Bloomberg Markets :press: 1 year ago

Argentina Hinders Debt Swap by Not Offering Puts on Peso Bonds Argentina’s central bank isn’t offering put options for peso bonds the government is selling this week in a record debt swap, a move that’s discouraged private banks from participating in the deal, according to two people with direct knowledge. #press https://www.bloomberg.com/news/articles/2024-03-12/argentina-hinders-debt-swap-by-not-offering-puts-on-peso-bonds?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Gold Pares Losses as Traders Digest Latest US Inflation Report Gold pared earlier losses as traders digested a key US inflation report for indications of when the Federal Reserve may start cutting interest rates. #press https://www.bloomberg.com/news/articles/2024-03-12/gold-pares-losses-as-traders-digest-latest-us-inflation-report?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Real Estate, Infrastructure Losses Sap Ontario Teachers’ Returns Ontario Teachers’ Pension Plan gained 1.9% last year, underperforming its benchmark by a wide margin, as strong results in credit and stocks were overshadowed by losses in hard assets. #press https://www.bloomberg.com/news/articles/2024-03-12/real-estate-infrastructure-losses-sap-ontario-teachers-returns?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Morgan Stanley's Mike Wilson Believes in Artificial Intelligence Mike Wilson, Morgan Stanley CIO and chief US equity strategist, says he's a big believer in artificial intelligence and it's going to be a big productivity driver. He's on "Bloomberg Surveillance." (Source: Bloomberg) #press https://www.bloomberg.com/news/videos/2024-03-12/morgan-stanley-s-mike-wilson-believes-in-ai-video?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

OPEC’s Oil Supply Cuts Stall as Iraq Keeps Pumping Above Its Quota OPEC’s latest oil supply cuts stalled as Iraq — which has often flouted the group’s agreements — produced above its quota for a second month. #press https://www.bloomberg.com/news/articles/2024-03-12/opec-s-oil-supply-cuts-stall-as-iraq-keeps-pumping-above-its-quota?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Home Depot Teams With NCAA, Shaq for March Madness Marketing Campaign Home Depot Inc. is expanding its marketing efforts with a three-year NCAA deal that will be timed to begin with this year’s March Madness tournament. #press https://www.bloomberg.com/news/articles/2024-03-12/home-depot-teams-with-ncaa-shaq-for-march-madness-marketing-campaign?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Underlying US Inflation Tops Forecasts for Second Month The core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data out Tuesday. From a year ago, it advanced 3.8%. Mike McKee reports. #press https://www.bloomberg.com/news/videos/2024-03-12/underlying-us-inflation-tops-forecasts-for-second-month-video?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Zimbabwe Says Scorching El Nino Pattern Is Withering Corn Crop Zimbabwe warned that farmland planted with corn has shrunk by 12% because of scorching El Niño weather patterns, threatening the nation’s food staple and potentially triggering surging prices and social unrest. #press https://www.bloomberg.com/news/articles/2024-03-12/zimbabwe-says-scorching-el-nino-pattern-is-withering-corn-crop?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Signa Unit Offers Creditors 30% Recovery in Restructuring Plan Signa Development Selection AG, the smaller of two main units in Rene Benko’s insolvent property group, is offering creditors 30% of their money back in a restructuring proposal. #press https://www.bloomberg.com/news/articles/2024-03-12/signa-unit-offers-creditors-30-recovery-in-restructuring-plan?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Gold Miners Are Missing Out on Bullion’s Record Run Funds tracking producers are stubbornly flat despite the metal’s blistering rally. #press https://www.bloomberg.com/news/newsletters/2024-03-12/gold-miners-are-missing-out-on-bullion-s-record-run?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Abu Dhabi’s $892 Billion Wealth Fund Boosts Private Credit Bets Abu Dhabi’s $892 billion sovereign wealth fund is upping its commitment to a real estate private credit fund, the latest sign that deep-pocketed Middle Eastern investors are looking to play a pivotal role in the asset class. #press https://www.bloomberg.com/news/articles/2024-03-12/abu-dhabi-s-892-billion-wealth-fund-boosts-private-credit-bets?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Riksbank Governor Wants to Minimize Bitcoin in Financial Sector Sweden’s central bank governor seeks to keep Bitcoin trading away from the country’s financial system, warning about potential losses after the crypto currency has reached new all-time highs. #press https://www.bloomberg.com/news/articles/2024-03-12/riksbank-governor-wants-to-minimize-bitcoin-in-financial-sector?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

EQT to Start Gauging Investor Appetite in New Asia Buyout Fund EQT AB is targeting raising a new Asia-focused buyout fund and is in the early stages of gauging investor interest, according to people familiar with the matter. #press https://www.bloomberg.com/news/articles/2024-03-12/eqt-to-start-gauging-demand-for-new-asia-buyout-fund-eqt-bpea-ix?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

CVC’s Beauty Chain Douglas Sets Terms for $991 Million IPO German perfume retailer Douglas aims to sell as much as €907 million ($991 million) of stock in its initial public offering, as owner CVC Capital Partners capitalizes on a rebound in European listings. #press https://www.bloomberg.com/news/articles/2024-03-11/cvc-owned-beauty-chain-douglas-sets-terms-for-991-million-ipo?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

BAT to Sell as Much as $2.1 Billion of ITC Stock in Block Trade British American Tobacco Plc, the maker of Lucky Strike cigarettes, is selling as much as $2.1 billion of shares in Indian partner ITC Ltd. in a block trade. #press https://www.bloomberg.com/news/articles/2024-03-12/bat-to-sell-as-much-as-2-1-billion-of-itc-stock-in-block-trade?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Ex-BOJ Policy Board Member Sees 70% Chance of Hike Next Week Takahide Kiuchi, executive economist at Nomura Research Institute and former Bank of Japan Policy Board member, speaks about the probability of an interest rate hike by the BOJ next week and his outlook for yield curve control. (Source: Bloomberg) #press https://www.bloomberg.com/news/videos/2024-03-12/ex-boj-policy-board-member-sees-70-chance-of-hike-next-week?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

ADM Revises Years of Internal Sales After Accounting Probe Archer-Daniels-Midland Co. revised its intersegment sales for the last three years following an internal probe into its financial reporting and disclosed a $137 million impairment charge related to its animal nutrition unit. The shares rose in early trading. #press https://www.bloomberg.com/news/articles/2024-03-12/adm-records-charge-adjusts-three-years-of-internal-sales?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Smallest Turkish Gold Imports Since 2022 Improve Current Account Turkey imported the least amount of gold in nearly two years, helping to keep the current-account deficit narrower than expected. #press https://www.bloomberg.com/news/articles/2024-03-12/turkey-posts-better-than-expected-current-account-data?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Five Things You Need to Know to Start Your Day: Americas Good morning. Stocks rise before key CPI data, Bank of America upgrades its outlook for US earnings growth while Jamie Dimon punctures optimism over a soft landing. — David Goodman #press https://www.bloomberg.com/news/newsletters/2024-03-12/five-things-you-need-to-know-to-start-your-day-americas?utm_source=press.coop

Bloomberg Markets :press: 1 year ago

Novo Owner’s CEO on Obesity Sales Boom, Catalent Deal Novo Holdings CEO Kasim Kutay discusses the surge in income from obesity drug sales and offers an update on the Catalent deal and insight on the company’s deal strategy. #press https://www.bloomberg.com/news/videos/2024-03-12/novo-owner-s-ceo-on-obesity-sales-boom-catalent-deal-video?utm_source=press.coop