Europe Rights Issues Lift Stock Supply, Share Prices
Feb. 16 (Bloomberg)—The amount of stocks in Europe is increasing for the first time since 2005 as the financial crisis forces companies to raise new money from shareholders. If history is a guide, higher prices for equities will follow.
U.S. CDS hits 69.5 basis point record high
LONDON, Jan 19 (Reuters) – The price investors pay to insure themselves against the U.S. government defaulting on its debt jumped to a record high on Monday, according to data provider CMA DataVision.
Five-year credit default swaps on U.S. Treasuries widened to 69.5 basis points from 61.1 basis points at the New York close on Friday, [...]
Dublin nationalizes Anglo Irish Bank
The Dublin government on Thursday night nationalised Anglo Irish Bank, the Irish Republic’s third largest lender which has seen the collapse of its share price accelerate in recent days amid fresh reports of large scale deposit withdrawals. [More..]
BoE cuts rate to lowest since 1694
Jan. 8 (Bloomberg)—The Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession. The Monetary Policy Committee, led by Governor Mervyn King, trimmed the bank rate by a half point to 1.5 percent.
[...]Abu Dhabi Well Positioned To Weather Storm
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—>Abu Dhabi is well-positioned to weather a sustained period of low oil prices and slow global economic growth due to its strong public finances, according to a major international ratings agency.
Over the past decade, Abu Dhabi has stored a significant portion of its oil earnings offshore, and can now tap that [...]
Industrial Metals Fall Further Than During Great Depression
The price of key industrial metals has fallen further over the last four months than occurred during the worst years of Great Depression between 1929 and 1933, according to research by Barclays Capital. [More..]
Stocks in Europe, Asia Decline; Deutsche Bank, Rio Tinto Drop
Dec. 2 (Bloomberg)—Stocks fell in Europe and Asia for a second day, led by banks and commodity producers, as concern deepened that a prolonged recession will crimp earnings. U.S. index futures were little changed. [More..]