Monday Briefing: Boeing Flies High with Iran Plane Deal Talks

June 20, 2016

Boeing has earned the top spot on Sentifi Attentions list today thanks to its discussion with seven Iranian airlines, which are looking to buy about 100 planes from the company. When the deal is completed, Boeing will be the first U.S. company to conduct a commercial transaction with Iran since the sanctions were lifted. Though momentous, the deal has the potential to fall through due to political complications. Trailing behind Boeing in second place on the list is the Reserve Bank of India as it will lose its current governor in September after his term expires. It’s only Monday, but the market has already waken up with lots of news and discussions. Read on to find more on Sentifi.

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1/ Boeing: First U.S. company to enter Islamic Republic [1,186 messages in the last 24h]

Boeing is in talks with seven Iranian airlines for the sales of 100 airplanes worth billions of dollars. A sealed deal would mark the very first time a U.S. company entering the Islamic Republic since the sanctions were lifted on Iran, but analysts said the deal will face regulatory hurdles. In face, the legal and political consequences are the very reasons why many American companies still remain reluctant to do business with Iran. The U.S. government will give the deal a thorough review, according to a senior official of the Obama administration.

2/ Reserve Bank of India: Governor will be leaving [428 messages in the last 24h]

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Governor Raghuram Rajan will be leaving the bank in September when his term expires, with politics being cited by the media as the reason for his exit. (Reuters)

Governor Raghuram Rajan of the Reserve Bank of India has announced his refusal to undertake a second term at the bank. He will leave when his three-year tenure expires in September. The media is speculating a rift in trust between Rajan and the government on many issues, from political to economic, is the prime reason for his departure.

 

 

 

 

3/ INR: Hits a new low on Rajan’s departure news [417 messages in the last 24h]

The news on the exit of RBI Governor Raghuram Rajan dragged the rupee to the lowest level since January, weakening 0.7% against the dollar. This only added more volatility to the rupee which is already plagued by volatility due to the prospects of a Brexit.

4/ LinkedIn Corp: Bill Gates expresses confidence in Microsoft-LinkedIn deal [403 messages in the last 24h]

Microsoft co-founder Bill Gates recently voiced his opinion that Microsoft is capable of making LinkedIn as successful as Facebook, and the two companies will have great synergies. LinkedIn is an important move in Microsoft’s game of chess, as it will ensure the software company a place in a world after Windows. It’s a deal that means a long-term survival strategy for Microsoft.

5/ FINRA: Reviews “best interest” disclosures [356 messages in the last 24h]

FINRA said it will investigate and evaluate the disclosures of security firms to make sure they act in customer’s best interests. Specifically, it will determine whether the securities brokers comply with best-interest contracts when giving retirement advice.

6/ Toyota Motor Corp: Researchers are optimistic about cheap robots [326 messages in the last 24h]

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Toyota researchers believe they can mass produce cheap robots, including the helper ones. (Digital Trends)

The researchers at Toyota robotics unit are confident that the company’s production principles are capable of building affordable helper robots. One of the reasons for the lack of success in the robotics industry has to do with production. The industry is in dire need of a production miracle, the same one that happened to the automobile industry when Henry Ford developed an assembly line so effective that it led to a mass production of his cars. Aside from that, Toyota is expanding its robotics unit with the acquisition talks with Google for Boston Dynamics and Schaft.

 

7/ Cigna Corp: Merger with Anthem receives concerns from antitrust regulators [306 messages in the last 24h]

The marriage between Cigna and Anthem may hit a roadblock soon as the U.S. antitrust regulators have expressed their concern about the companies’ ability to preserve competition in the industry. The companies will meet with the U.S. Justice Department to give their best case about why the deal should be approved. The Justice Department until now has been tight-lipped on the matter, but it can all change in the coming weeks.

8/ Stock Market Crash: The state of the stock market is in question [300 messages in the last 24h]

According to one analyst named Michael Snyder, the stocks have crashed in six of the world’s eight largest economies. They are China, Japan, Germany, the United Kingdom, France and India. All economies share a common theme, which is their stocks have been on the decline. Whether they will converge into one large global crash or exhibit any pattern is still a question, but the global economy is heading into a volatility storm with the EU referendum and the Fed’s rate decision, among others.

9/ EU Banks: EU banking watchdog to leave London [212 messages in the last 24h]

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A divorce between the U.K. and the EU will also mean the departure of the EBA from Britain.

If a Brexit happens, the EU banking watchdog, the European Banking Authority, will not only leave London, they will move out of Britain. The organization is currently working on a rulebook to maintain a level playing field for all banks in the EU.

 

 

 

 

 

10/ HeidelbergCement: Regulators approve of merger [105 messages in the last 24h]

Heidelberg said it has received all regulatory approvals for its $4.2 billion merger with Italcementi. The German company also said it has reached an agreement with the U.S. Federal Trade Commission regarding the deal.

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