Societe Generale

The manager is expanding outside its fixed-income base by buying an equities boutique and adding passive offerings, including smart beta.
As bull markets begin to age, companies start dropping some big items from earnings. Does that portend disaster?
Swedish kroner falls on news; British gilts briefly hit all-time low; Societe Generale earnings disappoint; Puerto Rico approves utility restructuring; gold surges.
Millions welcome the Year of the Monkey; New Hampshire hosts U.S. presidential primary; New York Fashion Week takes to the runway.
Germany’s finance minister muses on euro zone unified financial authority; Teva announces acquisition of Allergan’s generic drug business.
New Fed rules push banks to reduce scale; Toshiba CEO steps down amid accounting scandal; Novartis and IBM earnings show y-o-y slump.
ECB’s Draghi supports IMF on debt relief for Greece; Chinese stocks rise for the week; Abe scraps plans for pricey Olympic stadium.
Toyota to issue new shares in a controversial offering, the U.K. out of deflation; Honda recalling 1.39 million cars over air bags.
Funds specializing in the region’s equities keep attracting money on the strength of an economic recovery and strong earnings forecasts.
Welcome rise in services PMI data from Europe; BMW earnings beat expectations; oil prices rise on expectations for supply data to contract.