Jarden Buying Yankee candle for $1.75B
Sept. 3 (Bloomberg) –- Jarden Founder and Executive Chairman Martin Franklin discusses his company’s agreement to buy Yankee Candle for $1.75 billion, adding the 43-year-old scented candle maker to its collection of more than 120 consumer brands. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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Why Are Saudi Banks Being Probed About FX Forwards?
30:37 - Banks in Saudi Arabia are coming under fresh pressure over products that allow speculators to bet against the kingdom’s currency peg, according to people with knowledge of the matter. The Saudi Arabia Monetary Agency has asked lenders to explain why they are offering dollar-riyal forward structured products to customers less than four months after the regulator banned options contracts that let speculators place wagers on a currency devaluation, the people said. Bloomberg's Lyubov Pronina reports on "Countdown."