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Arbitrage

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  • The strategy usually involves buying stock in a Delaware- incorporated company that is being acquired and then filing a claim that gets a judge to determine the fair price for the shares in a process known as appraisal. But now the top corporate lawyers in Delaware, where about two-thirds of Fortune 500 companies are chartered, are proposing an amendment to the...

  • LONDON, March 17- Whatever happened to zinc? The London Metal Exchange price for three-month delivery has, however, been falling steadily since the heady days of last September when it was trading above $2,400 per tonne. Of course zinc has been buffeted by the same headwinds as the other LME-traded base metals, namely dollar strength and uncertainty about the...

  • Spending a trillion euros could prove tricky for ECB Monday, 9 Mar 2015 | 10:37 AM ET

    LONDON, March 9- Hoarders of euro zone debt could frustrate the European Central Bank's plans to buy a trillion euros of mostly government bonds over the next 18 months, starting on Monday, to revive the bloc's economy. Seeking to soothe concerns the central bank might struggle to meet its 60 billion euros a month spending target, ECB President Mario Draghi argued...

  • HONG KONG, Feb 27- China's yuan fell to its lowest level against the dollar in more than two years on Friday, raising questions about whether the world's second-largest economy will devalue its currency to avert a sharper economic slowdown. With fears of a global currency war rising, all eyes in Asia are focused on what China will do as it grapples with inflation...

  • LONDON, Feb 2- Crude oil prices rose on Monday as investors shrugged off a U.S. refinery strike and focused on a falling U.S. rig count that signalled lower production down the line. At 1438 GMT, Brent crude futures were up 50 cents at $53.50 a barrel, after leaping as high as $55.62 and dipping as low as $51.41, as the bulls battled with the bears. U.S. crude was up 55 cents at...

  • CEFC China Energy preps for more open crude market Monday, 2 Feb 2015 | 3:41 AM ET

    CEFC seems to be shifting to that role from an earlier image as a commodity trade financing player, "said a senior Beijing trader, referring to CEFC's practice of using mixed aromatics to raise bank loans to profit from the currency arbitrage. Besides hiring trading executives from state oil companies, CEFC is due to start up an 18- million-barrel tank farm on...

  • Wilmington, Del., Jan 30- Hedge funds lost a court bid to get extra cash for their shares of online family research site Ancestry.com Inc, in a ruling involving an increasingly popular hedge fund strategy. A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share in 2012 to acquire Ancestry.com and rejected hedge fund claims the...

  • Wilmington, Del., Jan 30- A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share to acquire Ancestry.com Inc and rejected hedge fund claims the price should have been as high as $47 per share. The online family research company was sold to European private equity firm Permira Advisors in 2012. The private equity firm paid 40...

  • SINGAPORE, Jan 27- U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading companies to sell the light crude, trade sources said. Oil producers have been pressing to lift a 40- year-old U.S. ban on crude exports and the Department of Commerce...

  • NEW YORK, Jan 22- The discount for U.S. crude relative to Brent crude futures widened nearly 30 percent after weekly U.S. government data on Thursday showed a larger-than-expected U.S. crude stock build last week. The arbitrage moved from around $1.73 a barrel at 11:01 a.m. EST to as much as $2.29 a barrel at 11:40 a.m. EST. U.S. crude stocks jumped 10.1 million...

  • Oil markets open cautiously ahead of China GDP data Monday, 19 Jan 2015 | 8:35 PM ET

    SINGAPORE, Jan 20- Oil markets opened to cautious trading in Asia on Tuesday ahead of data expected to show China's economy grew at the slowest pace in 24 years in 2014, stoking worries in energy markets already suffering from slowing demand and oversupply. Brent crude futures were trading at $48.90 per barrel at 0115 GMT, close to their last settlement, while U.S....

  • HONG KONG, Jan 16- China's yuan snapped a five-day gaining streak against the dollar and posted its biggest intraday daily loss in more than a month on Friday, as investors squared positions to cope with their losses in Swiss Franc market following a shock move by the Swiss cental bank. The Swiss National Bank shocked financial markets on Thursday by scrapping a...

  • *World Bank lowers global growth forecasts for 2015, 2016. Late on Tuesday, the World Bank lowered its 2015 and 2016 world economic growth forecasts, reinforcing worries about sluggish demand growth in the oversupplied energy markets. Brent fell 24 cents to $46.38 a barrel by 1:24 p.m. EST, after reaching a high of $47.14.

  • NYMEX-Crude edges above $46/bbl after hitting new low Tuesday, 13 Jan 2015 | 7:14 PM ET

    TOKYO, Jan 14- U.S. crude futures edged above $46 a barrel on Wednesday, helped by a flurry of short-covering as traders moved to cash in profitable short positions as the price trades not far from a near six-year low hit a day earlier. *NYMEX crude for February delivery was up 14 cents at $46.03 a barrel by 2345 GMT, after settling down 18 cents on Tuesday.

  • NEW YORK, Jan 13- Oil prices fell by up 3 percent to near six-year lows on Tuesday, with Brent briefly trading at par to U.S. crude for the first time in three months as some traders moved to take advantage of ample storage space in the United States. Brent was down $1.48 at $45.95 a barrel by 1850 GMT, after falling to $45.19, its lowest since March 2009.

  • "The stock market rallied and that helped U.S. crude and the $44 a barrel level had been a target number for traders and U.S. crude held above that early on Tuesday," said Phil Flynn, analyst at Price Futures Group in Chicago. U.S. crude had fallen to an April 2009 low of $44.20 earlier in the session before pulling back to trade down about 40 cents at $45.67 a barrel by...

  • *U.S. crude slips on API data, after closing up 2 cents near $56. NEW YORK, Dec 16- Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55. While both markets rebounded from session lows, U.S. crude saw frenzied...

  • *Brent closes down, but off lows at above $60. NEW YORK, Dec 16- Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55. While both markets rebounded from session lows, U.S. crude saw frenzied trading that pushed it...

  • *OPEC repeats intention to keep output steady despite glut. NEW YORK, Dec 15- Crude prices came under renewed pressure on Monday, and Brent hit five-year lows of nearly $60 a barrel after producer group OPEC said it would stick to its decision not to cut output despite fears of a world awash in oil. But oil later gave up its gains, with Brent turning negative and U.S....

  • Consignment commerce: Allowing consumers to profit

    James Reinhart, ThredUP CEO & co-founder, discusses the online consignment space for second hand clothing, and the invaluable leadership and wisdom Netflix CEO Reed Hastings has provided. CNBC's Jon Fortt weighs in.