Category: business news

Categories

Daily News Roundup 2012: Tuesday 20 March

Good morning The headlines: Today is the day after March 19th: the ISDA of March (four days after the ides of March – historians, take note). The credit-default swap option auction took place. Dealers agreed to a final value for Greek Bonds of 21.5% of face value at auction. This means that the CDS sellers […]

read more

Daily News Roundup: Monday 19 March

Good morning The headlines: For a while now, there has been a lot of talk about Chinese home prices and a “hard landing”. The IMF’s Zhu Min (a deputy managing director) emerged over the weekend to tell everyone that China is heading for a “soft landing”. “Even as government data showed property prices falling in […]

read more

Daily News Roundup 2012: Friday 16 March

Good morning The headlines: Today, the iPad 3 goes on sale. Should I say that it started going on sale today? As the timezones clicked over, so the Apple stores across the East have started opening. Typically, there are the crazies who have been queueing in a Harry-Potter-esque type fashion since March 14 (“I just […]

read more

Daily News Roundup 2012: Thursday 15 March

Good morning The headlines: So, the really big news that’s been rocking Goldman’s world: The Astonishing Case of the Former Executive and the “toxic and destructive” culture of Goldman Sachs. If anyone hasn’t read it, you should (Link: The Letter). The GS folk are laying it on thick with the “sour grapes” line. However, can I […]

read more

Daily News Roundup 2012: Wednesday 14 March

Good morning The headlines: A US Government report has shown a 1.1% increase in retail sales for February (equivalent to around 13% per annum). Despite this improvement in retail sales, and the recent improvement in employment figures, the Fed announced that it will not be tightening monetary policy at this time. The question really is: […]

read more

Daily News Roundup 2012: Tuesday 13 March

Good morning The headlines: In the more boring segment, the EU Finance Ministers are meeting this week to approve the Greek bailout package payment. Is that their official job description? “Hi, my Name is Eufin Anceminister, and I approve Greek bailouts”? Because that’s all they seem to do. They must have good snacks. It makes […]

read more

Daily News Roundup 2012: Monday 12 March

Good morning The headlines: The Greece deal will trigger Credit-Default Swaps, according to the ISDA (International Swaps and Derivatives Association). Contrary to popular (read: “my”) belief (read: “erroneous understanding”), the Greek government was going to use the CACs regardless. I get the impression that Greece needed the 75% participation in order to activate the CACs […]

read more

Daily News Roundup 2012: Friday 9 March

Good morning The headlines: The Greek Debt Swap deadline has passed, and unofficial reports indicate that there was at least an 85% participation rate. The final result will be released later today. But if the participation rate is correct, no collective action clauses, no CDS trigger, and no default this time. Link: 85% participation rate. The […]

read more

Daily News Roundup 2012: Thursday 8 March

Good morning The headlines: Around 60% of private bondholders have signed up for the Greek Debt swap, according to Bloomberg. Obviously, that includes most of the big banks and insurers, who will hold the biggest volumes of greek bonds. The real question is, as a private bondholder, would I actively volunteer to take the swap? […]

read more

Daily News Roundup 2012: Wednesday 7 March

Good morning The headlines: The S&P 500 index has had its biggest decline of 2012, as fears build up around the Greek debt swap deadline (tomorrow). But at the same time, yesterday was just a day for bad news in general: with China cutting its growth target, Brazil announcing a growth rate for last year […]

read more
Pages 33 of 36