Hints and tips:
...But less global focus can mean missing out....
...These bondholders, holding $3bn of paper, were willing to take their recovery in new Hertz shares and were also purchasing more equity to fund the restructuring....
...Another well-known investment house — Soros Fund Management — has been topping up its bank holdings....
...Appearing via video link from a locked down Madrid, Ms Botin said those estimates were based on a “V-shaped” recession — a sharp shock followed by a rapid recovery, but stressed this was only one possible...
...A danger of releasing some of the pressure that has held down borrowing costs is that tighter monetary policy chokes off economic recovery....
...Indeed, outside of manufacturing, which is in a global downturn, the economy looks robust....
...Global stocks took a heavy hit and US Treasury prices extended gains as the cautious tone of the Federal Reserve’s latest policy statement seriously undermined confidence among market participants....
...Mr Paulson’s Recovery Fund, which according to an investor is up 35 per cent this year, has had some spectacularly good bets. Among its two largest holdings are mortgage insurers MGIC and Radian....
...(Financial Times) The UK’s Vince Cable has criticised the Bank of England’s “capital Taliban” for holding back a recovery: Cable told the FT he believes the BoE has held back small business lending by demanding...
...He notes, too, that the UK’s recovery is built on sand....
...has asked a federal court to add six more products to its patent infringement lawsuit against Samsung Electronics Co, including the Samsung Galaxy Note II, in the latest in move in an ongoing legal war...
...Each was followed by a rescue, and a market recovery – but each time the recovery was weaker, and ended more swiftly....
...“The V-shaped recovery in corporate profits seems to be at an end,” warned Barry Knapp, chief US equity strategist at Barclays Capital....
...Previously investors betting on an economic recovery and rising rates had been putting money into leveraged loans, which pay a floating rate....
...Reserve has accused China of damaging prospects for a global economic recovery through its deliberate intervention in the currency market to hold down the value of the renminbi, the FT reports....
...Mr Berkoff echoes that, predicting that although the financial crisis did not lead to the expected wave of bankruptcies, the economic recovery could do exactly that....
...Optimism about the strength of the global recovery and the outlook for energy demand pushed up the oil price....
...Another important element in rebalancing the city’s balance sheet is to clarify the extent of support for elements of Dubai Inc such as Dubai World and Dubai Holding, the investment groups....
...“Proponents of a V-shaped [economic] recovery are underestimating how much rising unemployment and an unstable structure of indebtedness can lengthen and deepen this recession,” says Sandy Chen, banks analyst...
...We want Dubai to be the first place to rebound when the recovery starts.” He said the Dubai government would stand behind companies that needed help in the refinancing of their debt....
...But can that spirit lift the US or global economy? Are politics, policies or natural economic forces able to start a recovery from this autumn’s nosedive?...
...CSFB said Aviva’s market position made it ideal to play any recovery in the UK savings market....
...The company said it expects more of the same as the recovery in the international art market continues....
International Edition