FinSentS Weekly Recap

Weekly Review of Headlines
● Central Banks Near Policy Limits But Back In Focus After G20 – RTRS

The G20 acknowledged that monetary policy alone is not enough to combat rising global risks but leaders failed to outline concrete steps, making only vague and general pledges…Read More

● IMF to identify holdings of China’s yuan in reserves surveys -RTRS

The International Monetary Fund said on Friday it will separately identify China’s yuan currency in its official foreign exchange reserves database starting Oct. 1, a move prompted by the yuan’s new status in the Fund’s reserve currency basket…Read More

● German FinMin Schaeuble: EU Would Be Less Stable Without UK – Yahoo

German Finance Minister Wolfgang Schaeuble urged Britain on Thursday to stay in the European Union, warning that Europe could become less stable if it leaves and that the bloc could also become less competitive.

● Wall Street Stocks Poised To Gain As Oil Prices Rise, China Shares Rebound – MarketWatch

U.S. stocks rallied to close higher Tuesday as investors scooped up bank and technology stocks, highlighting a renewed appetite for assets considered risky as oil stormed higher.

● CBI Report Finds Stalled UK Manufacturing Growth – PRW

Economic growth saw a small improvement in the last quarter, with improved business expectations, according to the latest Growth Indicator from the Confederation of British Industry.

● China Sets Up CNY100 Bln Fund To Cover Layoffs In Coal, Steel Sectors – RTRS

China’s Premier Li Keqiang said a 100 billion yuan (£13.9 million)fund for unemployment will mainly focus on the steel and coal sectors.

● Adidas Sees 10% To 12% Earnings Growth As Consumers Spend More – BBG

“The sporting-goods outlook remains very healthy and Adidas is well positioned to take advantage,” Piral Dadhania, an analyst at RBC Capital Markets, said in a note. After a 43 percent share-price gain in the past year, Dadhania sees “limited additional upside in the absence of clear margin-improvement initiatives.”

● Oil Below $37 As US Inventory Rise Counters Output Freeze Plan – CNBC

EIA reported U.S. oil production fell last week by about 25,000 barrels per day (bpd) to just over 9 million bpd, down from a peak of 9.6 million bpd in April. More reliable monthly figures from EIA put U.S. crude production at 9.2 million bpd in December.

● Copper Falls From Three-Month High, Steady Oil Supports – RTRS

London Metal Exchange copper slipped 1.1 percent to $4,654 a tonne by 0717 GMT, paring a 2.2-percent advance from the previous session when it struck its strongest since Nov. 16 at $4,771.

● Facebook To Pay Millions Of Pounds More In UK Tax – BBC

“On Monday, we will start notifying large UK customers that from the start of April, they will receive invoices from Facebook UK and not Facebook Ireland,” the internal post, seen by the BBC, says.

 

Stock Information
● $FB

US Jaffetilchin Investment Partners LLC Sells 4,542 Shares of Facebook Inc (FB) #FACEBOOK INC #SP500 More Details

● $BATS

LN British American Tobacco wins another 340m in HMRC rebate action #BAT-BRITISH AMER TOBACCO PLC #LDN100 More Details

● $AAPL

US Cramer: Apple’s Revenue Streams Are Still Flowing #APPLE INC #SP500 More Details

● $UBS

US UBS Defeats Arbitration Claim From Former Client’s Estate #UBS AG #STOXX600 More Details

● $HSBA

LN HSBC Says ‘Cash Is King’ #HSBC HLDGS PLC #LDN100 More Details

● $005930

KS Samsung Mobiles tops the list of India’s most trusted brands #SAMSUNG ELECTRONICS CO LTD #APEX50 More Details

● $FI

IM Japan Proposes Definition for Bitcoin in Bid to Regulate Exchanges #FIAT INDUSTRIAL SPA #STOXX600 More Details

● $KPLD

SP Keppel Corp announces joint venture to develop projects in Vietnam #KEPPEL LAND LTD #APEX50 More Details

● $ADI

US Janus Capital Management Has $34,821,000 Position in Analog Devices, Inc. (ADI) #ANALOG DEVICES #SP500 More Details

 

InfoTrie News
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