Sr. Correspondent, Broker Research, Bangalore, India
Saqib's Feed
Oct 27, 2014
Oct 27, 2014
Oct 27, 2014

Traders cut losses in Brazil companies after Rousseff win

NEW YORK, Oct 27 (Reuters) – Traders who had placed bullish
bets on some of Brazil’s biggest companies ahead of the
country’s presidential elections hastened to cut losses on
Monday, a day after leftist Dilma Rousseff won a second term.

President Dilma Rousseff’s narrow re-election victory over
pro-business rival Aecio Neves on Sunday sent the U.S.-listed
shares of Brazilian companies sharply lower on Monday as
investors remained skeptical about her ability to turn around a
troubled economy.

Oct 27, 2014
Oct 24, 2014
Oct 24, 2014
Oct 24, 2014
Oct 24, 2014

Well-timed bullish option bets seen in Digital River weeks before deal

NEW YORK (Reuters) – Well-timed bullish options bets on Digital River Inc (DRIV.O: Quote, Profile, Research, Stock Buzz) were placed about two weeks before the e-commerce services company said on Friday it would be taken private.

Digital River’s stock rose 48 percent to $25.75 on Friday, a day after the Minnesota-based company said it entered into an agreement to be bought by an investor group led by Siris Capital Group LLC for $26 a shares.

Oct 24, 2014
    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
    • More from Saqib

    • Contact Saqib

    • Follow Saqib