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Monthly Archives: March 2018

SoftBank eyes 25 percent Swiss Re stake worth $9.6 Billion

Kazuhiro Nogi | AFP | Getty Images The logo of Japanese mobile provider SoftBank is displayed at an entrance of a shop in Tokyo’s shopping district Ginza on February 8, 2017. Japan’s SoftBank Group is looking to buy a 25 percent stake in Swiss Re AG worth about $9.6 billion …

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Tesla bonds blowout is a warning for risk, credit

Tesla bonds were downgraded by Moody’s to B3 from B2, which also changed the outlook to negative from stable due to the significant shortfall in the company’s Model 3 production rate. The 2025 Tesla bond was yielding around 7.7 percent Wednesday, up from 6.80 percent Tuesday. Yields move opposite price. …

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Japan offers North Korea a bilateral summit ahead of Donald Trump-Kim Jong Un meeting

Jonathan Ernst | Reuters Japan’s Prime Minister Shinzo Abe speaks during a news conference with U.S. President Donald Trump at Akasaka Palace in Tokyo, Japan, November 6, 2017. The government of Kim Jong Un has informed leaders of North Korea’s ruling Korean Workers Party of the possibility of summits with …

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North Korea leader Kim Jong Un’s motives remain shrouded in mystery

SeongJoon Cho | Bloomberg | Getty Images People walk past a television screen showing a news broadcast, featuring North Korean Leader Kim Jong Un during a meeting with with China’s president Xi Jinping, at Seoul Station in Seoul, South Korea, on Wednesday, March 28, 2018. The Trump administration has been …

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Tesla’s junk bond tanks to 87 cents on the dollar after downgrade

Tesla’s bond price plunged Wednesday to its lowest level since the note was issued last year, sending its yield above 7 percent. The price drop came a day after Moody’s Investors Services cut Tesla’s credit rating and changed its outlook to negative, citing doubts about the company’s Model 3 production …

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There’s only one survivor of this year’s cryptocurrency slaughter: VeChain

All of the top 20 cryptocurrencies by market cap are down for the year. Except for one, VeChain. That digital currency has gained more than 28 percent since January 1, which one analyst says is thanks to big-name partnerships and a unique structure that incentivizes investors not to sell. Prices …

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Deutsche Bank reviews structure of investment bank: Source

Krisztian Bocsi | Bloomberg | Getty Images Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany, on Thursday, Oct. 20, 2016. Deutsche Bank is conducting a global review of its investment bank that could result in cost cuts, a person with direct knowledge of the matter said on …

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Buy the dip looks dead as final hour of trading now typically sees selling

Buying on the dip seems out of style in the U.S. stock market, as traders are typically dumping stocks right before the close, according to data from Bespoke Investment Group. “The YTD [year-to-date] pattern has been a very big spike at the open towards highs of the day between 10:00 …

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Hopes are high for Amazon’s entry into health care—as long as they don’t ‘pull a Facebook’

David A. Grogan | CNBC Bill George, Julie Grant and Faisal Mushtaq take part in a panel discussion on “What Will Amazon Do?” during the CNBC Healthy Returns conference in New York on March 28th, 2018. Amazon can reinvent the drug supply chain and infuse transparency into the health-care system, …

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Oil is breaking down as US crude stocks rise, geopolitical risk fades

The oil market’s rally toward 2018 highs broke down on Wednesday as U.S. crude stockpiles jumped, geopolitical tensions faded into the background and a firmer dollar put pressure on the commodity. Futures extended early losses after the U.S. Energy Information Administration reported the nation’s stockpile of crude oil jumped by …

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