Opening Comment 03.01
Any corrections in the USD and Yen continue to be short-lived, with the market seemingly fixated on continuing to accumulate the safe haven currency positions.
Archive for ‘February, 2010’
Jiangxi Copper, Chinese Copper Shares Jump on Chile Earthquake (Bloomberg)
March 1 (Bloomberg) — Jiangxi Copper Co. , China’s biggest producer of the metal, led gains of Chinese copper stocks on concern an 8.8-magnitute earthquake in Chile may disrupt supplies.
February 28, 2010 | Posted in Copper | Read More »
EU Crafts Greece Aid Plan as Rehn to Push Deficit Cut (Update1)
European Union Monetary Affairs Commissioner Olli Rehn will likely push Greece to do more to cut its budget deficit today as governments craft a possible rescue package for the cash-strapped nation.
AIG May Sell AIA Unit to Prudential for $35 Billion (Update2)
American International Group Inc.
February 28, 2010 | Posted in Investing | Read More »
Greece Loses Kokusai as Investors Demand 7% on Bonds (Update1)
Petros Christodoulou, the new head of Greece’s government debt agency, faces a dwindling investor base as the country prepares to sell bonds as soon as this week.
February 28, 2010 | Posted in Investing | Read More »
In Senate, a Renewed Effort to Reach a Consensus on Financial Regulation
Among the disputed elements is the creation of a consumer protection agency to watch for deceptive and abusive terms on things like mortgages and credit cards.
February 28, 2010 | Posted in Business | Read More »
Merck to Pay $7.2 Billion for Millipore
The takeover of Millipore, a provider of purifiers and filters for laboratories, will give Merck a big presence in products for the biotechnology industry.
February 28, 2010 | Posted in Business | Read More »
Bank Research Consensus Weekly 03.01.10
The Hong Kong economy continued on its recovery path in 4Q09.? As expected, the economy reclaimed positive YoY growth in real terms, at 2.6%, after contracting for four straight quarters, but the pace beat our (+1.4%) as well as market (+1.5%) expectations by a wide margin.? On a QoQ seasonally adjusted basis, the economy grew 2.3% (+9.5% annualized), also much stronger than we expected (+1.7%).? For full-year 2009, the economy shrank by 2.7% in real terms, milder than our forecast of 3.1%, although part of the upside could be attributed to backward revisions in the 2008 (downward) and 1Q-3Q09 (upward) data. Denise Yam & Katherine Tai, Global Economics Team, Morgan Stanley
The Media Equation: A Column That Lost Its Social Graces
The Washington that Sally Quinn covers, one governed by convivial elites who battle by day and clink glasses at night, no longer exists.
February 28, 2010 | Posted in Business | Read More »
Bar Serves as Classroom for Immigrants Learning Job-Hunting Skills
Immigrants learn, among other things, how to navigate a happy hour and talk over blaring rock music.
February 28, 2010 | Posted in Business | Read More »
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Gold Price Trend Forecast Feb 2010 – Makes Intermediate Top at USD 1131
Dow Index & Global Markets enter long term Bearish Phase – Credit crisis moving from Corporate to Sovereign credit crisis
Gold Price Trend Forecast 2010 – Bearish
Nifty Trading Tips – Nifty makes an intermediate top at 5,310 for jan 2010
Indian Rupee Value forecast to weaken further on Strong Intermediate Dollar rally
MCX/Comex Gold futures make intermediate Top at USD 1140 for Jan 2010
USD INR Trend forecast bottoms for 2009 – Indian Rupee (INR) exchange rate to weaken until 1 QTR 2010.
