EUROPE NEWS|APRIL 7, 2011
U.K. Data Stoke Worries on Growth
By ALISTAIR MACDONALD
LONDON—U.K. manufacturing suffered a sharp slowdown in February after several months as the economy's star performer, stoking doubts about the sector's ability to lead Britain's fragile economy back to health, as it has in Germany.
Thursday, April 7, 2011
Wednesday, April 6, 2011
CNN Money: Gold, silver and oil: The rally is back
Gold, silver and oil: The rally is back
By Ken Sweet, contributing writerApril 6, 2011: 3:48 PM ET
NEW YORK (CNNMoney) -- Oil, gold and silver have been hitting new highs and experts expect the momentum to continue.
By Ken Sweet, contributing writerApril 6, 2011: 3:48 PM ET
NEW YORK (CNNMoney) -- Oil, gold and silver have been hitting new highs and experts expect the momentum to continue.
emii.com: Columbia Unveils Absolute Return Funds
Columbia Unveils Absolute Return Funds
04-06-2011 | Source: emii.com
Columbia Management has unveiled two open-end absolute return mutual funds. The Columbia Absolute Return Multi-Strategy Fund aims at long-term returns similar to historical returns of investment-grade bonds, but with lower volatility and low correlation to the Barclays Capital U.S. Aggregate Bond Index.
04-06-2011 | Source: emii.com
Columbia Management has unveiled two open-end absolute return mutual funds. The Columbia Absolute Return Multi-Strategy Fund aims at long-term returns similar to historical returns of investment-grade bonds, but with lower volatility and low correlation to the Barclays Capital U.S. Aggregate Bond Index.
emii.com: GlobeOp To Unveil Hedge Fund Indices
GlobeOp To Unveil Hedge Fund Indices
04-06-2011 | Source: emii.com
GlobeOp Financial Services is seeking to roll out two new indexes tracking capital flows hedge funds. The two indices will offer monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom GlobeOp provides administration services.
04-06-2011 | Source: emii.com
GlobeOp Financial Services is seeking to roll out two new indexes tracking capital flows hedge funds. The two indices will offer monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom GlobeOp provides administration services.
Bloomberg: Portugal Seeks EU Bailout, Joining Greece, Ireland
Related News: Europe · Bonds
Portugal Seeks EU Bailout, Joining Greece, Ireland
By Joao Lima, Jim Silver and Anabela Reis - Apr 7, 2011 5:48 AM GMT+0900
Portugal has asked the European Union for a bailout after a domestic political crisis helped push borrowing costs to record levels, making it the third euro region country to seek a rescue.
Portugal Seeks EU Bailout, Joining Greece, Ireland
By Joao Lima, Jim Silver and Anabela Reis - Apr 7, 2011 5:48 AM GMT+0900
Portugal has asked the European Union for a bailout after a domestic political crisis helped push borrowing costs to record levels, making it the third euro region country to seek a rescue.
WSJ: German Banks May Add To Capital
BUSINESS|APRIL 6, 2011
German Banks May Add To Capital
By LAURA STEVENS, DANA CIMILLUCA and EYK HENNING
FRANKFURT—Germany's largest commercial banks—Deutsche Bank AG and Commerzbank AG—are expected to seek shareholder approval to raise billions of euros in capital, in the latest sign that Europe's banks are seeking to shore up their balance sheets in anticipation of a tougher regulatory environment.
German Banks May Add To Capital
By LAURA STEVENS, DANA CIMILLUCA and EYK HENNING
FRANKFURT—Germany's largest commercial banks—Deutsche Bank AG and Commerzbank AG—are expected to seek shareholder approval to raise billions of euros in capital, in the latest sign that Europe's banks are seeking to shore up their balance sheets in anticipation of a tougher regulatory environment.
S&P: Portugal: What S&P's Downgrade Means For The Country's Banks
Portugal: What Standard & Poor's Downgrade Means For The Country's Banks (00:20:59 min)
Since March 28th, 2011, we have downgraded, by several notches, the five Portuguese banks that we rate to 'BBB-'. We have also lowered the short-term ratings to 'A-3'. The outlooks on four of the five banks are negative. One bank still remains on CreditWatch negative. What prompted our rating actions on the banks? In this podcast, Director Elena Iparraguirre explains our rationale, why we feel sovereign risk and banks' ratings are so tighthly correlated, and our main expectations for the Portuguese financial system.
Listen
Since March 28th, 2011, we have downgraded, by several notches, the five Portuguese banks that we rate to 'BBB-'. We have also lowered the short-term ratings to 'A-3'. The outlooks on four of the five banks are negative. One bank still remains on CreditWatch negative. What prompted our rating actions on the banks? In this podcast, Director Elena Iparraguirre explains our rationale, why we feel sovereign risk and banks' ratings are so tighthly correlated, and our main expectations for the Portuguese financial system.
Listen
S&P: Why Municipal Risk Is Low For Rated U.S. Banks
Why Municipal Risk Is Low For Rated U.S. Banks (00:06:06 min)
There has been market debate about the outlook for municipal risk and U.S. banks' potential exposure to it, particularly in their loan portfolios and securities holdings. However, Standard & Poor’s believes the banks it rates aren't really facing significant exposure to municipal risk. In this CreditMatters TV segment, Managing Director Rodrigo Quintanilla explains why and discusses our findings.
Watch | Download
There has been market debate about the outlook for municipal risk and U.S. banks' potential exposure to it, particularly in their loan portfolios and securities holdings. However, Standard & Poor’s believes the banks it rates aren't really facing significant exposure to municipal risk. In this CreditMatters TV segment, Managing Director Rodrigo Quintanilla explains why and discusses our findings.
Watch | Download
Tuesday, April 5, 2011
WSJ: RBI's Gokarn: High Inflation Can't Be New Normal
ECONOMY|APRIL 5, 2011, 5:12 A.M. ET
RBI's Gokarn: High Inflation Can't Be New Normal
By SOURAV MISHRA, BIJOU GEORGE and SUBHADIP SIRCAR
MUMBAI—India cannot risk accepting high inflation as the "new normal," nor can the central bank be a bystander, a deputy governor of the Reserve Bank of India said Tuesday.
RBI's Gokarn: High Inflation Can't Be New Normal
By SOURAV MISHRA, BIJOU GEORGE and SUBHADIP SIRCAR
MUMBAI—India cannot risk accepting high inflation as the "new normal," nor can the central bank be a bystander, a deputy governor of the Reserve Bank of India said Tuesday.
WSJ: OECD Frets Over Inflation
EUROPE NEWS|APRIL 5, 2011, 5:21 A.M. ET
OECD Frets Over Inflation
By GABRIELE PARUSSINI
PARIS—Economic growth in the world's richest countries outside disaster-stricken Japan is gaining strength, the Organization for Economic Cooperation and Development said Tuesday in an upbeat interim assessment, but warned that a rise in commodity prices may push up inflation expectations.
OECD Frets Over Inflation
By GABRIELE PARUSSINI
PARIS—Economic growth in the world's richest countries outside disaster-stricken Japan is gaining strength, the Organization for Economic Cooperation and Development said Tuesday in an upbeat interim assessment, but warned that a rise in commodity prices may push up inflation expectations.
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