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Tuesday, March 19, 2024

Daily Highlights: 6.14.10

Courtesy of Tyler Durden

  • Asian shares were mostly higher Monday, lifted by Friday’s mild gains on Wall Street.
  • ECB governor said interest rates in the euro zone will remain on hold for many months.
  • Euro concerns put plan to introduce a single currency for GCC nations on hold.
  • Euro volatility signalling weakness as traders lose confidence in currency.
  • French, German banks continued to hold the greatest exposure to euro-zone countries.
  • South Korea’s Won advances on tighter forwards curbs, risk of intervention.
  • Taiwan, China say they reach a basic agreement on reducing trade tariffs.
  • UK economy will grow faster than previously f’cast as a weaker pounds helps exports.
  • Agricultural Bank of China Ltd. may raise as much as $15B in the Hong Kong IPO.
  • Axa in talks to sell most of its U.K. life insurance unit to Resolution Ltd. for $4.1B.
  • BP may lose US oil leases, contracts as Obama considers spill punishment.
  • Cablevision agrees to buy Bresnan Communications for $1.36B.
  • GM’s IPO will enhance financial flexibility.
  • KKR may acquire $400M stake in Texas Eagle Ford shale formation from Hilcorp Energy.
  • Lions Gate in talks with lenders to waive or amend its credit facilities to prevent a default.
  • Marsh & McLennan to pay $500M for Alaska pension misjudgements.
  • Santander expects 2010 profit to be similar to last year’s; despite economic uncertainty.
  • Swiss Re sees moderate industry growth, M&A increase.
  • Thailand’s govt plans to offer to buy Temasek’s stake in satellite monopoly Thaicom Pcl.
  • The Mosaic Co. is in talks to acquire Mexico’s Grupo Fertinal SA de CV for ~$1B.
  • Xinjiang Goldwind shelves its $1.2B Hong Kong IPO share sale.

Earnings Calendar: AOI, CCL, CMRO, CRVP, GMTC, KFY, LAKE, LZB, MDZ, MPAA, SURG.

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Data provided by Egan-Jones Ratings and Analytics

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