Hints and tips:
...Steel has used derivatives to agitate for higher bids in the takeovers of Acacia Mining and Sirius Minerals. His fund has delivered a 20 per cent annual annual return since its launch in 2019....
...The C$34-a-share offer price is about 10 per cent more than Pentwater’s average cost....
...life science companies formerly held in WEIF, which Acacia bought from Link in 2020....
...As a result, cash generated from operations was down 10 per cent to $160m , and net debt leapt 70 per cent to $555m....
...Spire operates 39 hospitals, 10 clinics and two specialist cancer centres across the UK....
...Fellow miner Acacia had been locked in dispute with President John Magufuli’s government for more than six months before Petra had one of its diamond exports blocked last week, and its personnel questioned...
...“So we might see two in the next 10 years and perhaps three or four by 2030.”...
...By mid-morning, the Randgold shares were 17 per cent higher, while Acacia Mining was up 15 per cent, and Fresnillo, the UK’s largest silver and gold miner, rose 12 per cent....
...There is no secondary securitisation, so no collateralised debt or loan obligations (CDOs and CLOs). China’s residential market is clearly very soft, but I believe a housing crisis is very unlikely....
...These had names such as Arco Iris — or Rainbow, and Bosque das Acacias — Acacia Grove and slogans such as “Invest in Brazil today — the safe way”....
...Even though I think oil prices could fall back another $10 or so a barrel, I’m increasing my exposure....
...Chariot Oil & Gas dropped 10.4 per cent to 17.3p after Galp announced a dry well at their prospect in Namibia....
...(Reuters) SEC officials won’t recommend civil charges be filed against Magnetar Capital, the Illinois hedge fund involved in creating dozens of CDOs....
...Aluminium is in this way being transformed into a new type of CDO....
...The judge warned lawyers to avoid complex financial vocabulary in the case, which concerns the synthetic CDO Abacus 2007-AC1....
...(Wall Street Journal) JPMorgan and Morgan Stanley are designing new synthetic CDOs....
...After the UK close, Carnival said disruptions and repairs would cut its first-half earnings per share by 8 cents to 10 cents – a much bigger impact than the hit of about a cent that analysts had been predicting...
...Korean banks get only 10 per cent of revenues from overseas business....
...(Financial Times) JPMorgan and Morgan Stanley are designing new synthetic CDOs....
...(Financial Times) - The US vs S&P on CDO ratings. (Bloomberg) - Berkshire’s BNSF Railway considers switch to natgas. (Wall Street Journal) - China seeks to apply some of US shale success at home....
...US Treasury 10-year yields rose to three-month highs ahead of what is expected to be a set of positive new-home construction housing figures, reports Bloomberg....
...- Mitt Romney claims that he never paid less than 13 per cent of income on taxes in the past 10 years. - Also, see the Tax Policy Center’s note on Romney’s tax proposals....
...It now expects pre-tax profits to be at least 10 per cent more than consensus market expectations of $6.7m. “In the second half of 2010 we saw the industry start to recover quite dramatically....
...Credit Suisse’s former head of CDO trading has been arrested in the UK....
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