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July 22, 2016

Bonds
Fund managers in the Asian nation bought a net 1.72 trillion yen of medium and long term debt abroad  in the seven days ended July 15, the Ministry of Finance said.  They bought a record 2.55 trillion yen of debt the previous week.

Economy 
Verizon Communications Inc. is nearing a deal to buy Yahoo! Inc, beating out rival bidders, people familiar with the matter said.  Verizon is discussing a price close to a$5 billion for Yahoo's core Internet business.

Global 
The rally that sent global stocks to an eight month high this week showed further signs of losing steam as corporate earnings provided no clear signal on the strength of economic growth.  The pound slid after business activity contracted after Brexit vote.

 

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

 


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