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BHP works on exiting U.S. oil-and-gas assets

“After months of campaigning by the New York hedge fund, BHP in August said it had determined its U.S. onshore oil-and-gas acreage weren’t core and would in time be sold” writes Robb M for marketwatch.com. MELBOURNE, Australia–BHP Billiton Ltd. (BHP.AU) said work is underway to exit its U.S. onshore oil-and-gas assets, after it sold a small portion of its Hawkville shale acreage in Texas in the recent quarter.As expected, the Australian resources company increased the number of drill rigs operating in the U.S. in a quarter where onshore volumes continued…

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T-Mobile, Sprint Plan Merger Without Selling Assets

“It is still possible that the negotiations between T-Mobile and Sprint will conclude without a deal, the sources have cautioned” writes Liana B for reuters.com. Investors have been waiting for the deal to be announced since Reuters first reported last month that T-Mobile and Sprint were close to agreeing tentative merger terms.However, regulators can only begin reviewing a corporate merger once it has been agreed to and announced.T-Mobile and Sprint have not yet agreed to include such a cap in their merger agreement, though it is possible they will do…

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Markets News 

Insurers’ risk-taking could trigger next financial crisis, IMF warns 

“Insurers pose a mounting threat to the international financial system as they pour money into risky investments to shore up profits, according to market watchdogs” writes Ben Marlow for telegraph.co.uk. There is simply too much money chasing too few yielding assets,” said Tobias Adrian, the IMF’s financial counsellor.Rising stock markets and bond prices have helped to flatter insurers’ results, but could leave them massively exposed if markets take a turn for the worse. “Market risk is rising.Insurers are making more long-term bets and buying up assets that are difficult to…

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Markets News 

FORGET BITCOIN: An $8 trillion bubble in global markets is waiting to pop

“For all the hype about bitcoin, far more investors are exposed to an $8 trillion bubble in financial markets” writes Akin Oyedele for businessinsider.com. But the Fed will have a role to play in reducing the share of government bonds that yield negative.Investors bought these bonds for their perceived safety and because some institutions like banks were required to.Investors, however, aren’t counting on rising inflation, judging by the magnitude of their investments in negative-yielding bonds.All this demand raised the bonds’ prices, pushing their yields below zero in Japan and in…

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BASF to buy seeds, herbicide businesses from Bayer for $7 billion

“BASF has agreed to buy significant parts of Bayer’s seed and non-selective herbicide businesses for 5.9 billion euros ($7 billion) in cash, the two companies said on Friday” reports foxbusiness.com. The sale of the LibertyLink-branded seeds and Liberty herbicide businesses, which generated around 1.3 billion euros of sales in 2016, is a key part of the assets Bayer must sell.But Bayer’s $66 billion deal to buy Monsanto has created opportunities for rivals to snatch up assets it must sell to satisfy competition authorities.BASF, the world’s third-largest maker of crop chemicals,…

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Markets News 

Goldman’s global equity chief sees signs of a market top, but says investors shouldn’t worry

“The investment bank has built a “Bear Market Risk Indicator” to gauge when a market may have topped out” writes David Reid for cnbc.com. “The second point is when you get a bear market it doesn’t start with a huge collapse in one direction.Oppenheimer said using 200 years of U.S. data, Goldman splits bear markets into three categories: cyclical bear markets, which typically relate to the economic cycle; event-driven bear markets (such as a war or oil price shock); and structural bear markets, triggered by structural imbalances and financial bubbles.Goldman’s…

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The Morning Ledger: China’s Capital Control Changes Choke Global Assets

“The Morning Ledger from CFO Journal cues up the most important news in corporate finance every weekday morning” writes Ezequiel Minaya for wsj.com. China’s seemingly insatiable demand for foreign assets has driven up prices for everything from U.S. Treasury bonds to global companies to luxury real estate.Bornstein’s predecessor, Keith Sherin, served as GE’s CFO for 15 years before becoming chief executive of GE Capital. Source: wsj.com Share This:

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Money Milestones: A divorce doesn’t have to be the end of your retirement funds

“Dividing retirement assets in particular can be difficult, since the couple likely planned on retiring together and to share that money, Huminski said” writes Alessandra Malito for marketwatch.com. Divorce, even a simple one, still involves a decent amount of complexity when dividing assets, including retirement savings.Even before getting married, it is good practice to keep records of all investment and retirement accounts and look at account performance as well as balances year to year.Riss didn’t know how much she had in her retirement account, or what her soon-to-be ex-husband had…

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News Platforms 

Smartlands Platform Attracted Early-Bird Investors

“We believe that tokenization of agricultural assets is a great idea given the following” reports newsbtc.com. Innovative monitoring solutions for agriculture that will be introduced by the Platform provides for accountability and high level of transparency.Smartlands is designed to create a new class of low-risk future-proof tokens, secured by real, profitable assets in agriculture and establish an appropriate infrastructure for ICO of such tokens to protect investors from the major risks. Source: newsbtc.com Share This:

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