POLL-OPEC supply, resurgent shale seen keeping oil prices weak *Brent crude seen averaging $61.60 2015- Reuters survey. The Organization of the Petroleum Exporting Countries is likely to decide at its meeting in Vienna next week to keep its joint production target unchanged at 30 million barrels per day but maintain output above that level, analysts said. "That should keep a lid on prices," Carsten Fritsch, senior oil and...
| By: Arpan Varghese and Anupam Chatterjee
This is what markets are watching Friday Be it the result of port strikes or some weird seasonal factor, expectations are U.S. growth contracted in the first quarter and just how much may be an important factor in markets Friday.
| By: Patti Domm
DEALTALK-Debt-laden Fosun's new thirst for equity funding set to intensify *Fosun total debt at $16.7 bln, not far off its market value. HONG KONG, May 29- A $1.2 billion share sale by Fosun International Ltd this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt to fund its huge acquisition ambitions. Led by tycoon Guo Guangchang who models himself on...
| By: Denny Thomas
Goldman Sachs tried to lure Libor trader with $3 mln bonus, court hears LONDON, May 28- Tom Hayes, a former trader charged with conspiring to rig benchmark interest rates, had become such a powerful player in 2008 that Goldman Sachs tried to hire him with a $3 million signing-on bonus, a London court was told on Thursday. Mukul Chawla, prosecuting for Britain's Serious Fraud Office, alleged that Hayes, who joined UBS in Tokyo in 2006, was...
| By: Kirstin Ridley
Rate hike spurs economic growth: Pro Discussing the path for economic growth, with Jurrien Timmer, Fidelity Investments, and Drew Matus, UBS. Matus believes the Fed will hike twice this year.