Europe

EuroCrisis: Olli Rehn Trys to Talk up Economy

The European economy is suffering a mild and short-lived recession and is expected to witness a slow recovery at the start of 2-H this year and the next year, European Union (EU) Economic and Monetary Affairs Commissioner Olli Rehn said Friday, the statement shows how far from reality the European politicians now reside. Real economy [...]

EuroCrisis: Socialists in Greece

Greece’s radical Left coalition wants Euro, not Austerity The head of Greece’s Radical Left Coalition, Alexis Tsipras, said Thursday that he will “go as far as I can” to keep Greece in the EuroZone, despite declaring earlier this week that the Greek bailout agreement is “null and void” and should be abandoned. Mr. Tsipras, who [...]

Read More » No comment May 11, 2012

Why Greece Might Become a Black Swan Event

Why Greece Might Become a Black Swan On the eve of the Greek default I wrote regarding the possibility of the Greece action becoming a Black Swan, now it is clear that Europe is on the edge of a Black Swan Event. As deleveraging pressures grew towards the end of 2011, European banks offered for [...]

Read More » No comment May 11, 2012

Warren Buffett Wants Avon (NYSE:AVP)

Coty raises offer for Avon (NYSE:AVP) French cosmetics maker Coty Inc. Thursday raised its offer for Avon Products Inc. to 24.75/share, up another 1.50/share from its original offer. In a letter to the Avon board, Coty’s CEO notes that the latest offer represents a premium of 36% to Avon’s closing price before the initial offer, [...]

Read More » No comment May 11, 2012

Infineon Technologies (DE:IFX),(PK:IFNNY) to invest US$1.3-B in Malaysia

Infineon Technologies (DE:IFX),(PK:IFNNY) to invest US$1.3-B expansion in Malaysia German semiconductor maker, Infineon Technologies AG, announced on Thursday plans to invest 4-B Ringgit (US$1.3-B) to expand its operations in Malaysia’s northern Kedah state over the next 10 years. The company said it would build a new wafer fabrication facility called Kulim 2 that can produce [...]

Read More » No comment May 11, 2012

EuroCrisis: Goldman Sachs (NYSE:GS) and Greece

Goldman Sachs (NYSE:GS) is investigated on transactions with Greek government Goldman Sachs Group Inc. posted 1 day of trading losses in Q-1, according to a Quarterly regulatory filing. The loss was up to $25-M, the firm said. In contrast, Goldman reported 24 days of trading gains of $100-M or more. The Wall Street firm said [...]

Italy Begins to Purge Banks

Italian police carried out checks in the headquarters of Monte dei Paschi di Siena (MPS) bank on Wednesday for alleged stock manipulation. According to ANSA news agency, some 50 financial agents searched MPS, which is based in the central town of Siena, and questioned employees for evidence of suspected speculative dealing in stock exchange securities. [...]

Read More » No comment May 9, 2012

Germany Cashes in on EuroCrisis

German exports posted the highest monthly figure ever recorded in March, powered by strong demand from nations outside Europe, official figures showed Wednesday. The Wiesbaden-based Federal Statistical Office said that Germany exported commodities worth of 98.9-B Euros (US$128.6-B) in March, up 0.9% from February upon calendar and seasonal adjustment, beating previous figures ever recorded in [...]

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EuroCrisis: Merkel Committed to Austerity and Failure

EuroCrisis: Merkel Committed to Austerity and Failure German Chancellor Angela Merkel Monday ruled out re-negotiating Europe’s new fiscal pact on budget control and austerity, saying the “correct” path of combating EuroZone debt crisis would not be toppled due to country leader changes. Speaking at a press conference in Berlin, Merkel said reopening talks on the [...]

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ASEAN and the EuroCrisis

The emerging economies of the Asia Pacific (ASEAN) region will continue their growth pattern despite the continuing financial crisis in EuroZone, this was the consensus by monetary and economic officials during the recently-concluded 45th annual meeting of the Board of Governors of the Manila-headquartered Asian Development Bank (ADB). In his Keynote address at the meeting, [...]

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Investor Services

Private Equity Takes a Hit in Q1 2012

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 …