HALISTER: Monsanto Said to Reject Bayer Offer, Seeks Higher Price: Reuters

Monsanto Said to Reject Bayer Offer, Seeks Higher Price: Reuters

(Bloomberg) -- Monsanto to reject Bayer’s $122/shr bid, seek higher price, Reuters said, citing people familiar.
  • NOTE: Earlier, MON Would Need >$140/Shr; BASF Could Bid $135/Shr: Bernstein
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BAYN GR (Bayer AG)
MON US (Monsanto Co)

Topics
BGOV Agriculture
First Word DC - Foreign Policy

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UUID: 7947283

HALISTER1: Tightened Rules Help Banks in Long Term, Singapore Group Says

Tightened Rules Help Banks in Long Term, Singapore Group Says

(Bloomberg) -- Rules in Singapore surrounding tax reporting and anti-money laundering have been tightened significantly in past five years, says Tan Su Shan, co-chair of Monetary Authority of Singapore’s Private Banking Industry Group.
  • “While this has resulted in increased costs in compliance and surveillance, it is better for all industry players in the long term as standards are lifted across the board,” Tan says in comments e-mailed Tuesday
  • Tan, also DBS Group’s head of consumer banking and wealth management, responds to request for comment on impact of closure of BSI unit in the city state
  • READ: BSI Unit Shut by Singapore as Swiss Probe Bank’s 1MDB Links
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0206021D MK (1Malaysia Development Bhd)
MASP SP (Monetary Authority of Singapore)
BBTG11 BZ (BTG Pactual Group)

People
Tan Su (DBS Group Holdings Ltd)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: New Home Sales, Richmond Fed Due in 5 Minutes

U.S. ECO PREVIEW: New Home Sales, Richmond Fed Due in 5 Minutes

(Bloomberg) -- Sales of new single-family homes seen rising 2.3% in April to 523k annual rate (forecast range 508k to 533k).
  • In March, new home sales dropped for 3rd month, falling 1.5% to 511k, reflecting weakest pace of demand in West since July 2014
  • Richmond Fed Manufacturing Index seen at 8 in May vs. 14 in April (forecast range 4 to 12); tracks sentiment among manufacturers in Virginia, Maryland, North and South Carolina, District of Columbia, most of West Virginia
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283