UBS Sees Opportunity in U.S. High-Yield Bonds

Oct. 17 (Bloomberg) -- Alexander Friedman, global chief investment officer at UBS AG's wealth-management unit, discusses U.S. Congress's vote last night to fund the government, the investment appeal of U.S. high-yield bonds and "challenges" remaining in Europe. He speaks from Zurich with Anna Edwards and Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
Pirelli on Track for Chinese Takeover
11:21 - Pirelli is on course to be taken over by ChinaChem - a state-owned chemical giant that makes everything from pesticides to latex to resins for plastics. The deal could bolster the Italian tire maker’s presence in the industrial market and value it at 7.4 billion euros, while continuing to manufacture high-end car tires for elite brands like Ferrari, McLaren and Bentley. Bloomberg's Eric Johnson reports. (Source: Bloomberg)
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