HALISTER: Murdoch May Get Boost in Pay-TV Battle With Netflix in Australia

Murdoch May Get Boost in Pay-TV Battle With Netflix in Australia

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
NWSA US (News Corp)
NFLX US (Netflix Inc)
3129997Z AU (FOXTEL)
0864724D AU (Foxtel Australia Pty Ltd)
TLS AU (Telstra Corp Ltd)

People
Keith Murdoch (Twenty-First Century Fox Inc)
Brian Han (Morningstar Investment Services Inc)
Ivor Ries (Morgans Financial Ltd)
Stephen Browning (Twenty-First Century Fox Inc)

Topics
Australia International Cricket
Australia Sports - Misc.

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UUID: 7947283

HALISTER1: INSIDE G-10: USD Gains; GBP Eyes PM Question Time, BOE’s Carney

INSIDE G-10: USD Gains; GBP Eyes PM Question Time, BOE’s Carney

(Bloomberg) -- USD advances versus most G-10 peers amid subdued volumes following terror attacks yesterday in Brussels.
  • Macro impact tends to be “limited” after global terror, according to former PIMCO chief El-Erian
  • Fed’s Harker sees ‘strong case’ for Fed to raise rates
  • GBP/USD -0.07% to 1.4198 vs 1.4195/1.4227 range
    • Pair sold by European funds, with momentum sell-stops under 1.4170, trader says
    • BOE governor Carney chairs Financial Policy Committee’s first formal meeting of 2016 and the last before Britain’s June 23 referendum
    • Prime Minister’s question time today (8pm HKT) in parliament likely to include debate on costs of Brexit
  • AUD/USD -0.08% to 0.7616 vs 0.7605/0.7649 range
    • Buying by macro funds helped trigger stops through 0.7643, with corporate sell orders seen around 0.7680, trader says
    • Australia’s economy to expand 0.5% in 1Q, according to results of a Bloomberg News survey of 34 economists
  • NZD/USD -0.24% to 0.6737 vs 0.6727/0.6771 range
    • Kiwi sell stops below 0.6720 in focus, says trader
    • Fonterra sees WMP price rising to $2,500 by Christmas
  • USD/JPY +0.03% to 112.40 vs 112.14/112.47 range
    • BOJ will use all 3 easing types to achieve price target, BOJ’s Funo says
  • EUR/USD -0.10% to 1.1206 vs 1.1204/1.1224 range
    • European macro funds seen buying EUR/GBP is it rises above 0.7910, trader says
    • Options expiring today include 1.1200 strikes for EUR1.24b
  • USD/CAD +0.25% to 1.3082 vs 1.3039/1.3088 range
    • Canada forecasts 2016-17 budget deficit of C$29.4b
  • BBDXY rising for fourth day +0.13% to 1,192.79
  • U.S. Treasury 10-year yield steady at 1.944%
  • S&P futures fall 3 points to 2,039.60
  • Brent crude -1.1%, gold -1.1%, copper -0.3%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Japan Bond Refugees, Cash Rich Best Plays on Negative Rates:Citi

Japan Bond Refugees, Cash Rich Best Plays on Negative Rates:Citi

(Bloomberg) -- Expect BoJ rate to cut rates deeper into negative territory (to -0.3% from -0.1%) in July or thereafter, Citi analyst Naoki Lizuka writes in a note.
  • Recommends “bond refugees” for which one can expect fund
inflows accompanying lower interest rates, cash-rich cos and fiscal policy beneficiaries
  • Likes Takeda, Daiichi Sankyo, Japan Airline, NTT Docomo among bond refugees
  • Prefers Sony, Nintendo, Fanuc on high cash
  • Fiscal policy beneficiaries include NS Solutions, IT Holdings, Nomura Research
  • BoJ may also combine additional easing and QQE in April
  • Possibility of more stimulus, postponement of the consumption tax hike also increases
  • NOTE: Calm Restored in Japan Stocks as Fear Gauge Hits 2016 Low: Chart
  • NOTE: Strategists’ 2016 Forecasts for Japan’s Topix Index (Table)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
4568 JP (Daiichi Sankyo Co Ltd)
6954 JP (FANUC Corp)
3626 JP (IT Holdings Corp)
9201 JP (Japan Airlines Co Ltd)
2327 JP (NS Solutions Corp)

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UUID: 7947283

HALISTER1: INDIA RATINGS: DIL, Trans Tech Cut; Vidhi Dyestuffs Raised

INDIA RATINGS: DIL, Trans Tech Cut; Vidhi Dyestuffs Raised

(Bloomberg) -- Here’s a roundup of debt-rating changes of Indian cos. To get this story sent to your inbox in real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES
  • Arihant Dream Infra Projects
    • Term loans cut to D from BB- at ICRA
    • Cites delays in debt servicing of the bank-sanctioned term loan
  • Choice Precitech India
    • Long-term loan facilities cut to D from B at Crisil
    • Cites instances of delay in servicing debt
  • DIL
    • LT loan facilities cut to BB+ from BBB- at Crisil
    • Cites muted growth in rental cash flows and higher-than- anticipated debt
  • Grow Well Mercantile
    • Non-fund based limits cut to D from A3 at ICRA
    • Cites recent delay in debt-servicing obligations
  • PMA Constructions
    • LT loan facilities cut to D from BB- at Crisil
    • Cites instances of delay in servicing term debt obligation
  • Shree Renuka Sugars
    • Term loans cut to D from BB at ICRA
    • Cites delays in debt servicing in recent past due to stretched liquidity position
  • Trans Tech Turnkey
    • LT loan facilities cut to D from BB+ at Crisil
    • Cites leveraged capital structure, below-average debt protection metrics
UPGRADES
  • Bal Pharma
    • Term loans revised to BBB from BBB- at ICRA
    • Cites steady improvement in capital structure
  • Dinesh Engineers
    • LT loan facilities revised to BB from BB- at Crisil
    • Cites increase in cash generation, improvement in working capital cycle
  • Sri Durga Condev
    • LT loan facilities revised to BBB- from BB+ at Crisil
    • Cites increase in scale of operations, profitability
  • Sai Point Automobiles
    • LT loan facilities revised to BB- from B at Crisil
    • Expects increase in operating income
  • Vidhi Dyestuffs
    • LT loan facilities revised to BBB from BBB- at Crisil
    • Cites increasing revenue, share in the mkt for synthetic food colours
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
DILL IN (DIL Ltd)
0778802D IN (Grow Well Mercantile Ltd)
0989969D IN (SAI Point Cars Pvt Ltd)
SHRS IN (Shree Renuka Sugars Ltd)
VDSM IN (Vidhi Dyestuffs Manufacturing Ltd)

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UUID: 7947283