Hints and tips:
...The deal will pit Stephen Schwarzman against fellow billionaire and former New York mayor Michael Bloomberg, who at the moment is the undisputed king of the financial information industry....
...Chart via Bloomberg...
...From Nomura, with our emphasis: According to today’s official People’s Daily [link here and Bloomberg writeup here], an “authoritative” person who was not identified indicated that China should not support...
...More so, there is still a clear sense that the underlying fiscal health of the states isn’t v important....
...It was the slowest quarterly growth rate since the first quarter of 2009 but higher than expectations of 6.7 per cent in a Bloomberg poll.”...
...Here is an opinion summary from law firm Simpson Thacher describing how the court judged predicted beta in a 2010 appraisal case, ” Global GT lp v. Golden Telecom”....
...T.V....
...That compared with the median forecast of 63,000 in a Bloomberg survey (Bloomberg). Markets: European stocks were slightly weaker mid-morning, with Renault weighing on automakers....
...Related reading: China set to expand car purchase curbs, FT China cars: global v local, FT Lex Chart of the week: carmakers shift gear in emerging markets, beyondbrics...
...The S&P 500 rose 0.1 per cent to 1,682.50, eking out an eighth day of gains (Bloomberg)....
...(Bloomberg) Today: Euro area GDP is due at 10am BST. HSBC said it will target $2bn to $3bn of additional cost savings....
...(Bloomberg) Bank of Japan maintains asset-buying programme: The May monetary policy statement made no mention of recent rises in JGB yields, and said its decision came amid signs of “positive movement”...
...Update – via Bloomberg and CNBC: *KPMG SAYS THIRD PARTY IS NOT RELATED TO ACKMAN, ICAHN – CNBC Update – Herbalife have come out with a statement, and it was about the failings at KPMG....
...But of course as Bloomberg reports, the ECB asked the European Court of Justice records office for a four-month extension to reply to the case brought against it....
...(Financial Times) Sweden’s Hakon Invest is acquiring the 60 per cent of shares it doesn’t own in Nordic food retailer ICA AB for 20 billion Swedish kronor ($3.1 billion) from Royal Ahold N.V....
...Related reading: Argentina budget: hairy stuff, beyondbrics Argentina: double vision, beyondbrics Colombia v Argentina: GDP fight, beyondbrics...
...Related link: EADS and BAE in tie-up talks — FT.com EADS Explores BAE Combination in Aerospace Revamp – Bloomberg...
...The currency is down 1.65 per cent this month against the US dollar, but it’s still 10 per cent up this year, making it the third best-performing emerging market currency, according to Bloomberg....
...Not exactly Henry V at Agincourt....
...Bloomberg has the story here (our emphasis): Glencore International Plc (GLEN) hired a commodity ship with the operator of the vessel earning nothing and contributing to some of the fuel costs after freight...
...(Bloomberg)...
...Amid such pervasive problems, V Balakrishnan, chief financial officer of India’s second-largest software exporter, told Bloomberg that India should follow China’s example....
...For example, 12 per cent of economists in a Bloomberg survey last week believe the country’s growth will fall below 5 per cent....
...Judge Jones’s ruling follows a decision by the US Supreme Court last year in the Morrison v....
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