Hints and tips:
...Federal Reserve....
...Monday EU, December retail sales figures Germany, December factory orders UK, S&P Global/Cips construction purchasing managers’ index (PMI) data Results: Activision Blizzard Q4, Anima FY, JFE Holdings...
...Even the double-A-rated tranche — awarded the stellar rating by both Kroll and S&P — has slipped to a junk rating of double B....
...Which bank is responsible for having created the modern credit default swap when it sold off the risk of a credit line it had extended to Exxon? 17....
...But Abraão Alberto and his companions from the Nationalist Democratic Union, a rightwing political organisation, stood out....
...Credit Suisse, the first bank of its size and significance to strike a plea deal with federal prosecutors in more than two decades, agreed to hire a monitor as part of a related settlement with the New York...
...(Financial Times) Today: UK mortgage approvals, consumer credit. EU unemployment, CPI. US personal income, Chicago PMI, consumer sentiment....
...Andrew Hill ——————————————- ECONOMICS Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, by Charles W Calomiris and Stephen H Haber, Princeton University Press, RRP£24.95/$35...
...If the 787’s problems are confined to its batteries, the Dreamliner’s grounding could last for only days or a few weeks....
...guarantees credit union deposits....
...The S&P closed 2.9 per cent down....
...Led by the Federal Reserve, they slashed the cost of dollar liquidity to the global financial system, easing fears of a credit crunch in the eurozone and sending bearish investors scurrying to cover their...
...“This was a surprise, though slightly less so following Thursday’s strong Chicago purchasing managers’ report....
...Meanwhile, Irish sovereign credit default swap spreads tightened 25bp to 585bp after the weekend’s election....
...The other view sees all 2010’s investment activity as a game between investors and monetary authorities....
...Chairman Ben S....
...Gains in the US were curtailed after the Federal Reserve released its monthly Beige Book survey, which described “widespread deceleration” in the economy, led by slowing in New York and Chicago....
...Credit default swap spreads are mixed, seeing widening for Spain, Ireland, Italy and Portugal but narrowing for Greece....
...“So I thought I would put together a portfolio of S&P 500 stocks, with 85 per cent exposure, then used OEX [the S&P 100 index] positions as a hedge.”...
...Talk in the Chicago pits was that the mystery shopper for US debt was the government itself, in a move designed to keep a cap on rising long-term bond yields....
...The S&P 500 rose 2.2 per cent over the week, in spite of a steep fall for General Motors’ shares....
...The S&P 500 closed up 4.3 per cent, after having been down as much as 4.6 per cent....
...The Federal Reserve yesterday launched a new facility to restore liquidity for money market mutual funds and rates for inter-bank lending eased further....
...Alan Greenspan, former Federal Reserve chairman, told Congress that the global financial crisis was a “once-in-a-century credit tsunami” and he foresaw more lay-offs....
...The S&P homebuilder index shed 3.5 per cent at 414.53....
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