A potential warning to stock investors of weaker-than-expected 4Q-2013 earnings is shaping up to be the most negative on record. USA Today reports.» Read More
HONG KONG, Dec 13- Asia-Pacific M&A deal values fell 3.3 percent in 2013 to $510 billion, representing a third year of decline, according to preliminary data from Thomson Reuters. Below is a list of the Top 10 advisors and the estimated fees earned.
*Morgan Stanley tops league table and highest fee earner. On the bright side, according to investment bankers interviewed by Reuters, the 2013 Asia acquisition arena was characterized by larger deals and a 13 percent rise in average fees earned per completed deal, according to Thomson Reuters calculations.
NEW YORK, Dec 12- Gold tumbled 2 percent on Thursday as upbeat U.S. retail sales data stoked expectations of a cut soon in the Federal Reserve's stimulus program, and natural gas prices rose for a fourth straight day as colder weather gripped the United States. Coffee and silver were among other commodities that posted major price moves.
CHICAGO, Dec 12- Illinois' enactment of sweeping public pension reforms last week gave a boost to its sale on Thursday of $350 million of taxable general obligation bonds. He said Illinois' previous sale of $350 million of taxable GO bonds in April resulted in a 4.97 TIC that was more than 3 percent over 10- year Treasuries.
*Liberty makes another attempt to buy Ziggo. BRUSSELS, Dec 12- U.S. cable group Liberty Global is in takeover talks with Dutch operator Ziggo, its latest move to consolidate the sector in Europe with a deal analysts say could cost around 5 billion euros.
LONDON/ PARIS, Dec 12- European equity investors, flush from 30 percent gains after a two-year rally, are turning twitchy. Combined with a trickle of profit warnings in Europe and a still shaky economic recovery, that is taking the shine off stocks which are no longer cheap on all measures.
NEW YORK, Dec 12- U.S. stocks could see their first major pullback in months when the Federal Reserve scales back its economic stimulus early next year but a Reuters poll found shares will still end 2014 up 8 percent from current levels. The U.S. central bank has been buying $85 billion in bonds per month to prop up the economy.
BANGALORE, Dec 12- China and other East Asian stock markets will surge next year after a lacklustre performance in 2013, driven by attractive valuations and inflows into the region, a Reuters poll showed.
HONG KONG, Dec 12- Shares in China Cinda Asset Management Co Ltd surged as much as a third in their trading debut on Thursday, marking a major success for China's first listing of a bad debt management firm and boding well for other potential IPOs in the sector.
HONG KONG, Dec 12- Shares in China Cinda Asset Management Co Ltd surged as much as 24 percent in their trading debut on Thursday, boosted by heavy demand from retail investors- a major success for China's first attempt to list one of its four bad debt managers.
NEW YORK, Dec 11- Natural gas futures hit 7- month highs on Wednesday after cold weather forecasts bumped up expectations for heating demand in the United States, while U.S. crude prices tumbled on a report showing a build in gasoline inventories. Copper rose for a fourth straight session in London, hitting a one-month high together with zinc.
Dec 11- Better economic data has pushed a tapering of bond buying by the Federal Reserve higher up the agenda- even as early as next week. Wants very badly to taper, in my opinion, "writes Fed watcher and University of Oregon economist Tim Duy.
BRUSSELS, Dec 11- Bondholders and large depositors in a failing bank could face losses as early as 2016 if Germany succeeds in accelerating tough new European rules to spare taxpayers from further bailouts.
"Markets are getting a bit wary on how much steam this rally has and we are seeing some profit taking at these levels," said a trader at a European Bank in Hong Kong.
NEW YORK, Dec 10- Coffee rallied on Tuesday on tight supplies of robusta beans in top producer Vietnam, and gold and silver surged too, pushing the commodities complex broadly higher. Robusta coffee rose as much as 4.6 percent to $1,803 a tonne in London, before closing 4 percent higher at $1,793.
HONG KONG, Dec 10- China's currency rose to a record high against the U.S. dollar for a second consecutive day on Tuesday after the central bank relaxed its grip on the yuan's movements. Over the last two months, the spread between one-year debt in the Hong Kong and onshore markets has nearly doubled to 340 basis points, according to Thomson Reuters data.
WASHINGTON, Dec 9- The U.S. municipal bond market shrank at a record pace in the third quarter, and the amount of bonds held by households, the market's biggest investors, fell to the lowest level in nearly seven years, according to Federal Reserve data released on Monday.
NEW YORK, Dec 9- Thomson Reuters Corp is replacing the senior executives overseeing three of its main businesses- legal, growth markets and intellectual property- as part of a wider reorganization aimed at boosting growth and trimming costs.
Robusta coffee prices firmed in London on concern about tighter immediate supplies from Vietnam, the top grower of the crop. "We're now looking at an additional arctic outbreak in the week leading up to Christmas," said Matt Rogers, a meteorologist at Commodity Weather Group.
NEW YORK, Dec 9- As the calendar closes down on 2013, many U.S. money managers are finding themselves in an unfamiliar position: selling some of the bond funds that have long been mainstays of their clients' portfolios.