HALISTER1: Bank of China Settles Italy Money Laundering Case: Document

Bank of China Settles Italy Money Laundering Case: Document

(Bloomberg) -- Bank of China Ltd Milan Branch and four employees settled in Florence case, court document obtained by Bloomberg shows.
  • Bank agreed to pay EU600,000 fine at hearing Friday
  • Four employees sentenced to 2 years for money laundering, sentence suspended
  • NOTE: Bank of China says in e-mailed statement settlement made to avoid lengthy case and to allow Milan branch to focus on its business; adds branch always respected national and international rules
  • NOTE from June 2015: Italy Seeks Charges in Bank of China Money-Laundering Probe (1)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
3988 HK (Bank of China Ltd)

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UUID: 7947283

HALISTER1: Kingdom of the Netherlands - DBRS Rating Report

Kingdom of the Netherlands - DBRS Rating Report

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Source: DBR (Dominion Bond Rating Service)

Tickers
1533Z NA (Kingdom of the Netherlands)

People
Javier Rouillet (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
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Issuer Focused Research

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UUID: 7947283

HALISTER1: TRANSLATION: Estadão: Fachin files investigation filing against Collor in Lava Jato

TRANSLATION: Estadão: Fachin files investigation filing against Collor in Lava Jato

Alert: HALISTER1
Source: BES (Bloomberg Editorially Selected)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Luiz Edson Fachin ((BRA)Federal Supreme Court)
Rodrigo Janot (Federative Republic of Brazil)

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UUID: 7947283

HALISTER: GM, Peugeot Said to Discuss $2 Billion Valuation for Opel Unit

GM, Peugeot Said to Discuss $2 Billion Valuation for Opel Unit

David Welch (Bloomberg) -- The carmakers discussing sale of GM’s Opel to PSA Group for ~$2b, say people familiar with the matter, asking not to be identified because the talks are private.
  • The price tag includes paying ~$1b in cash, assuming ~$1b in liabilities
  • The manufacturers are targeting reaching a framework agreement as soon as Thursday, when PSA reports erns
  • Negotiations have accelerated since news of the possible deal broke; transaction could still fall apart
  • Key sticking point is identifying ways to cut costs that unions, govts would support
  • Carmakers also looking at how to make sale financially feasible, given Opel, PSA overlapping model lines, auto- industry overcapacity
    • NOTE: GM’s Plan to Sell Opel Gains Traction as Workers Warm Up to PSA NSN OLISDJ6K50Y9
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
GM US (General Motors Co)
UG FP (Peugeot SA)

Topics
Global Featured Stories

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HALISTER1: Republic of Turkey - Rating Report

Republic of Turkey - Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
114144Z TI (Republic of Turkey)

People
Fergus McCormick (DBRS Inc)
Rohini Malkani (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
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UUID: 7947283

HALISTER1: iTraxx Snr Financial CDS Restoring Widening; 96bps Back in Focus

iTraxx Snr Financial CDS Restoring Widening; 96bps Back in Focus

(Bloomberg) -- iTraxx Europe Senior Financial CDS index is mounting another widening phase after recent corrective spell abates near important support concentrated in the 90bps region, Bloomberg technical analyst Sejul Gokal writes.
  • See live chart here; CDS index (CBIL source) now at 93bps, 10bps wider since late January as political uncertainty drives higher cost of financial protection
  • 100/200-DMA’s around 96bps are near-term objectives
  • Additional resistance at 97bps, the halfway point of November-January tightening phase and then head-and- shoulders measured objective at 100bps, right near the 61.8% Fibonacci
  • Tactical pullback since Feb. 8 cushioned against head-and- shoulders neckline and 26-day EMA at ~90bps
  • Momentum stays bullish with MACD settled above zero, which keeps the widening theme in play
  • German curve bull flattens, as stocks fall, swap spreads widen across the curve, with risk-off moves through markets on French presidential election developments
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Leading Indicators Due in 5 Minutes

U.S. ECO PREVIEW: Leading Indicators Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • LEI 0.5% m/m; range 0.1% to 0.8% (38 estimates)
    • LEI has been on the rise since September; registered average monthly increase of 0.1% for all of 2016
    • "Amid heightened business and consumer confidence, the index warrants attention": Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283