Seeking Alpha
  • Today - Wednesday, August 27, 2014

  • 4:32 AM
    • Carlyle Group (NASDAQ:CG) is said to be in advanced talks with China's largest developer, China Vanke (OTC:CVKEY), to buy stakes in nine of its shopping malls.
    • The purchase would give Carlyle access to China's commercial real estate market and a non-binding memorandum of understanding could be signed as early as tomorrow.
    • Sources say the deal could fetch between 6B-7B yuan ($976M-$1.1B) or even be valued at up to 10B yuan.
    | Comment!
  • 4:09 AM
    • President Petro Poroshenko vowed to put together an urgent ceasefire plan to end the crisis in Ukraine's east immediately after meeting with Vladimir Putin.
    • Putin described the negotiations as positive, but says it is ultimately up to Kiev to work out conditions for a ceasefire with separatist rebels.
    • Still, the two seemed to make little progress over their fundamental trade and energy disagreements and Kiev's relations with the EU.
    • ETFs: RSX, RUSL, RSXJ, RUSS, ERUS, RBL, RUDR
    | Comment!
  • 3:36 AM
    • A 5B yaun ($813M) e-commerce joint venture between China's privately-held Dalian Wanda Group, Baidu (NASDAQ:BIDU) and Tencent Holdings (OTCPK:TCEHY, OTCPK:TCTZF) will be announced later this week, Reuters reports.
    • The new venture will unite three of China's most powerful non-state companies, and will be 70% owned by Wanda and 15% held by Baidu and Tencent respectively.
    • Wanda is a commercial property, luxury hotel and film conglomerate.
    | Comment!
  • 2:41 AM
    • Compared to its previous hike, the Japanese government needs to be more cautious regarding its upcoming decision to raise the national sales tax, warns Vice Economy Minister Yasutoshi Nishimura.
    • Nishimura highlights that the sharp decline in consumer spending from the 3% tax hike in April is proving prolonged, and hopes that the Bank of Japan will decide on further monetary easing as appropriate.
    • Meanwhile, Prime Minister Shinzo Abe is to soon decide whether to proceed with the proposed plan of raising the national sales tax even higher, lifting the rate to 10%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, JPMV, QJPN, DXJT, DXJR, DXJH, DXJF, DXJC
    | 1 Comment
  • 2:08 AM
    • HSBC (NYSE:HSBC) declares that it will fight the $250M Keydata lawsuit that alleges it aided a major international fraud.
    • Thousands of U.K. investors lost their money when Keydata collapsed in 2009. The company invested many of its funds in bonds that were issued by Luxembourg-domiciled SLS Capital, which was later liquidated.
    • HSBC is accused of doing little to correct the misleading marketing material that displayed the bank as the bonds’ trustee, and that it did not properly investigate claims that Keydata was an alleged Ponzi scheme.
    • HSBC -3.7% AH
    | 1 Comment
  • Tuesday, August 26, 2014

  • 7:51 AM
    • Making a convenient excuse for Shanghai's biggest decline in two weeks is a heavy slate of IPOs (10) set to begin marketing this week. "IPO share sales will put pressure on market liquidity," says a money manager. "The market may need a breather and consolidation here before finding a direction."
    • Chinese IPOs have been popular this year, sporting an average 94% gain from their issue price.
    • ETFs: FXI, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCA
    | Comment!
  • 7:01 AM
    • Volkswagen (OTCQX:VLKAY) reports sales rose 6.7% in July to 808.5K vehicles.
    • The German automaker has seen sales rise 6.0% to 5.78M vehicles for the first 7 months of the year.
    • Sales in North America are off 2.3% YTD with Volkswagen light on new model introductions.
    | Comment!
  • 6:52 AM
    | 30 Comments
  • 6:19 AM
    • Telefonica’s (NYSE:TEF) board is discussing plans to raise its bid for Vivendi's (OTCPK:VIVHY) GVT to as much as €8B ($10.6B), Bloomberg reports.
    • Previously, Telefonica offered €6.7B for the Brazilian broadband unit.
    • The new bid could be announced before Aug. 28 and even before Telecom Italia (NYSE:TI) puts forward its formal rival bid.
    | Comment!
  • 6:00 AM
     
    • Japan -0.59%.
    • Hong Kong -0.37%.
    • China -0.99%.
    • India +0.10%
    • London +0.15%.
    • Paris -0.06%.
    • Frankfurt -0.25%.
    | Comment!
  • 5:07 AM
    • India’s antitrust regulator has fined major automakers over anti-trust violations, just days after authorities in China imposed similar penalties.
    • The commission found that carmakers were able to charge high prices by providing spare parts only to authorized repair shops.
    • A total fine of 25.4B rupees ($420M) was slapped on 14 automotive groups including Tata Motors (NYSE:TTM) and the local units of Honda (NYSE:HMC), Volkswagen (OTCQX:VLKAY), Fiat (OTCPK:FIATY), BMW (OTCPK:BAMXY), Ford (NYSE:F), General Motors (NYSE:GM), Mercedes-Benz (OTCPK:DDAIY), Nissan (OTCPK:NSANY) and Toyota (NYSE:TM).
    | 10 Comments
  • 4:26 AM
    • The U.S. is preparing an expansion of its military air campaign in Iraq, following President Obama's authorization of surveillance flights to gather intelligence on Islamic State targets in Syria.
    • "The Pentagon is preparing to conduct reconnaissance flights over Syria," says a senior U.S. official. "There is no decision yet to do strikes, but in order to help make that decision, you want to get as much situational awareness as possible."
    • The drones would enter Syrian airspace without the country's approval or authorization.
    • ETFs: GULF, MES
    | Comment!
  • 3:40 AM
    • A fifth McDonald's (NYSE:MCD) restaurant has been closed in Russia, following the ongoing inspections by Rospotrebnadzor - Russia's food safety regulator.
    • Despite the increase in closures, Deputy Prime Minister Arkady Dvorkovich previously highlighted that Russian authorities are not planning on closing the chain in the country, but are rather inspecting sanitary violations.
    | 5 Comments
  • 3:25 AM
    • U.S. District Judge Gray Miller has thrown out an order to seize the tanker carrying $100M worth of Kurdish crude still anchored in the Gulf of Mexico.
    • The high-stakes dispute has heated up over the past month, bringing to the forefront Iraqi Kurdistan's right to produce and sell its natural resources.
    • The current ruling opens up the possibilities of importing the controversial crude, with refiners such as LyondellBasell (NYSE:LYB) saying it would resume purchases once the dispute was settled.
    • Previously: Kurdish crude oil status to be determined today
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DWTI, DNO, SZO, OLO, OLEM, TWTI
    | 1 Comment
  • 2:56 AM
    • President Petro Poroshenko dissolved Ukraine's parliament yesterday, in an expected move which follows the collapse of the country's governing coalition last month.
    • The change comes as Poroshenko heads to the Belarussian capital of Minsk to meet with Vladimir Putin and other EU officials over the crisis in Ukraine's east. The meeting marks the first encounter between the two leaders since June, although many expect that chances of a diplomatic solution remains slim.
    • ETFs: RSX, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR
    | 1 Comment
  • 2:27 AM
    • After conducting a number of recent investigations into Microsoft's (NASDAQ:MSFT) Chinese operations, China's State Administration for Industry & Commerce has found that the company's software sales were not fully transparent, but acknowledged that Microsoft was cooperating with the ongoing investigation.
    • Chinese regulators have recently clamped down on many foreign firms operating in China over anti-monopoly concerns.
    | 6 Comments
  • Monday, August 25, 2014

  • 7:40 AM
    • Management with Hyundai (OTC:HYMLF) meets today with union reps to try to work out a dispute over wages.
    • Workers at company's plants in South Korea boycotted working extra hours during the weekend cutting into the automaker's productivity by an unspecified amount.
    | Comment!
  • 7:29 AM
    | Comment!
  • 7:00 AM
    • Statoil (NYSE:STO) highlights that western sanctions against Russia will slow down the process of getting the go-ahead for some of its joint ventures with Rosneft (OTC:RNFTF).
    • "This will be a more bureaucratic process, so that things will take more time," warns CEO Helge Lund.
    • However, not all projects will be slowed down, as sanctions mainly target shale oil, deep-water oil and Arctic oil production.
    • Statoil says it will stand by its 27-month-old partnership with Rosneft and hopes diplomacy will resolve the standoff between the U.S., Europe and Russia over the crisis in Ukraine.
    | Comment!
  • 6:12 AM
    • France has been thrown into a new political crisis after President Francois Hollande told Prime Minister Manuel Valls to form a new government, following criticism of his policies by the country's Economy Minister Arnaud Montebourg.
    • A statement released by Francois Hollande's office states that a new government will be formed on Tuesday in line with the "direction he (the president) has defined for our country."
    • ETFs: EWQ
    | 3 Comments
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