Caesars bows to Icahn demands on board, sale still eyed
U.S. casino operator Caesars Entertainment Corp has struck a deal with investor Carl Icahn that appoints three new directors to its board, although the billionaire hedge fund manager continues to press for a sale of the company.
Euro zone’s triple-A bond drought persists after ECB steps away
High-grade euro zone debt remains scarce even though the European Central Bank has stopped its huge purchases of new bonds, intensifying concerns that banks will face future collateral shortages and highlighting the need for safe assets.
EU banks watchdog urges protection of deposits in case of no deal Brexit
The EU banking watchdog has urged member states to offer deposit account protection for customers of branches of British banks in the rest of the European Union in case Britain crashes out of the bloc this month with no deal.
Saipem and former managers face trial in profit warning case
An Italian judge has ordered oil contractor Saipem and former executives to stand trial on charges of market manipulation and false accounting, the company said on Friday, confirming an earlier report.
Deepening downdraft chills factory activity
Factories across the globe slammed on the brakes last month as demand crashed, hit by the ongoing U.S.-China trade war, slowing global growth and political uncertainty in Europe ahead of Britain’s imminent departure from the EU.
JPMorgan keeps Venezuela in emerging bond indexes: fund managers
JPMorgan has retained dollar-denominated debt issued by Venezuela and its state-run oil company PDVSA in a key emerging market bond index as part of its monthly rebalancing, according to two fund managers.
Saipem and former managers sent to trial in profit warning case – sources
An Italian judge has ordered oil contractor Saipem and former executives to stand trial on market manipulation and false accounting charges, sources said on Friday.
China cheers MSCI weight gain, yen takes the strain
World markets enjoyed a lively end to an otherwise slow week on Friday, with Chinese A-shares leaping after MSCI quadrupled their weight in its global benchmarks and strong U.S. economic data lifting the dollar and bond yields.
Glencore cites trade as its ‘foremost risk’, others rising
Miner and trader Glencore said trade barriers are its “foremost risk”, but climate, political, legal and other risks had become more prominent.
William Hill 2019 outlook in line as U.S. expansion ramps up
British bookmaker William Hill Plc said on Friday that 2019 results would be in line with market expectations while reporting a slight dip in full-year adjusted operating profit, as it booked more costs to expand in the U.S.
