Hints and tips:
...This basic approach seems appropriate so long as the default reflects a political impasse and not any underlying inability of the United States to meet its obligations, so that all payments on defaulted...
...In his state of the nation address in October, he said more than 700 cases had been pursued and some $4bn in stolen state assets recovered....
...The currency just keeps on going and even oil holding above 52.00/bbl in WTI is not enough to lend some support.” Your feedback I'd love to hear from you....
...(0.00%) at 5,317 Dax unchanged 0.00 (0.00%) at 12,861 Currencies €/$ 1.18 (1.19) $/¥ 113.01 (112.10) £/$ 1.34 (1.35) €/£ 0.8818 (0.8818) Commodities ($) Brent Crude (ICE) down -0.30 at 63.43 Light Crude...
...(0.00%) at 5,399 Dax unchanged 0.00 (0.00%) at 13,126 Currencies €/$ 1.18 (1.18) $/¥ 112.75 (112.53) £/$ 1.34 (1.34) €/£ 0.8804 (0.881) Commodities ($) Brent Crude (ICE) up +0.44 at 62.88 Light Crude...
...We are seeing that reflected in relatively poor retail sales and a service sector where activity in general is now more or less flat....
...A burger in the second year might be a much better burger — it could be tastier or healthier or presented in a more appealing way....
...They are united in judging Brexit will shrink the economy but are incredibly uncertain by how much....
...Forex The dollar index — a measure of the US currency against a weighted basket of peers — swung in and out of positive territory and was last down less than 0.1 per cent at 103.00, not far from a 14-month...
...up +64.57 (+0.97%) at 6,738 CAC 40 down -0.74 (-0.01%) at 4,997 Dax unchanged 0.00 (0.00%) at 11,484 Currencies €/$ 1.10 (1.10) $/¥ 123.32 (123.42) £/$ 1.55 (1.55) €/£ 0.7097 (0.7102) Commodities ($)...
...(FT) Video of the day Martin Wolf on Grexit The Greek state is running out of cash and there may be no rescue this time. Martin Wolf talks about what happens in the case of a default....
...“Just adding more speed or neurons or processing units doesn’t mean you end up with a smarter or more capable system. What you need are new algorithms, new ways of understanding a problem.”...
...Nikkei 225 up +0.27% at 15,308 Topix up +0.21% at 1,263 Hang Seng up +1.45% at 23,198 Shanghai Composite up +0.65% at 2,039 MSCI Asia ex-Japan up +0.99% at 487.34 CNX Nifty down -1.00% at 7,493 Currencies...
...(Financial Times) “Chinese Premier Li Keqiang said economic growth of slightly more or less than 7.5 percent this year would be acceptable as long it still led to new jobs and higher wages, the official...
...“There are other stocks that have exposure to the US recovery, with more transparency and less trouble.””...
...Friday 20:00 GMT....
...Europe for talks on a united response to a crisis which has shaken the continent....
...(Financial Times) “Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday....
...(Financial Times) “Finmeccanica has agreed to sell its power-equipment business, Ansaldo Energia, to an Italian state-run fund, in a deal valued at more than €1 billion ($1.36 billion) to Italy’s biggest...
...in The National, the Abu Dhabi state owned newspaper....
...That’s more or less the empty set.” The closest to this he ever found were the Free Democrats in West Germany. This inevitably leads us to today’s Germany and the eurozone crisis....
...JAL relisted on the Tokyo Stock Exchange on Wednesday in the second-biggest IPO this year after Facebook’s, less than three years after filing for bankruptcy....
...The economy expanded 7.5% in 2010, the fastest pace in more than two decades, but last year slowed to 2.7% and this year is expected to grow 2% or less....
...The regulator says the bank engaged in “wire stripping”, or removing codes that identify Iranian clients from money transfers (Financial Times)....
...We don’t expect to add any significant country or carrier additions in the September quarter. Adverse currency impact of $400m expected in the quarter. 2.25pm Tim talks about iPhone expectations....
International Edition