HALISTER: Linde Says It Could Miss May 10 Target Date for Praxair Deal

Linde Says It Could Miss May 10 Target Date for Praxair Deal

(Bloomberg) -- No guarantee that an agreement will be in place by Linde’s annual general meeting on that day, spokesperson says by phone.
  • Co. needs to make sure agreement is watertight before signing: spokesman
  • NOTE: Apr. 3, Linde Showdown Looms on Praxair as Reitzle Opposes Labor

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
LIN GR (Linde AG)
PX US (Praxair Inc)

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UUID: 7947283

HALISTER1: Buy Low-Coupon Italian Bonds Ahead of French Election: UniCredit

Buy Low-Coupon Italian Bonds Ahead of French Election: UniCredit

(Bloomberg) -- Investors should go long on low-coupon Italian bonds as first round of French presidential election draws near, UniCredit strategist Elia Lattuga writes in note.
  • Suggests buying BTP 1.65% March 2032, 2.45% September 2033 and 2.25% September 2036 over high-coupon BTPs with similar maturities
  • With the French election less than a week away, “sovereign credit spreads have backed away from recent highs but are still reflecting lingering risk,” he writes
  • “The high-low coupon trade on extra-long BTPs has proven to be a reasonable hedge against swings in the OAT-bund spread over the recent past”
  • NOTE: Twice-Bitten Traders Take No Chances With French Election Risk

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2103Z IM (Republic of Italy)
UCG IM (UniCredit SpA)

People
Elia Lattuga (UniCredit SpA)

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UUID: 7947283

HALISTER1: BI Europe Financial Policy Tracker Key Events: FCA Plan, E-Money

BI Europe Financial Policy Tracker Key Events: FCA Plan, E-Money

Alert: HALISTER1
Source: BI (Bloomberg Intelligence)

Tickers
AAPL US (Apple Inc)
BLK US (BlackRock Inc)
JPM US (JPMorgan Chase & Co)
8604 JP (Nomura Holdings Inc)
PYPL US (PayPal Holdings Inc)

Topics
BI Analysis

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UUID: 7947283

HALISTER1: INDIA RATINGS: Earthcon Developers Cut; Gugan Knitwears Raised

INDIA RATINGS: Earthcon Developers Cut; Gugan Knitwears Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADE
  • Earthcon Developers
    • Fund-based limits cut to B from B+ at ICRA
    • Cites high funding risks of the company due to increase in scope of project, low sales velocity and upcoming repayments
UPGRADES
  • Gugan Knitwears
    • Term loan raised to BB+ from BB- at ICRA
    • Cites steady improvement in the financial profile of the group
  • Sri V.N.S. Spinning Mills
    • Term loan raised to B- from C+ at ICRA
    • Cites steady improvement in financial profile

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: RBA Due to Release Minutes From April Rate Meeting in 5 Minutes

RBA Due to Release Minutes From April Rate Meeting in 5 Minutes

(Bloomberg) -- The Reserve Bank of Australia is scheduled to release minutes from its April 4 policy setting board meeting at 11:30am local time.
  • RBA kept its cash rate target unchanged at 1.5% at its April meeting while noting that labor market indicators have softened recently; see story

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
40005Z AU (Reserve Bank of Australia)

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UUID: 7947283

HALISTER: Trump Seeks Shift in Visa Allotments Crucial to Tech Outsourcing

Trump Seeks Shift in Visa Allotments Crucial to Tech Outsourcing

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
HPE US (Hewlett Packard Enterprise Co)
CTSH US (Cognizant Technology Solutions Corp)
TCS IN (Tata Consultancy Services Ltd)

People
Donald Trump (United States of America)

Topics
Bloomberg Politics

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UUID: 7947283