Spanish Bond Auction Results The Positive Boost EURUSD. The results of bond auctions of Spain and Italy along with the data in a positive trade balance of China has triggered a rally in riskier currencies different from the European session opened, with EURUSD testing 1.3100 resistance level. Spain managed to sell debt of 5.5 billion euros with a yield fell significantly to 4033% from 4.7969%, bid to cover ratio which indicates the level of investor demand for Spanish bonds also rose significantly to 2.6 compared to the previous auction 2.1. Spanish bond auction results as well as the stability of the Italian bond yield reaches 3-year low indicates that the interest of investors to the assets of the European market has improved so confirmed Spain's decision to delay the filing of OMT program to continue the ECB and its own financing. If this trend continues throughout the year, then the relief to finance euro zone will recover substantially.
Although the European bond yields have stabilized, but there is still pessimism over euro zone growth this year, so market participants are still awaiting the results of the ECB's monetary meeting that is expected to set a new target of policy to support growth.
Optimistic Can Have Clearwire Sprint
Sprint Nextel will not raise $ 2 billion bid to have his Clerwire though Dish Network has raised its offer, according to a Reuters report. Clearwire has a spectrum of mobile technologies are in great demand by Dish and Sprint. Dish has offered acquisition price of $ 3.30 per share to be able to embrace Clearwire; This is higher than Sprint bid $ 2.97. Offer from Dish still must meet some prerequisites from shareholders as well as approval from Sprint. Sprint does not intend to approve the proposal Dish. Sprint and Clearwire's majority shareholder owns 50% of Clearwire. Sprint Clearwire believes can have while not changing bidding price considering Sprint have agreed to certain terms proposed.
Google To Reduce Their claims Microsoft
Google has reduced the amount of its claim to Microsoft, according to the International Trade Commission (ITC). Google accuses Microsoft had violated patents owned by Motorola Mobility to make the Xbox. Google has purchased Motorola Mobility for use of patents that have high potential. A recent report from the ITC indicates Google has pulled two patent claims but still filed a patent lawsuit against Microsoft as a foundation.
Microsoft sees two patents that Google pulled a standard patent. The Ministry of Justice has set that the company can not file a ban on sales of the product when it filed a patent infringement based on standard patents. "We are pleased to Google superbly interesting claim to prohibit the sale of Microsoft products and also two patent rights. We hope Google can attract all other claims," said David Howard, Microsoft officials who deal with Xbox.
BlackRock to Buy Credit Suisse Unit in Europe
BlackRock will buy the business unit ETF (exchange-traded funds), which is owned Credit Suisse Group in Europe, according to a Reuters report. The deal will be announced, but a spokesman for BlackRock and Credit Suisse declined to comment. Reuters previously reported that Credit Suisse had intended to sell its ETF business was valued at $ 17.6 billion. Credit Suisse has said it will integrate the division of private banking and asset management to wealth management unit.
Credit Suisse is the largest ETF provider 4 in Europe with a market share reached 5.3%. Blackrock is the largest ETF provider in Europe and controls 42% market share. "BlackRock is committed to become a dominant player in the ETF business and this can be realized with the acquisition," said Dave Nadig, director of research at IndexUniverse.
Although the European bond yields have stabilized, but there is still pessimism over euro zone growth this year, so market participants are still awaiting the results of the ECB's monetary meeting that is expected to set a new target of policy to support growth.
Optimistic Can Have Clearwire Sprint
Sprint Nextel will not raise $ 2 billion bid to have his Clerwire though Dish Network has raised its offer, according to a Reuters report. Clearwire has a spectrum of mobile technologies are in great demand by Dish and Sprint. Dish has offered acquisition price of $ 3.30 per share to be able to embrace Clearwire; This is higher than Sprint bid $ 2.97. Offer from Dish still must meet some prerequisites from shareholders as well as approval from Sprint. Sprint does not intend to approve the proposal Dish. Sprint and Clearwire's majority shareholder owns 50% of Clearwire. Sprint Clearwire believes can have while not changing bidding price considering Sprint have agreed to certain terms proposed.
Google To Reduce Their claims Microsoft
Google has reduced the amount of its claim to Microsoft, according to the International Trade Commission (ITC). Google accuses Microsoft had violated patents owned by Motorola Mobility to make the Xbox. Google has purchased Motorola Mobility for use of patents that have high potential. A recent report from the ITC indicates Google has pulled two patent claims but still filed a patent lawsuit against Microsoft as a foundation.
Microsoft sees two patents that Google pulled a standard patent. The Ministry of Justice has set that the company can not file a ban on sales of the product when it filed a patent infringement based on standard patents. "We are pleased to Google superbly interesting claim to prohibit the sale of Microsoft products and also two patent rights. We hope Google can attract all other claims," said David Howard, Microsoft officials who deal with Xbox.
BlackRock to Buy Credit Suisse Unit in Europe
BlackRock will buy the business unit ETF (exchange-traded funds), which is owned Credit Suisse Group in Europe, according to a Reuters report. The deal will be announced, but a spokesman for BlackRock and Credit Suisse declined to comment. Reuters previously reported that Credit Suisse had intended to sell its ETF business was valued at $ 17.6 billion. Credit Suisse has said it will integrate the division of private banking and asset management to wealth management unit.
Credit Suisse is the largest ETF provider 4 in Europe with a market share reached 5.3%. Blackrock is the largest ETF provider in Europe and controls 42% market share. "BlackRock is committed to become a dominant player in the ETF business and this can be realized with the acquisition," said Dave Nadig, director of research at IndexUniverse.
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