BNP Paribas analysts said on
Thursday they expect the Federal Reserve would lower key U.S.
lending rates twice this year, in July and September, prompted
by increasing risks to growth from trade tensions and stubbornly
low domestic inflation.
British hedge fund Odey
Asset Management said on Thursday it would reject any offer from
Barrick Gold Corp for its stake in Acacia
Mining Plc that is framed as "best and final," becoming
the second Acacia investor to publicly oppose the Canadian
mining giant's buyout proposal.
European Union finance
ministers are on Thursday discussing new rules that would make
it easier to restructure euro zone sovereign bonds, a draft
document shows - a move that could drive up yields of high-debt
U.S. prosecutors on Thursday
unveiled criminal charges against three more former executives
of collapsed Dubai private equity firm Abraaj Capital Ltd,
accusing them of taking part in a massive international scheme
to defraud investors.
Activist investment firm Jana
Partners said on Thursday it owns a 9.2% stake in Callaway Golf
Co and may push for changes including a possible sale,
sending shares of the golf equipment maker up as much as 16%.