M&A lending to U.S. blue-chip firms on summer hiatus
NEW YORK (LPC) – Bank lending to high-quality US companies to fund acquisitions has slowed due to concern over government policies amid the summer doldrums, but is expected to pick up after the Labor Day holiday, bankers said.
Instant View: Trump asks SEC to mull half-year corporate filings
U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter.
Britain’s ‘Aramco’ listing category attracts interest from a single firm
Britain’s markets watchdog has so far been contacted by only one company interested in taking advantage of a rule it introduced to attract state-owned firms like Saudi Aramco to London, the regulator told Reuters without naming the firm.
Nasdaq opens lower as chipmakers weigh
The Nasdaq Composite opened lower on Friday as weak forecasts from Applied Materials and Nvidia weighed on chip stocks, while rising crude prices boosted energy stocks and helped the S&P and the Dow Industrials cut their losses.
Tesla’s Model 3 margins could be dented by costly powertrain: UBS
Electric carmaker Tesla Inc’s premium Model 3 sedan will not produce better profit margins than a conventional BMW and the company could actually lose $6,000 on every base model due to higher costs for the powertrain, according to an analyst at UBS.
Oil heads for weekly loss on concerns over trade row
Oil prices rose on Friday but were heading for yet another weekly decline as concerns intensified that trade disputes and slowing global economic growth could hit demand for petroleum products.
Trump asks SEC to mull half-year corporate filings vs. quarterly
U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter.
Tyson buys Keystone from Brazil’s Marfrig for $2.5 billion: sources
Tyson Foods agreed to acquire U.S.-based chicken processor Keystone Foods from Brazilian meatpacker Marfrig Global Foods SA for $2.5 billion, two sources with knowledge of the matter said on Friday.
Currency shocks knock platinum to 10-year lows
Platinum prices tumbled to 10-year lows as the collapse of Turkey’s lira rippled through markets and weakened the currency of top producer South Africa, underlining persistent oversupply of the autocatalyst metal.
Nordstrom shares climb as e-commerce sales boost quarterly results
Nordstrom Inc’s shares surged over 9 percent on Friday, a day after its quarterly same-store sales numbers trounced Wall Street estimates, leaving analysts impressed with the upscale retailer’s online channels and its clear inventories.
