Credit Agricole News
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Financiere Agache SA, the majority owner of French luxury goods maker Christian Dior SA, is seeking to refinance a 500 million-euro ($646 million) loan due next year, according to three people with knowledge of the matter.
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Deutsche Bank AG, continental Europe’s biggest bank, was cut to neutral from overweight by JPMorgan Chase & Co., which said tighter regulation threatens capital levels.
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China’s overnight money-market rate rose for a ninth day, the longest stretch since March, as the central bank drained funds from the financial system.
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General Motors Co.’s redesigned full- size pickups are bolstering analysts’ confidence that the automaker’s shares will keep climbing after topping their initial public offering price for the first time in two years.
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The cost of credit-default swaps insuring subordinated European bank debt fell to the lowest in three years amid speculation changes to rules governing the securities will devalue existing contracts.
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Transdev, the mass-transit operator partly owned by Veolia Environnement SA, is selling its German operations as part of a broader asset-disposal plan, two people with knowledge of the matter said.
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The European Union is weighing how far to go in forcing a break up of large lenders as it seeks to prevent banks in the debt-laden bloc from being too big to fail.
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German government bonds rose, with 10-year yields dropping the most in seven weeks, as reports showed U.S. jobless claims increased and euro-area inflation slowed, boosting the prospects of more central-bank stimulus.
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Chinese Premier Li Keqiang signaled policy makers are reluctant to use stimulus to counter a slowdown in the world’s second-largest economy because the risks outweigh the benefits.
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JPMorgan Chase & Co. said China may widen the yuan’s trading band in the next three months after the foreign-exchange regulator announced rules to deter speculative funds from betting on appreciation.
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