Rates & Bonds
Global Financial Report, Shayne Heffernan
Having hit recent lows at the end June, so called risk assets have recovered most of those losses, but there are some noteworthy deviations that strongly suggest caution remains.
Measuring the rebound, the S&P 500 has recovered the majority of its losses since the end of June, and is now eagerly re-testing the key 1075/80 breakdown [...]
Abhisit Vejjajiva Popularity Soars in Thailand
Thailand Prime Minister Abhisit Vejjajiva is fast becoming the most popular PM in Thailand’s history, this week he received the highest confidence vote of any cabinet minister in a survey of people in 30 provinces, Bangkok Poll of Bangkok University.
The Bangkok Poll said it surveyed people around the nation on “How People Feel about [...]
Bank of America scraps overdraft fees
Bank of America said Wednesday that it is ending debit overdraft fees on purchases this Summer. With Bank of America’s new policy, debit card purchases that would push checking account overdraft will be declined for new customers beginning in June, and for existing customers starting in early August.
Customers who attempt to withdraw insufficient funds at [...]
US Fed holds Key interest rate near Zero
The US Federal Reserve said Wednesday that the US economic activity has continued to “pick up,” and it decided to keep a Key interest rate unchanged at a record low of between Zero to 0.25 % to help buildup the economy.
Information received recently suggested that “economic activity has continued to pick up and that the [...]
Goldman Sachs Gets to Work on LVS IPO in Hong Kong
This morning I have seen the documents in relation to a bond offering by LVS for $400m needed to restart construction of its stalled resort in Macau. The interesting part of the documents prepared by Goldman Sachs is that the convertible debt may be for the IPO shares.Confirming the LVS plan to run an IPO [...]
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