A decline in Brazil’s real and a ratings upgrade for Nigeria are spurring sales of structured notes tied to emerging market sovereign debt, while issuance of similar securities linked to euro-area nations dries up. Click here to continue reading.
Match the hedge fund manager with his favorite Thanksgiving dish. Managers: 1. David Einhorn, Greenlight Capital 2. John Griffin, Blue Ridge Capital 3. Julian Robertson, Tiger Management 4. Lee Ainslie, Maverick Capital 5. Glenn Dubin, Highbridge Capital 6. Roy Niederhoffer, RG Niederhoffer Capital Favorite Dish: 1. Wild rice. 2. Creamed onions. 3. Cranberry sauce – “not [...]
There needs to be a “global solution” to curbing aviation emissions, not one supported by a single country or region, said Ken Hylander, senior vice president for corporate safety, security and compliance at Delta Air Lines Inc. Continue reading here.
The FDA may issue its decision this week regarding GlaxoSmithKline/Ligand’s supplemental New Drug Application (sNDA) for Promacta. A decision from the agency is expected by Nov. 24, Bloomberg Industries estimates. Glaxo submitted regulatory filings in the U.S. and EU at the end of May. The application seeks to expand the drug’s label to include treatment of thrombocytopenia in [...]
This sample chart is an excerpt from Clean Energy & Carbon. Take your risk free trial here
Euro-area consumer confidence for November, on Thursday, may drop to 25.8, according to a Bloomberg survey, after unemployment reached a record high. The index has been below the 10-year average of minus 14.8 for 15 months. This sample data is from Economics Europe. To take a trial click here.
Click here to view the China Brief
High-yield companies sold at least $2.6 billion of debt this week, down 81 percent from the prior period and below the 2012 average of $6.9 billion, according to data compiled by Bloomberg. Bombardier postponed a $1 billion offering as the cost to borrow rose to the highest since early September. To continue reading full article click here
Guest Commentary by Kristin Bentz, PMG Venture Group With the U.S. elections over, investor focus, when not trained on the so-called fiscal cliff, is now beginning to turn toward the approaching holiday shopping season. The Friday after Thanksgiving, known as ‘Black Friday,’ is perceived by many to be busiest and most important shopping day of the year. It is not well understood by [...]
China’s goal of doubling per capita income by 2020 — which was discussed at the 18th Communist Party Congress that concluded yesterday — is likely to help place the country on the right track to sustainable growth. Still, the reform agenda will take years to implement, and change is not guaranteed. In the near term, a fiscal-led turnaround in fourth-quarter GDP growth is [...]