Trading At Premium Headlines

Glencore, Xstrata hammer out premium as deal nears

LONDON/CAPE TOWN (Reuters) - Top executives at Glencore and Xstrata are hammering out the final details of a proposed $80 billion merger, including the premium on offer by the commodities trading giant to secure approval from the miner's shareholders. Sources involved in the talks have told Reuters the sweetener is likely to be "high single digit to low double digit." One source familiar with ...

Oil Rebounds From Two-Day Low in New York Trading; Brent Premium Widens

Oil for March delivery rose as much as 46 cents, or 0.5 percent, to $97.37 a barrel in electronic trading on the New York Mercantile Exchange and was at $97.30 at 12:36 p.m. Sydney time. The contract yesterday fell 93 cents to $96.91, the lowest settlement since Feb. 2. Prices are down 1.6 percent this year.

DealBook: Glencore to Buy Remaining Stake in Xstrata for $41 Billion

Glencore International, the world’s biggest commodities trading company, has agreed to buy Xstrata in a deal that would create a company valued at nearly $90 billion.

The Nemenoff Report Bonds Lower, S&P's Lower, Silver Lower

Mar. Bonds are currently 22 lower at 142'19 and the 10 Yr. Notes 11 lower at 131'11. We remain spread long the 5 Yr. Note/short the 10 Yr. Note which is currently trading at 7'19 premium the 10 Yr. Note. My objective is the 7'12 level premium the 10 Yr. Note.

UBS Q4 profit hit by fallout from trading scandal

Switzerland's biggest bank, UBS AG, saw its profits slide by 76 percent in the fourth quarter, in a further sign that a $2 billion trading scandal last year has dented business at a time of economic weakness in Europe and abroad.