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Daily News Roundup 2012: Tuesday 3 April

Good morning The headlines: Petronas is planning a Canadian acquisition worth $5 billion. For my South African readers, the interest in Petronas is mainly because they own Engen, which has ingeniously partnered with Woolworths to make my Woolies experience a 24 hour experience. But the interesting part of this story is the reason behind it. […]

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Daily News Roundup 2012: Monday 2 April

Good morning The headlines: China’s Purchasing Manufacturer’s Index (PMI) rose to a one-year high of 53.1 for March, according to China’s National Bureau of Statistics. This is after last week’s freak-out when HSBC and Markit announced forecast a PMI falling below 50. Note: when the index falls below 50, this is seen as a sign […]

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Daily News Roundup 2012: Friday 30 March

Good morning The headlines: Oh MTN… Turkcell is accusing the Ayoba folk at MTN of having far too Ayoba a time in Iran. The dispute is over the Iranian mobile-phone licence (apparently – there is/was only one on offer). Turkcell got granted it first in February 2004, at which point MTN allegedly began ‘Project Snooker’,  as […]

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Daily News Roundup 2012: Thursday 29 March

Good morning The headlines: The MF Global story continues with breathless drama – as Edith O’Brian, the assistant treasurer who now lies at the centre of the $200 million transfer scandal – invokes her number-something amendment right to not testify in front of the House Financial Services Committee. On Monday, I wrote something about MF […]

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Daily News Roundup 2012: Wednesday 28 March

Good morning The headlines: To return to the ongoing Iran sanction saga, India is supposedly going to start paying for its Iranian oil in rupees. The Iranians would prefer to be paid in forex (who doesn’t?); and from what I can tell, current payments are taking place in Euros, with the majority of payments being […]

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Daily News Roundup 2012: Tuesday 27 March

Good morning The headlines: Dominique Strauss-Kahn, former head of the IMF, has been charged with “illegally procuring prostitutes”.  I realise that this is no longer finance-related. But juice is juice. And I was intrigued: because how do you illegally procure prostitutes? I was under the impression that either prostitution is legal or it isn’t. Apparently […]

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Daily News Roundup 2012: Monday 26 March

Good morning The headlines: For those of us that missed the Friday fun, I’m going to start with the BATS IPO debacle. *HILARIOUS*. And I know that I sound like a bit of a teenage girl for reacting that way, but I make no apologies. So BATS is an acronym for “Better Alternative Trading System” […]

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Daily News Roundup 2012: Friday 23 March

Good morning It’s Friday. The headlines: After the Agribank Branch story yesterday, China’s Agribank announced that its quarterly profits unexpectedly fell for the first time in 2 years. Net income declined 14% – and those 20 analysts from the Bloomberg survey were expecting a 17% increase! Awkward (again). The reason for the increase is given […]

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Daily News Roundup 2012: Thursday 22 March

Good morning The headlines: Japan has had an unexpected trade surplus for February! Everyone is surprised – particularly the 28 economists that called it dramatically wrong in the Bloomberg survey (just before a big announcement is made – most news agencies and/or traders will do a quick phone-around to get a general feeling of what […]

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Daily News Roundup 2012: Wednesday 21 March

Good morning The headlines: Oil has rebounded from its biggest decline in 3 months. Observation: the price oil movement never ceases to be dramatic in Bloomberg’s eyes. “Biggest increase in two weeks”. “Two day high”. “Biggest decline in three months”. Well obviously – the minute you throw in a frame of time reference, things just […]

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