Credit
US Jobs Data
US jobless claims down below 400,000 threshold The number of US workers initially applying for unemployment aid last week dropped below the threshold of 400,000 for the first time since August 6, the US Labor Department reported Thursday. The department said the advance figure for seasonally adjusted initial claims for jobless benefits was 391,000 last [...]
Eastman Kodak Co. (NYSE:EK) Debt Issues
Kodak drew US$160-M from Credit Line EK, CMA The cost to protect Eastman Kodak Co. (NYSE:EK)’s debt from default rose to the highest level in more than a month after the 131 anni camera maker drew down US$160-M from its revolving bank credit line. Credit-default swaps linked to the Company rose 2.2 percentage points to [...]
Anatomy of The Weeks Sell Off
Anatomy of The Weeks Sell Off Red’s Bull Trader Alert: The primary trigger for the rebound Friday came from EU policymakers suggesting additional steps will be taken to support Europe’s financial system. Ewald Nowotny, European Central Bank Governing Council member, said it might be advisable for the ECB to add more liquidity into the banking [...]
Crisis in Greece Brings More Cuts
Greece announced on Wednesday evening a fresh package of austerity measures to weather the debt crisis that threatens the EuroZone country with default. Up to 30,000 civil servants will be dismissed by the end of Y 2011 through a labor reserve program, according to a statement following a marathon cabinet meeting chaired by Prime Minister [...]
China Will be Recognized as a Market Economy
The European debt crisis may lead to increased trade friction and hurt China’s exports, Shen Danyang, Ministry of Commerce spokesman, said Tuesday. Recent months have seen an increase in European Union (EU) trade remedy cases targeting China. In mid-September the EU imposed anti-dumping duties ranging from 26.3 to 69.7% on imports of ceramic tiles from [...]
Greece Economic Outlook
Greek Finance Minister Evangelos Venizelos made “good progress” in the 2nd round of talks with the European Union (EU) and International Monetary Fund (IMF) aimed at staving off default, the EU said. The telephone meeting late Tuesday, which followed discussions on Monday, were intended to dampen concerns that Greece may miss deficit-reduction targets required to [...]
China Growth Under 9%
China’s GDP likely to fall below 9% in Y 2012 China’s economy is likely to grow at a rate of less than 9% next year, due to the slowing Global economic recovery of the largest developed countries, China Daily reported Wednesday. If the Global demand fails to improve next year, China’s economic growth may fall [...]
Italy and the Euro Crisis
ECB chief urges Italy to adopt emergency budget Italy must immediately adopt the measures in its emergency budget to secure public finances and keep promises over public debt reduction, European Central Bank chief Jean-Claude Trichet said Friday. “The measures announced by the cabinet are crucial to cut public debt and increase economic flexibility, ” he [...]
The QE3 Tool Box
The US Fed’s Tool Box Update Tuesday the US Federal Reserve board released minutes from the August 9th meeting. The details of the meeting told us that the nation’s bankers are divided as to how to move the slowed US economy forward. The notes said that the leaders of the World’s largest central bank have [...]
Hong Kong fiscal reserves reach 75.4 billion USD
Hong Kong fiscal reserves reach 75.4 billion USD Hong Kong’s Financial Services and the Treasury Bureau said Wednesday that the fiscal reserves stood at 588.3-B HK Dollars (about US$75.4-B) at the end of July. Statistics showed that government expenditure in July was 29.6-B HK Dollars, with revenue of 27.4-B HK Dollars, resulting in a deficit [...]
Russia Outlook Stable Rated A-3
S&P confirms Russia’s “stable” credit ratings International rating agency Standard & Poor’s (S&P) confirmed Russia’s stable sovereign credit ratings on Wednesday, giving A-3 for its short-term foreign currency sovereign rating, and BBB for long-term. The long-term rating for Russia’s ruble-nominated bonds remains at BBB+ level, while short-term rating is re-confirmed at A-2 level, S&P said. [...]
Politics and Unemployment
US House Speaker Boehner urges President Obama to reschedule his jobs speech House Speaker John Boehner has asked US President Obama to postpone his planned jobs speech by a day, after the White House announced Wednesday that it was scheduling the address for the same night as a GOP 2012 primary debate in California. The [...]
Market Focused on US Unemployment Data
This is a big week for unemployment data, 3 days of unemployment news ill set the tone for The Fed action in September, so do not sell on bad news. This is one of those times where good and bad news are all good. Should the data be positive markets should rally, if it comes [...]
The Fed See Reason to Act on Economy
US’ economic recovery and labor market still weak The US Federal Reserve said Tuesday that the pace of the Country’s economic recovery continues slow, and the labor market conditions are still weak. Revised governmental data for Y 2008 through Y 2010 indicated that the recession was deeper than thought and that the level of real [...]
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China Economy in for a Shock
Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …
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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 …
Commodities; Crude Oil ends the Week 2.3% Lower, Nat Gas Gains 4.4%
Jul Crude Oil lifted off its session low of 93.04 set moments after floor trade …
The Hot List
Roulette, The Devil’s Game
All of the numbers on a Roulette Wheel add up to 666, hence, that is why roulette is referred to as “The Devil’s Game.”
Roulette …
shoutbox
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Tue, 04/30/13 | 0 Comment
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Fri, 04/19/13 | 0 Comment
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