Brazil talks tough on inflation, urges gov't to help
Thu Jan 27, 2011 4:47pm EST
Brazil's budget deficit, including debt repayments, stood at 14.4 billion reais ($8.6 billion) in November, nearly five times larger than a year earlier.
JOBS, INFLATION SURGING
Neil Shearing, senior emerging markets economist at Capital Economics Ltd in London, said the central bank's minutes "are unequivocally hawkish."
"If there were any lingering doubts as to whether or not (the central bank) would shift priorities under the new governor, Alexandre Tombini, I think they've been well and truly banished now," Shearing said.
(more)
Thursday, January 27, 2011
Wednesday, January 26, 2011
The Eurozone's Three-Speed Recovery Could Leave Some Members' Competitiveness In The Slow Lane
The Eurozone's Three-Speed Recovery Could Leave Some Members' Competitiveness In The Slow Lane (00:08:57 min)
Various economic indicators confirm our baseline forecast for a three-speed recovery in Western Europe over the next 18 months. The stronger economies are already successfully rebuilding their capital stock, while the slowest economies still need to increase their capital intensity, given the private sector's reluctance to invest in these countries. In this CreditMatters TV segment, Standard & Poor's Chief Economist Jean-Michel Six discusses how uneven recovery across Europe could aggravate structural differences over the long term for countries in the slowest growth track.
Watch
Various economic indicators confirm our baseline forecast for a three-speed recovery in Western Europe over the next 18 months. The stronger economies are already successfully rebuilding their capital stock, while the slowest economies still need to increase their capital intensity, given the private sector's reluctance to invest in these countries. In this CreditMatters TV segment, Standard & Poor's Chief Economist Jean-Michel Six discusses how uneven recovery across Europe could aggravate structural differences over the long term for countries in the slowest growth track.
Watch
EMEA Oil And Gas Ratings Outlook For 2011
EMEA Oil And Gas Ratings Outlook For 2011 (00:07:28 min)
In this Credit Matters TV segment, Standard & Poor's Director Simon Redmond explains how rising oil prices affect our Europe, Middle East, and Africa oil and gas ratings and discusses why BP PLC still has a negative outlook.
Watch
EMEA Metals And Mining Outlook For 2011 And Beyond (00:05:42 min)
In this Credit Matters TV segment, Standard & Poor's Director Simon Redmond explains how rising oil prices affect our Europe, Middle East, and Africa oil and gas ratings and discusses why BP PLC still has a negative outlook.
Watch
EMEA Metals And Mining Outlook For 2011 And Beyond (00:05:42 min)
Sunday, January 23, 2011
Global Price Fears Mount (WSJ)
EUROPE NEWS | JANUARY 23, 2011, 7:37 P.M. ET
Global Price Fears Mount
As Food, Raw Materials Soar, Europe's Central Bank Head Warns on Inflation
By BRIAN BLACKSTONE And MARCUS WALKER
Inflation fears—fueled by spiraling food, oil and raw material prices—are mounting around the globe, prompting the head of the European Central Bank to signal that it could raise interest rates in the future even though some countries have been weakened by the Continent's debt crisis.
Global Price Fears Mount
As Food, Raw Materials Soar, Europe's Central Bank Head Warns on Inflation
By BRIAN BLACKSTONE And MARCUS WALKER
Inflation fears—fueled by spiraling food, oil and raw material prices—are mounting around the globe, prompting the head of the European Central Bank to signal that it could raise interest rates in the future even though some countries have been weakened by the Continent's debt crisis.
Structured Finance Research Week: CMBS Recovery Model And The Impact Of Revised Counterparty Criteria
Structured Finance Research Week: CMBS Recovery Model And The Impact Of Revised Counterparty Criteria (00:12:20 min)
Howard Esaki, Zachary Wolf, James Manzi, and Erkan Erturk of Standard & Poor's Ratings Services' Global Structured Finance Research group discuss our commercial mortgage-backed securities (CMBS) recovery model, including the economic scenarios used, and how CMBX Index results compare across various industry models.
Howard Esaki, Zachary Wolf, James Manzi, and Erkan Erturk of Standard & Poor's Ratings Services' Global Structured Finance Research group discuss our commercial mortgage-backed securities (CMBS) recovery model, including the economic scenarios used, and how CMBX Index results compare across various industry models.
Tuesday, January 18, 2011
Sponsors' Action Plans Mitigate Number Of CreditWatch Placements In EMEA Structured Finance Due To Updated Counterparty Criteria
Sponsors' Action Plans Mitigate Number Of CreditWatch Placements In EMEA Structured Finance Due To Updated Counterparty Criteria (00:09:26 min)
Updates to Standard & Poor's Ratings Services' methodology for assessing counterparty risk in structured finance became effective on Jan. 18, 2011. As a result, we placed nearly 2,000 Europe, Middle East, and Africa (EMEA) structured finance ratings on CreditWatch negative, affecting 30% of transactions that we rate. However, many other transactions' sponsors provided us with action plans to mitigate any potential rating effect from the criteria update. In this CreditMatters TV segment, Senior Director Andrew South reveals the asset classes in which CreditWatch actions were most widespread, and discusses which sectors had the most action plans from transaction sponsors.
Updates to Standard & Poor's Ratings Services' methodology for assessing counterparty risk in structured finance became effective on Jan. 18, 2011. As a result, we placed nearly 2,000 Europe, Middle East, and Africa (EMEA) structured finance ratings on CreditWatch negative, affecting 30% of transactions that we rate. However, many other transactions' sponsors provided us with action plans to mitigate any potential rating effect from the criteria update. In this CreditMatters TV segment, Senior Director Andrew South reveals the asset classes in which CreditWatch actions were most widespread, and discusses which sectors had the most action plans from transaction sponsors.
S&P's Updated Criteria For Rating U.S. States
Standard & Poor's Updated Criteria For Rating U.S. States
Jan 18, 2011 | 00:05:24 min
On Jan. 3, 2011, Standard & Poor’s published “U.S. State Ratings Methodology,” which updates our existing criteria for rating U.S. states and territories. This follows the publication of our request for comment concerning proposed criteria revisions in May 2010. In this podcast, Managing Director Robin Prunty discusses the scope of the new criteria, our updated analytical framework for rating the states, potential rating implications, comments we received, and more.
http://www.podcasts.standardandpoors.com/
Jan 18, 2011 | 00:05:24 min
On Jan. 3, 2011, Standard & Poor’s published “U.S. State Ratings Methodology,” which updates our existing criteria for rating U.S. states and territories. This follows the publication of our request for comment concerning proposed criteria revisions in May 2010. In this podcast, Managing Director Robin Prunty discusses the scope of the new criteria, our updated analytical framework for rating the states, potential rating implications, comments we received, and more.
http://www.podcasts.standardandpoors.com/
Friday, January 14, 2011
Muni bond fears run wild
Muni bond fears run wild
By Charles Riley, staff reporterJanuary 14, 2011: 3:20 PM ET
NEW YORK (CNNMoney) -- Municipal bonds continued to sell off this week, as worried investors fled the market, and the media continued to churn out stories about state and local governments struggling with severe budget shortfalls.
It's easy enough to understand the concern. A growing number of states, including some of the biggest -- like California and Illinois -- face budget shortfalls of billions of dollars.
(more)
By Charles Riley, staff reporterJanuary 14, 2011: 3:20 PM ET
NEW YORK (CNNMoney) -- Municipal bonds continued to sell off this week, as worried investors fled the market, and the media continued to churn out stories about state and local governments struggling with severe budget shortfalls.
It's easy enough to understand the concern. A growing number of states, including some of the biggest -- like California and Illinois -- face budget shortfalls of billions of dollars.
(more)
Tuesday, January 11, 2011
The ‘New Normal’ Is Actually Pretty Old
The ‘New Normal’ Is Actually Pretty Old
By CATHERINE RAMPELL
Everything old is new again, including normality.
I had the pleasure of attending the American Economics Association’s annual conference this weekend, and over the course of many meetings with various brilliant thinkers one theme persisted: Everyone needs to get over the fear of the “new normal.”
......
By CATHERINE RAMPELL
Everything old is new again, including normality.
I had the pleasure of attending the American Economics Association’s annual conference this weekend, and over the course of many meetings with various brilliant thinkers one theme persisted: Everyone needs to get over the fear of the “new normal.”
......
Thursday, January 6, 2011
Catching of one’s breath on Frankfurt’s market for office space
Catching of one’s breath on Frankfurt’s market for office space
5 Jan, 2011, Frankfurt
The annual property area turnover of 475,000 m² in 2010 represented an increase of about 36% over the result achieved in 2009
http://www.cushwake.com/
5 Jan, 2011, Frankfurt
The annual property area turnover of 475,000 m² in 2010 represented an increase of about 36% over the result achieved in 2009
http://www.cushwake.com/
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