Teva has offered to buy Mylan for about $40.1 billion in cash and stock in a deal that would create a powerhouse of generic drug development. If Teva manages to acquire Mylan under the offer announced …
Global stock markets rose on Tuesday, helped by upbeat European earnings and U.S. earnings that were not as bad as feared, but the euro fell on worries about possible Greek loan defaults. In Europe, Publicis (PUBP.PA), Sky (SKYB.L) and ARM Holdings (ARM.L) all rose more than 4 percent after reporting results, with the overall picture of a weaker euro and improving economic conditions driven by the European Central Bank’s (ECB)
Investors should rotate out of the U.S. markets into better-performing emerging markets, says veteran investor Mark Mobius, warning that corporate earnings in the world’s number one economy are poised to disappoint.
Authorities from municipalities across Greece will hold an emergency meeting Tuesday after the government ordered reserves from state enterprises to be placed in a common account to help the country meet …
Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran’s oil minister was quoted on Tuesday by state news agency IRNA as saying. “We expect the members of OPEC to pave the ground for (an) increase of Iran’s oil production that will reach global markets when sanctions are lifted,” Bijan Namdar Zanganeh said during a
U.S. stocks rose on Monday, reversing much of the previous session’s sharp decline, as China’s steps to stimulate its slowing economy and as earnings lured money back into equities.
Running out of options to keep his country afloat, Greek Prime Minister Alexis Tsipras ordered local governments to move their funds to the central bank. With negotiations over bailout aid deadlocked, Tsipras needs the cash for salaries, pensions and a repayment to the International Monetary Fund. “Central government entities are obliged to deposit their cash reserves and transfer their term deposit funds to their accounts at the Bank of Greece,”
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U.S. stocks gained more than 1 percent on Monday amid an unexpected stimulus from China’s central bank as investors kept eyeing corporate earnings.
Oppenheimer’s Ari Wald says the chart of crude reminds him strongly of 2009. And that’s good news for the oil bulls.
