Updated from 9:13 a.m. EST After a string of disappointing economic reports that raised fears of a double-dip, the bulls welcomed Friday’s better-than-feared jobs numbers with open arms.The U.S. …
Politics make strange bedfellows but so do capital markets. In recent weeks, mega-bear Robert Prechter and
Just when we thought the recession was behind us, recent cracks have emerged in America’s recovery: Home sales are down, consumer confidence fell sharply last month and the stock market has gone sideways since peaking in mid-January. Februa
Swiss commodity trader Glencore buys back its prized Prodeco coal operations in Colombia from mining group Xstrata. Analysts reckon the deal is worth around $2.5 billion to $2.7 billion — making it an easy decision for Glencore to exercise its option to buy as it values the mines at $4-$5 billion, a source says.
China Life Insurance Co, the world’s biggest life insurer by market value, is looking to buy a bank, its chairman says. It
would be following peers as China relaxes restrictions on banks and insurance companies investing in each other.
In other M&A and corporate finance news reported by Reuters and other media on Friday:
Brookfield Asset Management is looking at a $3.6 billion listing of its Australian office portfolio to take advantage of
improving tenancy levels, the Australian Financial Review says.
British fund firm Jupiter Asset Management is renegotiating its loans with investors, ahead of a possible listing, the Financial Times reports.
Vivendi, Europe’s largest entertainment group, is scouting for opportunities to invest in Brazil’s mobile phone market, the FT says.