CNNMoney: RT @FortuneMagazine: At European banks, the fire sale continues. Hedge funds are willing to take a gamble http://t.co/J4auEuUm
Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577
At European banks, the fire sale continues
December 9, 2011: 11:39 AM ET
Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go.
By Cyrus Sanati, contributor
FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.
Friday, December 9, 2011
Thursday, December 8, 2011
Deutsche Bank to sell £210m CMBS on Westfield’s Merry Hill
Deutsche Bank to sell £210m CMBS on Westfield’s Merry Hill
Posted on December 8, 2011 3:26 pm by James Wallace
Deutsche Bank will bring a £210m single loan commercial mortgage-backed securitisation (CMBS) to the market in January, secured by the £1bn Westfield Merry Hill shopping centre on the outskirts of Dudley.
http://costarfinance.com/2011/12/08/deutsche-bank-to-sell-210m-cmbs-on-westfields-merry-hill/
Posted on December 8, 2011 3:26 pm by James Wallace
Deutsche Bank will bring a £210m single loan commercial mortgage-backed securitisation (CMBS) to the market in January, secured by the £1bn Westfield Merry Hill shopping centre on the outskirts of Dudley.
http://costarfinance.com/2011/12/08/deutsche-bank-to-sell-210m-cmbs-on-westfields-merry-hill/
Wednesday, December 7, 2011
Bloomberg: Global Poll Predicts U.S. Economy Rebounding
Global Poll Predicts U.S. Economy Rebounding
By Rich Miller - 2011.12.06 09:00 PM
The U.S. receives its highest rating from international investors in more than two years on new optimism that the world’s largest economy will weather the financial crisis in Europe and avoid a recession in 2012, according to a Bloomberg poll.
By Rich Miller - 2011.12.06 09:00 PM
The U.S. receives its highest rating from international investors in more than two years on new optimism that the world’s largest economy will weather the financial crisis in Europe and avoid a recession in 2012, according to a Bloomberg poll.
Tuesday, December 6, 2011
Bloomberg: Australia Economy Grows More Than Forecast
Bloomberg: Australia Economy Grows More Than Forecast
By Michael Heath - 2011.12.06 07:02 PM
Australia’s economy grew faster than estimated last quarter on consumer spending and mining-driven investment, spurring the local currency as investors pared bets on the pace of interest-rate cuts next year.
By Michael Heath - 2011.12.06 07:02 PM
Australia’s economy grew faster than estimated last quarter on consumer spending and mining-driven investment, spurring the local currency as investors pared bets on the pace of interest-rate cuts next year.
USA Today: Geithner 'encouraged' by fiscal progress in Europe
USATODAYmoney: Geithner 'encouraged' by progress in Europe http://t.co/PvrwsOZG
Original Tweet: http://twitter.com/USATODAYmoney/status/144129293042188288
Dec 06, 2011
Geithner 'encouraged' by fiscal progress in Europe
By Richard Wolf, USA TODAY
2011.12.06 12:38 PM
As he hopscotches from Germany to France to Italy this week, Treasury Secretary Timothy Geithner sounds upbeat about the prospects of Europe surmounting a debt crisis that threatens the U.S. economy as well.
Original Tweet: http://twitter.com/USATODAYmoney/status/144129293042188288
Dec 06, 2011
Geithner 'encouraged' by fiscal progress in Europe
By Richard Wolf, USA TODAY
2011.12.06 12:38 PM
As he hopscotches from Germany to France to Italy this week, Treasury Secretary Timothy Geithner sounds upbeat about the prospects of Europe surmounting a debt crisis that threatens the U.S. economy as well.
Bloomberg: Drop in U.S. Jobless Rate Sign of Demo Shift
http://www.bloomberg.com/news/2011-12-06/drop-in-u-s-unemployment-rate-early-sign-of-coming-labor-shift-economy.html
Drop in U.S. Jobless Rate Sign of Demo Shift
By Shobhana Chandra - 2011.12.06 06:54 AM
The drop in U.S. unemployment so far this year may be an early glimpse of what’s to come as the workforce ages.
Drop in U.S. Jobless Rate Sign of Demo Shift
By Shobhana Chandra - 2011.12.06 06:54 AM
The drop in U.S. unemployment so far this year may be an early glimpse of what’s to come as the workforce ages.
Deals of the Week: Asian Asset Grab Intensified in North America
Evaluate Energy
Deals of the Week: Asian Asset Grab Intensified in North America
Government backed Asian companies made further moves for global oil and gas resources this week, with the target areas ranging from Canada and the United States to Australia. The largest deal came from INPEX Corp, who signed a $700 million transaction with Nexen to farm-in to a portfolio of assets primarily focused on the Horn River play of British Columbia in Canada. The Canadian shale gas sector has seen a flurry of deals lately from Asia, which is being driven by the low current gas reserve prices in North America and the development of LNG export terminals on the west coast of the country, ideal for serving the Asian markets. The deal will involve INPEX paying half of the consideration up front and half in the form of a cost carry to receive a 40% share of 300,000 acres of land in the Horn River, Cordova and Liard plays.
Deals of the Week: Asian Asset Grab Intensified in North America
Government backed Asian companies made further moves for global oil and gas resources this week, with the target areas ranging from Canada and the United States to Australia. The largest deal came from INPEX Corp, who signed a $700 million transaction with Nexen to farm-in to a portfolio of assets primarily focused on the Horn River play of British Columbia in Canada. The Canadian shale gas sector has seen a flurry of deals lately from Asia, which is being driven by the low current gas reserve prices in North America and the development of LNG export terminals on the west coast of the country, ideal for serving the Asian markets. The deal will involve INPEX paying half of the consideration up front and half in the form of a cost carry to receive a 40% share of 300,000 acres of land in the Horn River, Cordova and Liard plays.
Friday, December 2, 2011
Family Feud (Bill Gross, PIMCO)
Family Feud
Bill Gross, PIMCO
2012.12.02
- Investors should recognize that Euroland’s problems are global and secular in nature; it will be years before Euroland and developed nations in total can constructively escape from their straitjacket of debt.
- Global growth will likely remain stunted, interest rates artificially low and investors continually disenchanted with returns that fail to match expectations.
- Investors should consider risk assets in emerging economies, such as Brazil and Asia, and bonds in the strongest developed economies, where the steep yield curve may offer opportunities for capital gains and potentially higher total returns.
Bill Gross, PIMCO
2012.12.02
- Investors should recognize that Euroland’s problems are global and secular in nature; it will be years before Euroland and developed nations in total can constructively escape from their straitjacket of debt.
- Global growth will likely remain stunted, interest rates artificially low and investors continually disenchanted with returns that fail to match expectations.
- Investors should consider risk assets in emerging economies, such as Brazil and Asia, and bonds in the strongest developed economies, where the steep yield curve may offer opportunities for capital gains and potentially higher total returns.
CNNMoney: November jobs report: Hiring up, unemployment down
http://money.cnn.com/2011/12/02/news/economy/jobs_report_unemployment/
America's Jobs Crisis
November jobs report: Hiring up, unemployment down
By Annalyn Censky @CNNMoney December 2, 2011: 2:43 PM ET
WASHINGTON (CNNMoney) -- Hiring accelerated in November, and unemployment unexpectedly plummeted to its lowest rate in nearly three years.
America's Jobs Crisis
November jobs report: Hiring up, unemployment down
By Annalyn Censky @CNNMoney December 2, 2011: 2:43 PM ET
WASHINGTON (CNNMoney) -- Hiring accelerated in November, and unemployment unexpectedly plummeted to its lowest rate in nearly three years.
VOA: UN Grim on World Economic Prospects for 2012
December 01, 2011
UN Grim on World Economic Prospects for 2012
Margaret Besheer | United Nations
United Nations economists have sharply cut their projections for world growth and warned that 2012 will be key to whether the global economy makes a slow recovery or falls back into recession.
UN Grim on World Economic Prospects for 2012
Margaret Besheer | United Nations
United Nations economists have sharply cut their projections for world growth and warned that 2012 will be key to whether the global economy makes a slow recovery or falls back into recession.
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