TPG and Goldman Sachs's private equity arm are close to a deal to buy Ontex, the European private-label diaper maker, from buyout firm Candover for 1.2 billion euros ($1.5 billion) or more, people familiar with the matter said.
Gold ticked up on Monday after a drop in the U.S. dollar spurred bargain hunting, with firmer stock markets helping investors shrug off a slight decline in ETF holdings.
Jewellers were on the sidelines after buying heavily on Friday, when bullion fell to a five-week low. With U.S. investors away for a holiday, the metal was likely to trade in a tight range of $1,210 to $1,215 an ounce.
Asian stocks edged up on Monday, with investors taking profits on defensive plays and buying back other beaten down shares, though selling could resume shortly as the U.S. and Chinese economies are slowing in tandem.
Oil rebounded from three-week lows on Monday, staying above $72 as the market assessed the implications of a slowing global economic recovery on energy use.
Rising stock markets in Asia prompted participants to cover short positions in a trading session where volumes were expected to be thin because of the U.S. Independence Day holiday.
Only China's yuan could rank with the dollar and euro as pillars of the global monetary system, given time and five key tests, Hong Kong's former Monetary Authority chief Joseph Yam was quoted as saying.
Samsung Electronics' second-half performance might be hit by weak European markets, and the launch of its new smartphones is key as the world's No. 1 memory chipmaker is set to report a record quarterly profit.
The Australian Dollar has opened up in the high 0.8300's this morning after struggling on Friday evening's trade to fall short of 0.8500, following the new Prime Minister Julia Gillard announcement of a compromise position on the RSPT (Resource Super Profits Tax) which became the MRRT (Mineral Resource Rent Tax).
The Australian Dollar has failed to hang onto the gains made last Friday following the announcement by the Australian Government of a resolution to the resource super profits tax issue.
Central banks may be the only remaining line of defense against a scary-but-remote double-dip recession threat.
Gulf coast beaches, normally packed on Independence Day, were quiet on Sunday as workers cleaned up tar balls from BP's leaking oil well while the company was reported to be taking steps to ward off potential takeover bids.
Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend this week.
Only China's yuan could rank with the dollar and euro as pillars of the global monetary system, given time and five key tests, Hong Kong's former Monetary Authority chief Joseph Yam was quoted as saying.
Euro zone growth in 2010 could be closer to zero after a volatile second quarter threatens to dash previous estimates of 1 percent, U.S. economist Nouriel Roubini said on Sunday.
Troubled oil giant BP could get a reprieve from Middle East financial institutions looking to make a strategic investment in the company, a UAE-based newspaper reported on Sunday, citing informed sources.
A supertanker adapted to scoop up oil from the BP spill in the Gulf of Mexico began tests on Saturday amid a report that some major investors expect the energy giant to replace its top executives.
An International Monetary Fund mission said on Saturday it had agreed to recommend a loan of $14.9 billion for Ukraine in a deal to help fill the country's budget gap and boost investor confidence.
BP's oil spill clean-up efforts in the U.S. Gulf of Mexico were returning to normal on Saturday, amid a report that some major investors expected the British energy giant to replace its top executives.
EADS Chief Executive Louis Gallois on Saturday slammed arch-rival Boeing's propaganda campaign over a World Trade Organization panel ruling and said it was a sign of fear ahead of a decision on a hotly contested U.S. aerial tanker contract.
Ukraine came closer on Saturday to winning a bailout from the International Monetary Fund as an IMF mission said it would recommend lending $14.9 billion in a deal to help fill Ukraine's budget gap and boost investor confidence.
Washington was preparing a revised offshore oil drilling moratorium and cleanup efforts in the Gulf of Mexico returned to normal on Friday after hurricane Alex passed through the region without doing major damage.
EADS will submit its bid for the hotly contested competition to build a new generation of aerial tankers for the U.S. military either on Thursday or Friday, Chief Executive Louis Gallois said on Saturday.
U.S. private payrolls rose only modestly in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, indicating the economic recovery is failing to pick up steam.
