By Chijioke OhuochaLAGOS, Jan 30 (Reuters) - India's largest telecoms operator, Bharti Airtel does not see much value in buying debt-laden Nigerian rival 9mobile and withdrew from submitting a firm bid before the deadline, two industry sources with knowledge of the deal told Reuters.Barclays Africa is examining takeover bids from prospective buyers for 9mobile. However, a deal may take a few month...Read More
PARIS, Jan 30 (Reuters) - * Euronext said on Tuesday it will extend its Large-in-Scale (LIS) trade facility to commodity futures in response to interest in block trades.* Euronext's most active commodity futures contracts, wheat and rapeseed, will be available on LIS Trade, while block trades will be made available for a wide range of Euronext commodity futures contracts. These will include minimu...Read More
* GRAPHIC-2017 asset returns: * LME/ShFE arb: * LME nickel stocks vs LME benchmark nickel: (Adds closing prices, adds graphic)By Zandi ShabalalaLONDON, Jan 30 (Reuters) - Nickel came off two-year highs on Tuesday as investors booked profits from a rally that was supported by a low dollar and an improving demand and supply outlook.Benchmark LME nickel ended 3.3 percent lower at $13,350 ounces. The...Read More
(Kitco News) - Gold and silver markets could not hold modest early gains and were ending the U.S.day session weaker Tuesday, on some follow-through selling from Monday's losses.A weaker U.S. dollar index limited selling pressure in the metals. However, theUSDX was well up from its overnight low during the U.S. day session. Lowercrude oil prices today also weighed on the precious metals markets. Ap...Read More
By Francesco CanepaFRANKFURT, Jan 30 (Reuters) - The European Union agency in charge of winding down failing banks is seeking external help to improve its image, tarnished by criticism of its handling of three collapsing lenders and of its preparedness for the task.Launched in 2014 to end an era of bank bailouts, the Single Resolution Board came under fire last year for deciding not to intervene i...Read More
* U.S. consumer confidence increases 2.3 points in January* House prices rise 6.4 percent in November from year ago WASHINGTON, Jan 30 (Reuters) - U.S consumer confidence rebounded in January and house prices increased further in November, suggesting that a recent acceleration in consumer spending was likely to be sustained despite sluggish wage growth.Robust consumer confidence and rising househ...Read More
* Dow posts biggest intraday point drop since May 17* Rising bond yields weigh; Fed meet, Trump speech eyed* Health stocks hit by Amazon, JPMorgan, Berkshire team-up* VIX hits highest level since August 2017* Indexes down: Dow 1.26 pct, S&P 0.97 pct, Nasdaq 0.81 pct (Updates to early afternoon)By Tanya AgrawalJan 30 (Reuters) - Rising bond yields and a sell-off in healthcare shares sent the U....Read More
(Adds detail from news conference)By David MillikenLONDON, Jan 30 (Reuters) - The Bank of England is turning its focus back to the more conventional business of bringing down inflation as Britain's economy showed it was getting over the damage wrought by the 2007-09 financial crisis, Governor Mark Carney said on Tuesday.Little more than a week before the BoE gives its latest assessment of the eco...Read More
(Repeats to additional clients; no change in text.)By Michelle MartinBERLIN, Jan 30 (Reuters) - The far-right Alternative for Germany (AfD) won't be able to thwart government plans to spend on refugees or possible euro zone bailouts, even if it holds the chair of the powerful parliamentary budget committee, its candidate for that position said.The AfD has nominated Peter Boehringer, a critic of e...Read More
(Adds executive comment on competition, tax savings)By Lisa Baertlein and Siddharth CavaleJan 30 (Reuters) - McDonald's Corp on Tuesday reported robust U.S. fourth-quarter restaurant sales, boosted by new buttermilk chicken tenders and low-price food, but that was not enough to match Wall Street's increasing appetite for growth.Investor expectations are high three years into a turnaround led by C...Read More
By Ben MartinLONDON, Jan 30 (Reuters) - Augmentum Management, a Lord Rothschild-backed British venture capital firm, is planning to raise as much as 125 million pounds ($176.75 million) from a London stock market listing to put towards a new fund, according to a person familiar with the matter.The fintech-focused business is working with Fidante Capital on the listing that could take place as soon...Read More
By Karin StroheckerLONDON, Jan 30 (Reuters) - International asset managers appear unfazed by Washington's move to name a group of business "oligarchs" as close to the Kremlin, with many saying on Tuesday that they were seeking an opportunity to add to their Russia exposure.The list compiled as part of a sanctions package signed intolaw in August named 210 people close to the Kremlin. The...Read More
Activision Blizzard, Inc. (NASDAQ:ATVI) has had a solid start to the new year, boosted by the inaugural season of the Overwatch League. If past is precedent, ATVI could have even more room to run in the short term. Heading into Super Bowl weekend and a new month, we looked at the video game stock throwing up two significant "buy" signals. ATVI Stock Historically Hot After Super Bowl According...Read More
FRANKFURT, Jan 30 (Reuters) - Punitive tariffs imposed recently by the United States risk setting off a trade war that would only produce losers, Jens Weidmann, the president of Germany's central bank said on Tuesday.The U.S. imposed steep import tariffs on washing machines and solar panels earlier this month, and President Donald Trump threatened to confront the European Union over what he called...Read More
Earnings season is well underway, and aerospace giant Boeing (NYSE:BA) is expected to report its fourth-quarter results before tomorrow's opening bell. Below, we will take a look into how BA has performed on the charts of late, and what the options market is pricing in for the stock's post-earnings action.As an overview, Boeing stock has outperformed on the charts this past year, more than doublin...Read More
Stocks are getting battered for a second straight day. The S&P 500 Index (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJIA) are all sharply lower, with the blue-chip index pacing for its worst daily percentage decline since August. A big pullback from insurance giant UnitedHealth Group (UNH) following this morning's announcement from Amazon (AMZN), Berkshire Hathaway (BRK.A),...Read More
SALMONES CAMANCHACA SA :* Chile's Salmones Camanchaca will hold an initial public offering on the Santiago stock exchange on Feb. 2, the company said on Tuesday. It will also issue deposit certifictes (Norweegian Depositary Receipts)in Oslo. * The company's controller, Pesquera Camanchaca will hold a secondary share offering. Source text for Eikon: Further company coverage: Further company coverag...Read More
(Kitco News)- It could be a dramatic year for the precious metals marketas there is a significant divergence in price forecasts for 2018, according tothe London Bullion Market Association.Tuesday, the LBMA released its forecast of 34 preciousmetals analysts, noting that there is a $390 trading range between the lowestend of the estimates and the highest prediction.The average gold prices among LBM...Read More
LONDON, Jan 30 (Reuters) - Bank of England Governor Mark Carney said on Tuesday he appreciated U.S. President Donald Trump's comments in favour of a strong dollar and said the U.S. economy continued to look strong even if other economies had also recently shown strength."I appreciated the president's comments of last Friday on the dollar," Carney told members of the upper house of Britai...Read More
LONDON, Jan 30 (Reuters) - Britain should stop issuing new government bonds which pay returns linked to the discredited retail price index (RPI) within the next seven to 10 years, Bank of England Governor Mark Carney said on Tuesday.RPI is used as the benchmark for British inflation-linked debt as well as most student loans and many commercial contracts. But the country's statistics agency has sai...Read More