January 27, 2012 -- Updated January 25, 2012 14:41 HKT
World News
Yes, Obama is a Marxist
Without passing judgement, and simply putting Obama’s economic policy in to the correct economic location, Obama is a Marxist.
The Obama administration favors progressive taxes on the rich to redistribute income and wealth from winners to losers and to ensure that all pay their fair share. (As he has said: “When you spread the wealth around, it’s good for everybody.”)
Obama advocates a strong state that offers the “positive right” of political and economic justice to its citizens. He complains that the U.S. Constitution is a “charter of negative …
Read MoreThailand Stock Exchange Update
HSBC
HSBC said Wednesday that it was selling its retail banking and wealth management business in Thailand to Bank of Ayudhya, the latest in a series of asset sales.
London-headquartered HSBC did not divulge the price tag but said the gross asset value of the business was about $550 million. The deal is expected to be completed sometime in the first half of this year.
In recent weeks HSBC has also sold its private banking business in Japan and its operations in Costa Rica, El Salvador and Honduras as …
Read MoreAngela Merkel on the Euro
Merkel deflects calls for bigger EuroZone Firewall
German Chancellor Angela Merkel deflected pressure Wednesday to increase the eurozone’s rescue fund, saying the Key to reassuring markets was to restore lost trust in governments’ policies.
She also said closer European integration would eventually bring a solution to the 17-Nation currency area’s debt crisis. “We must be ready to dare more Europe,” she said.
Delivering the keynote address to the annual World Economic Forum meeting in Davos, Merkel questioned the rationale of those in financial markets, governments and …
Read MoreChina’s Lust for Coal
Guangxi now China’s largest coal importer
Ports in China’s southwestern Guangxi Zhuang autonomous region surpassed their counterparts in neighboring Guangdong province to boast the country’s largest throughput of coal imports in Y 2011.
The customs authority in the regional capital of Nanning said in a release on Tuesday that ports in Guangxi recorded a total throughput of over 27-M tons of coal in Y 2011, up 61.3% over the previous year and accounting for 15% of China’s total.
Guangxi is not a coal production region. …
Read MoreMARKET
US Agriculture After the Closing Bell Report
Wheat futures finished well off session highs, but held some impressive gains. Old-crop Chicago Wheat settled 0.0550 to …
Read MoreCorporate Headlines
- Best of Beverly Hills: Vampire Lounge & Tasting Room
- A380 Should be Grounded
- Dubai Airports handled a record 51-M passengers
- India cuts Reserve Ratio
- Texas Instruments Inc (NASDAQ:TXN) an Earnings Winner
- “The Artist” takes PGA Best Picture Award
- US Major Markets: Support and Resistance
- This Week on the Economic Front in the USA
COMMODITIES
A breakout in Gold Wednesday Gold prices reversed Wednesday and moved smartly North after the US Fed said it would maintain low interest rates until late Y … Read More
Gold, Silver, Crude Oil + Copper Trade Feb Gold futures prices finished US Pit trade moderately lower Tuesday on a corrective technical pullback and some …
US Agriculture After the Closing Bell Report Wheat futures finished well off session highs, but held some impressive gains. Old-crop Chicago Wheat settled 0.0550 to … Read More
US Agriculture after the Closing Bell Report Mar Wheat finished up 0.1375 at 633.50, .045 off the high and + .195 from the low. Mar …
Mar Wheat finished + 0.0925 at 619.75, and 0.0175 off the high and + 0.0625 from the low. Mar Wheat closed sharply higher on the session … Read More
South Korea lifts ban on Canadian Beef Almost 9 yrs after the “mad cow” disease was found in Canadian Cattle, the South Korean government dropped …
Guangxi now China’s largest coal importer Ports in China’s southwestern Guangxi Zhuang autonomous region surpassed their counterparts in neighboring Guangdong province to boast the country’s … Read More
Putin approves US$120-B fund for coal industry Russian Prime Minister Vladimir Putin approved a 3.7-T Ruble (US$120-B) coal development fund Tuesday, the state-owned news agency …
US Agriculture After the Closing Bell Report Wheat futures finished well off session highs, but held some impressive gains. Old-crop Chicago Wheat settled 0.0550 to … Read More
OJ ends at record high on talk of a ban on Brazil imports Orange juice futures rose to a record high close Monday due to …
MARKETS
Corning Incorporated NYSE:GLW has been Upgraded by Heffernan Capital Management to a strong buy after a sell off yesterday. Shayne Heffernan issued the strong buy today with … Read More
Stock Lending Solutions If you are an officer/director with a concentrated stock position, facing a margin call or have stock options you wish to exercise, we can …
German short-term debt sale sees strong demand Germany Monday attracted strong demand at a sale of 12-month bonds with an ultra-low average rate. Germany’s offer of 3.0-B … Read More
Greek debt-swap accord coming together, terms “pretty much set” Greece and its private creditors said early Saturday they had made progress during talks in Athens …
Ireland outlines EUR1.4-B cut in recurrent spending for Y 2012 Ireland’s Minister for Public Expenditure and Reform Brendan Howlin announced Monday the government will reduce … Read More
Australian retailers want banks to pass on rate cut to consumers The Australian National Retailers Association (ANRA), representing the Country’s leading retailers, Tuesday urged Australia’s …
US Agriculture After the Closing Bell Report Wheat futures finished well off session highs, but held some impressive gains. Old-crop Chicago Wheat settled 0.0550 to … Read More
EU urges Greek debt deal to be reached without delay Eurogroup President Jean-Claude Juncker Tuesday called for an early conclusion of a deal on Greece’s …
Merkel deflects calls for bigger EuroZone Firewall German Chancellor Angela Merkel deflected pressure Wednesday to increase the eurozone’s rescue fund, saying the Key to reassuring … Read More
HSBC HSBC said Wednesday that it was selling its retail banking and wealth management business in Thailand to Bank of Ayudhya, the latest in a series of asset …
CURRENCIES
Merkel deflects calls for bigger EuroZone Firewall
German Chancellor Angela Merkel deflected pressure Wednesday to increase the eurozone’s rescue fund, saying the Key to reassuring …
Read MoreREAL ESTATE
Britain’s mortgage lending fell 12% in December 2011
Britain’s total mortgage lending for house dropped 12% in December 2011 to stand at 11.7-B GBPs …
Read More
market news
One of the biggest advantages of investing in small-cap Private Placements is the opportunity to participate at the same rate an institution would be investing. Our Private …
HSBC
HSBC said Wednesday that it was selling its retail banking and wealth management business in Thailand to Bank of Ayudhya, the latest in a series of asset …
Stock Lending Solutions
If you are an officer/director with a concentrated stock position, facing a margin call or have stock options you wish to exercise, we can …
The Hot List
Ecoland International Inc OTC:ECIT
D&R Technology Inc. a wholly owned subsidiary of Ecoland International Inc, announced that Progress-Werk Oberkirch AG (PWO), a German based company, selected its solutions …
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