Investors call the end of the government-bond bull market (again)

Investors call the end of the government-bond bull market (again)

FOR the umpteenth time in the past decade, a great turning-point has been declared in the government-bond market. Bond yields have risen across the world, including in China, where the yield on the ten-year bond has come close to 4% for the first time since 2014. The ten-year Treasury-bond yield, the most important benchmark, has […]

Chipmaker Broadcom plans blockbuster bid for Qualcomm: sources

Chipmaker Broadcom plans blockbuster bid for Qualcomm: sources

(Reuters) – Communications chipmaker Broadcom Ltd (AVGO.O) is planning to unveil a bid for smartphone chip supplier Qualcomm Inc (QCOM.O) by Monday, two sources familiar with the matter said on Friday, an attempt to create a roughly $ 200-billion company in what would be the biggest technology acquisition ever. A tie-up would combine two of […]

As the global economy picks up, inflation is oddly quiescent

As the global economy picks up, inflation is oddly quiescent

A FEW years ago, the news about the euro-zone economy was uniformly bad to the point of tedium. These days, it is the humdrum diet of benign data that prompts a yawn. Figures this week show that GDP rose by 0.6% in the three months to the end of September (an annualised rate of 2.4%). […]

Facebook profit soars, no sign of impact from Russia issue

Facebook profit soars, no sign of impact from Russia issue

(Reuters) – Facebook Inc (FB.O) reported better-than-expected quarterly profit and revenue on Wednesday as it pushed further into video advertising, showing no sign of financial damage from the controversy over how Russia used the social network in an attempt to sway voters in the 2016 U.S. election. A 3D-printed Facebook like button is seen in […]

Wall St. ends strong October higher as tech, staples lead

Wall St. ends strong October higher as tech, staples lead

(Reuters) – A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports on Tuesday, along with further gains for tech stocks, helped Wall Street end October on a positive note. The three major indexes tallied their best monthly gains since February. Mondelez (MDLZ.O) jumped 5.4 percent after the Oreo cookie maker […]

Morgan Stanley quits brokerage industry pact on recruiting

Morgan Stanley quits brokerage industry pact on recruiting

NEW YORK (Reuters) – Morgan Stanley is quitting a pact it signed with rival securities brokerages over a decade ago agreeing not to sue one another when brokers quit to join rivals and take clients with them. FILE PHOTO: The headquarters of Morgan Stanley is pictured in New York, U.S., June 1, 2012. REUTERS/Eric Thayer/File […]

CVS bid for Aetna: A $66 billion bet on cutting drug costs

CVS bid for Aetna: A $66 billion bet on cutting drug costs

NEW YORK (Reuters) – The proposed merger between U.S. pharmacy operator CVS Health Corp and No. 3 health insurer Aetna Inc represents a $ 66 billion bet that insurers can drive down high U.S. drug prices by cutting out the middleman. FILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, […]

As Trump tax comes to floor, failure could spell stocks selloff

As Trump tax comes to floor, failure could spell stocks selloff

NEW YORK (Reuters) – Investors are increasingly pricing in the effect of a corporate tax cut into the shares of U.S. companies, leaving the market primed for a steep sell-off if the Republican-controlled Congress fails to pass one of President Donald Trump’s top priorities. FILE PHOTO: A street sign is seen in front of the […]

SEC fines UBS $3.5 million for overcharging mutual fund customers

SEC fines UBS $3.5 million for overcharging mutual fund customers

(Reuters) – UBS AG (UBSG.S) will pay a $ 3.5 million civil fine to settle U.S. Securities and Exchange Commission claims that it overcharged customers on mutual funds, the regulator said on Friday. FILE PHOTO – The logo of Swiss bank UBS is seen on a branch office in Zurich, Switzerland November 8, 2016. REUTERS/Arnd […]

Global insurers look to raise rates after catastrophic quarter

Global insurers look to raise rates after catastrophic quarter

(Reuters) – Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. A recreational vehicle (RV) that caught fire is pictured following Hurricane Irma in Cudjoe Key, Florida, U.S., September 24, 2017. REUTERS/Carlo Allegri Hurricanes Irma and Maria alone caused as much […]