HALISTER: Monsanto’s #Monsatan Factor and What Bayer Needs to Do About It

Monsanto’s #Monsatan Factor and What Bayer Needs to Do About It

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BAYN GR (Bayer AG)
MON US (Monsanto Co)
BP/ LN (BP PLC)

People
Hugh Grant (Monsanto Co)
James Courtovich (Sphere Consulting LLC)
Jonas Oxgaard (Sanford C Bernstein & Co Inc)
Robert Fraley (Monsanto Co)

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UUID: 7947283

HALISTER: Vale Says Fortescue Iron Ore Tie-Up Yet to Get Off the Blocks

Vale Says Fortescue Iron Ore Tie-Up Yet to Get Off the Blocks

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
FMG AU (Fortescue Metals Group Ltd)
VALE5 BZ (Vale SA)

People
Andrew Forrest (Fortescue Metals Group Ltd)
Claudio Dos Santos (Vale SA)
Luciano Pires (Vale SA)
Luciano Siani (Vale SA)
Neville Power (Fortescue Metals Group Ltd)

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UUID: 7947283

HALISTER1: INSIDE INDONESIA: Rupiah Falls; BI Statement Dovish: Goldman

INSIDE INDONESIA: Rupiah Falls; BI Statement Dovish: Goldman

(Bloomberg) -- Rupiah declines following yesterday’s BI decision to leave reference rate at 6.75%, as expected; 2016 GDP growth forecast was cut to 5.0%-5.4% y/y.
  • On forward guidance, BI was slightly more dovish than in the previous month, noting that if macroeconomic conditions remained stable, the “room for monetary easing that has been opened may be used at an earlier time,” Goldman Sachs economists write in note received today
    • In press conference, deputy governor noted a 57 bp drop in deposit rates and 22 bp drop in lending rates through April, of the 75 bp cut delivered so far: GS
  • Rupiah drops 0.2% to 13,568 per dollar, falling for third day
  • USD/INR 1-month NDF targets 13,788/13,800 area, consisting of 200-DMA and Feb. 9 high, Axel Rudolph, analyst at Commerzbank, writes in note dated May 19; now down 0.1% to 13,670
  • Five-year credit-protection costs for Indonesia rose 6 bps to 200 bps, highest in a month, according to CMA New York data
  • Yield on 8.375% govt bond due Sept. 2026 rose 12 bps to 7.804% yesterday, according to IDMA data
  • International investors sold net $52m of Indonesian equities yesterday, according to exchange data
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Axel Rudolph (Commerzbank AG)

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UUID: 7947283

HALISTER: Piper Jaffray Scales Back Financial Coverage as Analysts Depart

Piper Jaffray Scales Back Financial Coverage as Analysts Depart

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
PJC US (Piper Jaffray Cos)
BLK US (BlackRock Inc)
CSGN VX (Credit Suisse Group AG)
AIG US (American International Group Inc)

People
John Nadel (Piper Jaffray Cos)
Daniel Farrell (Piper Jaffray Cos)
Elyse Greenspan (Wachovia Corp)
Jason Weyeneth (Piper Jaffray Cos)
John Hall (Wachovia Securities Inc)

Topics
Financial Firm Departures
Who's News - People

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UUID: 7947283

HALISTER: Green-Tea Sipping Goldman Sachs Alum New CEO at Canada Pension

Green-Tea Sipping Goldman Sachs Alum New CEO at Canada Pension

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
GS US (Goldman Sachs Group Inc/The)
3682Z CN (Canada Pension Plan Investment Board)

People
Mark MacHin (Canada Pension Plan Investment Board)
Marcia Moffat (BlackRock Asset Management Canada Ltd)
Mark Wiseman (Canada Pension Plan Investment Board)

Topics
CEO Interviews

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UUID: 7947283