The People's Bank of China (PBoC) eased short-term borrowing costs for banks on Thursday, a "strong signal" that a rate cutting cycle is near.» Read More
*Barclays cuts Nabors Industries price target to $16 from $17; rating. *Barclays cuts Patterson UTI Energy Inc price target to $22 from $24;. *Barclays cuts Superior Energy Services Inc price target to $32 from.
Oct 1- United Technologies Corp:. *Barclays cuts United Technologies Corp price target to $96 from $100;. Reuters Station users, click. 1568.
Oct 1-* Barclays raises Aflac Inc price target to $58 from $55; rating overweight. *Barclays raises The Hartford Financial Services Group Inc price. *Barclays raises Lincoln National Corp price target to $24 from $20;.
*Barclays raises Allied World Assurance Company price target to $72. *Barclays raises Allstate Corp price target to $45 from $41; rating. *Barclays raises Arch Capital Group Ltd price target to $48 from $46;.
*Barclays starts Yelp Inc and Zillow Inc with equal weight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Barclays raises SCANA Corp price target to $49 from $47; rating equal. *Barclays cuts Southern Co price target to $48 from $49; rating equal. Reuters Station users, click. 1568.
NEW YORK, Oct 1- General Electric launched a $7 billion sale of notes on Monday, taking advantage of prevailing low rates in what will be the third-largest sale of corporate debt in the US so far this year. Barclays, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley are the joint bookrunners.
*Barclays starts Carnival Plc with equal weight rating; price target. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
NEW YORK, Oct 1- General Electric on Monday launched a $7 billion sale of three-year, 10- year and 30- year notes, according to a term sheet. The deal is being brought by Barclays, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley as joint bookrunners.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has priced a EUR750m increase of a 3.875% May 2022 issue via Barclays, Ceska, SG CIB and UniCredit. The tap attracted over EUR1.6bn of demand from investors and priced at mid-swaps plus 116 bp, from an initial price range of mid swaps plus 120 bp-125bp. The issue size now totals EUR2.75bn.
Qatar Prime Minister Sheikh Hamad Bin Jassim Bin Jabr al-Thani said in a CNBC interview he’s worried about what central bank money printing will mean for the value of the two major global currencies.
Those who took part in the manipulation of the London interbank offered rate (Libor), the key benchmark rate, could face criminal prosecution even though Libor manipulation is not yet a criminal offense.
The British Bankers’ Association is expected to lose control over the interest rate at the center of a recent manipulation scandal, according to a person with direct knowledge of the matter.The NYT reports.
At Friday's ribbon cutting for the Barclays Center, the new Brooklyn home for the NBA's Nets franchise, a transformation was clear. The New Jersey Nets were never cool. The BROOKLYN Nets are.
Antony Jenkins, the new chief executive of Barclays, is to announce a shake-up of the business early next year which will shrink investment banking division Barclays Capital (BarCap) and bankers’ paydays.
A leading US figure in bond investment has emerged as Ireland’s single biggest private sector creditor by aggressively buying Irish government bonds. The FT reports.
The Serious Fraud Office has launched a second criminal investigation into Barclays as the agency examines payments the bank made as part of its 2008 Middle Eastern capital raising. The FT reports.
Seven banks have received subpoenas as part of an investigation into the alleged manipulation of the London Interbank Offered Rate, said a source close to the case.
Major banks, which often band together when facing government scrutiny, are now turning on one another as an international investigation into the manipulation of interest rates gains momentum. The NYT reports.
The Swiss National Bank has euros ready to unload, and these strategists point to currencies that should benefit.