Chinese official says low U.S. rates dangerous Nov 16, 2009
BEIJING - China's top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic recovery ... The carry trade is "dealing a serious blow to global asset prices and fueling speculation in the stock and real estate markets," he said, according to a transcript of a speech he made at a financial forum in Beijing, posted on the Web site of Hong Kong's pro-Beijing... (MSNBC -- Business)
Reform push must continue Nov 16, 2009
Lord Turner, the chairman of the UKs Financial Services Authority, commented a few months ago that much of the financial activities in the UK do not have social value, and he proposed the transactions tax to curb speculation ... IN the same line, and more broadly, commercial banks should not be in the business of speculation. (The Star Online, Malaysia)
Oil Rises From One-Month Low on Speculation Demand to Increase on Recovery Nov 16, 2009
Oil Rises From One-Month Low on Speculation Demand to Increase - Bloomberg ... Oil Rises From One-Month Low on Speculation Demand to Increase ... Nov. 16 (Bloomberg) -- Crude oil rose from a one-month low on speculation demand will increase as the global economy recovers from its worst recession since World War II.. (Bloomberg -- Australia & New Zealand)
China's Liu Says U.S. Interest Rates, Dollar Decline Causing Speculation Nov 15, 2009
Chinas Liu Says U.S. Rates Cause Dollar Speculation (Update3) - Bloomberg ... Chinas Liu Says U.S. Rates Cause Dollar Speculation (Update3) ... Nov. 15 (Bloomberg) -- The decline of the dollar and decisions in the U.S. not to raise interest rates have caused huge speculation in foreign exchange trading and seriously affected global asset prices, said , chairman of the China Banking Regulatory Commission. (Bloomberg -- Asia)
* Asian stocks gain as G20 maintains stimulus efforts Nov 15, 2009
BHP Billiton Ltd and rival Rio Tinto Group both jumped in Sydney amid speculation looser monetary policies will continue to sustain inflows of cash into equities. Tractor maker Kubota Corp soared 9. (Taipei Times, Taiwan -- World)
Fixing Mexico Easy as `Things Are So Screwed Up,' Central Bank Chief Says Nov 14, 2009
0406 per dollar, the best weekly gain among the worlds major currencies, on improving prospects for the economy and speculation the government will rein in spending enough to avoid a credit rating downgrade. The Bolsa index rose 0. (Bloomberg -- Latin America)
* Motorola mulls selling unit: WSJ Nov 13, 2009
SPECULATION: The newspaper said potential buyers include private equity firms, Samsung Electronics and Huawei Technologies ... A Motorola spokeswoman said the company would not comment on rumor or speculation. (Taipei Times, Taiwan -- World)
Editorial Roundup: Excerpts From Recent Editorials Nov 12, 2009
But let's hope a methodical investigation will provide answers to temper all the speculation. . (San Francisco Chronicle -- Crime)
Golden Spike: Boom Times for Precious Metal Nov 12, 2009
Some analysts are panning the gold speculation. 1. (ABC News -- Wire)
Bilfinger Berger's business briefing Nov 12, 2009
There has been plenty of speculation that Westfield and its US rival, Simon, would be interested in divvying up the better GGP assets. The strong Australian dollar, combined with a $US6. (Sydney Morning Herald -- Business)
Taiwan Billionaires Send Cash Home as HSBC Sees Island's Dollar Rising 11% Nov 12, 2009
Governor Perng Fai-nan said Oct. 14 that overseas investors have NT$500 billion ($15 billion) of funds sitting idle, which may be used for speculation. Pictets Ting, who bought the NDFs last month, said the central bank will scale back intervention to avoid flooding the market with its own currency as growth returns. (Bloomberg)
Brazil's Real Weakens on Speculation Tax on Stocks, Bonds May Be Increased Nov 11, 2009
Nov. 10 (Bloomberg) -- Brazils currency dropped the most among major and emerging-markets currencies against the dollar on speculation the government may increase a tax on foreign purchases of stocks and bonds to stem the reals appreciation. The real fell 0. (Bloomberg -- Latin America)
Colombia Isn't Considering Capital Controls, Finance Minister Zuluaga Says Nov 11, 2009
Brazils move last month to impose a tax on foreign stock and bond investments to curb appreciation in the real sparked speculation similar measures would be implemented in Colombia, which last year abolished capital controls that were introduced in 2007. The peso touched a 14-month high in October and has gained 14 percent this year. (Bloomberg -- Latin America)
Apple doesnt seem to like mixing apps, politics Nov 11, 2009
Apple doesnt seem to like mixing apps, politics - Tech and gadgets- msnbc. Apple doesnt seem to like mixing apps, politics. (MSNBC -- Technology)
ICICI may sell 25% in Firstsource Nov 10, 2009
In response to an ET query a Firstsource spokesperson said, We do not comment on market speculation. . (India Times)
Dollar weighed down vs euro in Asian trade Nov 9, 2009
The greenback continued to suffer from Friday's bleak unemployment report, which strengthened speculation that the US Federal Reserve will maintain its highly stimulative monetary policy for some time, dealers said. "With the US Fed implying it will keep interest rates very low until the unemployment rate starts falling, traders continued to pare expectations for rate hikes in 2010, which is weighing on the dollar," said NAB Capital strategist John Kyriakopoulos. (Business Report, South Africa)
Stocks: Five Mistakes to Avoid Nov 9, 2009
He also warns against currency speculation, another recent fad. "It's really risky," he says. (BusinessWeek)
Bear's last supper Nov 8, 2009
It now was among the world's largest funds, and Paulson had remained a loyal customer of his former employer, despite the speculation about Bear Stearns' future ... It now was among the world's largest funds, and Paulson had remained a loyal customer of his former employer, despite the speculation about Bear Stearns' future. (New York Post -- Business)
Sensex, Nifty bounced by 2% over the week Nov 8, 2009
56 on November 3, as the government rushed to the rescue of market, putting at rest speculation about withdrawal of financial packages given a year ago. Topics. (India Times, India -- Intl Business)
Marcus Wallenberg, Chairman, SEB Nov 6, 2009
I am not in a position to say if it is speculation or not ... We dont know if there is speculation or hedging. (India Times)
IMS Health to be bought for $4 billion by two investment funds Nov 6, 2009
The announcement comes after weeks of speculation following media reports in October that , Conn ... A day prior, media reports prompted speculation that the company could be sold to a private equity firm, potentially garnering a 30% premium. (USA Today -- Money)
KKR Financial Triples Quarterly Income as Credit Demand Drives CLO Rally Nov 6, 2009
KKR is emblematic of a turnaround for firms that manage collateralized loan obligations, such as Highland Capital Management LP and Aladdin Capital Holdings LLC, as the $440 billion CLO market rallies on speculation that company defaults will slow as the economy emerges from the recession that began in December 2007. CLOs that were written off earlier this year in terms of fees paid to the manager are being turned backed on again, said , chief investment officer of Aladdin. (Bloomberg -- US)
Brazil's Real Gains for Second Straight Day on Capital-Inflows Speculation Nov 5, 2009
Brazils Real Gains for 2nd Day on Capital-Inflows Speculation - Bloomberg ... Brazils Real Gains for 2nd Day on Capital-Inflows Speculation. (Bloomberg -- Latin America)
"Kufuor's modus operandi exposed" - Here are the FACTS Nov 5, 2009
Our speculation here is that the frustration of failing to discover oil and the need to "do something" may have combined to form the basis for this diversion. The activities of GNPC [phase one] climaxed in 1998 to 2000, when previously successful companies with good reputation came to drill wells in Ghana. (Ghana Web, Ghana)
Man Group First Half Profit Beats Forecast; Assets Under Management Rise Nov 5, 2009
Hedge funds are mostly private pools of capital whose managers participate substantially in the profit from speculation on whether the price of assets will rise or fall. To contact the reporter on this story: in London at. (Bloomberg -- UK)
Canadian Stocks Gain, Led by Metals Producers, as Gold Rallies to Record Nov 5, 2009
3 percent as the precious metal rose to an all-time high on speculation that central banks may buy more of it ... Gold extended this weeks rally on speculation that central banks and investors will buy it to hedge against a falling dollar. (Bloomberg -- Canada)
China Led World Again In October; GDP Lives Large Nov 4, 2009
07%, sold off the most, suggesting that investors have lost their appetite for risk and speculation. Large-cap growth funds, down 1. (Yahoo News -- Press Releases)
Market Forecaster Nov 3, 2009
The bill also contains provisions to strengthen position limits on futures contracts to prevent excessive speculation. Taipei Mayor Hau Lung-bin said the central government of Taiwan should reconsider its decision last week to expand access to U.S. beef imports, including bone-in products and variety meats that present a risk of carrying bovine spongiform encephalopathy. (Midwest Bulls Eye, NE)
* CEPD chief favors taxing capital gains on property Nov 3, 2009
He suggested raising taxes on property investments to discourage speculation and make home ownership more affordable. However, the Tax Reform Committee, due to disband by the end of the year, is unlikely to take up the proposed property tax hikes, a finance ministry official said, requesting anonymity. (Taipei Times, Taiwan -- World)
Blockbuster run for China's Nasdaq Nov 3, 2009
The wild swings in China's newly-born high-tech stock market, or ChiNext board, has once again verified that Chinese investors, both institutional and individual, are getting increasingly notorious for speculation. The phenomenon, though puzzling most market watchers, also reflects troubling management of one of the world's most nascent capital markets. (People's Daily Online, China)
Lessons from the Myer float flop Nov 2, 2009
In fact, youve got more chance of turning a profit when floats turn sour and investors lose interest and patience than buying in at the listing, which frequently turns out to be the high point of interest and speculation. Boart Longyear, or even the re-floated Just Group prior to it being swallowed by Solomon Lews Premier Investments last year are both good examples of this strategy. (Sydney Morning Herald -- Business)
RBS nears toxic asset agreement Nov 2, 2009
On Friday, the BBC reported that Lloyds Banking Group was set to end weeks of speculation by announcing it would not join the government's asset protection scheme. Lloyds believes it can survive without joining the scheme and is prepared to pay a fee of close to 2. (BBC News -- UK)
Tax strategy patents face scrutiny Oct 31, 2009
There is speculation that an upcoming Supreme Court case about business methods patents may not resolve the concerns raised by accountant groups. On Nov. 9, , and its former co-founder Bernie Bilski, who applied for patent protection for their hedging strategy against bad weather s effects on energy consumption and prices. (Pittsburgh Business Times, PA)
China stocks surgeon new board debut Oct 31, 2009
"After a decade of consideration, the CSRC has planned a stringent risk-control mechanism, including circuit-breakers of 20% from their opening price exchange to curb excessive speculation," Ng said. "The system at the same time means supply is larger than demand, which will lead to a sharp rise in the listed companies.". (Asia Times Online)
Federal Government Takes Over San Diego National Bank Oct 31, 2009
SAN DIEGO -- After much speculation and rumors, a long-time San Diego banking institution was shut down Friday by the federal government, 10News reported. As part of the takeover, an insertion team consisting of Federal Deposit Insurance Corporation (FDIC) agents and representatives from U.S. Bank arrived at San Diego National Bank's downtown branch to go over documents and computer systems. (TheSanDiegoChannel.com, CA)
Asian Stocks Post Biggest Weekly Drop in Month on Falling Commodity Prices Oct 31, 2009
The gauge had risen for seven straight months to September on speculation government spending and looser monetary policies would accelerate the global rebound. Investors are wise to take some of their money off the table, said , a strategist at Manila-based Banco de Oro Unibank Inc., which has about $8 billion of assets. (Bloomberg -- Asia)
Stocks Plunge amid Worries about Spending Oct 31, 2009
I hope your not basing your life on speculation. You can thank wallstreet for credit default swaps, hedge funds, derivatives, speculators, and speculation. (CBS News)
Calderon Bonds Sink Most in Nine Months as Mexico Rating Downgrade Looms Oct 30, 2009
Oct. 30 (Bloomberg) -- Mexicos dollar bonds are posting their biggest monthly declines since January on speculation President will fail to cut the budget gap enough to avoid a credit-rating downgrade. The debt lost 2 percent this month, compared with a drop of 0. (Bloomberg -- Latin America)
Maxis needs to invest further in Internet technology Oct 30, 2009
"Any price speculation now is pie in the sky as the price is only just being built by the bookmakers amid roadshows to Hong Kong, Singapore, Europe and the United States," he said, adding that the stock will be priced on Nov 10 and that will set the tone. - BERNAMA. (The Star Online, Malaysia -- Business)
Lee Shau-Kee Defies Hong Kong Property Bubble Talk, Raises Cash for Land Oct 30, 2009
The snapped a five-day decline spurred by concern that government attempts to rein in speculation would hurt earnings. Sales Tactics. (Bloomberg -- Asia)
Japan jobless rate falls for second straight month Oct 30, 2009
CHICAGO (AP) - Consumers' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a private research group said Tuesday, fueling speculation that an already gloomy holiday shopping forecast could worsen. The Consumer Confidence Index, released by The Conference Board, sank unexpectedly to 47. (Fresno Bee -- Business)
Foreign speculation on our currency is a bubble set to burst Oct 29, 2009
US and UK government funding speculation by the finance sector: those governments are answerable to their electorates, and it is ultimately the taxpayer's money ... So, there is no such thing as 'currency speculation' and if there was it certainly would not be undertaken by the finance sector. (Sydney Morning Herald -- Opinion)
F1 eras to end at 2009 season closer Oct 28, 2009
The 2010 destiny of Raikkonen, who also won a world title with Ferrari, remains the source of much speculation. He is considered likely to return to his old team McLaren to partner Lewis Hamilton - one of the few drivers who can be sure he will start the 2010 season in the same team with which he races this weekend. (The Star Online, Malaysia)
Asian shares drop to 3-week low Oct 28, 2009
9 per cent as a narrower second-quarter loss failed to ease speculation the stock is expensive relative to the companys earnings prospects ... The yen gained against all 16 of the most-active currencies on speculation the pace of the global economic recovery will disappoint, reducing demand for higher-yielding assets. (Sydney Morning Herald -- Business)
Where have the savers gone? Oct 28, 2009
A "Tobin tax" on securities transactions, primarily affecting Wall Street trading operations, but also removing the percentage of national wealth acquired through short-term speculation ... Tobin tax, named after economist James Tobin, was originally a suggested low-level tax on cross-border currency trades, imposing a penalty on short-term speculation in currencies. (Asia Times Online)
Asian Stocks Drop on National Australia Loss, Canon Earnings; Yen Advances Oct 28, 2009
1 percent on concern the citys government will act to curb property speculation ... The yen gained against all 16 of the most-active currencies on speculation the pace of the global economic recovery will disappoint, reducing demand for higher-yielding assets ... 2 percent since the end of September, and is set for its first since February amid speculation governments will begin to withdraw stimulus measures. (Bloomberg -- Asia)
India Begins Exit From Monetary Stimulus With Order to Buy Government Debt Oct 27, 2009
The rupee pared losses and stocks declined after the statement spurred speculation the Reserve Bank of India will boost borrowing costs by year-end. Todays shift also signals intensifying global concern about consumer and asset-price increases, with Norway tomorrow forecast to follow Australia in raising rates this month. (Bloomberg -- Asia)
No guarantees on Senate health bill's public plan Oct 27, 2009
didn't claim to have the 60 votes needed to pass his proposal when he ended weeks of speculation by announcing that the Senate version of sweeping health care legislation would include a provision for the government to sell health insurance in competition with private insurers. The issue has been the biggest flash point in the health care debate, and government-sponsored insurance had been seen as unlikely to be included in Senate legislation because of opposition from moderates. (Montana Standard, MT)
Euro hits fresh 14-month highs against dollar Oct 27, 2009
The dollar has been weighed down recently by speculation that the United States may be slower than some other major economies to raise interest rates. Investors generally prefer the currencies of countries offering higher yields. (Yahoo! Asia News)
Insurers denied runof property Oct 27, 2009
Demand for office space is more directly affected by the real economy, according to the China Realty Research Center, so unless the economy becomes overheated, "hot money" normally would not pour in for speculation on office space because it is difficult to make a quick profit. Even given the relatively slow process of developing offices in the larger cities such as Beijing, Shanghai, Guangzhou and Shenzhen, the possible inflow of 170 billion yuan or so is unlikely to have a significant impact. (Asia Times Online)
Counterview: They are protecting their assets Oct 24, 2009
These assets accrue value as speculation and anticipation for the production's release grow, and as a certain image of the actor takes shape in the public consciousness. The studios have every right to protect these investments by preventing people from disclosing confidential information that could negatively impact the production's chances or the actor's image, even if the people in question are the actors themselves. (India Times, India)
Colombia Central Bank Maintains Rate, Announces Plans to Bolster Liquidity Oct 24, 2009
3 percent Oct. 20 on speculation the central bank would take measures to ease the currencys rally. It fell 0. (Bloomberg -- Latin America)
Playpower, Inc. exiting Farmington Oct 24, 2009
That was when speculation increased that some sort of major exodus was in the planning stages by the company. Farmington Economic Development Director Walter Williams said Thursday that the IDA and city will work aggressively to secure a new tenant for the building. (Park Hills Daily Journal, MO)
Property gains tax makes comeback Oct 24, 2009
However, Khong & Jaafar Sdn Bhd managing director Elvin Fernandez gave the thumbs up to the RPGT, saying it shows that Malaysia, like other Asian countries, is not for unfettered speculation. The RPGT is an anti-speculative tool, not a revenue earner for Government coffers, he added. (The Star Online, Malaysia -- Business)
Too early to talk about 'exit'? Oct 24, 2009
The speculation is China's economic policy makers will scale back the stimulus and expansive credit policies next year, as Beijing has made it public that one of its top guidelines for economy watch is going to thwart inflation risks, though the effort to solidify growth will continue. But, it won't be earlier than the mid-year before the State Council, the cabinet, takes genuine measures to curb price rises, many believe, for ensuring a relatively quick development of China's cities and rural... (People's Daily Online, China)
Brazil's Bovespa Posts First Weekly Loss in Month; Real Declines for Week Oct 24, 2009
Tele Norte Leste Participacoes SA, Brazils biggest phone company, rose the most in six weeks on speculation profit will improve as it benefits from the purchase of Brasil Telecom Participacoes SA.. The company, which operates under the Oi brand, said yesterday its third-quarter profit fell 71 percent to 64 million reais ($37. (Bloomberg -- Latin America)
Why Blu-ray Will Never Come to the Xbox 360 Oct 24, 2009
Ballmer's comments come after a year's worth speculation and denials from Microsoft as to whether or not they would ever adopt the next-gen disc format after their failed endeavor with an add-on HD DVD drive, so naturally, our interests were piqued. Unfortunately, the glimmer of hope given to Blu-ray fans was stripped away when Microsoft's "Major Nelson" Hryb reiterated that the company has no plans for Blu-ray in, on, or around the Xbox 360, and that Ballmer's comments were in reference to PC... (IGN Gear)
Ten taken seriously Oct 23, 2009
There has been plenty of speculation in the market over whether Boral will undertake a capital raising in the near future ... However, he also notes that with a new chief executive, Mark Selway, taking over the helm on January 1, there is likely to be continued speculation of a cultural change and a review of things like asset impairments, divestments and other strategic changes, including a capital raising. (Sydney Morning Herald -- Business)
Cut exec pay or government stay away? Oct 23, 2009
So let me get this straight, its ok for the previous administration to burn through taxpayer money fighting a needless war in Iraq, not finding the mastermind of the 9/11 attacks in Afghanistan because of Iraq, bailing out Airlines (who pretty soon plan on charging passengers to go to the bathroom) and Wall Street Executives who drove their companies into the ground along with our economy, as well as doing nothing to stop the speculation in the Oil Markets that drove our gas prices to $5 a... (Atlanta Journal-Constitution -- Business)
Britain economy remains in recession Oct 23, 2009
LONDON - Britain is likely to experience a slow and painful recovery from recession despite growing optimism, a leading forecaster said, as the pound fell on speculation the Bank of England may extend its money supply program to boost lending. The Ernst Item Club predicted some growth in the second half of 2009 but said that the domestic economy would struggle to achieve 1 percent growth in 2010. (Fresno Bee -- Business)
Colombia's Central Bank May Keep Interest Rate at 4%, Resist Further Cuts Oct 23, 2009
3 percent Oct. 20 on speculation the central bank will take measures to ease the currencys rally. The peso fell 1 percent to 1,914. (Bloomberg -- Latin America)
BM&FBovespa to Propose Alternatives to `Faulty' Brazil Investment Tax Oct 21, 2009
Bear Stearns was forced to submit to an acquisition at a fraction of its market value in March 2008 after customers and lenders fled on speculation of a cash shortage. The tax likely wont hurt 2010 trading volume, which should expand 32 percent compared with 2009, , a Buenos Aires-based analyst with Raymond James & Associates Inc., wrote in a note dated yesterday. (Bloomberg -- Latin America)
Vale Boosts Brazil Spending as Agnelli Fends off Lula Investment Criticism Oct 20, 2009
Comments by Mines and Energy Minister that Vale pay more royalties on iron ore have also added to speculation that the Brazilian government may be seeking to oust Agnelli. My relationship with President Lula has always been extremely positive, Agnelli said after meeting Lula. (Bloomberg -- Latin America)
Government Bonds Decline a Fourth Day After 20-Year Auction Demand Cools Oct 20, 2009
Declines in bonds were limited on speculation money managers, such as Japans life insurance companies, will continue to buy debt and support the market. Lifer Demand. (Bloomberg -- Japan)
Inside Trader Has Long Faced Scrutiny in Sri Lanka Oct 20, 2009
The move led to speculation that he had prior knowledge of a vote boycott forced by the Tigers in areas under the latter's control ... "There is no truth in the speculation that there were other motivations for my trimming a small amount of my overall investments. I tune out these noises and stay focused," he told the LMD, a premier local business magazine. (Time.com)
