HALISTER: Jefferies Said to Hire Lazard Banker Hasiotis as Seagrave Leaves

Jefferies Said to Hire Lazard Banker Hasiotis as Seagrave Leaves

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JEF US (Jefferies Group LLC)
LAZ US (Lazard Ltd)
LUK US (Leucadia National Corp)
BARC LN (Barclays PLC)

People
James Seagrave (Jefferies International Ltd)
Dominic Lester (Jefferies International Ltd)
Fotis Hasiotis (Lazard & Co Ltd)
James Staley (Barclays PLC)
Markus Pressdee (Credit Suisse Holdings USA Inc)

Topics
Who's News - People
Management Changes

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UUID: 7947283

HALISTER1: Brazil Output Adds Relief; Inflation Key for Rates: SulAmerica

Brazil Output Adds Relief; Inflation Key for Rates: SulAmerica

(Bloomberg) -- While output released earlier today adds to signs of relief amid the recession, inflation continues to be decisive for central bank decisions and may lead to rate cut in second half, Newton Rosa, chief economist at brokerage SulAmerica Investimentos, says in a phone interview.
  • April industrial production unexpectedly rose 0.1% vs median est. of -0.9% (prior 1.4%); Rosa forecast was -0.4%
    • IP was second above-est. activity index in a row after yday 1Q GDP that showed recession not as deep as expected
    • “This is another signal that the economy is close to the end of recession”, Rosa says
    • Recent numbers confirm positive trend priorly showed by confidence indexes due to expectations of political shift; weak BRL also has boosted trade balance
    • Rosa reviewed forecast for 2016 accumulated GDP to -3.5% after yday data from -3.8%
    • GDP q/q to continue to be negative in 2Q, at -0.47%, and may gradually recovery to +0.05% in 3Q and +0.23% in 4Q
    • Retails sales may continue to be weak due to high unemployment
  • Gradual recover unlikely to prevent BCB from cutting rates should inflation keep slowing, Rosa says
    • Cuts may start in 2H if inflation in June-July shows slowing results as expected; these numbers are crucial as mark of a seasonally positive period for inflation in Brazil
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Newton Rosa (Sul America Cia Nacional de Seguros)

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UUID: 7947283

HALISTER: Moynihan Sees BofA Trading Revenue Up by Single Digits (Correct)

Moynihan Sees BofA Trading Revenue Up by Single Digits (Correct)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BAC US (Bank of America Corp)
JPM US (JPMorgan Chase & Co)

People
Brian Moynihan (Bank of America Corp)
Daniel Pinto (JPMorgan Chase & Co)
Donald Trump (Trump Hotels & Casino Resorts Inc)
Gary Cohn (Goldman Sachs Group Inc/The)
Wilbur Ross (Invesco Advisers Inc)

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UUID: 7947283

HALISTER: Moynihan Sees BofA Trading Revenue Rising by ‘Single Digits’ (1)

Moynihan Sees BofA Trading Revenue Rising by ‘Single Digits’ (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BAC US (Bank of America Corp)
JPM US (JPMorgan Chase & Co)

People
Brian Moynihan (Bank of America Corp)
Daniel Pinto (JPMorgan Chase & Co)
Donald Trump (Trump Hotels & Casino Resorts Inc)
Gary Cohn (Goldman Sachs Group Inc/The)
Wilbur Ross (Invesco Advisers Inc)

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UUID: 7947283

HALISTER1: North Korea’s Missile Tests Timed to Bolster Standing with China, Analysts Say

North Korea’s Missile Tests Timed to Bolster Standing with China, Analysts Say

Alert: HALISTER1
Source: NYT (New York Times)

People
Kim Jong-Un (Democratic People's Republic of Korea)
Jacob Lew (United States Department of the Treasury)
John Kerry (United States Department of State)
Xi Jinping (People's Republic of China)
Yong-Hyun Kim (Dongguk University)

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UUID: 7947283

HALISTER: Ex-JPMorgan Trader Grout Sues Regulator Over London-Whale Report

Ex-JPMorgan Trader Grout Sues Regulator Over London-Whale Report

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)
0761959D LN (Financial Conduct Authority/The/Old)

People
Achilles MacRis (JP Morgan Chase Bank)
Bruno Iksil (JPMorgan Chase Bank)
Javier Martin-Artajo (JPMorgan Chase Bank)
Julien Grout (JPMorgan Chase Bank Na)

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UUID: 7947283