Trade The News | Mar 26, 2013 08:04AM ET
Asian shares eased following comments made by the Eurogroup Chief Dijsselbloem who initially stated that the bank restructuring program in Cyprus could be used as a template for the rest of the EMU, forcing large uninsured depositors, bondholders to bear heavy losses. The Eurogroup office subsequently backtrack those comments denying that Dijsselbloem described the Cyprus bailout as a "template" for future bank restructuring.
Asia stocks recovered somewhat from their lows as the BoJ Governor Kuroda signaled bold monetary easing. In his testimony to parliament, he said that the BoJ will do whatever it takes to defeat deflation in particular targeting longer dated JGBs to push down the yields across the curve.
Currencies/Fixed Income/Commodities
Discloses more details of Blackstone and Icahn offers; Blackstone offer valued at over $14.25/shr; CEO Dell said to be concerned Blackstone offer would dismantle company; sees plans inconsistent with strategy to reinvest in company - financial press
PRTS: Reports Q4 -$0.99 v -$0.23 y/y, R$62.8M v $65.6Me (only 2 est); Announces $6 Million Financing
COP: Announces Second Oil Discovery in Deepwater Gulf of Mexico
INTU: Reports season to date TurbTax unit results; reiterates guidance
RMKR: Reports Q4 -$0.17 v -$0.07 y/y, R$5.2M v $8.0Me
SONC: Reports Q2 $0.05 adj v $0.04e, R$111.1M v $113Me
XEL: Updates 2013 Rate Case, Reduces Request for electricity rate increase
BHP: To launch approval process for A$10B floating LNG project offshore Scarborough in Mar - Australian press
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