HALISTER: Google’s Greene Hastens Cloud Expansion in Race With Amazon

Google’s Greene Hastens Cloud Expansion in Race With Amazon

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
GOOG US (Alphabet Inc)
AMZN US (Amazon.com Inc)

People
Diane Greene (Google Inc)
Lawrence Ellison (Oracle Corp)
Tony Safoian (SADA Systems Inc)
Urs Holzle (Google Inc)

Topics
Who's News - People

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UUID: 7947283

HALISTER1: Barclays Sees Little Chance of Emerging Market Rally Holding

Barclays Sees Little Chance of Emerging Market Rally Holding

(Bloomberg) -- “We do not think the Q1 EM rally has initiated a period of sustained outperformance by EM equities,” analysts at Barclays including Ajay Rajadhyaksha say in e-mailed note.
  • “Emerging-market equities were an improbable hero of Q1” but it wasn’t broad rally as large Asian markets lost ground through mid-March
  • “We are sceptical that the Q1 rally in commodities, in particular oil, will persist into Q2”
  • “Both commodity-intensive and manufacturing economies are
at risk of continued pressure from an extended period of weak demand growth from China”
  • “Although fear of the Fed has at times been exaggerated, a new possible round of dollar strength against EM currencies remains a threat that should cap further upside”
  • Fundamental backdrop for bonds, FX “only marginally better than for equities”
    • “But like Q1, the asset class has pockets of underappreciated value in sovereign, quasi-sovereign, and corporate credit”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Ajay Rajadhyaksha (Barclays PLC)

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UUID: 7947283

HALISTER1: Brussels Blast May Swing Brexit Vote on Security Doubts: Eurasia

Brussels Blast May Swing Brexit Vote on Security Doubts: Eurasia

(Bloomberg) -- There’s growing perception the EU is failing on terrorism and security, which could swing the outcome of the U.K. union membership referendum in June, Eurasia analyst Mujtaba Rahman writes in e-mailed comments, after reported explosions in Brussels.
  • The security environment in Europe this year increases political and business risk
  • NOTE: BofAML, Credit Agricole say Brussels incident raises concern over a potential U.K. exit from EU
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Mujtaba Rahman (Eurasia Group)

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UUID: 7947283

HALISTER1: Philippines Files Money Laundering Complaint Vs 2 More People

Philippines Files Money Laundering Complaint Vs 2 More People

(Bloomberg) -- Anti-Money Laundering Council filed criminal complaint at DOJ against 2 more people in connection with $81m stolen funds from Bangladesh reserves, according to copy of complaint.
  • Named respondents were Kam Sin Wong alias Kim Wong and Weikang Xu, who were said to have received part of funds, according to complaint, citing investigation and testimonies at Senate hearing last wk
  • Wong, president and general manager of Eastern Hawaii, received 1b pesos from remittance co. Philrem on Feb. 10 and Feb. 11, council says, citing probe; Wong withdrew total of 1.3b pesos from PNB accounts from Feb. 10 to Feb. 26 that have since been frozen: complaint
  • Philrem transferred $30.6m to Chinese national Xu from Feb. 5 to Feb. 13, according to complaint, citing testimony given at Senate hearing
  • Philrem President Salud Bautista was at hearings last week and charges against Xu were based on her testimony
  • Wong and Xu could not be reached to comment on allegations
  • NOTE: Wong willing to face accusers, his lawyer Victor Fernandez told senators on March 17 Link
  • NOTE: Philippine Anti-Laundering Agency Says Heist Action Wasn’t Slow Link
  • NOTE: Council filed laundering complaint vs Rizal Bank manager Link
  • NOTE: How $81 Million Slipped Through Philippine Cracks: Timeline Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283