THE past few years have been “as miserable as I can remember”, says Johnny Boyer of Boyer Allen Investment Management, a British hedge fund focused on Asia. The fund, which looked after $1.9 billion at its peak, faced the prospect of spending the n…
IN DECEMBER Barack Obama trumpeted a new standard for mercury emissions from power plants. The rule, he boasted, would prevent thousands of premature deaths, heart attacks and asthma cases. The Environmental Protection Agency (EPA) …
Why the banks could not win
IT WAS billed as a landmark deal that exacted retribution on banks which wrongly turned millions of Americans out of their homes. Yet the announcement on February 9th of a huge mortgage-foreclosure settlem…
London: Royal Dutch Shell Plc has made an agreed £992.4 million ($1.6 billion) bid for Mozambique-focused Cove Energy Plc, offering a full price to open up a new gas frontier for the Anglo-Dutch oil company in East Africa.Cove’s main asset is an 8.5…
Tomohiro Ohsumi/Bloomberg via Getty Images(WASHINGTON) — Honda is recalling 45,747 Odyssey minivans due to a problem with the model’s liftgate.“[T]he gas-filled struts that help to raise and support the liftgate of vehicles equipped with a…
Comstock Images/Thinkstock(NEW YORK) — If you converted a traditional IRA to a Roth IRA a few years back, get ready to pay the taxman.In 2010, millions of Americans who wanted to convert their traditional IRA to a Roth were given a tax break; they wer…
The euro was broadly flat as the euphoria from Greece’s bailout deal continued to fade [...]
Euro zone flash manufacturing purchasing manager’s index (PMI) was released today, indicating that business activity [...]
Sterling fell sharply against the dollar and the euro after the Bank of England released [...]
EURUSD Forecast
The EURUSD attempted to push higher yesterday after agreement on second EU/IMF bailout package for Greek reached, topped at 1.3292 but the bullish run was short lived, slipped back below 1.3200 and closed at 1.3247 in a volatile market….
EURJPY Forecast
The EURJPY continued its bullish bias yesterday, topped at 105.99 and closed at 105.78. The bias is bullish in nearest term still testing 106.50. Immediate support is seen around 105.00. A clear break below that area could lead price to…
GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday, bottomed at 1.5771 and hit 1.5762 earlier today. The bias is bearish in nearest term testing 1.5700 but as long as stays above 1.5650 the bullish scenario since the break above the trend li…
Looks like the American consumer is making a return. And not with the money stuffed in the mattress. Card issuers were more than eager to take advantage of the American consumer returning to the stores. The number of cards issues jumped 14% in 2011 to about 42 million. In addition to the new cards being [...]
Central European Media Enterprises (NASDAQ:CETV) is down 18.12% in midday trading at $6.95. CETV has traded 1.4 million shares at midday, more than 3 times its daily average. CETV shares are tumbling today after its quarter loss widens. The company’s net loss was $77.2 million. The company has a market cap of 450.75 million. Mattson [...]
Private sector data in the euro zone dropped unexpectedly in February according to the preliminary Markit Purchasing Managers Index released today. The index reading for the month was 49.7, down from 50.4 in January. Any reading below 50 is seen as contraction in private sector activity. Economists were expecting the index to rise to 50.4. [...]
Somehow out of the blue, the strangely morbid yet delightfully Hollywood-esque story of Greek modern day Robin Hood Vassilis Paleokostas re-emerged today. Which, considering the latest developments out of Greece is probably oddly appropriate: if there …
Day after day, the long overdue correction of gold to fair value which as we have discussed previously, is now at about $2000 based on the recent multi-trillion Central Bank balance sheet expansion, keeps getting delayed, providing cheap entry points t…
Little to note about today’s unremarkable bond auction of $35 billion in 5 Year bonds. Hot on the heels of yesterday’s just as unremarkable 2 year bond auction, which saw total US debt/GDP surpass 101% two weeks after total debt/GDP rose over 100…
Dominique Strauss-Kahn, the former head of the International Monetary Fund, was released from police custody after almost two days of questioning as part of an investigation into a French prostitution ring
Fifteen of the eurozone’s 27 members have private sector debt that exceeds the safety threshold of 160% of GDP. Spain’s is 227%
Lack of investment and long-term planning in the Peruvian electrical system are threatening to wreck billionaire mining projects, considered key to the economic growth of the country, reports today one of the major local newspaper.
Copyright (c) 2011 Joe Maldonado Thеrе аrе сеrtаіn precautions thаt уου mυѕt take during credit card processing tο mаkе sure thе security οf thе actual transaction. Yου want tο avoid thе misuse οf уουr credit card іf аt аƖƖ possible. Unfortunately, іt іѕ a reality thаt wе mυѕt interest ourselves wіth credit card fraud, identity [...]
Leon Cooperman, founder of equity hedge fund Omega Advisors Inc., said buying U.S. Treasuries is the least attractive investment in a world of “financial repression”
Meredith Whitney, the banking analyst who incorrectly predicted that “hundreds of billions of dollars” of municipal-bond defaults would occur in 2011, said the tax-exempt market is still a “danger zone” for investors
