News In Brief
Timothy F. Geithner Takes on Sinaloa Cartel Drug Lord “El Azul”
December 12 WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced the designation of one entity and three individuals linked to Juan Jose Esparragoza Moreno (a.k.a. El Azul), a leader of Mexico’s Sinaloa Cartel. Today’s action, pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), prohibits U.S. [...]
Chateau Bellefont-Belcier in Bordeau Sold to China
Chateau Bellefont-Belcier in Bordeau A Chinese industrialist recently completed the landmark purchase of Chateau Bellefont-Belcier, a leading estate in France’s prestigious Saint Emilion wine-making area. The property is the Top of its rank; Grand Cru Classe to be acquired in what has been a wave of Chinese investment in the Bordeaux region. The new owner is [...]
Ford NYSE:F recalls Fusion for 2nd time in 2 wks
Ford NYSE:F recalls Fusion for 2nd time in 2 wks Ford Motor Co. is recalling 19,106 2013 Fusion sedans in the United States to replace faulty headlamps, The Chicago Tribune quoted federal safety officials as saying Friday. Ford said in documents filed with the National Highway Traffic Safety Administration that the headlamps on the Y [...]
Mercosur to enhance economic ties with China, EU
Mercosur to enhance economic ties with China, EU Leaders of South America’s largest trade bloc, Mercosur, reaffirmed Friday their intention to bolster economic ties with China and the European Union. In a joint statement issued after their bi-annual summit, leaders of the Common Market of the South, Mercosur, countries expressed their interest in promoting two-way [...]
China to Invest in Banks
The People’s Bank of China PBOC, the central bank, added more cash into banks through open market operations this week after seeing actual liquidity drain for 4 wks. An additional 11-B RMB (US$1.77-B) of capital has flowed in the market this week from the previous week. The bank on Thursday unleashed 117-B Yuan into the [...]
This Week on the Earnings Front in the USA
This Week on the Earnings Front in the USA Less than 10 companies covered by LTN will report their Quarterly results next week. Adobe Systems NASDAQ:ADBE 35.45, +0.31, Dollar General NYSE:DG 46.98, +0.55, and Costco NASDAQ:COST 98.82, +0.35 are the notable names among those scheduled to report. Tuesday morning: Dollar General is expected to report [...]
China urged to open its capital market wider foreign institutional investors
China urged to open its capital market wider foreign institutional investors BNPNY China should open up its capital market wider to foreign institutional investors to invigorate the country’s equity market, a senior economist said Friday. “Investment by overseas institutional investors will add impetus to the development of China’s equity market that has stuck in the [...]
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Gold, Silver and Oil Price preview
The Overall Fundamentals Precious Metals Gold recorded gains for the 4th week running driven by the ECB’s new asset purchases and then by the Fed’s Big Stimulus announcement. The precious Yellow metal gained momentum after cracking the 1700 resistance in early September. The next resistance is a the 1792/1804 zone. While I [...]
US Gasoline prices fall, where is the bottom?
US Gasoline prices fall, where is the bottom? US consumers got a break from the slowing economy as gasoline prices extended their 3-month decline, but the cost of filling the tank may soon head back up, a survey said Sunday. The Lundberg Survey said the national average price of self-serve, regular gasoline was $3.41 on [...]
A Closer Look at TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF)
TAG Oil Reports 300% Increase in Reserves, 227% Increase in Production Revenue & Strong Year End Financial Results TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), a Canadian-based production and exploration company with focused operations in New Zealand, reports the Company has filed its March 31, 2012 consolidated, audited financial statements, management discussion and analysis [...]
U.S. Bancorp (NYSE:USB) Foundation Gives $75,000 to Colorado Wildfire Relief
Jun. 29, 2012– The U.S. Bancorp Foundation, in response to the devastating wildfires in Colorado, is contributing $75,000 to local relief efforts of the American Red Cross. Also, U.S. Bank has a hardship program for customers impacted by the Colorado wildfires. U.S. Bank customers should contact their local branch for additional details. “U.S. Bank is [...]
Barclays (LON:BARC) Chief Executive Bob Diamond and the Chairman of the Treasury Committee
Barclays Chief Executive Bob Diamond has sent the following letter to Mr Andrew Tyrie MP, the Chairman of the Treasury Committee, this evening: Mr Andrew Tyrie MP Chairman, Treasury Select Committee 7 Millbank House of Commons London SW1P 3JA 28 June 2012 Dear Andrew You indicated in comments to the media yesterday that you plan [...]
Fidelity Bank Acquires Assets and Deposits of Security Exchange Bank in FDIC Transaction
As of March 31, 2012, Security Exchange Bank had approximately $151.0 million in total assets and $147.9 million in total deposits. Security Exchange Bank operated two branch locations in Marietta, Georgia. Fidelity Bank assumed both insured and uninsured deposits. Both former Security Exchange Bank locations will open as normal on Monday, June 18, at their [...]
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Dow Jones Industrial Average (INDEXDJX:.DJI) Short Sell Alert
Shayne Heffernan takes a look at the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI)
Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish
A long upper shadow occurred. This is typically a bearish signal (particularly when …
Commentary
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UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
Dow Jones Industrial Average (INDEXDJX:.DJI) Short Sell Alert
Shayne Heffernan takes a look at the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI)
Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
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Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
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