May 17, 2012 -- Updated May 18, 2012 01:02 HKT
Need to Know
More Insiders Dump FaceBook NASDAQ:FB
Goldman Sachs Group Inc. (NYSE:GS) will sell 28.7 million of the 65.9 million shares they own, more than twice the amount planned.
The shares are being offered in a range of $34 to $38 apiece, meaning the stock being sold in this week’s IPO is valued between $975 million and $1.09 billion. It seems that price is very attractive to insiders as they palm off large chunks of their holdings to unsuspecting retail investors.
The IPO, the largest by a technology company, would value Facebook at $104 billion at …
Read MoreAsia Stock Market Outlook, Bangkok Bank, UOB, DBS
The MSCI All-Country World Index lost as much as 0.8 percent to extend its retreat from this year’s peak to 10 percent. Russia’s Micex Index entered a bear market, dropping 21 percent from this year’s March 14 high, while Brazil’s Bovespa index also was poised to slump more than 20 percent from its peak. The S&P 500 has fallen 7.5 percent since reaching an almost four-year high on April 2.
Asian banks have been oversold, Bangkok Bank, UOB, DBS represent real value today
Markets will be trading lower …
Read MoreMoonrise Kingdom Opens Cannes
Bruce Willis, Bill Murray praise Wes Anderson’s directing style at a lighthearted event prior to opening night gala.
Bill Murray brought his particular brand of fun and laughter to Cannes as he discussed his relationships with filmmakers and, in particular, directors.
“Sometimes when you work with a director you know you not only may never see him again, sometimes you hope you never seen him again,” Mr. Murray told a packed press conference after a screening of Wes Anderson’s Moonrise Kingdom, which opened this year’s Cannes Film Festival …
Read MoreChina Confident of Growth
Consumer confidence in China highest in 7 yrs
China’s consumer confidence in Q-1 of Y 2012 was the strongest since Y 2005, according to a report by the international market research firm Nielson Thursday.
Nielson’s consumer confidence index in China hit 110 in Q-1, up from 108 in the prior Quarter and the highest since Y 2005, said a statement from the company.
And China’s index ranked the 4th highest among the 56 countries and regions surveyed by Nielson, India topped the list, the statement said.
Amid a complex global economic …
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| 1.37 AM | Manufacturing Slow Down in the USA |
| 1.26 AM | Moonrise Kingdom Opens Cannes |
| 1.10 AM | Obama Keeps Americans Out of Myanmar |
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The MSCI All-Country World Index lost as much as 0.8 percent to extend its retreat from this year’s peak to 10 percent. Russia’s Micex Index entered a …
Read MoreInvestment Banking
- Investing and Retirement
- Daily Trading Outlook FX, Gold, Oil, Equities
- Private Equity Takes a Hit in Q1 2012
- Trade Alert: JP Morgan Chase (NYSE:JPM) An LTN Aristocrat Stock
- The Gold Standard and the USD
- The Hot List BRFH, IDCN, AEMC, IZEA
- On the Economic Front in the USA
- GSV Capital Corporation (NASDAQ: GSVC) and Facebook (NASDAQ:FB)
COMMODITIES
We always hear that the most expensive gasoline at the pump is in the UK, it is not, according to stats from commercial car insurer Staveley Head, … Read More
Gold, Silver and Crude Oil Trade US Gold futures ended pit trade higher, and near the high on Thursday. Traders and investors came in to buy the dip …
Gold, Silver and Crude Oil Trade US Gold futures ended pit trade higher, and near the high on Thursday. Traders and investors came in to buy the dip … Read More
JPMorgan Chase & Co. (JPM) declined 0.9 percent to pace losses in financial companies. Limited Brands Inc., owner of the Victoria’s Secret lingerie chain, slid 2 percent …
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
The MSCI All-Country World Index lost as much as 0.8 percent to extend its retreat from this year’s peak to 10 percent. Russia’s Micex Index entered a … Read More
Wal-Mart’s (NYSE:WMT) post strong profits, market ignores bribery probe Wal-Mart Stores Inc’s quarterly profit and sales surpassed expectations Thursday as more people shopped its established US stores …
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 …
The MSCI All-Country World Index lost as much as 0.8 percent to extend its retreat from this year’s peak to 10 percent. Russia’s Micex Index entered a … Read More
US study suggests, Coffee drinkers live longer Coffee, caffeinated or decaffeinated, may help extend the lives of people who drink it daily, a US study found. Men …
JPMorgan Chase & Co. (JPM) declined 0.9 percent to pace losses in financial companies. Limited Brands Inc., owner of the Victoria’s Secret lingerie chain, slid 2 percent … Read More
Don’t give up on Gold yet Economist Shayne Heffernan said in a note to traders today, he added that Gold may still reach $2000 in 2013. Central banks …
CURRENCIES
JPMorgan Chase & Co. (JPM) declined 0.9 percent to pace losses in financial companies. Limited Brands Inc., owner of the Victoria’s Secret lingerie chain, slid 2 percent …
Read MoreFinancial Services
Most (71 per cent) Boomers can’t wait to spend their time as they wish in retirement, but four-in-10 (42 per cent) of those not-yet-retired expect managing cash …
Read Morevideo
ANALYSIS
Gold, Silver and Crude Oil Trade US Gold futures ended pit trade higher, and near the high on Thursday. Traders and investors came in to buy the dip … Read More
Most (71 per cent) Boomers can’t wait to spend their time as they wish in retirement, but four-in-10 (42 per cent) of those not-yet-retired expect managing cash … Read More
The MSCI All-Country World Index lost as much as 0.8 percent to extend its retreat from this year’s peak to 10 percent. Russia’s Micex Index entered a …
Investor Services
Most (71 per cent) Boomers can’t wait to spend their time as they wish in retirement, but four-in-10 (42 per cent) of those not-yet-retired expect managing cash …
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Partner Site
Don’t give up on Gold yet Economist Shayne Heffernan said in a note to traders today, he added that Gold may still reach $2000 in 2013.
Central banks …
We always hear that the most expensive gasoline at the pump is in the UK, it is not, according to stats from commercial car insurer Staveley Head, …
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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