Mexico: December trade balance – Strong headline; weak results
Nader Nazmi - Market Economics
Latam Macro Snapshot | 25 Jan 2013 17:12 | 81 Kb
Here is the good news. Mexico reported a December trade surplus of USD 962mn while the consensus was expecting a deficit of USD 936mn. Now, the not-so-good news. Both imports and exports were weak and the surplus is explained by the fact that imports were weaker than exports.
Sunday, January 27, 2013
Pension Liabilities – Time to Get Real
Pension Liabilities – Time to Get Real
· Creeping pension liabilities are an increasing concern for credit investors.
· Companies should provide more granular information on both sides of their pension balance sheets, as well as use more realistic assumptions.
· A few companies have improved their disclosures in recent years, but in general the information available to investors is still far from what we need.
· Creeping pension liabilities are an increasing concern for credit investors.
· Companies should provide more granular information on both sides of their pension balance sheets, as well as use more realistic assumptions.
· A few companies have improved their disclosures in recent years, but in general the information available to investors is still far from what we need.
Friday, January 25, 2013
Prime yields stabilise and investment activity increases as 2012 closes
PRIME YIELDS STABILISE AND INVESTMENT ACTIVITY INCREASES AS 2012 CLOSES
24 Jan, 2013, London
The UK property investment market in 2012 ended on a stronger note than many expected - yields stabilised and investment activity increased in the closing months of the year, according to a report by Cushman & Wakefield.
Cushman & Wakefield projects forecast activity for 2013 will hit £35.5 billion, 7.5 per cent ahead of 2012.
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c57700005p&Country=GB
24 Jan, 2013, London
The UK property investment market in 2012 ended on a stronger note than many expected - yields stabilised and investment activity increased in the closing months of the year, according to a report by Cushman & Wakefield.
Cushman & Wakefield projects forecast activity for 2013 will hit £35.5 billion, 7.5 per cent ahead of 2012.
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c57700005p&Country=GB
Chile: Unemployment in the Greater Santiago area reached a record low in December.
Chile: Unemployment in the Greater Santiago area reached a record low in December.
Unemployment in the Greater Santiago area reached a record low in December. According to Universidad de Chile, unemployment declined to 5.2% in December in the Greater Santiago area. While the jobless rate usually benefits from benign Q4 seasonality, the actual reading was a positive surprise. December’s result stood 1pp below its level in the previous year.
The official December unemployment rate will be unveiled next week. We look for a 6.1% reading.
Unemployment in the Greater Santiago area reached a record low in December. According to Universidad de Chile, unemployment declined to 5.2% in December in the Greater Santiago area. While the jobless rate usually benefits from benign Q4 seasonality, the actual reading was a positive surprise. December’s result stood 1pp below its level in the previous year.
The official December unemployment rate will be unveiled next week. We look for a 6.1% reading.
European retail real estate investment volumes reach €19.4bn in 2012
http://www.property-magazine.eu/
European retail real estate investment volumes reach €19.4bn in 2012
Jones Lang LaSalle reports that retail real estate investment was strong in Q4 2012 lifting full year investment to €19.4bn; the top end of our €18-20bn forecast. Direct investment in retail real estate for Q4 2012 is €7.6bn compared with € 8.5bn in Q4 2011, down 11%. Full year volumes are estimated at €19.4bn, in comparison with €31.3bn in 2011, approaching the five year average of €23.7bn.
European retail real estate investment volumes reach €19.4bn in 2012
Jones Lang LaSalle reports that retail real estate investment was strong in Q4 2012 lifting full year investment to €19.4bn; the top end of our €18-20bn forecast. Direct investment in retail real estate for Q4 2012 is €7.6bn compared with € 8.5bn in Q4 2011, down 11%. Full year volumes are estimated at €19.4bn, in comparison with €31.3bn in 2011, approaching the five year average of €23.7bn.
Thursday, January 24, 2013
Sabine Pass Liquefaction to offer $1B in debt for LNG train construction
http://www.bizjournals.com/houston/news/2013/01/23/sabine-pass-liquefaction-to-offer-1.html
Sabine Pass Liquefaction to offer $1B in debt for LNG train construction
Collin Eaton
Sabine Pass Liquefaction LLC will soon offer $1 billion in senior secured notes due 2021, Houston-based natural gas distributor Cheniere Energy Partners LP (NYSE MKT: CQP) said in a statement.
Sabine Pass Liquefaction to offer $1B in debt for LNG train construction
Collin Eaton
Sabine Pass Liquefaction LLC will soon offer $1 billion in senior secured notes due 2021, Houston-based natural gas distributor Cheniere Energy Partners LP (NYSE MKT: CQP) said in a statement.
Interest Rates Will Spike This Year: Soros
http://www.cnbc.com/id/100401701
Interest Rates Will Spike This Year: Soros
Published: Thursday, 24 Jan 2013 | 4:34 PM ET
By: Justin Menza
There will be a dramatic rise in interest rates as soon as there are clear signs the U.S. economy is picking up, billionaire financier George Soros told CNBC.
Interest Rates Will Spike This Year: Soros
Published: Thursday, 24 Jan 2013 | 4:34 PM ET
By: Justin Menza
There will be a dramatic rise in interest rates as soon as there are clear signs the U.S. economy is picking up, billionaire financier George Soros told CNBC.
Dow Chemical CEO: Energy Growth a 'Game Changer'
Dow Chemical CEO: Energy Growth a 'Game Changer'
Published: Thursday, 24 Jan 2013 | 12:12 PM ET
By: Javier E. David | Special to CNBC.com
The U.S. energy complex including the growth of natural-gas drilling is "a game changer" that could easily contribute to global economic growth and job opportunities, Dow Chemical CEO Andrew Liveris told CNBC on Thursday.
http://www.cnbc.com/id/100405183
Published: Thursday, 24 Jan 2013 | 12:12 PM ET
By: Javier E. David | Special to CNBC.com
The U.S. energy complex including the growth of natural-gas drilling is "a game changer" that could easily contribute to global economic growth and job opportunities, Dow Chemical CEO Andrew Liveris told CNBC on Thursday.
http://www.cnbc.com/id/100405183
Asia Chart Alert: China: Labour market tightens further in Q4
Economics Research | Asia Ex-Japan
24 January 2013
Asia Chart Alert: China: Labour market tightens further in Q4
It reinforces our view that inflation will rise to over 4% y-o-y in H2.
Fig. 1: China’s labour demand/supply ratio and CPI inflation
24 January 2013
Asia Chart Alert: China: Labour market tightens further in Q4
It reinforces our view that inflation will rise to over 4% y-o-y in H2.
Fig. 1: China’s labour demand/supply ratio and CPI inflation
Manufacturers are Blocking the Free Flow of LNG
http://www.energybiz.com/
Manufacturers are Blocking the Free Flow of LNG
Ken Silverstein | Jan 23, 2013
Capitalism’s invisible hand has some interference when it comes to exporting liquefied natural gas. The producers of that super-cooled fuel want to ship their product overseas but manufacturers remain defiant and are blocking their path.
Manufacturers are Blocking the Free Flow of LNG
Ken Silverstein | Jan 23, 2013
Capitalism’s invisible hand has some interference when it comes to exporting liquefied natural gas. The producers of that super-cooled fuel want to ship their product overseas but manufacturers remain defiant and are blocking their path.
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