May 17, 2012 -- Updated May 17, 2012 03:33 HKT
Need to Know
Insiders Selling FaceBook NASDAQ:FB
Insiders Selling FaceBook NASDAQ:FB 84 million more shares up for grabs.
Strong retail demand has been generated for FaceBook however insiders are exiting on that buying as the IPO becomes more of a media event than an IPO.
Additional shares will be sold by early investors including PayPal co-founder Peter Thiel, Accel Partners’ James Breyer and investment manager Tiger Global Management, the company said in a filing.
The selling may have been sparked by concerns over revenue growth that were highlighted on Tuesday, when GM said it planned to pull …
Read MoreARA Asset Management RMB IPO in Singapore
ARA Asset Management aims to list a yuan-denominated real estate investment trust in Singapore by July, Dow Jones Newswires reported.
The REIT – comprising ARA Asian assets – will look to raise between 3.52 billion yuan (HK$4.32 billion) and 4.02 billion yuan.
The listing will mark a first for a yuan- priced REIT outside of the mainland and Hong Kong and test the ability of Singapore to handle yuan investment products as it has a much smaller yuan pool than the SAR.
ARA is now wooing potential cornerstone investors, …
Read MoreGreece and The EuroCrisis
Greece’s problems expose the huge gap between it and the rest of Europe
Once more the talk of a Greek exit from the EuroZone are in vogue. We also hear of scenarios of a Greek exit from the EU.
Most media and commentators replicate the mutter from European, Greek or other investment experts.
In this mess the conspiracy theories abound while some of the Greeks prepare for the “day after” others do not believe that it is possible.
The Greek state has finally gone “bus”t after years of financial mismanagement, corruption …
Read MoreMajor Copper IPO in Hong Kong
China Nonferrous Mining Corp plans to raise up to HK$2.44 billion by selling 870 million shares through an initial public offering.
The company is a spinoff of state-owned giant China Nonferrous Metal Mining (Group) Co. It currently operates four mines in Zambia that produced 328,842 tonnes of copper last year.
The firm is heavily reliant on its parent company, which has been its biggest client in the past three years – buying up more than half its output in 2010 and 2011.
Net profit of China Nonferrous Mining Corp hit …
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Latest News
US President Barack Obama’s bank of choice, JP Morgan Chase (NYSE:JPM)
JPMorgan Chase & Co. according to US President Obama, despite the bank’s recent $2-B trading, is …
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- The Gold Standard and the USD
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- On the Economic Front in the USA
- GSV Capital Corporation (NASDAQ: GSVC) and Facebook (NASDAQ:FB)
- Wall St Support and Resistance
- US Market Sentiment Indicators
COMMODITIES
Chesapeake Energy (NYSE:CHK) downgraded, shares fall Chesapeake Energy Corp shares dropped 6.5% Tuesday following a credit rating downgrade and news that the Nat Gas producer will boost its … Read More
US Gold futures prices finished pit trade Monday and tapped a 4.5 month low. Most markets were under selling pressure due to the heightened European Union debt …
Gold Standard flawed, but best alternative to USD manipulation The present US monetary system is an “abysmal failure” and the value of the USD has been manipulated, … Read More
US Gold futures prices finished pit trade Monday and tapped a 4.5 month low. Most markets were under selling pressure due to the heightened European Union debt …
Wheat futures posted small losses at all 3 exchanges Friday in all but the May Minneapolis contract, which finished 0.1125 higher. On the week, Wheat futures extended … Read More
By Y 2050, our Planet will need 70% more food at a minimum than it does today to meet the expected rise in population from 7-B to …
Americans are buying nontoxic food A new report shows that US shoppers are spending more than $30-B to avoid foods with toxic chemicals. According to the latest … Read More
US Agriculture Meats (Hogs & Cattle) Markets Recap Jun Hogs closed slightly lower on the day after choppy trade Thursday. The market traded moderately lower early in …
US Agriculture Futures Weekly Recap Wheat futures finished mid-range with Chicago down 0.035 to 0.105, Kansas City down 0.06 to 0.08, and Minneapolis split with nearby’s … Read More
Chocolate fans convene at Resorts World Sentosa this May. Internationally-known chocolate chef Bruno Le Derf, Meilleur Ouvrier de France Chocolatier Confiseur (The Best Craftsman of France Chocolatier) …
MARKETS
ARA Asset Management aims to list a yuan-denominated real estate investment trust in Singapore by July, Dow Jones Newswires reported. The REIT – comprising ARA Asian assets – … Read More
China Nonferrous Mining Corp plans to raise up to HK$2.44 billion by selling 870 million shares through an initial public offering. The company is a spinoff of state-owned …
The Commerce Department said housing starts increased 2.6 percent to a seasonally adjusted annual rate of 717,000 units. March’s starts were revised up to a 699,000-unit pace … Read More
The Marriott Rewards® Premier Credit Card is a hotel rewards credit card that comes with FREE hotel night stays and instant BONUS points. To add to these …
“A tragedy is a representation of an action that is whole and complete and of a certain magnitude. A whole is what has a beginning and middle … Read More
Confirmed EuroZone in Recession The Big Q: has the EuroZone has slipped back into recession? The Big A: Yes. Data from Markit show that “EuroZone business …
US President Barack Obama’s bank of choice, JP Morgan Chase (NYSE:JPM) JPMorgan Chase & Co. according to US President Obama, despite the bank’s recent $2-B trading, is … Read More
Greece’s problems expose the huge gap between it and the rest of Europe Once more the talk of a Greek exit from the EuroZone are in vogue. We …
US Dollar Index (DXY) driving to 19 mo high The GBP Falls Below 1.60 The Dollar Index rallied to 81.55 in early trade as European woes continued … Read More
The Commerce Department said housing starts increased 2.6 percent to a seasonally adjusted annual rate of 717,000 units. March’s starts were revised up to a 699,000-unit pace …
CURRENCIES
US Dollar Index (DXY) driving to 19 mo high
The GBP Falls Below 1.60
The Dollar Index rallied to 81.55 in early trade as European woes continued …
Read MoreFinancial Services
Credit Card News: More Miles, Bigger Cash Bonuses for New Customers
The main difference with reward cards is that you are literally rewarded each time you spend money …
Read Morevideo
ANALYSIS
ARA Asset Management aims to list a yuan-denominated real estate investment trust in Singapore by July, Dow Jones Newswires reported. The REIT – comprising ARA Asian assets – … Read More
Asia will come under pressure today as the EuroCrisis continues to worsen.Greeks are said to have withdrawn at least 700 million euros ($890 million) from banks on … Read More
US President Barack Obama’s bank of choice, JP Morgan Chase (NYSE:JPM) JPMorgan Chase & Co. according to US President Obama, despite the bank’s recent $2-B trading, is …
Investor Services
Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …
Partner Site
US President Barack Obama’s bank of choice, JP Morgan Chase (NYSE:JPM)
JPMorgan Chase & Co. according to US President Obama, despite the bank’s recent $2-B trading, is …
The Hot List
Sky Power Solutions Corp (OTC:SPOW), INDOCAN RESOURCES INC (PINK:IDCN), JP Morgan Chase (NYSE:JPM)
Sky Power Solutions Corp (OTC:SPOW)
Looks way oversold this morning, there has been what appears to …
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Guest: LTN Partner Event: World Clean Coal Week India Focus 2012
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Guest: I'm investing in commodities like gold silver and oil, and losing my ass as a result.
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