US tries to pacify India Nov 19, 2009
WASHINGTON: After ruffling feathers in Delhi with a reference to Indo-Pak ties, the US today sought to pacify India saying it has to decide with Pakistan the substance, scope and pace of their relationship. "We've always said, in terms of Indo-Pakistan relations, that's really up to India and Pakistan to decide how and when and the scope of that," Assistant Secretary of State for South and Central Asia, Robert Blake, told reporters here. (India Times)
JPMorgan set to seal Cazenove deal Nov 19, 2009
So too will the heads of the three core areas: Alan Carruthers, head of equities; Ian Hannam, head of corporate finance; and Charles Harman, head of capital markets ... Keshav Sanghi, who heads the broking operations at Reliance International Equities, is said to have put in his papers. (India Times)
Gold extends record high on weak $ Nov 19, 2009
After 00004000 gains of nearly 70 percent in Asian equities so far this year, investors are likely prone to taking profits before year-end ... Keshav Sanghi, who heads the broking operations at Reliance International Equities, is said to have put in his papers. (India Times)
US stocks falter on home construction data Nov 19, 2009
But stocks sharply cut the session's losses just before the closing bell as many investors pointed to a strong uptrend in equities that have pushed major indexes to 13-month highs in recent days ... Analysts said the inverse correlation between the dollar and equities -- which has helped to boost natural resource stocks by lifting the price of dollar-denominated commodities -- appeared to break down. (Sydney Morning Herald -- Business)
Stewardship investing - putting money where your morals are Nov 19, 2009
It should be noted that the mention of these company names is not meant to disparage, only to recognize a difference in values understanding--each investor must make their own decisions and choices when buying individual equities. Microsoft does have products purchased by the military, but since they were not developed specifically for military purposes, MMA does invest in the computer software company. (Kalona News, IA)
Market Watch: Sensex rangebound; realty, IT, banks down Nov 19, 2009
MUMBAI: Equities were moving in a narrow range with a negative bias due to lack of triggers to drive the market in either direction ... Keshav Sanghi, who heads the broking operations at Reliance International Equities, is said to have put in his papers ... Equities were moving in a narrow range with a negative bias due to lack of triggers to drive the market in either direction. (India Times)
MCCH presents community update at its annual City/County Meeting Nov 18, 2009
Of the mutual funds, half are equities and the remaining half are fixed-income. Bailey concluded by thanking attendees and inviting them to another tour of the expansion project on Saturday, December 5. (Murray Ledger & Times, KY)
Hedge-Fund Assets Rise for Sixth Month, Led by Europe, Eurekahedge Says Nov 18, 2009
Hedge fund investors tend to be more long-term than month-to- month and we may be seeing some people taking money out of the equities market to invest in hedge funds. . (Bloomberg -- Europe)
Linktone to Announce Third Quarter 2009 Financial Results on November 30 Nov 18, 2009
BEIJING, Nov. 18 /PRNewswire-Asia-FirstCall/ -- Linktone Ltd. (Nasdaq: - ), one of the leading providers of wireless interactive entertainment services to consumers in China, today announced that it will report financial results for the third quarter ended September 30, 2009, after the U.S. equities markets close on Monday, November 30, 2009. Related Quotes. (Yahoo! Wire -- Entertainment News)
Metals march on, crisis or not Nov 18, 2009
The equities desk at Deutsche has been the latest to upgrade its copper expectations, even if like the rest of the forecasters, it thinks that copper's recent surge is tempting fate. Its upgraded long-term copper price has been increased from $US1. (Sydney Morning Herald -- Business)
Commodities push Asian stocks higher Nov 18, 2009
5 per cent after JPMorgan Chase lifted the stock to "neutral" from "underweight.'' "The increase in commodity prices and the 14th straight gain for the Baltic Dry Index show the global economy is recovering, even though the recovery lacks strength," said Hiroichi Nishi, an equities manager at Nikko Cordial Securities in Tokyo. The MSCI Asia Pacific Index added 0.3 per cent to 119.05 in Tokyo. The gauge has climbed 69 per cent from a more than five-year low on signs of a global economic recovery.... (Sydney Morning Herald -- Business)
Sierra Geothermal Engages O&M Partners LLC Nov 18, 2009
They have been introducing small cap equities to the institutional investment community across the United States and in select European and U.K. markets since 1995. For the past eight years, O&M has been a leading agent in introducing senior management of mining companies to both specialist and generalist institutional investors. (CCNMatthews Press Releases)
China Faces Dangers of Asset Bubbles as Economy Expands, PBOC Adviser Says Nov 18, 2009
When there is too much money around looking for good opportunities and emerging markets are the only places where growth is happening, over liquidity will lead to asset bubbles in equities, real estate and commodities, Fan said. Thats something we really need to watch. (Bloomberg -- Asia)
* UK investment manager positive on China and India Nov 18, 2009
Bolton, who has often urged investors to invest against the tide, said it was not too late to buy because the valuation of equities remains relatively attractive although the bargain phase [in March] is over. . (Taipei Times, Taiwan -- World)
Prospecting for gold Nov 17, 2009
CMC Markets CFD and equities David Barrett-Lennard says a number of factors have been at play over the last few months driving the gold rally, although he says the price action over the last three months seems to have caught many investors unaware. Barrett-Lennard reckons there has been division amongst analysts on the near term gold price influenced by the outlook for $US. Much of November has seen a negative correlation between spot gold and the $US index. (Sydney Morning Herald -- Business)
Just the facts Nov 17, 2009
The German DAX equities index jumped 3 ... Brazil's Bovespa equities index rose 1 ... Russia's RTS equities index increased 0. (Asia Times Online)
Fidelity MF launches equity fund Nov 17, 2009
The fund will invest in Indian and international equities with a higher focus on undervalued securities to deliver long-term capital appreciation. "We are also looking at launching international funds in the Indian markets. We still have to go through necessary approval process before their launch here," Suyash said. (India Times)
Bored with bonds? Buy a bridge Nov 17, 2009
The recent financial downturn also demonstrated the robustness of infrastructure: in the last five years listed infrastructure indexes have risen more than most other asset classes with the exception of emerging market equities. But infrastructure assets are also notoriously illiquid , and so investors have to decide if they opt for unlisted funds, where asset values are more stable but involve long lock-up periods, or listed infrastructure, where investment can be traded. (India Times)
UBS Aims for $14.9 Billion in Annual Pretax Profit in Three to Five Years Nov 17, 2009
These are very ambitious targets, said , chief investment officer for European equities at Allianz Global Investors in Frankfurt. But thats exactly what Gruebel needs to be at this point in time. (Bloomberg -- Europe)
BHP Billiton Should Buy Back $15 Billion of Shares, Southern Cross Says Nov 17, 2009
Nov. 17 (Bloomberg) -- the worlds largest mining company, could boost earnings by 10 percent by buying back $15 billion of its own shares, Southern Cross Equities Ltd. said. I cant see any investment BHP can make that stacks up better than buying large wads of their own shares back, Southern Cross Executive Director said today in a research note. (Bloomberg -- Australia & New Zealand)
3 banks prepared to pay record $29.7B in bonuses Nov 16, 2009
Global heads of equities, commodities trading, interest-rate trading and investment banking each will receive total compensation that may reach at least $10 million, most of it coming from bonuses, according to the report. Morgan Stanley is among banks that are offering a larger portion of bonuses in stock and instituting so-called clawback clauses to tie incentive pay to risk, the report said. (Honolulu Advertiser)
Reform push must continue Nov 16, 2009
In an interview with the media group Bloomberg, Reed said reforms of financial regulations by the US Congress should include ordering banks to hold more capital, ensuring executive compensation is aligned with long-term profitability and banning firms that take deposits from also engaging in equities and fixed-income trading. I would compartmentalise the industry for the same reason you compartmentalise ships, Reed said. (The Star Online, Malaysia)
Good talk saves the future Nov 16, 2009
John Pereira is chief executive of India Equities Fund (ASX: INE) and managing director of Atlas Capital Management. Source. (Sydney Morning Herald -- Business)
Sensex at 20K is possible: R. Venkatraman, ED, India Infoline Group Nov 16, 2009
We have seen in the recent past, the trend has been that a lot of money has slowly started to find its way back into US equities because markets have been pleasantly surprised by the kind of resilience we have seen there and the growth that has actually started to kick in once again ... What would you top five ideas would be for Indian equities. (India Times)
Positive FDI data drive Chinese shares 2.7% higher Nov 16, 2009
BEIJING, Nov. 16 (Xinhua) -- Chinese equities rose 2. 74 percent Monday on the newly released growing monthly foreign direct investment (FDI) figures, showing investors' heartened confidence on the revival of the world's fastest-growing economy. (Xinhuanet, China)
The Colombo Stock Exchange in Sri L... Nov 16, 2009
Today it is a modern exchange, which offers a state-of-the-art technological infrastructure to facilitate an "order-driven trading platform" for the trading of securities, including equities (shares), corporate debt securities (corporate bonds) and government debt securities (government bonds). The Colombo Stock Exchange was the very first exchange in the South Asian Region (and the 52nd exchange in the World) to be elected as a member of the World Federation of Exchanges (FIBV) in October 1998. (Suite101.com)
US stocks advance Nov 15, 2009
Small-cap equities have gained 69 per cent since markets bottomed in March, compared with 61 per cent for the S&P 500, according to data compiled by Bloomberg. Investors poured the most money into US stock funds in 11 months, leading global equity inflows amid a recovery in earnings and on expectations the Federal Reserve will keep borrowing costs low, EPFR Global said. (Sydney Morning Herald -- Business)
Market headed to 5400-5500 level: Quantum Nov 15, 2009
That is where I would like to encash my trading position whereas my medium term mid-cap portfolio would continue to remain long because I believe the next 18 to 24 months are very positive for Indian equity particularly for emerging market equities. 1. (India Times)
Getting in on the rush Nov 15, 2009
While the bull market run since March 9 has drawn many investors back into equities, its rise pales next to gold s bull run ... While the bull market run since March 9 has drawn many investors back into equities, its rise pales next to gold s bull run. (New York Post -- Business)
Stock Bull of Ireland O'Dwyer Buys BP, Rio Tinto to Bet on Faster Recovery Nov 14, 2009
We still see long-term value in equities but we will probably pull back in some of our riskier positions. . (Bloomberg -- UK)
Semi-Annual Changes to the NASDAQ Biotechnology Index Nov 14, 2009
The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. (Primezone Releases)
China's trade surplus looms large Nov 13, 2009
Jing Ulrich, managing director and chairman of China Equities and Commodities at JP Morgan, said Obama's visit to China was likely to heighten focus on a number of recent trade disputes between the countries, but these affected only a small part of their business relationships. "In spite of recent trade tensions, the disputed products represent a relatively small volume of bilateral trade, and relations between the United States and China have remained fairly constructive, in light of concerns... (Asia Times Online)
Canada Stocks Fall as Barrick, EnCana Slide with Gold, Oil; TD Bank Rises Nov 13, 2009
The main benchmark for Canadian equities on Nov. 9 closed less than 1 percent below its Sept. 22 high for the year. We live and die by the sword up here on the commodity side, said , a partner at Marquest Investment Counsel in Toronto, which manages C$100 million. (Bloomberg -- Canada)
India, China are emerging financial giants: IIFL Asia Nov 13, 2009
Only 10-12% of the household financial savings in India were invested in equities and debentures in bull market years of FY07 and FY08, with much of the rest going into bank deposits and insurance products. The strong revival in primary markets in both India and China has resumed fund flows into the corporate sector, but has caused concerns on its possible adverse impact on the secondary market. (India Times)
Dollar Decline Too Powerful for Brazil, Korea as Currency Reserves Mount Nov 13, 2009
An unprecedented net $47 billion flowed into equities in India, Indonesia, the Philippines, South Korea, Taiwan and Thailand in the last three quarters, according to data compiled by Bloomberg. That eclipsed the previous full-year high of $33 billion in 2005, nine year of data show. (Bloomberg -- Latin America)
Rising market tide fails to lift some Mass. firms Nov 13, 2009
The market rally has encompassed virtually the entire university of equities, says Tom Manning, chief investment officer at Silver Bridge Advisors in Boston. The old saying about a rising tide lifting all boats certainly proved to be the case. (Boston Globe)
Rs 50K cr investments coming soon Nov 12, 2009
Money will be scattered across assets, with a decent chunk flowing in to fixed income mutual funds and smaller portions in to equities and other asset classes, said Alok Singh, head-fixed income, Fortis Investment Management ... Such pools will chase short-term debt funds or be ploughed back to the company itself for capex initiatives, said Huzaifa Husain, head of equities, AIG Investments ... Retail deposits, which are smaller in size, will flow into all asset classes, including bank... (India Times)
Commodities, Stocks Advance on China Economy; Gold Climbs to Record Level Nov 12, 2009
3 billion as chief investment officer for growth equities at the Gamco Global Growth Fund in Rye, New York ... Investors are growing more optimistic about U.S. equities for the first time since August as a record number of companies beat profit estimates and worker productivity, manufacturing and home sales exceed forecasts. (Bloomberg -- Canada)
* Business Briefs Nov 12, 2009
There wont be an impact on equities so there wont be much effect on the Taiwan dollar as well. This story has been viewed 330 times. (Taipei Times, Taiwan -- World)
Canada Stocks Rise as Kinross, Silvercorp Advance on Rally In Commodities Nov 12, 2009
The main benchmark for Canadian equities, up 27 percent year-to-date, fell 0. 5 percent yesterday, its first drop in six days. (Bloomberg -- Canada)
Private equity in the spotlight Nov 12, 2009
This is in stark contrast to other asset classes such as listed equities and hedge funds where there is very low persistency, he says. While private equity firms consistently achieve huge returns on the companies they invest in, they charge high fees for making this happen. (Sydney Morning Herald -- Business)
Who is the new man to make more money for the EPF? Nov 11, 2009
Sources said Shahrils appointment as CIO of the retirement savings fund, which currently has over RM350bil in its coffers, would help expand EPFs investments beyond the traditional asset classes of Malaysian Government Securities, loans and bonds and equities ... As for equities, which makes up 20% to 25% of the funds investment portfolio, although the rewards can be relatively higher, so are the risks given the high volatility of equity prices. (The Star Online, Malaysia -- Business)
Barclays, Bank of America, JPMorgan Vie to Manage Indian Share Offerings Nov 11, 2009
Indian share sales will add to an IPO rebound in Asia as record-low interest rates and economic stimulus packages fuel a revival in demand for new equities ... Thats less than the 782 billion rupees raised in 2007, before the global financial crisis sapped demand for equities. (Bloomberg)
Market Risk: Key Signals to Watch Now Nov 11, 2009
While the most obvious risk indicators volatility for equities and yield spreads over risk-free Treasury securities for bonds show that market risk is down considerably since March, they only tell part of the story. There are lesser-known indicators that can also be used to gauge ongoing risk, according to Perry Piazza, co-chief investment officer at Contango Capital Management in San Francisco. (BusinessWeek)
Biggest S&P 500 Gains Enhanced in '09 by Dollar Collapse: Chart of the Day Nov 11, 2009
American equities and the U.S. currency are moving in the opposite direction more than ever before. The so-called correlation coefficient using 120 days of data between the Dollar Index and the S&P 500 is minus 0. (Bloomberg)
Back from the brink Nov 11, 2009
The Age: national, world, business, entertainment, sport and technology news from Melbourne's leading newspaper. Annette SampsonNovember 11, 2009. (Sydney Morning Herald -- Business)
More returns, less risk Nov 11, 2009
For equities, the long-term prospect of solid, inflation-beating performance is tainted by the short-term volatility ... Firstly, what must be understood is that equities and cash are not the only asset classes in which one can invest ... These two asset classes, namely bonds and property, sit snugly between cash and equities on the risk and return spectrum, with bonds partnering closer to cash and property closer to equities. (iAfrica.com)
Top analyst sees market lows next year Nov 10, 2009
Mr Edwards, one of the leading equities bears and a long-term critic of the policies of Western central banks, is sceptical of popular opinion that extreme policy response will safeguard the West against a repeat of Japan's lost decade of the 1990's. Mr Edwards said he expected that at some point China would go into recession, calling people's excessive faith in growth stories a "sick joke". (Sydney Morning Herald -- Business)
Maxis Said to Sell More Than $3 Billion of Stock in Malaysia's Largest IPO Nov 10, 2009
Lots of managers would be underperforming their benchmarks in the first half so they would need to catch up for the final quarter by investing more in equities. Asian Share Sales. (Bloomberg -- Asia)
* Asian nations bear brunt of dollars prolonged slide Nov 10, 2009
Virtually free credit in the US and other major economies has fueled a massive binge by investors on risky assets, such as equities and commodities, while leading to a sell-off of the US dollar. Nouriel Roubini, the New York University professor who earned the nickname Dr Doom for predicting the global financial crisis, warned last week that this mother of all carry trades faces an inevitable bust. (Taipei Times, Taiwan -- World)
Dollar struggles to hang on to gains Nov 10, 2009
Mr Waterer said he expected the Australian dollar to track US equities as there was little top tier economic data due during Tuesdays offshore session. The thing to look out for tonight is what is will the US equities do to back up its 200-point gain from last night, he said. (Sydney Morning Herald -- Business)
Scottish Widows Plans to Buy Two U.K. Properties as Clients Add to Funds Nov 10, 2009
Right now we are more cautious on the outlook for both equities and credit markets, Buckley, 49, said in a telephone interview yesterday. On property we are more optimistic. (Bloomberg -- UK)
Canadian Stocks Rise for Fifth Day as Suncor Energy, Royal Bank Advance Nov 10, 2009
It doesnt get much better than today for Canadian equities, said , who is responsible for C$60 million ($56. 8 million) as a money manager at Sprung & Co. Investment Counsel Inc. in Toronto. (Bloomberg -- Canada)
Gold reaches new high, helps to fuel rand strength Nov 10, 2009
"People are investing in emerging market equities and in currencies with high levels of volatility mostly because they bring better returns." ... However, Glynos pointed out that lower interest rates might have the opposite effect and boost the rand because a low interest environment improves the outlook for equities. (Business Report, South Africa)
Growth in U.S. Will Be Driven by Factories as Spending Cools, Survey Shows Nov 10, 2009
Itll push investors out of the cautious environment of Treasury markets and into equities and more risky assets overseas. Its fueling the global recovery for risk-taking. (Bloomberg -- US)
Hedge Funds Are Ready for New Boom in Start-Ups Nov 10, 2009
You can take your pick from the Australian dollar, emerging-markets equities, or gold. Hot Money. (Bloomberg -- Columnists)
Stock Rally Just Getting Started in History of Period Preceding Rate Rises Nov 10, 2009
The severity of the may prevent equities from rallying this time, said , director of asset allocation research at Baring Asset Management in London, which oversees $45 billion. More than $1. (Bloomberg -- Canada)
Navies of two Koreas in brief clash Nov 10, 2009
There was no noticeable impact on bonds while foreign investors kept up their buying spree of local equities. "We will have to see what the incident means and how it came, but it's unlikely to have a lasting impact," said Choi Chang-ho, a market analyst at Shinhan Investment Corp.. (MSNBC -- International)
How to build wealth Nov 10, 2009
South African investors do not make adequate provision for retirement because they have too little exposure to equities while building capital, and they wait too long before constructing an investment portfolio, according to research conducted by Plexus Asset Management. "The latest figures released by the Association of Savings and Investments South Africa (ASISA) reveal that only around 22 percent of the R706.3-billion local assets is invested in pure equity funds," says Johan Pyper, head of... (iAfrica.com)
Record Bonuses Return to Wall Street as Big Three May Award $29.7 Billion Nov 10, 2009
Global heads of equities, commodities trading, interest- rate trading and investment banking each will receive total compensation that may reach at least $10 million, most of it coming from bonuses, according to the report. Morgan Stanley is among banks that are offering a larger portion of bonuses in stock and instituting so-called clawback clauses to tie incentive pay to risk, the report said. (Bloomberg)
Indians account for close to 20% of all realty sales in Manhattan Nov 9, 2009
However, the study said the numbers could bounce back this year with the stock market gaining strength since Indian millionaires park almost a third of their wealth in equities. Mr De Niro says that Indians prefer high-end Central Park condominiums. (India Times)
Investors may use revival to book profits Nov 9, 2009
He remains optimistic about equities, contrary to many in the street, who are cautious about the markets near-term outlook. The way to look at it is the risk to upside is higher than the risk to downside, added Mr Agrawal. (India Times)
Nice rally, sad to see it go Nov 9, 2009
Dan Deming, a trader with Stutland Equities, says many money managers are just content to wrap up the year. "It's a psychology that drives a big chunk of the market," he says. (MSNBC -- Business)
Asian markets mostly up at midday Nov 9, 2009
Maintaining stimulus measures would help support a further rally in equities and commodities, though its not necessarily a positive thing as it means the economy is not recovering at a desirable pace, said Pauline Dan, Hong Kong-based chief investment officer at Samsung Investment Trust Management, which oversees US$100bil in assets. At home, the benchmark KLCI was 0. (The Star Online, Malaysia -- Business)
Rio investors: It's mine... for now Nov 9, 2009
Merrill Lynch thinks MIG's inability to sell its entire stake at that time means it is not expected to be a likely buyer of Transurban's 50 per cent stake in the road, while Macquarie Equities notes it is unclear how the purchase would be funded. J.P. Morgan has assumed that MIG will leave only $50 million of cash in good MIG after the split, the remainder being placed in bad MIG to help with upcoming refinancings along with a 10c a share distribution to shareholders. (Sydney Morning Herald -- Business)
