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'No-one is breaking out the champagne': emerging markets investors treading carefully

13 hours ago DieselGasoil Comments Off on 'No-one is breaking out the champagne': emerging markets investors treading carefully
LONDON (Reuters) – After plowing billions into emerging market equities since October, investors have started to show signs of hesitation, but an uptick in earnings expectations should reassure those hoping to capitalize on stronger economic growth in the emerging world. FILE PHOTO: A man is seen in front of an electronic board showing stock information Read More

Overdone? Short EU equities 'most crowded' trade for first time

2 days ago DieselGasoil Comments Off on Overdone? Short EU equities 'most crowded' trade for first time
LONDON (Reuters) – Fund managers have named bearish bets in European equities as the “most crowded” trade in Bank of America Merrill Lynch’s survey for the first time in its history, suggesting sentiment for one of the world’s most shunned markets may rise from here. FILE PHOTO: The German share price index DAX graph is Read More

Equity funds see biggest weekly inflows in a year: BAML

6 days ago DieselGasoil Comments Off on Equity funds see biggest weekly inflows in a year: BAML
LONDON (Reuters) – Investors plowed $14.2 billion into global equity funds this week, the largest amount in a year as investors jumped on to 2019’s stock market rally, Bank of America Merrill Lynch said on Friday, citing flow data provider EPFR. An index of global stocks is up more than 16 percent since the end Read More

HK suspends UBS sponsor license, fines it and others $100 million for IPO failures

6 days ago DieselGasoil Comments Off on HK suspends UBS sponsor license, fines it and others $100 million for IPO failures
HONG KONG (Reuters) – Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Read More

Husky Energy Prices $750 Million US Offering of Senior Unsecured Notes

1 week ago DieselGasoil Comments Off on Husky Energy Prices $750 Million US Offering of Senior Unsecured Notes
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) — Husky Energy (TSX: HSE) has priced a $750 million US offering of senior unsecured notes. The notes will bear annual interest at a rate of 4.400 percent and mature on April 15, 2029. Husky intends to use the net proceeds of this offering for general corporate purposes, Read More

Oil edges up on OPEC's supply cuts, but U.S. surge caps gains

1 week ago DieselGasoil Comments Off on Oil edges up on OPEC's supply cuts, but U.S. surge caps gains
SINGAPORE (Reuters) – Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC, although the gains were capped by the ongoing surge in U.S. supply while analysts warned of risks to the global economy. FILE PHOTO: Drilling rigs are parked up in the Cromarty Firth near Invergordon, Scotland, Read More

Wall Street snaps five-day losing streak despite Boeing's drop

1 week ago DieselGasoil Comments Off on Wall Street snaps five-day losing streak despite Boeing's drop
NEW YORK (Reuters) – U.S. stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing’s shares limited the Dow’s advance after a deadly airline crash in Ethiopia. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, Read More

Oil gains over 1 percent as Saudi stands by OPEC output cuts

1 week ago DieselGasoil Comments Off on Oil gains over 1 percent as Saudi stands by OPEC output cuts
NEW YORK (Reuters) – Oil prices rose more than 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Read More

Levi Strauss seeks $6.2 billion valuation in market return

1 week ago DieselGasoil Comments Off on Levi Strauss seeks $6.2 billion valuation in market return
(Reuters) – Levi Strauss & Co said on Monday it expects to raise as much as $587 million through an initial public offering (IPO), giving it a value of up to $6.17 billion as the jeans maker returns to the market after three decades. FILE PHOTO: The label of a Levi’s denim jacket of U.S. Read More

Worst start to year for equity flows since 2008: BAML

2 weeks ago DieselGasoil Comments Off on Worst start to year for equity flows since 2008: BAML
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid LONDON (Reuters) – A $10 billion wipeout over the last week has compounded the worst start to a year for equity flows since 2008, Bank of America Merrill Lynch strategists said on Friday. Citing Read More