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Brookfield Infrastructure Partners – Tollbooth On World Commerce – Brookfield Infrastructure Partners L.P. (NYSE:BIP)

My Objectives for an Investment in Brookfield Infrastructure Stock The decision to invest in Brookfield Infrastructure Partners (BIP) represents a bet on a company that owns irreplaceable infrastructure assets that feature a tendency to rise in value over time, high barriers to entry, geographic monopolies or oligopolies, and predictable contracted cash flows. Brookfield Infrastructure’s executive leadership includes CEO Sam Pollock, CFO Bahir Manios, and Senior Managing Partner Jeffrey Blidner. The group’s average 16-year tenure with the firm includes a history…

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Sanofi to buy U.S. haemophilia group Bioverativ for $11.6 billion

PARIS (Reuters) – French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, in a deal which it said would boost earnings and strengthen its presence in treatments for rare diseases. The move comes at a time of renewed interest by large drugmakers in smaller biotech firms and predictions by some experts that 2018 will see a substantial pick-up in mergers and acquisitions. Sanofi has agreed to buy all of the outstanding shares of Bioverativ…

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RBI suggest online trading platform for distressed assets

— By Agencies | Jan 22, 2018 12:11 am Mumbai : Setting up an online trading platform will help India achieve a thriving market for sale of NPAs (non-performing assets), Reserve Bank of India (RBI) deputy governor, Dr Viral Acharya said at an ASSOCHAM event held in Mumbai. “IBA (Indian Banks’ Association), ARCON (Association of Asset Reconstruction Companies) and CRAs (credit rating agencies) can come together to set up the equivalent of Loan Syndication and Trading Association (LSTA) in the United States,”…

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U.S. Fund Investors Pull Most Cash from ‘junk’ in 2 Months -Lipper

U.S. fund investors pulled $3.1 billion from high-yield “junk” bonds during the latest week, Lipper data showed, offering new warning signs about risk appetite despite global markets’ continuing triumph. The junk bond withdrawals – from both mutual funds and exchange-traded funds (ETFs) during the week ended Wednesday – mark the largest of any week since November, according to the research service. High-yield bond funds invest in corporate debt with the lowest credit ratings, meaning they are seen as a more…

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ORS: SCANA won’t go bankrupt if Base Load Review Act repealed

SCE&G could probably survive a slash to its electric rates, the state’s utility watchdog wrote in a Friday report that challenges the Cayce-based utility’s claim that it needs to keep charging customers for a failed nuclear construction project. “A suspension of revised rates – a portion of the total revenues collected by SCE&G – is unlikely to force bankruptcy,” the S.C. Office of Regulatory Staff concluded. SCE&G quickly disputed the findings, even as lawmakers cited the report as proof the…

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Regulatory qualms, focus on exploration 2018 pivots for SA mining industry

The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low investor confidence and continuing breaches of trust between government and industry, resulting in declining constructive engagement. The charter and its potential impact remain the main cause for concern for the industry, say many industry commentators. The events…

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Gecina: Parisian Real Estate Player To Have A Strong 2018 – Gecina SA (OTCMKTS:GECFF)

Note: This is a European play; Gecina is a French real estate investment trust (REIT) without an ADR listing in the States; it does trade over the counter, but volumes are minimal. I’d highly recommend owning the company through Euronext Paris (“CAC”). Contrary to most of my research, figures will be denominated in Euros (€). Gecina (OTC:GECFF) is a relatively unknown REIT to Seeking Alpha readers, most likely due to the company not owning any assets in the United States…

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Isabella County Road Commission looking to build new facility

An outdated and deteriorating headquarters that has outlived its relevance has motivated the Isabella County Road Commission to move another step closer to obtaining funding needed for a rebuild. Isabella County Commissioners Tuesday asked the road commission to provide more information on the financial plan to replace its facility. Although the road commission does not need county board approval to build, statute requires that the county back the type of bond funding the ICRC is pursing for what looks to…

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Defence order of assault rifles and carbines worth Rs 3,547 crore fast-tracked by government

— By FPJ Bureau | Jan 17, 2018 07:43 am Representational image New Delhi: A proposal worth Rs 3,547 crore to procure assault rifles and carbines was cleared on Tuesday by the Defence Acquisition Council, which also announced simplified norms to give a boost to ‘Make in India’ programme.Under the proposal, 72,000 assault rifles and 93,895 carbines will be procured on “fast track basis.” The procurement is to “enable the defence forces to meet their immediate requirement for the troops deployed on the…

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Ukraine-based vertically integrated steel producer Metinvest rated ‘B-‘, outlook stable

 S&P Global Ratings has assigned its ‘B-‘ long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity of 8.3 million tonnes (Mt). This compares with rated peers in Europe, the Middle East, and Africa, such as Severstal (11.6Mt), Evraz (13.5Mt), and SSAB…

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JSE could suspend Eskom bonds by the end of January

Eskom’s bonds face suspension on the JSE because the state-owned power utility has failed to publish its interim results, the bourse said in a statement on Monday morning. The JSE’s rules require companies whose shares or bonds trade on its systems to produce financial results every six months. Eskom’s interim results for the six months to end-September needed to be published by December 31 to meet the JSE’s rules. “Accordingly, this announcement is issued to warn holders of debt securities…

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Commit to improving your financial wellness

Keys To Financial Wellness: Commit to improving your financial wellness Jan 15, 2018 John McIntyre Business, Keys to Financial Wellness Steve Fournier, President, Central New York Market, KeyBank By Stephen Fournier, President, Central New York Market, KeyBank New Year resolutions usually fail for one of two reasons: the goals are either too vague or too unrealistic. This is especially true with financial goals, which typically focus on outcomes—spend less, save more, pay down debt—more than actions. For those of you…

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Reserve Bank likely to keep repurchase rate unchanged this week – economists

The South African Reserve Bank is likely to keep its repurchase rate at 6.75 percent this week, although it will probably lower its consumer inflation projections, financial group Investec said at the weekend. The Sarb is set to announce its decision on the repo rate on Thursday after a two-day meeting of its the Monetary Policy Committee (MPC), the first of six scheduled for 2018. The Reserve Bank left the repo rate unchanged in November, saying it would be prudent to…

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Large banks embrace debt fund-raising

People use various bank ATMs at a shopping mall. Local banks have issued debentures to boost liquidity and lock in rates. SEKSAN ROJJANAMETAKUN Large banks have raised local and foreign currency debentures to lock in cheap costs and increase liquidity in anticipation of higher loan demand, which they expect to be driven by Thailand’s positive economic momentum. Kasikornbank (KBank) offered dollar-denominated senior 5½-year unsecured notes worth US$400 million (12.8 billion baht) last week through its Hong Kong branch. The notes received…

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Vanguard Newspaper Nigeria – FCAM’s Legacy Short Maturity records 12.99% returns | Nigerian Bulletin

Pays 11kobo dividends By Nkiruka Nnorom FCAM’s Legacy Maturity (NGN) Fund shareholders, a mutual fund managed by First City Asset Management Limited, have approved 11kobo dividends for the financial year ended June 30, 2017. They also applauded the Fund Manager for 12.99 percent return recorded within the one year period. The shareholders also approved the name change of the Fund from Legacy Short Maturity (NGN) Fund to Legacy Debt Fund among other resolutions. Speaking on the performance of the Legacy…

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Tough Macro and a Better Micro in 2018

By Mithilesh Kumar Sinha | EMN If 2017 was the year of disruption, the government will be hoping that 2018 shapes up as a year of consolidation. Most analysts expect economic growth to pick up in 2018, helped by a global recovery and a domestic manufacturing rebound. Recent indicators of exports, core sector data and the manufacturing according to Purchasing Managers’ Index, indicate economic recovery is underway. Despite temporary setbacks, India’s economy has still caught up with that of France…

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