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Thursday, December 2, 2010

Wall Street Gets Wikileaks diluted version

The deed is done, and the world is a better place. At least the stock market is higher. The Federal Reserve, pursuant to a provision of the Dodd-Frank legislation on financial regulation, released details on its website yesterday in lending that took place between December 1, 2007, and July 21, 2010. We now know that was on the receiving end of the Fed credit for the financial panic of 2008 and its aftermath, the number of these institutions provided, when asked to borrow, what interest rate you pay and how much and what kind of guarantees that pledged to secure loans from the Federal Reserve. For example, we learned that Bank of America...

PepsiCo Agrees to Buy 66% of Wimm-Bill-Dann for $3.8 Billion

PepsiCo Inc., the world's largest maker of sweets, agreed to buy a majority stake in Wimm-Bill-Dann Dairy & Juice Co. for $ 3.8 billion to become the largest food and beverage company in Russia. PepsiCo buys 66 percent of Wimm-Bill-Dann, and plan to bid for the remainder, subject to government approvals, the companies said today. The price of U.S. $ 33 per share is 32 percent more than average in the last 30 days, they said. This is the biggest purchase yet to strengthen PepsiCo beverage business in Russia, following the 2008 acquisition of a controlling stake in OAO Lebedyansky, the country's largest juice maker. Wimm-Bill-Dann, whose brands include dairy products and baby foods Agusha chudo has nearly doubled its sales since 2005. "PepsiCo has acquired one of the best Russian domestic...

Fed may be "Central Bank of the world after UBS, Barclays Help

Federal Reserve data shows UBS AG and Barclays Plc, is among the main users of $ 3.3 billion emergency programs is to revive the debate on whether U.S. regulators have a responsibility to help banks of other nations. UBS is the largest borrower under the Commercial Paper Funding Facility, with 74.5 billion in general, more than twice as much as Citigroup Inc., the largest recipient of U.S. Bank, according to data released yesterday. Barclays Plc was the largest single amount under another program that makes loans to one day, when it got 47.9 billion U.S. dollars on September 18, 2008. "We're talking huge sums of money going to bail out major...

Lau billionaire Christie Raise $ 16.7 million birds in Hong Kong Record

HK Hong Kong billionaire Joseph Lau 129.5 million U.S. dollars ($ 16.7 million) purchase of two pairs of imperial statues Christie's International crane lifted to its highest total in Hong Kong, auctions, propelled by Chinese buyers. Christie's sold 3.18 billion U.S. dollars for Hong Kong art and collectibles over a week, including yesterday $ 1,130,000,000 Hong Kong auction of Chinese antiques. Total company based in London, Hong Kong remained in the region ahead of Sotheby's, which held its own record HK $ 3090000000 for sale in the city in October. "There are some very aggressive offers out there," Johnny said Chong, 50, a Hong Kong collector who paid HK $ 1.2 million for an imperial edict of the Qing dynasty, with an estimate of HK $ 60,000 on behalf up pre- a collector of land. "Prices...

Natural Gas Trade settlement helps improve heating oil

The natural gas market in New York as head shrinks prices, the fall of the first three years of history, helping to expand trade in heating fuel. Open interest in gas futures and options has fallen to its lowest level in more than five years, while heating oil contracts have jumped the most since at least 1995, according to data from the Commodity Futures Trading Commission. Gas has fallen 52 percent since 2007, the most recent year in which the fuel purchased in the New York Mercantile Exchange. The increase in gas production is to curb the price changes that traders seek to boost returns while the prospects for U.S. economic recovery are driving the fluctuations in the heating oil that is refined from crude oil. Gas production in the U.S., intensified by the drilling of the board, you...

Structured Bond Market Gets Lift From $ 269 billion of oil Plan

Brazil planned 461 billion reais ($ 271,000,000,000) of investment in its oil and gas industry is to stimulate interest in sales of structured bonds, as companies take advantage of investor demand for debt on oil reserves of the nation. Odebrecht Oil and Gas, the oil services company that operates two state-owned boats for Petroleo Brasileiro SA, sold $ 1.5 billion of bonds last month linked to the drilling revenues in the first bond offering reference project. The 6.35 percent rate of interest is "competitive" with bank loans, Marco Campos Rabello, director of structured finance in Salvador, Brazil-based oil and gas business, said in an interview. "I am very sure that there will be follow-on offers early next year," said Dan Vallimarescu, managing director and head of American capital markets...

Pending sales of U.S. existing homes a record increase of 10%

More Americans unexpectedly signed contracts to buy existing homes in October, easing concern that the lack of government support is to destabilize the housing market. The rate of home sales rose in anticipation of a record 10 percent after falling 1.8 percent in September, the National Association of Realtors said today in Washington. The median forecast in a survey called for a decline of 1 percent. The group's data back to 2001. Low borrowing costs and lower prices may attract some buyers, helping the house to regain its footing after the end of a tax credit demand caused the depression. Even so, increased foreclosures and unemployment near 10 percent indicate that the industry in the middle of the last downturn will take years to recover. "The fundamentals that are driving home sales...

Dale says UK cuts to the budget will not derail recovery as inflation BOE Monitors

Bank of England chief economist Spencer Dale said the government's budget tightening will not "derail" the economic recovery and the central bank remains as determined as ever to tackle inflation. "The direct impact of this reduction in spending is" unlikely to derail the recovery, "Dale said in a speech released in London yesterday afternoon. While it is "undoubtedly slowing the growth," the "substantial stimulus of monetary policy and the lowest level of sterling should ensure that the recovery continues." The Bank of England kept its key interest rate at a record low of 0.5 percent in November, officials from the division in politics as inflation remained above the government's limit of 3 percent. fiscal control agency of the Treasury said on 29 November that the British economy faces...

Bankruptcy of Iceland to the recovery of a model does not follow Ireland

Iceland is betting on its decision two years ago to force the bondholders to pay for the collapse of the banking system can help you recover quicker from Ireland. Iceland's taxpayers face a debt burden smaller than their counterparts in Ireland, where the Government's guarantee of the financial system in 2008 failed this year, when banks approached insolvency. Icelandic budget deficit will be 6.3 percent of gross domestic product this year and will disappear by 2012, compared with a deficit of 32 per cent in Ireland, the European Commission estimates. While analysts expect the recession of Iceland to extend until next year, the nation's exporters are benefiting from a decline of 28 percent in the krone against the dollar since September 2008. This reduction can help the nation of 320,000...

Supports Yuan debt crisis in Europe with biggest rise in Asia

China's yuan is rising faster in Asia, investors from UOB Asset Management Ltd. Union Investment predicting the world's largest foreign exchange reserves will help the currency to debt crises spread in Europe and the tensions on the Korean peninsula . The yuan rose 0.6 percent against the U.S. dollar in the last month, while the South Korean won fell 2.8 percent. China's currency was the second best artist among the 25 emerging markets after the Chilean peso, which gained 0.8 percent. The yuan will advance 6.6 percent late next year, the highest recognition in the BRIC countries Brazil, Russia, India and China, according to the median estimates...

Bank of America Balance Confidence creeps back

The more we learn about gaffes documentation of the mortgage industry, the tracks get more worrying than the financial statements of some of our largest banks may be less reliable than anyone imagined. This is the last thing: Thanks to a court ruling on November 16 in Camden, New Jersey, we now know that an employee of Bank of America Corp., Linda DeMartini, said last year that the lender usually retained possession of the letters Mortgage notes and related documents, even after the loans were packaged into bonds that were sold to investors. If we are to believe what he said, raises the possibility that some of these loans should remain on...

Lou Crandall as accurate forecaster says this too shall pass by the U.S.

In 1980, the U.S. economy was in the midst of a severe recession and jobs were not easy to find. So Lou Crandall, after earning a bachelor's degree with emphasis in economics from Cornell University and resumed scattered everywhere. One went to an employment agency looking for bilingual workers. Crandall had spent five years of his childhood in Italy, where his father taught in an American school, and spoke in इतालियन. As it happened, the head of the employment agency is married to an economist at the Federal Reserve Bank of New York, and was seeking a research assistant. "A resume with lots of courses in economics and a bit of information...

rate of food inflation in India fell to the lowest level in a year and a half

rate of food inflation in India fell to the lowest level in a year and a half since the monsoon rains increased crop production and prices. An index that measures wholesale prices of agricultural products, including lentils, rice and vegetables prepared by the Ministry of Trade rose 8.6 percent in the week ended Nov. 20 last year, a report showed today New Delhi. He won 10.15 percent the previous week. "The general trend of decline in food prices is due to good agricultural production due to the adequate monsoons," said Dharmakirti Joshi, chief economist at Mumbai-based Crisil Ltd., India's unit of Standard & Poor's , before the report. The country received more rain in three years in the monsoon season from June to September, helping to stimulate agricultural production and earnings...

Distressed Houses for sale in the U.S. largest off in Five Years

U.S. households in the foreclosure process was sold for about 32 percent less than non-distressed properties in the third quarter, the biggest reduction in five years, depending on buyer demand slumped, according to RealtyTrac Inc. The average discount real estate owned by banks, residences or otherwise which is scheduled for auction increased from 29 percent a year earlier, RealtyTrac said in a report released today. A quarter of all U.S. transactions participating household types, according to data from the vendor in Irvine, California. Sales of foreclosed properties fell 31 percent as the end of a tax credit for buyers of reducing global...

Fiat's Marchionne Bets on Natural Gas to U.S. GM, Toyota electric Go

As Sergio Marchionne, Fiat SpA brings back to the U.S. after nearly three decades, can add another Italian specialty: natural gas engine. Marchionne, who is executive director of Fiat and Chrysler Group LLC, said the natural gas engine offers a better way to reduce emissions, because they are more expensive than competing technologies. He also argues electric cars, General Motors Co. and Toyota Motor Corp. is betting that "many obstacles" such as load time. "Natural gas is well suited for the U.S.," said Constantinos Vafidis, which oversees the development and hybrid transmission in the Fiat Research Centre in Turin, Italy, in an interview. "Especially for public services and freight transport, where vehicles are refueled from a central base." Fiat is the market leader in Europe for natural...

Scope Highlights Bank highest level since June, Libor Shows

Derivatives traders are the most affected since June that European leaders do not take into account the currency crisis enveloping the region, causing losses of financial firms. Contracts to bet on future premiums banks charge each other for dollar loans in London on the federal funds rate almost doubled in November. The so-called FRA / OIS rose to 42.75 basis points, before easing to 39.25 hours, UBS AG data show. The move shows banks are still wary of lending to each other, and the European Central Bank President Jean-Claude Trichet, intensifying its response to the debt crisis in the region to delay the withdrawal of liquidity emergency system . The ECB said earlier this year that European banks' ability to sell bonds may be hindered by governments try to finance the fiscal deficit accumulated...

FXCM seeks U.S. $ 226 million in the first flotation of online commerce, since May 2007

FXCM Inc., offering currency trading on the Internet for individual investors, raised 211 million U.S. dollars sales of its initial public offering at the midpoint of the price range expected. The Web site operator DailyFX.com sold 15.1 million shares at $ 14 each after offering $ 13 to $ 15, according to a filing with the Securities and Exchange Commission and data compiled by us. At the midpoint, the IPO FXCM valued at 16 times earnings, a discount of 42 percent of the median of the five companies named in the IPO prospectus as competitors. The initial offering was the first online trading platform from Interactive Brokers Group Inc. in...

S & P 500 to challenge the "new normal" and the Rally of 17%, says Barish of Cambiar

Energy and industrial companies will rise next year, prompting an increase of 17 percent in 500 of Standard & Poor's from its current level, according to Brian Cambiar Investors LLC Barish. Next year will be marked by a return of multi-speed ", as industries weakened by the recession, finance companies, lagging behind those who are healthy and have the cheap valuations, Barish said in an interview. He said stocks were performing better than expected under the "new normal" theory of economics led by Pacific Investment Management Co., owner of the largest bond fund in the world, they said that growth will be relatively slow in the coming years. "The bleeding has stopped," said Barish, who oversees $ 5.7 billion in assets as president of Denver-based Change, including aggressive fund to...

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