Saturday , February 25 2017

Australia sells $8.5bn of bonds in biggest-ever sale

Australia sells $8.5bn of bonds in biggest-ever sale

  Bloomberg Australia’s government sold A$11 billion ($8.5 billion) of 11-year debt notes in its biggest-ever bond transaction, as investors hungry for higher yields set aside concerns stubborn budget deficits will cost the nation its AAA credit rating. It’s the third time in less than six months the South Pacific ...

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China insurance watchdog vows to punish speculators

China insurance watchdog vows to punish speculators copy

  Bloomberg The chairman of China’s top insurance regulator vowed to impose “stringent” rules and “severely” punish short-term speculation by insurers, the latest sign of tightening controls on the nation’s industry. The watchdog will also curb “aggressive” pricing and the “unreasonably” high returns of some insurance products, Xiang Junbo, Chairman ...

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Bristol-Myers looms as Pharma’s next megadeal as activists join

Bristol-Myers looms as Pharma's next megadeal as activists join copy

  Bloomberg Bristol-Myers Squibb Co. was once one of the drug industry’s highest-flying companies. Now the pharmaceutical giant has gone from predator to prey, as its sagging stock price has invited in activist investors who are already forcing changes. It announced an agreement with Jana Partners LLC to add three ...

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