Hints and tips:
...“The die is cast for China to come in and trump BHP’s offer with relatively little resistance from the South African authorities,” said John Meyer, a mining analyst at S&P Angel....
...Martin Deboo, analyst at Jefferies, said the transaction “reduces Nestlé’s exposure to L’Oréal, which at [about 16 per cent] of its market cap pre-transaction was becoming troublingly high....
...“Part of the reason the economy has been so resilient following such a large shock is the extraordinary ability and willingness of the consumer to spend,” said Michelle Meyer, head of US economics at Bank...
...“The Fed announced its new strategic objectives two weeks ago, and now it is time to back them up with concrete actions,” Aneta Markowska and Thomas Simons, economists at Jefferies, said in a note on Friday...
...On the losing side of the trades were Jefferies, the investment bank, and MF Global, the now-defunct futures broker, according to court documents....
...cut to “underperform” at Credit Suisse; MorphoSys raised to “buy” at Deutsche Bank; Norwegian Air upgraded to “hold” at HSBC; Novartis downgraded to “underweight” at Barclays; RSA upgraded to “buy” at Jefferies...
...Daniel Fannon, an analyst at Jefferies, estimates the two funds that collapsed accounted for about 38 per cent of the 629,000 open Vix futures contracts....
...He built investment boutique Longacre Partners before it was sold to Jefferies in 2007, and set up the Founders Forum, a private network for tech entrepreneurs....
...Bettencourt's daughter, Françoise Bettencourt Meyers, was quick to renew the family’s commitment to L’Oréal....
...The settlement prices in turn increased the value of DRW’s earlier position, forcing Jefferies and MF Global to send more margin money to DRW, the CFTC said....
...In the summer of 2010 it bought $350m worth of the futures from Jefferies, the New York investment bank, and MF Global, the futures broker that subsequently failed in late 2011....
...This could be bad news for Goldman Sachs, which is leading the debt sale, as well as Barclays, JPMorgan and Jefferies, which are underwriting it....
...The latest futures broker to feel the impact of the new regulations is Bache, whose name will cease as the business shifts from Jefferies to SocGen....
...“The market is clearly still demoralised,” said Andy Lebow, senior vice-president of energy at Jefferies, the broker. “The Brent market was stronger, then it just started to give way....
...Andy Lebow, senior vice-president of energy at Jefferies, the broker, said mounting product stocks would pressure refiners’ profit margins....
...“After the settlement, the market just got completely pummeled,” said Andy Lebow, oil broker at Jefferies....
...“Supplies are actually tight up here as a result of a variety of factors,” said Andy Lebow, senior vice-president at broker Jefferies in New York....
...Friday’s dawn found us looking for Meyer’s Parrots where huge flocks had been seen. Later we made our farewells, and were off, paddling canoes south....
...“Egypt is significant,” said Andy Lebow, energy broker at Jefferies Bache in New York. “Two weeks ago you would have thought the chances of the Suez Canal or Sumed pipeline closing were zero....
...“It looks more like a relief rally than anything else,” said Andy Lebow, a senior vice-president at futures broker Jefferies Bache....
...Jefferies is one of a number of US financial institutions capitalising on the eurozone banking crisis to expand beyond their traditional reach....
...“This is a bit of a wake-up call,” says Ward McCarthy, chief financial economist at Jefferies, the investment bank....
...Agricultural commodities from corn to soyabean meal each lost more than 3 per cent, leading the benchmark Reuters-Jefferies CRB index lower and undermining the belief that monetary easing by the US Federal...
...Customer money that was invested in the futures market was held at Jefferies, Peregrine’s clearing broker, which now holds $125m after liquidating positions....
...Cotton has declined 21 per cent since the beginning of May, outpacing the 12 per cent fall in the Reuters-Jefferies CRB commodities index....
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