Global Markets
Japanese Bought Net 1259.7 Billion Yen Overseas Debt Last Week
…on reports from designated major investors released by the Ministry of Finance in Tokyo. Japanese investors bought 1259.7 billion yen ($15.7 billion) in overseas bonds and notes, sold 32.1 billion yen in overseas stocks and sold 21.5 billion yen in overseas…
Australia to Open Flat on Weak Commodity Prices
…out of the banks in fear that their country may exit the European single currency. Australian stocks are likely to open flat or softer given further weakness on world bourses and weaker commodity prices. Share price index futures are down 3 points or 0.1 percent…
Australia’s IAG reviewing British insurance business
…China. An update on the strategic review will be reported by IAG’s full year financial results in August. ($1 = 1.0057 Australian dollars) (Reporting by Lincoln Feast; Editing by Paul Tait) We welcome comments that advance the story through relevant opinion,…
European equities down for third day
…down 0.6 per cent on a day when the Bank of England warned that the euro zone was “tearing itself apart” to the detriment of the UK economy and cut its domestic growth forecasts for this year to 0.8 per cent, from 1.2 per cent, as a result. Heavyweight mining…
Richemont profits up on Asia and American sales
…watches, said sales in April, the first month of its financial year, rose 29 per cent, or 20 per cent in constant currency terms, despite tough comparisons with the same month last year. Richemont shares rose sharply against a lower market, trading up 6.56…
European Central Bank stops its loans to Greece
…of the system. Share prices continued to slide in the City and in European stock exchanges following a warning that banks and other financial institutions could lose up to Ł335billion in any Greek debt default. PUBLIC support for Britain remaining in the European…
The United States: Where Pregnancy is Probationary and Your Body is A Crime Scene
…pregnancies. This is, of course, illegal. Is this really what American’s want?
Gazprom at Discount After NY Oil Trails London: Russia Overnight
OAO Gazprom (OGZPY) and OAO Lukoil’s (LUKOY) U.S.- traded shares are fetching a discount to their Moscow stock for the first time in three years after oil tumbled faster in New York than in London. Oil, Russia’s major export earner, fell to the lowest le
Banco Modal Said to Be in Talks to Buy Banif Brazil Unit
Banco Modal SA, the Brazilian lender trying to become a full-service investment bank, is in talks to buy the Brazil subsidiary of Portugal’s Banif SGPS SA (BNF), according to two people familiar with the matter. Banif hired Credit Suisse Group AG to find
Romney Marsh suggested as site for Britain’s future nuclear waste dump
…yesterday by the Energy Minister, Charles Hendry. “This is potentially a multi-billion pound development that could guarantee high quality employment and the retention of nuclear industry skills in the area for many decades,” he said. However, not all local…
Francois Hollande’s Chinese revolution
When French president François Hollande met German Chancellor Angela Merkel for the first time on Tuesday, chances are that political turmoil in Athens was not the only subject on the agenda. The newly elected French leader is probably likely to have tes
Communist Party Veterans In China Demand Security Head Zhou Yongkang Quit
A group of retired Chinese Communist Party members have called for the resignation of Zhou Yongkang, the head of China ‘s Public Security Ministry. Zhou is a member of the party’s Standing Committee, which ranks as the innermost, most powerful political
Rescue of US refiners dooms more European rivals
…into storage facilities, putting at risk thousands of jobs around Europe. Dozens of refiners have closed in Europe in the past decades as booming Asian economies have built new modern plants and squeezed European companies out of many export markets. Surviving…
Make up or break up, David Cameron tells Europe
…was the greatest threat to economic recovery in Britain. While the Bank said it did not see a “meaningful way” of factoring into its projections an extreme financial event, it said the biggest risk to recovery stemmed from the eurozone. As the Greek debt crisis…
IAG plays UK business under review
…conditions in the UK. ‘‘One of our key strategic priorities is to return the UK to profitability,’’ he said in a statement. ‘‘Given the progress towards that goal in the opening half of the current financial year, we believe the time is right to consider our…
IAG places UK business under review
…Australia Group is to review its business in the United Kingdom, which could result in its sale. IAG owns the Equity Red Star insurance business, the fifth-largest motor insurer in the UK, and commercial insurance broker Barnett & Barnett. The UK operations…
Dragged down by Europe?
…economic news. The Bank also cites credit conditions as another eurozone drag on the UK. We are not in the single currency, but our largest banks have huge credit exposures to companies in Greece, Ireland, Portugal, Spain and Italy (£144bn, according to the…
Real Estate Crash in China Underway: Foreign Funding Down 80%, Land Sales Down 57%, Starts Down 27%; Expect Chinese GDP to Plunge
…sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated…
India’s Parliament Celebrates Istelf on Its 60th Birthday
India’s Parliament turned 60 last week. This landmark in the life of the legislative body of the world’s largest democracy was marked by special sessions in both houses of Parliament. Newspapers provided a wealth of fascinating black-and-white footage an
Australia’s CBA Q3 profit rises 3 pct, bad-debt charges fall
…May 17 (Reuters) – Commonwealth Bank of Australia , the country’s top lender by market value, said on Thursday its third-quarter cash profit rose 3 percent as a fall in bad-debt charges outweighed softer demand for mortgages and higher funding costs. CBA reported…
