Bill Winters, ex-investment banking head at JPMorgan, seems to be hiring

http://news.efinancialcareers.com/uk-en/133810/so-you-want-to-work-for-bill-winters/

Bill Winters, ex-investment banking head at JPMorgan, seems to be hiring
by Sarah Butcher
6 February 2013

Yesterday’s appearance of a tanned and erudite (if not entirely relaxed) Bill Winters in front of the UK Parliamentary Commission on Banking Standards, was a reminder that the popular JP Morgan banker hasn’t faded into obscurity as Jamie Dimon might have hoped.

The City That Oil Built Gets a Retrofit for The Latest Gusher

The City That Oil Built Gets a Retrofit for The Latest Gusher

02/5/2013

HOUSTON -- On the outskirts of this sprawling city's core, Royal Dutch Shell PLC is in the midst of a major expansion of its corporate offices.

http://www.energycorridor.org/news/news-list/news-item?title=the-city-that-oil-built-gets-a-retrofit-for-the-latest-gusher

Chile: Robust economic performance continued in December

Chile: Robust economic performance continued in December

Florencia Vazquez - Market Economics
Latam Macro Snapshot | 05 Feb 2013 14:03 | 42 Kb

Economic activity was reported to have advanced 4.7% y/y in December according to the monthly proxy for real GDP (Imacec) unveiled by the central bank. Performance stood fairly in line with our forecast and visibly ahead of the Bloomberg consensus (4.8% and 3.7% y/y, respectively).

First Insights: China: Government announces reform plan to improve income distribution

First Insights: China: Government announces reform plan to improve income distribution

The Chinese government announced its plan to reform income distribution today. This is an important reform plan which has been debated by the government for many years. Our comments:

High-Yield Bond ETFs: Rush for the Exits?

High-Yield Bond ETFs: Rush for the Exits?
February 5th at 1:00pm by John Spence

The cash outflows in the largest junk bond ETFs such as iShares iBoxx High Yield Corporate Bond (NYSEArca: HYG) and SPDR Barclays High Yield Bond (NYSEArca: JNK) have analysts wondering whether the pullback is a healthy correction after a strong rally, or a sign of something more serious in credit markets.

http://www.etftrends.com/2013/02/high-yield-bond-etfs-rush-for-the-exits/

Sabine Pass Liquefaction Closes USD 1.5 Billion Private Placement, USA

Sabine Pass Liquefaction Closes USD 1.5 Billion Private Placement, USA
Posted on Feb 4th, 2013

Cheniere Energy Partners said that its wholly owned subsidiary, Sabine Pass Liquefaction, has closed the previously announced private placement of $1.5 billion aggregate principal amount of its 5.625% Senior Secured Notes due 2021.

http://www.lngworldnews.com/sabine-pass-liquefaction-closes-usd-1-5-billion-private-placement-usa/

First Insights: China: First annual capital account deficit since 1998

First Insights: China: First annual capital account deficit since 1998

China’s capital account recorded a deficit of US$117bn in 2012, the first capital account deficit since 1998. Net FDI inflows rose slightly to US$180bn in 2012 from US$179bn in 2011, but were offset by net portfolio and other financial outflows.

Chile: Policy minutes reflect increasing concerns about inflation

Chile: Policy minutes reflect increasing concerns about inflation

Florencia Vazquez - Market Economics
Latam Macro Snapshot | 01 Feb 2013 14:34 |

The minutes of the January monetary policy meeting showed that the central bank is less concerned about (diminished) external downside risks to growth and increasingly worried about the implications for inflation of the persistently robust economic performance (which have not yet materialized).

Is the Trend Our Friend?

Is the Trend Our Friend?

Julia Coronado - Market Economics
US Daily Spotlight | 04 Feb 2013 00:20 |

Last week’s US data provided some big headline surprises, but, on balance, provided some key signals on the state of the US recovery. While Q4 GDP surprised sharply to the downside with a small decline, December construction data on Friday already suggested a small upward revision to a flat reading. Smoothing through the Q3 and Q4 offsetting surprises, the message seems to be the underlying run rate of the economy through 2012 was about 1.5%, somewhat below our prior estimate closer to 2.0%. While January payrolls were close to expectations, benchmark revisions going back to March 2011 suggest a higher trend pace of hiring. Nonfarm payrolls averaged 181k in 2012 and 175k in 2011. This more robust estimate of hiring coupled with a gradual, steady decline in the unemployment rate suggests trend growth in the US may be slower than most current estimates.

Chile Sees 2013 Copper Production Boost Contributing to Global Surplus

Chile Sees 2013 Copper Production Boost Contributing to Global Surplus
Friday February 1, 2013, 4:00am PST
By Ragnhild Kjetland - Exclusive to Copper Investing News

Even as copper producers are halting or delaying large new projects, Chile — the world’s largest source of copper — is expecting record output to push global supply above demand for the first time since 2009, potentially depressing copper prices toward the end of the year.

http://copperinvestingnews.com/13768-chile-copper-production-boost-2013-contributing-global-surplus-bhp-anto-price.html