And currencies ahead of europes close. Speaking of m a, a massive deal in tech. Why cisco bought splunk and what it might mean for more m a in that space. Topping the tape, higher for longer. Are stocks setting up for a test of the august lows . Senior markets commentator mike santoli is with us. Does feel like stocks are playing a catchup to bonds, which were ahead on the higher for longer. To a degree, yeah. Were sort of arguably in that test thats under way. The s p 500 about 0. 50 where it bottomed out in midaugust. Its also the lower quarter ep end of stocks are waiting to see if longer term treasury yields were, perhaps, topping out around those october highs. Now weave clearly broken higher. What happened with the fed yesterday, even in broad strokes, as weve been saying, not a radical change. Theyre done or near done. Any moves come slowly, theyll be careful. They did remove those potential rate cuts, however anything longer than six months is all kind of hazy on the horizon. W
Scher. Alix and David Cameron is about to be questioned by Parliament Members over the future of britain. First, we want to take a look at the second day of relief rally. It seems like the cat is still dead and bouncing. Jon it is a day of gains, but the Prime Minister has started to speak. Lets take a listen to Prime Minister David Cameron. Cameron iter expressed the you ks condolences and to offer assistance. Details are emerging, but we stand as one in our defiance against these barbaric acts. This week marks the centenary of the battle, and there will be a moment of silence on tuesday morning. I will be speaking at a memorial near the battlefield. It is right that the country pauses for the sacrifices of those who lost their lives during that conflict. I shall have further such meetings later today. Mr. Carmichael . May i associate myself with the condolences to all those who have been affected by these dreadful attacks in istanbul . He has served this country. It alone, not done a
To strengthen names like amanda. It is a big day for earnings. Take a look at some of the biggest earnings winners. Vantec names like paypal, robin hood, sophia, surging double digits. Cvs is jumping, too, taking the drug source higher. There is moderna up up 70 leading the s p 500. Ahead, carlisle groups the David Rubenstein will join us with his thoughts on the market rally, the state of public equity, antiInflation Reduction Act. Lets get to this route it was talks surging even as a number of officials came out with a hawkish tone. Here is jim bullard, st. Louis president. We still have some ways to go to get to a restrictive monetary policy. I have argued that with the hotter Inflation Numbers in the spring, we should get to 3. 75 to 4 this year. San francisco fed president mary daly told reuters that if inflation keep soaring, a 75 point basis hike in september may be appropriate. 50 would be reasonable. She said this week that rate cuts in 2023 are not her modal outlook. Joining
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By Pan Yue
11 Mar 2021
Asia’s leveraged buyout loan market is facing a setback after a planned financing to back the acquisition of Mphasis, an Indian IT services firm, was scrapped as discussions between the buyer and seller fell through.
GlobalCapital Asiareported in January that Toronto-based Brookfield, the US’s Carlyle Group and Bain Capital, and UK investment firm Permira were bidding to acquire a 56% stake in Mphasis from Blackstone. The 56% acquisition would have triggered an open offer that would have allowed the winner to
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