DELL; Market Cap: N.A. EMC; Market Cap: $53.49bn (as of 16/10/2015) VMware; Market Cap: $28.76bn (as of 16/10/2015) Introduction On October 12, Dell, one of the largest technological corporations in the world, agreed to acquire EMC Corporation, the world’s largest provider of data storage systems by market share. This Read more…
About Square Square is a startup based out of San Francisco that provides Point-of-sale (POS) services across the world. The central premise of Square is to enable small and medium sized businesses to process card based payments at a low and transparent cost. This is achieved through utilizing mobile devices Read more…
Vivendi SA; Market Cap: €30.0bn as of 16/10/2015 In June 2015, Vivendi appointed Vincent Bolloré as the new Chairman of the Supervisory Board. Since then Vivendi has been under the spotlight as it set a different strategy focused on repositioning the group’s activity in Europe and re-entering the telecom and Read more…
Empirical evidence suggests that correlation between asset classes tends to spike during a period of market crisis, because investors panic and sell indiscriminately. This phenomenon is usually short-lived and correlation returns to a normal level as the market stabilizes. During the 2008 financial crisis, this effect was amplified by a Read more…
When someone thinks about the mining industry, there is one name that comes to mind: Glencore (GLEN.L). The Anglo-Swiss company was founded in 1974 as Marc Rich + Co AG, before being renamed Glencore International in a management buyout. The company is specialised in producing, refinement and trading of a Read more…
[edmc id= 3009]Download here the Weekly Market Brief[/edmc] United States October still seems to be a very positive month for US equities. Some analysts pointed it out as the month for a possible rate hike, but it ended up being positive so far, even if uncertainties about the long-awaited rate hike Read more…
Ab InBev; Market Cap: €157.9bn ($179.8bn) as of 09/10/2015 SABMiller; Market Cap: £59.7bn ($91.54bn) as of 09/10/2015 Introduction On Wednesday October 7, Anheuser-Busch InBev announced a £65bn ($99.62) offer, or £42.15 per share, for SABMiller, which was swiftly rejected by the UK based company. It was the third bid Read more…
Blackstone Group LP; market cap (as of 10/10/15): $39.6bn BioMed Realty Trust Inc; market cap (as of 10/10/15): $4.8bn The Deal in Brief On Thursday Blackstone Group LP agreed to buy landlord BioMed Realty Trust Inc, a supplier of office space to healthcare and biotech companies. This represents an Read more…
[edmc id= 2948]BSIC Weekly Market Brief[/edmc] United States The new positive data regarding the labour market and the speech of the FOMC regarding the recent decision of the FED not to hike interest rates have impacted US markets in the past week. For what concerns the labour side, the Initial Read more…
One of the tools traders have found to cope with the shortcomings of the Black and Scholes models has been to allow for non-flat volatilities, which means that the implied volatility of an option does not depend merely on the historical volatility in the underlying, but also on the strike Read more…
Macroeconomic scenario in 1997 In 1997, speculative attacks against the Thai baht forced the country to float and devalue its currency in a move that was followed by the Philippines, Malaysia, Singapore, and Indonesia. Then, Hong Kong stock market experienced a massive decline, which consequently led to losses in markets Read more…
Alibaba Group Holding Ltd (BABA); Market cap (as of 09/10/2015):$170.1bn After a year of the biggest IPO in history, Chinese giant Alibaba is yet again in the spotlight, this time for its poor stock performance. After the initial IPO price of $68, it soon jumped to its highest, $119.15. However, Read more…
BSIC Weekly Market Brief United States The major benchmarks were mixed as worries over China’s waning commodity demand and the potential for new rules on drug pricing gave way to a late-week rally. Stocks fell sharply at the start of the week, reaching back toward the lows that they had Read more…
KKR & Co. LP; Market Cap (as of 03/10/2015): $7.85bn First Data Corporation; Market Cap (as of 03/10/2015): N.A. Introduction On October 1st, 2015 the KKR-owned payment-processing company, First Data, announced the launch of its initial public offering, aiming to raise about $3.7bn. Apart from being the biggest US Read more…
The TMT market underwent profound changes during the last years, consolidating the best practice businesses and asking for a reshape of the others. That is the case of Nokia (NOK). In fact, it gave up to Microsoft the Devices & Services division in 2013 and, at the beginning of August Read more…