Investors watch the greenback as global stocks rally When planning a longer-term outlook for stocks as earnings season gets underway, investors looking to plan for the final three months of the year are fixed on the strength of the dollar.
| By: Jenny Cosgrave
UPDATE 1-German ball bearings maker Schaeffler cuts IPO size in wake of Volkswagen scandal *Schaeffler float worth 975 million euros. It set a price range for the offer of between 12.00 euros and 14.00 euros, to raise around 975 million euros. "Based on the mid-point of the price range, gross proceeds would amount to approximately 975 million euros, of which approximately 858 million would be attributable to Schaeffler from the placement of the new...
GLOBAL MARKETS-Asian shares, dollar sag on caution before U.S. payrolls China's markets will be closed until Oct. 8 for the National Golden Week holidays. On Thursday, a pair of manufacturing surveys showed persistent weakness in China's factory sector, although they weren't as bad as some had feared. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.3 percent, but still on track for a weekly gain of 0.7...
| By: Lisa Twaronite
Has the market gone loco for CoCo bonds? The post-financial crisis regulatory push has fueled a wave of contingent convertible or "CoCo" bonds, but do either investors or issuers really understand the risks?
| By: Katy Barnato
FOREX-Euro perkier as ECB dampens expectations for imminent stimulus SYDNEY, Sept 24- The euro clung to broad gains early on Thursday, having rallied after the head of the European Central Bank downplayed the need for further monetary stimulus any time soon. The euro bounced above $1.1200 overnight and last stood at $1.1187, pulling away from Wednesday's session low of $1.1105. "If the current rally in EUR/USD extends to re-test the...
| By: Ian Chua
UPDATE 3-Lanxess sells 50 pct in rubber business to Saudi Aramco *Deal values Lanxess rubber ops at 2.75 bln euros incl debt. FRANKFURT, Sept 22- Germany's Lanxess sold 50 percent of its synthetic-rubber business, the world's largest, to Saudi Aramco, partnering with the leading oil firm to gain better access to petrochemical raw materials. The deal values the joint venture that the two companies will set up in the Netherlands...
| By: Ludwig Burger