HALISTER1: *COMPUTER SCIENCES TO REPLACE SOUTHWESTERN ENERGY IN S&P 500

*COMPUTER SCIENCES TO REPLACE SOUTHWESTERN ENERGY IN S&P 500

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
CSC US (Computer Sciences Corp)
SWN US (Southwestern Energy Co)

People
David Blitzer (Standard & Poor's Financial Services LLC)

Topics
S&P 500 Stock Market Moves

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UUID: 7947283

HALISTER1: Euronet Writes Mnuchin That MoneyGram/Ant Raises Security Issues

Euronet Writes Mnuchin That MoneyGram/Ant Raises Security Issues

(Bloomberg) -- MoneyGram/Ant Financial deal raises “significant” national security risks that merit careful evaluation, Euronet Worldwide CEO Michael J. Brown writes in letter dated March 27 to Treasury Secretary Steve Mnuchin obtained by Bloomberg News.
  • Say significant risk exists where foreign buyers purchase a company in the money transfer industry
  • Also raises concerns about potential misuses or hacking of highly sensitive information, money laundering or terrorist financing
  • Euronet also sent the letter to at least 16 senators, representatives
  • NOTE: March 26, MoneyGram Enters Confidentiality Pact With Euronet Worldwide
  • NOTE: March 17, MoneyGram-Ant Deal Could Be Shot Down by Cfius, Beacon Says

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
EEFT US (Euronet Worldwide Inc)
MGI US (MoneyGram International Inc)
BABA US (Alibaba Group Holding Ltd)

People
Michael Brown (Euronet Worldwide Inc)
Steven Mnuchin (United States of America)

Topics
First Word DC - Foreign Policy

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UUID: 7947283

HALISTER: PDVSA Said to Be Preparing for Exit of President Del Pino

PDVSA Said to Be Preparing for Exit of President Del Pino

(Bloomberg) -- Venezuelan state oil company is preparing for president Eulogio Del Pino to leave his post by July, according to people familiar with the plans.
  • Oil Minister Nelson Martinez would take over as head of PDVSA and keep both titles, said the people, who requested anonymity because the information isn’t public
  • Del Pino previously held both PDVSA president and oil minister titles until January; Martinez was previously head of U.S. refining unit Citgo
  • PDVSA board was shuffled in January
  • Several refining managers have been replaced in recent weeks
  • NOTE: From March 20, PDVSA Said to Replace Refining Managers as Shakeup Deepens

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
PDVSA VC (Petroleos de Venezuela SA)

People
Eulogio Pino (Petroleos de Venezuela SA)
Nelson Martinez (CITGO Petroleum Corp)

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UUID: 7947283

HALISTER1: Top Turkish Banker Arrested in U.S. in Iran Sanctions Probe (2)

Top Turkish Banker Arrested in U.S. in Iran Sanctions Probe (2)

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
HALKB TI (Turkiye Halk Bankasi AS)

People
Joseph Biden (United States of America)
Mehmet Atilla (Turkiye Halk Bankasi AS)
Michael Mukasey (Debevoise & Plimpton LLP)
Nihat Zeybekci (Republic of Turkey)
Preetinder Bharara (United States Attorney's Office For The Southern District Of New York)

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UUID: 7947283

HALISTER1: PREVIEW: BCB Inflation Report May Show Room for Bigger Rate Cuts

PREVIEW: BCB Inflation Report May Show Room for Bigger Rate Cuts

(Bloomberg) -- (Translated by Google and reviewed by Bloomberg editors.)
  • Market awaits BCB inflation report with majority bets on accelerating the Selic cut from 0.75 ppt to 1 ppt. Even more aggressive cut of 1.25 ppt is not completely discarded, amid expectations with the BC projection for inflation in 2018 - which became the focus of monetary policy - and the reform scenario, which influences the rate structural
  • Median IPCA for 2018 is not changing in Focus research, but average has been falling for more than a month, notes Solange Srour , chief economist at ARX Investimentos, in a telephone interview
  • NOTE: While the median for inflation is 4.5%, the average for the IPCA in 2018 has been falling and is below the target since February 6; In the last survey, was at 4.38%
  • A decline in the median of 2018 would not necessarily be the password to accelerate the Selic cut beyond 1 ppt; There needs to be a combination of factors, not just Focus, says Solange
    • Until next Copom’s decision “we will have IPCA, industrial production and Social Security report in the commission”
  • NOTE: BC’s inflation report will be released on Thursday, starting at 8am, half an hour earlier than in previous releases
  • Market can test the hypothesis of reducing the Selic rate above 1 ppt depending on inflation report projections, said Gustavo Rangel , ING economist for Latin America in NY
    • ING expects cut of 1 ppt at the next Copom, on April 12
    • Recovery of the economy, still incipient, should come from the cut of interest by the BC
    • Meat crisis looks disinflationary and may help further reduce Selic
  • Inflation report should signal stronger Selic drop in April, says Patrícia Pereira , fixed income manager of Mongeral Aegon Investimentos
  • Goldman Sachs, in a report signed by senior economist Alberto Ramos , says that inflation report should help consolidate the growing expectation that Copom will accelerate the magnitude of the cut to 100 bps for at least the next couple of meetings

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Alberto Ramos (Goldman Sachs Group Inc/The)
Gustavo Rangel (ING Groep NV)
Patricia Pereira (Mongeral Aegon Investimentos LTDA)
Solange Srour (Arx Investimentos)

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UUID: 7947283

HALISTER1: UST 10Y Seen Rising as High as 3.5% as Bull Market Ends: Chiron

UST 10Y Seen Rising as High as 3.5% as Bull Market Ends: Chiron

(Bloomberg) -- 10y yield will probably rise to 3%-3.5% range by year-end, says Ryan Caldwell, chief investment officer at Chiron Investment Management, which manages about $500m.
  • “When we look at the rates and credit bull market, we think it’s clearly at its end,” Caldwell says. “We’re now starting to feel that volatility as rates start to normalize.”
  • Chiron is short the belly of the curve in UST as well as 10y German, French, Italian notes
  • “The Fed will drive real rates up, but I don’t think we get a flattening or steepening. The curve parallel-shifts upward a bit.”

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Ryan Caldwell (Chiron Investment Management LLC)

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UUID: 7947283