News
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China’s service sector activity contracts at record pace in Feb- official PMI
China’s services sector activity
also shrank at a record pace in February, official data showed
on Saturday. -
What’s in a name? Corporate dealmakers tussle over coronavirus references
Many companies negotiating
mergers and acquisitions (M&A) contracts are haggling over
whether the global coronavirus outbreak should offer legal
grounds for the acquirers to walk away from their agreements,
dealmakers say. -
Repatriation flow data indicates U.S. investors still catching up on coronavirus
U.S. fund managers were behind
on factoring in the impact of coronavirus and still have some
catching up to do, according to a read of repatriation flows,
which typically spike in times of caution, policy and risk
analysis firm Exante Data said. -
UPDATE 1-Intesa, UBI line up advisers to face off in takeover battle
Intesa Sanpaolo said on Friday it
had hired JP Morgan, Morgan Stanley, UBS and local broker Equita
SIM to complete a team of advisers led by Mediobanca supporting
Italy’s biggest retail bank in its takeover offer of rival UBI
Banca. -
Goldman Sachs Asset Management added to stocks portfolio as markets tumbled
Portfolio managers at Goldman Sachs Asset
Management have used the recent selloff in global stocks caused
by the coronavirus as an opportunity to take positions in a
range of companies focusing on everything from concerts to
cosmetics.