(BFW) *PEUGEOT HAS NO PLANS TO SELL FAURECIA STAKE, LE MONDE SAYS

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BN 01/17 10:32 *PEUGEOT HAS NO PLANS TO SELL FAURECIA STAKE, LE MONDE SAYS

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*PEUGEOT HAS NO PLANS TO SELL FAURECIA STAKE, LE MONDE SAYS 2014-01-17 10:33:08.376 GMT

--TOM KOHN

-0- Jan/17/2014 10:33 GMT

(BFW) China May Sign Potash Supply Deal at $280-$300/t: Industry Group

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China May Sign Potash Supply Deal at $280-$300/t: Industry Group 2014-01-17 10:18:45.354 GMT

By Michelle Yun Jan. 17 (Bloomberg) -- Suppliers’ offer to sell at $330/t is unacceptable to China, Wei Chengguang, president of China Potassium Salts Industrial Association, says by phone. * Probable price for new supply deal is “personal opinion” * Southeast Asian buyers bought potash for as little as $270/t * China’s own production capacity increased last yr; country still has ~1.3mt of port inventory * NOTE: Sinochem’s Sinofert unit and Sinoagri Holding account for majority of China’s potash imports * Calls, e-mail to Sinofert Executive Director Harry Yang not answered; Sinoagri not available for comment

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--With assistance from Yuliya Fedorinova in Moscow.

To contact the reporter on this story: Michelle Yun in Hong Kong at +852-2977-4643 or myun11@bloomberg.net

To contact the editor responsible for this story: Jason Rogers at +65-6231-3673 or jrogers73@bloomberg.net

(BFW) M&A to Drive EU Telecoms Shares in 2014, Macquarie Survey Says

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M&A to Drive EU Telecoms Shares in 2014, Macquarie Survey Says 2014-01-17 08:53:20.871 GMT

By Gaurav Panchal Jan. 17 (Bloomberg) -- M&A is expected to be the driver of European Telecoms sector in 2014 as expectations for fundamentals remain to the downside, Macquarie’s buy-side investor survey shows. * Macquarie estimates Vodafone is implying a 55%-60% probability of offer from AT&T * Ziggo, Telenet also likely M&A candidates, given LBTYA’s publicised interest: Macquarie * Beyond M&A exposure, investors expect regulatory model to continue to shift towards rewarding investment rather focusing solely on price: Macquarie * Key stocks for 2014: BSkyB, Mobistar, Orange, Portugal Telecom, Swisscom, Sky Deutschland, Telecom Italia, Telenet, United Internet * Earlier: Vodafone cited most often as merger target in M&A desk survey {NSN MZJ98T6JIJUO <go>}

Link to Company News:{BSY LN <Equity> CN <GO>} Link to Company News:{T US <Equity> CN <GO>} Link to Company News:{DTE GR <Equity> CN <GO>} Link to Company News:{KPN NA <Equity> CN <GO>} Link to Company News:{ORA FP <Equity> CN <GO>} Link to Company News:{PTC PL <Equity> CN <GO>} Link to Company News:{SCMN VX <Equity> CN <GO>} Link to Company News:{TALK LN <Equity> CN <GO>} Link to Company News:{TEF SM <Equity> CN <GO>} Link to Company News:{TIT IM <Equity> CN <GO>} Link to Company News:{TNET BB <Equity> CN <GO>} Link to Company News:{VOD LN <Equity> CN <GO>} Link to Company News:{ZIGGO NA <Equity> CN <GO>}

For Related News and Information: First Word scrolling panel: {FIRST<GO>} First Word newswire: {NH BFW<GO>}

To contact the reporter on this story: Gaurav Panchal in London at +44-20-7392-0511 or gpanchal2@bloomberg.net

To contact the editor responsible for this story: Brian Lysaght at +44-20-7330-7908 or blysaght@bloomberg.net

(BofA-ML) Flow Show : Equities: Chunky $9.4bn inflows; note that $6.5bn via long

Weekly flows show Equities (+$9bn) over Bonds (+$1bn) again - Chart 1. And though the Great Rotation thesis is fast becoming consensus, Chart 2 suggests the rotation is far from over…

…more good news is that long-only funds see $6.5bn inflows this week (largest in 12 months), a sign that investors are warming to idea of active funds (as opposed to just passive index strategies)

Meanwhile, 12 straight weeks of EM equity redemptions = longest outflow streak in 11 years

>>> Asset Class Flows
* Equities: Chunky $9.4bn inflows; note that $6.5bn via long-only funds = largest weekly inflows in a year!
* Bonds: Modest $1.0bn inflows (Table 1)
* Commodities: 10 straight weeks of redemptions
* MMF: $22bn redemptions (first outflows in 4 weeks)

>>> Equity Flows
* EM: 12 straight weeks of outflows ($1.3bn –longest outflow streak in 11 years – Table 3)
* Europe: 29 straight weeks of inflows ($4.1bn)
* Japan: 4 straight weeks of inflows
* US: $3.7bn inflows = largest in 7 weeks

>>> Fixed Income Flows
* 4 straight weeks of inflows to HY bond funds ($1.2bn) and IG bond funds ($0.6)
* 82 straight weeks of inflows to floating-rate debt (Table 2)
* 35 straight weeks of outflows from MBS
* 16 straight weeks of outflows from Munis
* 16 straight weeks of outflows from EM debt