HALISTER: Facebook Tries (Again) to Take On Google and Twitter With Search

Facebook Tries (Again) to Take On Google and Twitter With Search

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
GOOG US (Alphabet Inc)
FB US (Facebook Inc)

People
Bernard Sanders (United States Senate)
Mark Zuckerberg (Facebook Inc)
Victor Anthony (Axiom Capital Management Inc)

Topics
Turkey Breaking Market News

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Koc Plan to Sell Up to $1b Bonds May Be for M&A: Credit Suisse

Koc Plan to Sell Up to $1b Bonds May Be for M&A: Credit Suisse

(Bloomberg) -- “We view Koc Holding’s recent decision to tap the debt markets for up to $1b while there was no imminent roll-over as a move to pile up ammunition for inorganic growth opportunities,” Credit Suisse analysts including Atinc Ozkan say in e-mailed report on Tuesday.
  • Credit Suisse analysts expect strong dividend influx of more than 800m liras in early April from subsidiaries, growing to 1.8b in 2018; SPV controlling crude oil refiner unit Tupras could start paying out to Koc this yr
  • Credit Suisse raises Koc to outperform vs neutral
  • NOTE: Toshiba in Talks With Arcelik for Sale of Appliance Unit: Kyodo
  • NOTE: Turkey’s Koc Holding to Sell As Much As $1b Debt Abroad
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
KCHOL TI (KOC Holding AS)
ARCLK TI (Arcelik AS)
6502 JP (Toshiba Corp)
TUPRS TI (Tupras Turkiye Petrol Rafinerileri AS)

People
Atinc Ozkan (Credit Suisse Holdings USA Inc)

Topics
Turkey Breaking Market News

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Brazil Swaps Pressured by CPI; Politics Again in Focus: Garde

Brazil Swaps Pressured by CPI; Politics Again in Focus: Garde

(Bloomberg) -- DI rates rise after above-estimates mid-Feb. CPI shows central bank continues to struggle to slow inflation, Marcelo Giufrida, partner at Garde Asset Management, says in a phone interview.
  • “BCB has been behind the curve for years”; central bank will need help of govt fiscal policy to stem inflation
    • Govt faces hurdle to approve fiscal measures given political crisis; ’’the fundamentals are pretty bad’’
  • BRL drops tracking global risk-off sentiment and also local political developments; market more cautious following optimism yesterday that arrest mandate for Workers Party publicist could raise odds of a President Rousseff exit, opening room for a more pro-reform government
    • While the fresh political facts may change the scenario, outcome isn’t expected in the short term; and that’s not strong enough to justify such sharp repricing seen yday, Giufrida says
  • NOTE: BZ inflation index IPCA-15 jumps to highest Since 2003
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Marcelo Giufrida (Garde Asset Management Gestao de Recursos Ltda)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: RATES: 2Y Auction Process to Be ‘Relatively Smooth,’ JPM Says

RATES: 2Y Auction Process to Be ‘Relatively Smooth,’ JPM Says

(Bloomberg) -- Although 2Y yield fell by as much as 22bp since last auction in sector, it has since retraced more than half of that; now trades ~10bp below Jan. auction stop and appears ~5bp cheap “given their fundamental drivers,” JPMorgan strategists led by Jay Barry say in Feb. 22 note.
  • Additionally, 2Y roll opened at +1.5bp and still trades at this level, “underperforming the erosion of carry”
  • $26b 2Y auction at 1pm “should be underwritten with little difficulty”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Jay Barry (JPMorgan Chase & Co)

To de-activate this alert, click here

UUID: 7947283