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National Bank of Canada
18 ноября 2016, 10:15

Доллар торгуется на максимуме с 2003 года

Курс доллара к основным мировым валютам в пятницу растет, находясь вблизи своего максимума с апреля 2003 года, достигнутого ранее в ходе торгов на фоне заявлений главы ФРС США Джаннет Йеллен о дальнейшем курсе развития монетарной политики страны.

08 ноября 2016, 16:24

LendingClub (LC) Jumps on Lower-than-Expected Q3 Loss

Shares of LendingClub (LC) surged over 15% after it reported lower-than-expected third-quarter 2016 loss.

Выбор редакции
07 ноября 2016, 15:24

UPDATE 3-LendingClub posts smaller-than-expected loss, shares soar

* Platform gets $1.3 bln investment from National Bank of Canada

03 ноября 2016, 11:16

National Bank of Canada issues 3.5 bln-yuan in panda bonds in China

THE National Bank of Canada issued 3.5 billion yuan (US$517.8 million) worth of 'panda bonds' in China on Wednesday, the first issuance of such bonds by a foreign financial firm, Xinhua learned from an

07 сентября 2016, 16:16

Canadian Pacific (CP) Board Changes; Bill Ackman Resigns

Bill Ackman resigns from Canadian Pacific board. New directors elected.

03 сентября 2016, 16:54

Vancouver Home Sales Crash 23% In One Month As Prices Tumble

Last week, following the recent dramatic decline to slam the Vancouver housing market after a 15% luxury real estate sales tax aimed at foreign purchasers, ground the local market to a halt, we reported that China's angry consul general to Vancouver lashed out at the local government for finally bursting a housing bubble which doubled Vancouver real estate prices in the past decade. "Why a 15 percent tax? Why now? Why this rate? What’s the purpose? Will it work?" Liu Fei, China’s infuriated consul general in Vancouver, said in an interview with Bloomberg. "The issue is how to help young people afford housing," she added. "I’m not sure even a 50 percent tax would solve the problem."   Arguing that the tax would halt the influx of hot Chinese money into Vancouver - which many have claimed is the reason for Vancouver's stratospheric housing prices - Liu said that "this is a big country with a small population. It needs immigration to grow the economy." The implication was that absent a hospitable housing market where Chinese hot money launderers can park their cash, it is Canada that would suffer. Whether or not the conflicted Chinese consul is correct, remains to be seen, but for now one thing is undisputed: the Vancouver market is being roiled as the latest numbers from the Real Estate Board of Greater Vancouver confirmed. In August, the board reported that Vancouver home sales fell 26% from a year earlier, while prices slid as the 15% tax crimped demand. Compared to July, sales tumbled by 23% to 2,489 transactions. Detached properties were hit hardest as sales dropped 45% from a year earlier. Transactions of attached homes such as town-houses dipped 25% and apartment sales were down 10 percent.   Meanwhile, the average price of detached Vancouver properties crashed, dropping 17% on the month, and 0.6% on the year, to C$1.47 million ($1.13 million) in August, the lowest price since September 2015. Dan Morrison, president of the real estate board, said in the press release that Friday’s data show the tax “appears to have added” to a slowing trend that started several months ago by “reducing foreign buyer activity and causing some uncertainty amongst local home buyers and sellers." “It’ll take some months before we can really understand the impact of the new tax. We'll be interested to see the government's next round of foreign buyer data", Morrison said adding that there’s an “imbalance between supply and demand in most communities", with the supply clearly overwhelming demand. Needless to say, the realtor's group opposed the tax after it was announced as it also applied to pending transactions, leaving many buyers shouldering an unexpected tax and sellers with scuttled deals. He said in the statement the board is seeing fewer detached home sales, particularly in the highest price points. As sales slow and prices cool, new listings of properties increased only slightly from last year, rising 0.3 percent. “What we’ve seen in August is mostly buyers going on the sidelines, either being forced onto the sidelines because they were cut by the sales tax and decided not to proceed with sales, or folks out there saying ‘let’s see how the dust settles,’” Robert Hogue, senior economist at Royal Bank of Canada, told Bloomberg. “So far we haven’t seen necessarily a flood of properties being listed on the market." One look at the chart above, however, and what is so far only a trickle will become a flood shortly as local sellers "on the sidelines" realize just how big the drop now is. Meanwhile, the bursting of the housing bubble is bad news for the local government: as the city cools, governments of all levels are deriving the biggest share of their revenue from housing and related activities, about 17%, in about two decades, according to a National Bank of Canada report this month. Worse, the August swoon is just the beginning: the city is still the least affordable in the country. As reported previously, roughly 90% of a typical family’s income goes to service a mortgage and pay property taxes and utility bills in Vancouver, double the national average, according to a Royal Bank of Canada second-quarter report. The benchmark price of all housing types, a custom measure used by the real estate board which excludes some properties, showed the price of a home on that measure increased 31 percent from a year earlier in August to C$933,100. If the Vancouver bubble has indeed burst, keep an eye on the blue line in the chart above whose rate of fall is only set to accelerate.

Выбор редакции
06 июня 2016, 18:51

Chinese investment draws complex views

THE Chinese are coming! The subject has been hitting the headlines of world media over recent years. “Chinese are taking over the world,” the Guardian exclaimed in 2011; In 2015, Forbes reported about

Выбор редакции
10 марта 2016, 00:15

TD Bank & Other Canadian Banks to Launch Bond, Equity ETFs

Toronto-Dominion (TD), also known as TD Bank, is re-entering the now-booming industry through six new offerings.

08 февраля 2016, 02:39

National Bank of Canada Hit by Maple Bank Probe

National Bank of Canada warned that its regulatory-capital level would take a hit after Germany’s financial watchdog BaFin effectively shuttered one of its foreign investments.

08 февраля 2016, 02:39

Germany Hobbles Unit of Canada's Maple Financial

Germany’s financial watchdog effectively shuttered a unit of Canada’s Maple Financial amid a tax investigation, prompting shareholder National Bank of Canada to warn that its capital level would take a hit.

28 августа 2014, 15:57

Frontrunning: August 28

Clearly it's time to bomb Assad (on Qatar instructions): Islamic State executes dozens of Syrian army soldiers (Reuters) Ukraine Declares Russian Invasion as Sanctions Threat Raised (BBG) Ukraine Reports Russian Invasion on a New Front (NYT) German Unemployment Rises as Risks to Economy Build (BBG) Ebola spreads to Nigeria oil hub Port Harcourt (BBC) FBI Probes Possible Hacking Incident at J.P. Morgan (WSJ) FBI, Secret Service investigate reports of cyber attacks on U.S. banks (Reuters) If you like your Venezuela, you can stay in Venezuela: Airlines Abandon Fliers Amid Currency Dispute (WSJ) Boomer Wealth Dented by Mortgages Poses U.S. Risk (BBG) People Aren't Buying Guns (BusinessWeek) Icelandic Bardarbunga Volcano Update: Fractures, Sinkholes Spotted During Research Flight (Weather Channel) Silva Shakes Up Brazilian Election (FT) Samsung unveils smartwatch that can make calls (Reuters)   Overnight Media Digest WSJ * The Islamic State runs a self-sustaining economy across territory it controls in Syria and Iraq, pirating oil while exacting tribute from a population of at least eight million, Arab and Western officials said, making it one of the world's richest terror groups and an unprecedented threat. (http://on.wsj.com/1lg9Qvt) * The Federal Bureau of Investigation is probing a computer-hacking attack on J.P. Morgan Chase & Co and as many as four other banks, in what people familiar with the probe described as a significant breach of corporate computer security. (http://on.wsj.com/1td4fso) * Argentina's international reserves are starting to dwindle in the wake of the country's second sovereign-debt default in almost 13 years, putting added stress on the peso and an economy believed to be in recession. (http://on.wsj.com/1zHU1Pu) * Alibaba Group Holding Ltd reported big growth in revenue from mobile devices, which may bolster its case next month when the Chinese e-commerce giant begins to pitch investors on its long-awaited initial public offering. (http://on.wsj.com/1qAtKl3) * A federal judge on Wednesday denied a request from Apple Inc to bar Samsung Electronics Co from selling smartphones and tablets in the United States that infringe on Apple patents. Apple had sought a permanent injunction against certain Samsung products after a judge and jury found in May that the Korean firm had infringed on three of its patents in a high-profile intellectual property dispute. (http://on.wsj.com/1tEPAVN) * With Venezuela holding back on releasing $3.8 billion in airline-ticket revenue because of strict currency controls, Delta Air Lines Inc, American Airlines Group Inc and other airlines have slashed service to Venezuela by half since January. (http://on.wsj.com/1pjKopL)   FT The head of the International Monetary Fund, Christine Lagarde, is facing a formal investigation by a French court for alleged negligence in a political fraud affair dating from 2008 when she was finance minister. The European Central Bank has hired BlackRock Solutions to provide consultancy services in its preparations for a programme to buy asset-backed securities. Sales at Tesco slipped 4 percent on a quarterly basis according to industry data, highlighting the wounds inflicted by the supermarket price war on Britain's No.1 grocer. The battle for Brazil's telecoms market is hotting up after one of the country's largest phone companies, Grupo Oi SA , unveiled plans to take over Telecom Italia's local mobile business. Europe's largest budget carrier Ryanair is set to offer "business class" service on all of its flights as it tries to gain a bigger share of the European corporate travel market. Fashion chain Zara, owned by Spain's Inditex, pulled from sale on Wednesday a striped children's top decorated with a large six-pointed star following public outcry that it resembled clothing worn by inmates in Nazi concentration camps during the Holocaust.   NYT * A number of United States banks, including JPMorgan Chase & Co and at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people briefed on a continuing investigation into the crimes. (http://nyti.ms/VREJu6) * Christine Lagarde, the head of the International Monetary Fund, said on Wednesday that French prosecutors had placed her under formal investigation, in an escalation of a long-running inquiry into a murky business affair that dates to her time as finance minister under President Nicolas Sarkozy. (http://nyti.ms/1sBSnfy) * With less than a month before its initial public offering, the Alibaba Group Holding Ltd is intent on showing just how profitable - and focused on mobile - it truly is. The Chinese e-commerce behemoth disclosed on Wednesday that its profit nearly tripled in the quarter that ended June 30, to $2 billion. Its sales climbed 46 percent, to $2.5 billion. (nyti.ms/1tXKbHr) * A British regulator fined Royal Bank of Scotland Group PLC 14.5 million pounds, or about $24 million, on Wednesday for failing to offer proper advice to mortgage customers, and criticized the bank for its delays in responding to the initial complaints. (nyti.ms/1qgvMFK) * Tyson Foods Inc has reached a deal with the U.S. Justice Department to sell its hog-purchasing business as part of its planned $7.7 billion acquisition of Hillshire Brands Co . The Justice Department said Wednesday that it would require Tyson to sell its Heinold Hog Markets unit to win antitrust approval for the merger. (nyti.ms/1rBpkwM) * Lawmakers and governor Jerry Brown of California on Wednesday said they had reached an agreement to expand the California film incentive program, capping a drive by entertainment industry unions, filmmakers and executives to bolster sagging movie and television production in the state. (http://nyti.ms/1qiJBn7) * The Securities and Exchange Commission unanimously approved rules on Wednesday that would require issuers of asset-backed securities - complex investments based on mortgages, auto loans or other types of debt - to disclose more information about the underlying loans. (nyti.ms/1nFOJ14) * Chiquita Brands International and Fyffes PLC tried to reassure investors about their planned merger, saying on Wednesday that they now expected the combined company to achieve an additional $20 million in annual cost savings by 2016. (nyti.ms/1leh17k) * The federal government is expected to finish its fiscal year with a relatively modest budget deficit as the gap between revenue and spending continues a sharp decline, the Congressional Budget Office said Wednesday. (http://nyti.ms/1q6GjEO)   China CHINA SECURITIES JOURNAL - Yu Shengfa, vice president of e-commerce giant Alibaba's future financial company, said the company has submitted applications to related regulators to set up "Ali Bank" which could be approved in September. SHANGHAI SECURITIES NEWS - Shanghai's municipal government has published a document outlining its strategies to develop the city into a global trading centre, including plans to build international trading platforms for commodities such as natural gas and iron ore in its free-trade zone. SECURITIES TIMES - China could implement real estate registration system in 2017, said Leng Hongzhi, an official at the Ministry of Land and Resources. CHINA DAILY - Lenovo Group Ltd will soon settle a year-old class action lawsuit over laptop malfunctions in the United States for approximately $70 million. Britain The Times SALMOND'S SCOTLAND WILL LIVE IN ETERNAL POVERTY, SAYS BROWN Inequality and poverty could "survive until doomsday" if Alex Salmond wins Scotland's independence referendum, according to former British Prime Minister Gordon Brown. TESCO'S WOES DEEPEN AS SHOPPERS CHECK OUT Sales at Britain's largest supermarket group have plunged and its market share has slipped again, highlighting the challenge facing Dave Lewis, Tesco's incoming chief executive. The Guardian DAVID CAMERON MULLS JOINING OBAMA IN BOMBING ISIS IN IRAQ David Cameron is planning to indicate to U.S. President Barack Obama and other NATO leaders at a summit in Wales next week that Britain is keeping open the option of joining the United States in launching air strikes against forces of the Islamic State in Iraq. CHRISTINE LAGARDE TO BE INVESTIGATED FOR ALLEGED ROLE IN POLITICAL FRAUD CASE The head of the International Monetary Fund, Christine Lagarde, has been charged with "simple negligence" over her handling of a controversial 400 million euro payout to French business tycoon Bernard Tapie when she was finance minister. The Telegraph DECLARE THE SOCIAL MIX OF YOUR STAFF, BRITISH COMPANIES TOLD Alan Milburn, head of the Social Mobility and Child Poverty Commission, condemns the scale of "elitism" at the top of British public life as he calls for companies to engineer a more socially balanced workforce. Sky News RYANAIR LAUNCHES 'BUSINESS CLASS' BENEFITS The no-frills carrier sees advantages of offering the business traveller a more flexible experience as part of its new approach.   Fly On The Wall Pre-Market Buzz ECONOMIC REPORTS Domestic economic reports scheduled for today include: Second estimate of Q2 GDP at 8:30--consensus up 4.0% Jobless claims for week of August 23 at 8:30--consensus 300K Pending home sales index for July at 10:00--consensus up 0.5% for the month ANALYST RESEARCH Upgrades Cott Corp. (COT) upgraded to Buy from Hold at Stifel First Horizon (FHN) upgraded to Outperform from Market Perform at Keefe Bruyette National Bank of Canada (NTIOF) upgraded to Perform from Underperform at Oppenheimer Randgold Resources (GOLD) upgraded to Neutral from Underweight at HSBC Downgrades Brown Forman downgraded to Hold from Buy at Deutsche Bank GT Advanced (GTAT) downgraded to Underperform from Market Perform at Raymond James Genuine Parts (GPC) downgraded to Neutral from Buy at SunTrust InterMune (ITMN) downgraded to Neutral from Buy at UBS Sungy Mobile (GOMO) downgraded to Perform from Outperform at Oppenheimer Visa (V) downgraded to Market Perform from Outperform at Raymond James Williams-Sonoma (WSM) downgraded to Equal Weight from Overweight at Morgan Stanley Initiations Advance Auto Parts (AAP) initiated with a Buy at SunTrust Allstate (ALL) initiated with a Neutral at Compass Point AutoZone (AZO) initiated with a Neutral at SunTrust Cooper Tire (CTB) initiated with a Neutral at SunTrust Farmland Partners (FPI) initiated with an Outperform at FBR Capital FireEye (FEYE) initiated with a Buy at Stifel GasLog Partners (GLOP) initiated with an Overweight at Barclays Goodyear Tire (GT) initiated with a Buy at SunTrust ITC Holdings (ITC) coverage resumed with an Equal Weight at Barclays Mercury General (MCY) initiated with a Neutral at Compass Point Monro Muffler (MNRO) initiated with a Reduce at SunTrust Monro Muffler (MNRO) initiated with a Reduce at SunTrust O'Reilly Automotive (ORLY) initiated with a Buy at SunTrust PGT, Inc. (PGTI) initiated with a Neutral at SunTrust Safety Insurance (SAFT) initiated with a Buy at Compass Point WEX Inc. (WEX) initiated with a Hold at Deutsche Bank Whole Foods (WFM) initiated with a Neutral at Wedbush COMPANY NEWS DuPont (DD) to pay $1.28 to resolve toxic gas leak allegations with DOJ, EPA Deutsche Bank (DB) fined GBP4.7M by FCA for failing to properly report transactions CME Group (CME) promoted John Pietrowicz to CFO China Recycling Energy (CREG) chairman said its chairman made additional $18.9M investment in the company Lear (LEA) signed a definitive agreement to acquire Eagle Ottawa for $850M Keurig Green Mountain (GMCR) announced the appointment of José Octavio Reyes Lagunes, the retired vice chairman of The Coca-Cola Export Corporation (KO), to its board effective August 25 EARNINGS Companies that beat consensus earnings expectations last night and today include: Violin Memory (VMEM), Workday (WDAY) Companies that missed consensus earnings expectations include: Coty (COTY), Greif (GEF), Exa Corp. (EXA), Sungy Mobile (GOMO), Guess (GES), Bally Technologies (BYI), Gordmans Stores (GMAN) Companies that matched consensus earnings expectations include: Williams-Sonoma (WSM), Jiayuan.com (DATE), DHT Holdings (DHT), Casella Waste (CWST), Tilly's (TLYS) NEWSPAPERS/WEBSITES Hackers targeted JPMorgan Chase (JPM), 'at least' four other banks, NY Times reports FBI investigating whether Russia involved with JPMorgan (JPM) hacking, Bloomberg says GSK (GSK), Shire (SHPG) rumored to be interested in Tekmira (TKMR), Daily Mail says Samsung (SSNLF) hit by new allegations of child labor in China, FT reports Samsung (SSNLF), Lenovo (LNVGY) China supplier rejects child labor claims, Reuters says Judge denies Apple (AAPL) request to block sale of Samsung (SSNLF) devices, AP says Tiffany (TIF) stock should continue higher, Barron's says SYNDICATE Castle Brands (ROX) files $30M mixed securities shelf Gramercy Property Trust (GPT) files to sell 22.24M shares of common stock Nordstrom (JWN) files to sell common stock, no amount given Orient Paper (ONP) raises $2.5M in a registered direct offering Tiffany (TIF) files automatic mixed securities shelf     

12 августа 2014, 17:15

Прогнозы рейтингов для шести канадских банков снижены до негативных

Международное рейтинговое агентство Standard Poor s (S P) понизило до негативных прогнозы рейтингов для шести крупных канадских банков Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce и National Bank of Canada, передает Financial Post.

09 августа 2014, 01:25

S&P cuts outlooks to negative at Canada’s six biggest banks

Canada’s six biggest banks - Toronto-Dominion Bank (NYSE:TD), Royal Bank of Canada (NYSE:RY), Bank of Nova Scotia (NYSE:BNS), Canadian Imperial Bank of Commerce (NYSE:CM), Bank of Montreal (NYSE:BMO) and National Bank of Canada (OTCPK:NTIOF) - had their outlooks cut to negative from stable by Standard & Poor’s because of regulatory changes that could affect bondholders.S&P says the outlook revision reflects its "expectation of reduced potential for extraordinary government support arising from implementation of the proposed new elements of the resolution framework for Canadian banks." Post your comment!

25 февраля 2014, 16:51

Frontrunning: February 25

Turkish PM says tapes of talk with son a fabrication (Reuters) but opposition confirms authenticity, and national TV carriers cut parliament when played live Inside the Showdown Atop Pimco, the World's Biggest Bond Firm (WSJ) Ex-Jefferies Trader’s Customers Say Lies Common Tactic (BBG) Bitcoin exchange Mt. Gox disappears in blow to virtual currency (Reuters) The messenger mania is spreading: SoftBank Said to Seek Stake in Naver’s Line Messaging Unit (BBG) Ukraine Replaces Central Bank Head (BBG) Yup, an actual headline: Harsh weather tests optimism over U.S. economy (Reuters) Hiring of Law Grads Improves for Some (BBG) Easy Currency Bet Gets Harder as the Chinese Yuan Tumbles (WSJ) In Ukraine turbulence, a lad from Lviv becomes the toast of Kiev (Reuters) Buffett Warns of Liquidity Curse, Celebrates Property Bet (BBG) MGM Envisions Spending Up to $10 Billion on Japanese Casino (BBG) 'Pony' botnet steals bitcoins, digital currencies (Reuters)   Overnight Media Digest WSJ * Activist investor Carl Icahn stepped up his attack on eBay Inc on Monday, accusing the online retailer of overlooking conflicts of interest on its board in what amounts to a broadside against a common practice in Silicon Valley. * Bernard Madoff's longtime secretary took the stand in her own defense Monday in Manhattan federal court, testifying she viewed the disgraced financier as her "big brother" and trusted him so implicitly that she never questioned any of his instructions. * The chief executives of six major bitcoin exchanges and businesses pledged a coordinated efforts to assure customers of the security of their funds in response to mounting concern about the future of Japan-based exchange Mt. Gox. * The website of embattled bitcoin exchange platform Mt. Gox was unavailable Tuesday and appeared to have been deleted. * China is projecting fresh increases this year in steelmaking volume and iron-ore imports, underlining the sector's cautiously optimistic outlook on the country's economy as well as the difficulty in retrenching the industry. * Ousted Ukrainian President Viktor Yanukovych was on the run Monday from a new government, which issued an arrest warrant for him on allegations of ordering the "mass murder" of protesters on the streets of Kiev last week. * Under pressure from regulators, several auto makers are preparing to roll out emissions-free cars powered by hydrogen fuel cells instead of gasoline engines. * Sina Corp is aiming to raise roughly $500 million in a second-quarter U.S. initial public offering of the Twitter-like service, according to two people with direct knowledge of the deal.   FT The European Union is expected to lay out tough rules on car emissions in an agreement that would require carmakers to reduce emissions by about 30 percent by 2021. Telenor chief Jon Fredrik Baksaas told telecom leaders at the Mobile World Congress that mobile network operators will need to pump in $1,700 billion by 2020 to meet the growing need of consumers. Brussels has initiated a preliminary probe into the possible breach of state aid rules by the UK when it guaranteed a 75 million pound-loan to Drax Group, operator of Britain's biggest power station. HSBC Chief Executive Stuart Gulliver's base salary increased by a 1.7 million pound "fixed pay allowance" with his 2014 bonus being capped to a percentage of his fixed pay in line with an EU rule. Hans-Jörg Rudloff, regarded as the father of the eurobond market, is set to retire as the chairman of Barclay's investment bank after serving about 16 years at the bank.   NYT * The most prominent Bitcoin exchange Mt. Gox appeared to be on the verge of collapse late Monday, raising questions about the future of a volatile marketplace. * The steel industry is feeling stress as automakers turn to aluminum, and are responding by producing lighter, stronger steel in a bid to retain one of their most important customers Ford Motor Co. * Tax season doesn't usually stir up emotions about the meaning of family and equal rights. But this year is different for the tens of thousands of same-sex married couples who, for the first time, will be required to file federal income tax returns that reflect their married status. Whether couples ultimately owe more in taxes or receive big refunds, for many of them, it will provide a long-awaited sense of validation. * The Justice Department in Washington and the Serious Fraud Office in London have agreed to divide up cases against employees at the center of an investigation into the manipulation of the global interest rate benchmark used for mortgages, credit cards and corporate loans known as the London interbank offered rate, or Libor, according to people briefed on the matter. * Sina Corp, one of China's biggest Internet portals, is preparing an initial public offering in the United States for Weibo, its Twitter-like microblogging service, according to people close to the matter. * Alphonse Fletcher Jr., a flashy hedge fund manager, has been accused of running something akin to a Ponzi scheme, and the pension systems that say he misled them are hoping to get their money back. * Stocks rose on Monday and the Standard & Poor's 500-stock index hit a nominal intraday high, helped by gains in health insurers' shares and optimism about mergers. ()   Canada THE GLOBE AND MAIL * Finance Minister Jim Flaherty said in an interview that Canada's unemployment rate is too high and his government would try and do better at getting Canadians working again as part of commitments made by the Group of 20 countries at a summit over the weekend. * Some of Quebec's fine dining establishments will soon feature meats more commonly associated with bygone rural life after the province agreed to allow some of its most famous chefs to buy and sell hunted wild game. Reports in the business section: * Sun Life Financial Inc will move out of the Toronto tower that has been its head office for 30 years, a sign of what many real estate experts say is the slow migration of Canada's biggest financial district. * U.S. President Barack Obama has signaled he will make a decision about the long-delayed Keystone XL pipeline before summer, allaying concerns that the administration would punt the controversial decision until after mid-term congressional elections in November. NATIONAL POST * Paul Godfrey, president and chief executive of Postmedia Network Canada Corp, is one of three new co-chairs of the Ontario Progressive Conservative party's Toronto Leader's Dinner. * Under a directive imposed at the start of this influenza season, visitors to all British Columbia hospitals and long-term care facilities must don a mask if they have not been immunized. At least three hospitals in Ontario have implemented similar policies. FINANCIAL POST * BlackBerry Ltd appears poised to snatch Ford Motor Co's in-car mobile technology business from Microsoft Corp , highlighting a unit where the Canadian company is the world leader, not playing catch up. * National Bank of Canada, the country's sixth-largest lender, said on Monday that its first-quarter profit rose 9 percent, driven by stronger wealth management and financial markets income.   China CHINA SECURITIES JOURNAL - The Ministry of Commerce said trade in 2014 could be moderately positive, with a possibility of abrupt fluctuation in February as well as the second quarter, driven by seasonal factors. - The Ministry of Land and Resources said it would push forward rural land acquisition reform at the local level, aiming at narrowing down the scope of acquisition, standardizing procedures and improving living qualities of farmers. CHINA BUSINESS NEWS - Real estate industry analysts predicted the performance of China's housing market would diverge in 2014, with firm demand in China's first-line cities including Beijing, Shanghai and Guangzhou, steady price trends in second-tier cities, but downward risks in smaller cities. SECURITIES TIMES - The CSRC said it would provide supportive policies for Shenzhen's innovation in finance to accelerate the development of multi-tiered capital markets. CHINA DAILY -- China is optimistic that a recent visit by a senior Vietnam official will help maintain stability in the disputed South China Sea thanks to "breakthrough" agreements on handling territorial disputes, but the article warned about "external forces" that would try to sabotage the relationship. PEOPLE'S DAILY -- Japan's undisguised efforts to whitewash its war history are preventing it from becoming a normal country and participating in the system of international relations, said an editorial in this mouthpiece of the Chinese Communist Party.   Britain The Telegraph TESCO BRAND HAS 'BAGGAGE', ADMITS CHIEF EXECUTIVE PHILIP CLARKE The Tesco boss will on Tuesday unveil a refreshed strategy for the UK and is expected to sacrifice the company's industry-leading profit margin of 5.2 percent. BRITAIN MUST BUILD 'SPECIAL RELATIONSHIP' WITH CHINA, SAYS MICHAEL FALLON Britain must forge an alliance with China that is as strong as its "special relationship" with the U.S. or it could miss out on the developing nation's huge consumer boom, according to the minister for business and enterprise. NORTH SEA OIL INDUSTRY NEEDS 'URGENT' GOVERNMENT HELP AS EXPLORATION SLUMPS TO ALL-TIME LOW North Sea oil exploration is at a "worrying" all-time low and needs urgent government action such as tax breaks to stimulate drilling, Sir Ian Wood has warned. The Guardian HSBC HANDS ALLOWANCES TO HUNDREDS OF BANKERS TO AVOID EU BONUS CAP A defiant HSBC is handing its Chief Executive Stuart Gulliver allowances worth 32,000 pound a week - on top of his 1.2 million pound salary - to get around the EU's cap on bonuses, in a move that is expected to be replicated by the other high street banks. TESCO IN TALKS OVER STRUGGLING TURKISH BUSINESS Tesco has confirmed it is in talks with several companies over a possible restructuring of its struggling business in Turkey. Last October, Tesco said its business in eastern Turkey could be restructured, but it would not exit the country. The Times HUNDREDS OF SHOPS FACE AXE IN 3.4 BLN STG DIXONS MERGER Landlords fear that hundreds of stores could close if Dixons and Carphone Warehouse merge - a deal that would create a FTSE 100 company worth more than 3.4 billion pounds. HEATHROW WORKERS LOSE JOBS AFTER AIRPORT'S LANDING FEES DEFEAT Heathrow revealed that it had begun a 22 million pound restructuring that will involve reducing the 1,000-strong workforce of its central organisation by a fifth. Sky News NAMES EMERGE FOR RBS JOB AS REVAMP LOOMS Sir Sandie Crombie and Brendan Nelson, who sit on the taxpayer-backed lender's board as non-executive directors, are being discussed as possible successors to Sir Philip Hampton. BANK LEVY DAMAGING CITY, BBA WARNS OSBORNE The UK government's bank levy undermines both its own desire for a stable tax regime and the City's status as a leading financial centre, the industry's main lobbying group has warned George Osborne.   Fly On The Wall 7:00 AM Market Snapshot ECONOMIC REPORTS Domestic economic reports scheduled for today include: December Case-Shiller 20-city home price index at 9:00--consensus up 13.4% y/y February consumer confidence at 10:00--consensus 80.1 February Richmond Fed manufacturing index at 10:00--consensus 5 ANALYST RESEARCH Upgrades Consolidated Edison (ED) upgraded to Overweight from Equal Weight at Barclays Golden Star Resources (GSS) upgraded to Hold from Sell at Canaccord Kindred Biosciences (KIN) upgraded to Outperform from Market Perform at BMO Capital Kinross Gold (KGC) upgraded to Buy from Hold at Canaccord Nordson (NDSN) upgraded to Outperform from Perform at Oppenheimer Peoples Bancorp (PEBO) upgraded to Strong Buy from Outperform at Raymond James TriQuint (TQNT) upgraded to Buy from Hold at Brean Capital Washington REIT (WRE) upgraded to Buy from Hold at Stifel Downgrades Ameren (AEE) downgraded to Equal Weight from Overweight at Barclays Basic Energy (BAS) downgraded to Underperform from Hold at Jefferies Einstein Noah (BAGL) downgraded to Neutral from Overweight at Piper Jaffray FirstService (FSRV) downgraded to Market Perform from Outperform at JMP Securities Greenbrier (GBX) downgraded to Hold from Buy at Stifel HSBC (HSBC) downgraded to Neutral from Buy at Citigroup MarkWest Energy (MWE) downgraded to Hold from Buy at Jefferies Pan American Silver (PAAS) downgraded to Sell from Neutral at Goldman RF Micro Devices (RFMD) downgraded to Hold from Buy at Canaccord RealPage (RP) downgraded to Sector Perform from Outperform at RBC Capital Royal Gold (RGLD) downgraded to Sector Performer from Outperformer at CIBC VIVUS (VVUS) downgraded to Neutral from Overweight at JPMorgan VIVUS (VVUS) downgraded to Underperform from Neutral at BofA/Merrill Initiations Adobe (ADBE) initiated with a Positive at Susquehanna Alaska Air (ALK) initiated with a Buy at Stifel Allegiant Travel (ALGT) initiated with a Buy at Stifel Avago (AVGO) initiated with an Outperform at Raymond James Cara Therapeutics (CARA) initiated with an Overweight at Piper Jaffray Datawatch (DWCH) initiated with an Outperform at William Blair Delta Air Lines (DAL) initiated with a Buy at Stifel Hawaiian Holdings (HA) initiated with a Hold at Stifel Infoblox (BLOX) initiated with a Buy at Deutsche Bank Intrawest Resorts (SNOW) initiated with a Buy at KeyBanc Intrawest Resorts (SNOW) initiated with a Hold at Deutsche Bank Intrawest Resorts (SNOW) initiated with a Neutral at Goldman Intrawest Resorts (SNOW) initiated with an Outperform at Credit Suisse Intrawest Resorts (SNOW) initiated with an Outperform at JMP Securities Malibu Boats (MBUU) initiated with an Outperform at Wells Fargo New Residential (NRZ) initiated with a Buy at Citigroup Ocwen Financial (OCN) initiated with a Buy at Citigroup Procera Networks (PKT) initiated with a Sell at Deutsche Bank Southwest (LUV) initiated with a Hold at Stifel Spirit Airlines (SAVE) initiated with a Buy at Stifel The New Home Company (NWHM) initiated with a Buy at Citigroup The New Home Company (NWHM) initiated with an Outperform at Credit Suisse The New Home Company (NWHM) initiated with an Overweight at JPMorgan Ultragenyx (RARE) initiated with an Overweight at JPMorgan United Continental (UAL) initiated with a Buy at Stifel COMPANY NEWS Home Depot (HD) increased dividend by 21% to 47c Office Depot (ODP) sees total annual run-rate cost synergies of over $600M by end of 2016 Minerals Technologies (MTX) increased offer to acquire AMCOL (ACO) to $42.50 per share Dara BioSciences (DARA) treatment for peripheral neuropathy received FDA orphan designation XOMA's (XOMA) gevokizumab granted FDA orphan status Perry Ellis (PERY) Q4 results impacted by inclement weather PayPal (EBAY) to support Samsung's (SSNLF) mobile fingerprint authentication technology Qualcomm (QCOM) said Samsung (SSNLF) Galaxy S5 features Snapdragon chips AT&T (T), IBM (IBM) announced network security relationship Pactera (PACT): ISS, Glass Lewis recommend going private transaction (BX) EARNINGS Companies that beat consensus earnings expectations last night and today include: Home Depot (HD), Toll Brothers (TOL), GulfMark Offshore (GLF), Chemtura  (CHMT), EOG Resources (EOG), Ferro (FOE), Rosetta Resources (ROSE), StarTek (SRT), Haverty Furniture (HVT), Tenet (THC), SINA (SINA), Live Nation (LYV), Polypore (PPO), Tutor Perini (TPC), Stifel Financial (SF), Frontier Communications (FTR), VIVUS (VVUS) Companies that missed consensus earnings expectations include: Integra LifeSciences (IART), Office Depot (ODP), Seadrill (SDRL), PRGX Global (PRGX), Tredegar (TG),  RealPage (RP), XPO Logistics (XPO), Stone Energy (SGY) Companies that matched consensus earnings expectations include: Hackett Group (HCKT), Retail Opportunity Investments (roic), Nautilus (NLS) NEWSPAPERS/WEBSITES JPMorgan (JPM) planning to cut 'several thousand' jobs in mortgage business, FT reports Verizon (VZ) and AT&T (T) also in talks with Netflix (NFLX) to connect networks, Mashable reports U.K. expected to make it easier for foreign banks (C, UBS, JPM) to open branches, WSJ reports Target's (TGT) Canadian business has been disappointing, NY Times reports Several analysts expect Target (TGT) to slash its share buybacks as it deals with costs tied to data breach, Reuters reports Orange (ORAN), Microsoft (MSFT) in talks for Dailymotion partnership, WSJ reports BlackBerry's (BBRY) design head the latest to leave company, WSJ reports Senate report to reprimand Credit Suisse (CS) for helping tax dodgers, Bloomberg reports LinkedIn (LNKD) expands in China, dealing with censorship, WSJ reports WhatsApp (FB) won't generate significant revenue anytime soon, Re/code reports SYNDICATE Allison Transmission (ALSN) files to sell 25M shares of common for holders Apollo Investment (AINV) files to sell 12M shares of common stock Tornier (TRNX) files to sell 5.12M ordinary shares for holders        

14 февраля 2014, 01:33

Инвесторы пересматривают свое отношение к луни

Рост цен на сырьевые активы и прогнозируемый профицит канадского бюджета, похоже,  заставляет трейдеров пересмотреть свое отношение к луни. Стоимость страховки от дальнейшего снижения канадской валюты опустилась до минимального за последние три года значения, а прогнозы аналитиков по луни являются наиболее оптимистичными с прошлого октября, когда Банк Канады запустил механизм его ослабления. «С таким бюджетом спрос на луни сохранится», - считает Стефании Марион, главный экономист National Bank of Canada … читать далее…

05 декабря 2013, 16:34

Frontrunning: December 5

Apple, China Mobile Sign Deal to Offer iPhone (WSJ) Japan approves $182 billion economic package, doubts remain (Reuters) Volcker Rule Won't Allow Banks to Use 'Portfolio Hedging' (WSJ) He went, he saw, he achieved nothing: Biden's Trip to Beijing Leaves China Air-Zone Rift Open (WSJ) Britain announces sharp upward revision to growth forecasts (Reuters) U.S. Airlines to Mortgage-Backed Debt Top List of Best ’14 Bets (BBG) Thaksin's homecoming hopes dashed as Thai crisis reignites (Reuters) Age of Austerity Nearing End May Boost Global Economy (BBG) - or it may expose that it was just corruption and incompetence at fault all along China aims to establish network of high-level FTAs (China Daily) Moody’s Boosts Spain’s Credit Rating Outlook on Growth Prospects (Bloomberg) ECB Unlikely to Spring Another Rate Surprise (WSJ) GM Pulls Chevy From Europe After Decade as Opel Expands (BBG)   Overnight Media Digest WSJ * Americans with chronic illnesses - who are expected to be among the biggest beneficiaries of the health law - face widely varying out-of-pocket drug costs that could be obscured on the new insurance exchanges. * Vice President Joe Biden told Chinese President Xi Jinping that Washington didn't recognize a Chinese air-defense zone over the East China Sea and was looking to Beijing to reduce regional tensions. * China Mobile signed a long-awaited deal with Apple to offer iPhones on its network, an arrangement that would give the U.S. technology giant a big boost in the world's largest mobile market. * In a defeat for Wall Street, the "Volcker rule" won't allow banks to enter trades designed to protect against losses held in a broad portfolio of assets. * Vikram Pandit, former CEO of Citigroup, is helping to fund an upstart in the peer-to-peer lending industry, joining a growing movement trying to disrupt the traditional banking model. * Six financial institutions were fined $2.32 billion by European regulators for colluding to try to manipulate key interest rates. * General Motors is severing its ownership ties with lender and former subsidiary Ally Financial by selling its remaining stake in a private placement worth about $900 million. * AT&T Inc is considering a bid for a block of spectrum licenses held by Verizon Wireless, setting up a potential contest for the airwaves with smaller rival T-Mobile US Inc people familiar with the matter said. * Qantas Airways Ltd forecast a steep first-half loss, potential asset sales and deep spending cuts that will include the axing of another 1,000 jobs, as it warned of immense challenges in the aviation sector.   FT European Commission charged four biggest global banks such as Deutsche Bank, Societe Generale, JPMorgan and Citi with a 1.7 billion euros penalty in currency rigging scandal. Energy major Gazprom is pushing for peace with Brussels to settle an antitrust probe in Europe. The company's official told The Financial Times that the Russian and the European Commission had agreed to "try to find a mutually acceptable solution". Renewable Energy Systems, which has 21 onshore wind farm projects in the UK, warned of cancelling some of its projects blaming subsidy cuts announced by the British government. London-listed Standard Chartered on Wednesday issued a profit warning and said it expected full-year revenue to be broadly flat compared with 19 billion pounds last year. The bank has been experiencing losses in Korea, a slowdown in its key Asian markets and tougher regulations. New British lender Metro Bank is set to expand in the UK and said it intends to raise 387.5 million pounds via private capital raising from its investors. The bank is aiming to have 200 branches by 2020. A London-based tribunal on Wednesday urged the Competition Commission's to review its decision to force French transport firm Groupe Eurotunnel to pull out of the cross-channel ferry market. The company hailed the tribunal's decision calling it a victory for the consumer.   NYT * After surveillance by the National Security Agency, major Internet companies like Microsoft and Yahoo have moved to strengthen protections of users' data. * Treasury Secretary Jacob Lew will assert on Thursday that the Obama administration's vast overhaul of the financial system is close to accomplishing its goal of shielding society from the dangers posed by giant banks. * More than two dozen of the nation's biggest corporations, including the five major oil companies, are planning their future growth on the expectation that the government will force them to pay a price for carbon pollution as a way to control global warming. * As fast-food workers plan yet another round of one-day strikes on Thursday in cities around the country, labor leaders, economists and industry officials continue to debate the potential effects of raising wages at companies that often assert that such increases would raise consumer prices and shrink the work force. * Jon Horvath's memory failed him again during the insider trading trial of his former boss, Michael Steinberg, once a top trader at the hedge fund SAC Capital Advisors. * China Cinda Asset Management, one of the biggest "bad banks" set up by the Chinese government to absorb deadbeat loans from the rest of the financial system, raised about $2.5 billion in a Hong Kong share sale on Thursday, according to a person familiar with the deal. * The Securities and Exchange Commission said Wednesday that it had settled with Fifth Third Bancorp and its former chief financial officer, Daniel Poston, in a case involving improper accounting for soured mortgages around the time of the financial crisis. * General Motors plans to sell the last of its holdings in Ally Financial, its onetime financing arm, through a private placement of shares, a person briefed on the matter said on Wednesday.     Canada THE GLOBE AND MAIL * A trove of police wiretap evidence replete with allegations of extortion attempts, threats and boasts of numerous photographs of Toronto Mayor Rob Ford using illegal drugs is revealing the extent to which the mayor's behaviour exposed his public office to criminal elements. * The government is blocking attempts to call on key figures in the Senate spending scandal to explain their role in the audit of Senator Mike Duffy's expenses. Reports in the business section: * The Bank of Canada says deep discounting by retailers is spreading disinflation - a byproduct of more consumers crossing the border to shop and the arrival here of U.S. chains such as Target Corp. * National Bank of Canada continues to churn out solid profits from its core operations, but must iron out wrinkles created by one-time items. NATIONAL POST * Toronto Mayor Rob Ford may have offered C$5,000 and a car to two men trying to sell a video of him smoking what appears to be crack cocaine seven weeks before the video was revealed in the media, according to newly revealed portions of a police document. FINANCIAL POST * John Thornton has laid out his vision for Barrick Gold Corp - a more diversified mining company that can tackle big projects by accessing capital and partners in Asia. * CGI Group Inc appeared to weather the storm following a sizable sell-off in October related to its role in the troubled new U.S. health care insurance website, but the stock has fallen on hard times again after a solid run higher in November as questions resurface about the impact the botched site will have on the company's future prospects.   Hong Kong  SOUTH CHINA MORNING POST -- Hong Kong Exchanges and Clearing and Singapore Exchange, rivals for decades, have agreed to co-operate in developing yuan products. The partnership, coming after many years of fierce competition for new listings and products, surprised market observers. (link.reuters.com/gat25v) -- Hong Kong-listed Samsonite International, the world's largest travel luggage maker, plans to open more new stores in Asia and the United States next year in a bid to capture the growing number of travellers in these regions. (link.reuters.com/hat25v) -- Hong Kong Broadband Network plans to ratchet up the competition in fixed-line and Wi-fi services for Hong Kong residential and corporate markets, following strong revenue growth in its first year after a management buyout. (link.reuters.com/kat25v) THE STANDARD -- A further disclosure of interest in Sun Hung Kai Properties showed a 6.32 percent stake transfer to a private banks' trust from the original family. After the transfer, Clariden Leu Trust - a private bank under Credit Suisse - increased its stake to 7.24 percent from 0.92 percent.(link.reuters.com/zys25v) -- Billionaire Cheng Yu-tung's Chow Tai Fook Group is committed to subscribing to the shares of China Creative Home Holding, the third IPO investment by the local tycoon in the fourth quarter. (link.reuters.com/cat25v) -- Mainland and Hong Kong regulators have reached the final stage on mutual recognition of fund products sold in the two jurisdictions. Under the framework, qualified fund products from Hong Kong are to be sold in the mainland and vice versa, said a senior manager at China Securities Regulatory Commission. (link.reuters.com/fat25v) HONG KONG ECONOMIC JOURNAL -- China Huiyuan Juice Group Ltd is selling 75 million new shares, raising HK$382.5 million ($49.34 million) for general working capital and to repay debt. MING PAO DAILY NEWS -- Chinese department store operator Golden Eagle Retail Group Ltd had on Nov 29 increased its stake in rival Parkson Retail Group Ltd by four million shares at HK$2.41 per share, raising the shareholding to 4.64 percent, according to a disclosure from the Hong Kong bourse.   Britain The Telegraph AUTUMN STATEMENT 2013: GEORGE OSBORNE TO AVOID BIG GIVEAWAYS George Osborne will resist the temptation for big giveaways in today's Autumn Statement, as he sets out a long-term plan that will involve "unpopular decisions" to turn the economy around. CENTRICA'S 2 BILLION POUNDS WIND FARM PLAN SNUBBED BY MINISTERS Centrica's plan for a 2 billion pounds wind farm off the coast of Norfolk has been snubbed by ministers, who rejected a request for it to qualify as one of the first wave of new energy projects. The Guardian GOLDMAN SACHS THREATENS TO LEAVE LONDON IF BRITAIN LEAVES EU Goldman Sachs has said it would move much of its European business out of London if Britain leaves the European Union. The warning from the world's most powerful investment bank comes as political pressure for Britain to leave the EU mounts. BRITAIN COULD OPERATE WITH FEWER MOBILE NETWORKS, SAYS THREE CHIEF The number of mobile network operators in Britain could soon drop from four to three, according to the chief executive of the UK's smallest carrier. "Under the right circumstances the UK could operate competitively with three or with five," said Three chief executive David Dyson, predicting a round of consolidation in Europe from 2014. The Times OSBORNE PLANS TAX BREAK FOR PEER-TO-PEER LENDERS Investors in small businesses through peer-to-peer lending websites are to be offered tax breaks by the Chancellor to help to improve access to credit for cash-starved companies. RBS FINED 391 MILLION POUNDS FOR INTEREST RATE-RIGGING Royal Bank of Scotland was among six global financial institutions fined 1.7 billion euros by the European Commission yesterday for forming illegal cartels to rig benchmark interest rates. Sky News ROYAL MAIL AND UNION REACH DEAL ON PAY A proposed deal has been agreed between the Royal Mail and union leaders on pay, pensions and other issues linked to the privatisation of the postal group. The Communication Workers Union (CWU) held off calling strikes so talks could be held. METRO BANK RAISES 385 MILLION POUNDS AFTER BUOYANT DEMAND Metro Bank plans to raise about 400 million pounds from a combination of existing and new investors following buoyant demand for shares in Britain's first new high street lender for more than 100 years.     Fly On The Wall 7:00 AM Market Snapshot ANALYST RESEARCH Upgrades Celgene (CELG) upgraded to Buy from Neutral at UBS CF Industries (CF) upgraded to Neutral from Sell at Goldman Kohl’s (KSS) upgraded to Buy from Neutral at BofA/Merrill Spirit AeroSystems (SPR) upgraded to buy from Hold at Canaccord Tiffany (TIF) upgraded to Conviction Buy from Neutral at Goldman Union Pacific (UNP) upgraded to Strong Buy from Outperform at Raymond James Downgrades Alkermes (ALKS) downgraded to Neutral from Buy at UBS Citigroup (C) downgraded to Hold from Buy at Deutsche Bank Exxon Mobil (XOM) downgraded to Outperform from Strong Buy at Raymond James J.M. Smucker (SJM) downgraded to Underperform from Market Perform at Wells Fargo Morgan Stanley (MS) downgraded to Hold from Buy at Deutsche Bank Initiations Arris (ARRS) initiated with a Buy at Brean Capital Boston Scientific (BSX) initiated with a Hold at Benchmark Co. CommVault (CVLT) initiated with an Outperform at BMO Capital Covidien (COV) initiated with a Buy at Benchmark Co. Lumos Networks (LMOS) initiated with a Buy at Canaccord Radian Group (RDN) initiated with a Buy at Goldman Spirit AeroSystems (SPR) initiated with a Buy at Citigroup         HOT STOCKS GM (GM) announced European brand strategy, to expand Cadillac brand in EU Credit Suisse (CS) to sell German private banking unit to ABN AMRO Disney (DIS) raised annual dividend 15% to 86c per share Aeropostale (ARO) sees closing 40-50 stores in FY14 TD Bank (TD) declared effective 2-for-1 stock split Hershey (HSY) to launch Jolly Rancher brand in India EARNINGS Companies that beat consensus earnings expectations last night and today include: JoS. A. Bank (JOSB), Verint Systems (VRNT), Mavenir Systems (MVNR), Avago (AVGO), Korn/Ferry (KFY), Synopsys (SNPS), Guess (GES), Exa Corp. (EXA) Companies that missed consensus earnings expectations include: Aerie Pharmaceuticals (AERI), New York & Co. (NWY) Companies that matched consensus earnings expectations include: Royal Bank of Canada (RY), Flow International (FLOW), Wet Seal (WTSL) NEWSPAPERS/WEBSITES In a defeat for Wall Street, the "Volcker rule" won't allow banks to enter trades designed to protect against losses held in a broad portfolio of assets, or portfolio hedging, sources say, the Wall Street Journal reports To win more corporate and government clients, Samsung Electronics (SSNLF) has to build a customer-service network to work with enterprises as well as a robust security platform that can meet the needs of the world's most-security-conscious network managers, the Wall Street Journal reports JPMorgan Chase (JPM) is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July, Reuters reports GM (GM) will drop the Chevrolet brand in Europe by the end of 2015 and focus resources on pushing its Opel and Vauxhall brands, Reuters reports The SEC is considering whether proxy advisers have grown so influential in corporate elections that regulators should impose rules to make their business more transparent, Bloomberg reports For Volkswagen (VLKAY), auto sales in India are headed for their first annual drop since 2002, as the German carmaker has captured only a third of the 10% market share it’s targeting and factories are producing about 40% of the cars they are capable of making, Bloomberg reports SYNDICATE American Realty (ARCP) files to sell $150M of convertible senior notes due 2018 American Realty (ARCP) files to sell $225M of convertible senior notes due 2020 Celldex (CLDX) 7M share Secondary priced at $24.50 Del Frisco's (DFRG) 5.39M share Secondary priced at $19.50 Lehigh Gas (LGP) files to sell 3.1M common units representing limited partners Physicians Realty Trust (DOC) files to sell 8.3M common shares of beneficial interest Proofpoint (PFPT) files to sell $150M of convertible senior notes due 2018 Regional Management (RM) 2.04M share Secondary priced at $31.00 Skystar Bio-Pharma (SKBI) files $35M mixed securities shelf US Ecology (ECOL) 2.6M share Secondary priced at $34.00 ACTIVIST/PASSIVE FILINGS Archie Bennett, Jr. reports 6.7% passive stake in Ashford Hospitality(AHP) Gabelli raises stake in Nathan's Famous (NATH) to 13.26% from 12.4% Icahn raises stake in Nuance (NUAN) to 18.72% from 17% Jana lowers stake in Safeway (SWY) to 4.1% from 6.2% Montgomery J. Bennett reports 7.1% stake in Ashford Hospitality (AHP) Teng Yue reports 6.8% stake in iSoftStone (ISS), opposes 'wholly unacceptable' offer        

05 декабря 2013, 10:44

Канада: National Bank of Canada зафиксировал снижение квартальной прибыли

Шестой по величине в Канаде кредитор National Bank of Canada заявил о 4%-ном снижении прибыли в четвертом квартале с окончанием 31 октября, что связано с дополнительными расходами на приобретения и реструктуризацию. Так, чистая прибыль составила C$337 млн ($316 млн) или C$1,89 на бумагу по сравнению с C$351 млн или C$1,97 на акцию годом ранее. При этом скорректированная прибыль за исключением некоторых статей составила C$2,09 на одну акцию, что совпало со средними прогнозами рынка.