Markets Live: Oil rout intensifies
4:02pm: Cardno chief executive Michael Renshaw has stepped down after a tough year for the listed engineering, infrastructure and environmental services group, triggering a 16 per cent plunge in the companys share price. Chief financial officer Graham.
Markets Live: ASX rebound hits ceiling
This is a multi-year rally, Huang, who predicted last January that Chinas stocks would jump 20 per cent in 2014, said in New York at an annual conference on the nations economic outlook hosted by the National Committee on United States-China.
Dec 9.2014 | - harveyorgan
My website is now ready You can find my site at the following url: http://www.harveyorganblog.com or www.harveyorgan.wordpress.com I will continue to send the comex data down to my good friends at the Doctorsilvers website on a continual basis.. With Chinese stocks concentrated is even fewer hands than in the US (and recently fearful of the surge in margin trading), it appears the PBOC is trying to stall the acceleration is as careful manner as possible.
Global stocks slip on oil, Greece - Business Insider
London (AFP) - Global stock markets slumped Tuesday as oil prices struck fresh five-year lows, China clamped down on speculative trading and Greece sparked renewed worries about the eurozone. Misery loves company��.
Gold prices plunge deeper into bear market to below $1,400.
Gold dropped as much as 6.3% today to below US$1400 per ounce for the first time since March 2011 as the markets downward momentum gained speed after more than four months of investor selling.. Commodities fell to a nine-month low, led by the worst plunge in gold since 1980, and global stocks slid the most since June as Chinas economic growth unexpectedly slowed and investors speculated hedges against inflation were unneeded. The yen and dollar��.
Stephen Roachs Nightmare Scenario Of A US-China Trade.
Presidential candidate Mitt Romney has gone so far as to say he would call China a currency manipulator on his first day in office. And the U.S. has filed WTO complaints about Chinese curbs on exports of rare earths and��.
Markets Live: China trade buoys ASX
4:30pm: Shares have closed lower, despite an afternoon rally inspired by surprisingly strong Chinese trade data, after mining and energy shares once again weighed on the market. The ASX 200 closed 18 points,... Aluminas CEO Peter Wasow, stated.
Pilots: Further Lufthansa Strikes Likely
The dispute revolves around an early retirement scheme and Lufthansas plans to expand its low-cost operations to win back market share lost to the likes of Ryanair and easyJet, which are expanding in Germany. Reuters reported that 10 strikes staged by.
Shanghai, Greece set off global stocks rout but US escapes.
The drop came after Chinese authorities announced a new rule late Monday tightening the use of corporate bonds as collateral for short-term financing -- a move analysts said will curb investors ability to trade on margin. Tokyo dropped. Among individual stocks, Tesco shares were the biggest loser in London, sinking 6.6 percent to close at 174.90 pence after the big supermarket group sharply reduced its profit forecast.. Comments on this post are now closed.
Markets Live: China weighs on shares
The Shanghai Composite was 6.7 per cent lower in late trade after Chinas securities regulator cracked down on margin accounts to curb excessive speculation. Shares in Citic Securities and Haitong Securities were. With shares in the big four falling.
A stock buyers guide for 2015: Olive
WestJet shares trade at something of a discount, with a price-earnings multiple of 16.2. (Current stock-market darling Facebook Inc. commands a p/e of 74.) Airline analysts believe a fair p/e multiple for WestJet is closer to 18. That would price the.
Ups and downs of low oil prices
Globally, far more advanced oil and gas exploration projects worth more than $US150 billion are likely to be put on hold next year as the plunging oil prices make them uneconomic, data shows, and this could potentially curb supplies by the end of the.
The Dollar and the Deficits | Foreign Affairs
For example, the United States trade and current account deficits have declined sharply over the last three years, but absent new policy action, they are likely to start climbing again, rising to record levels and far beyond.. the Obama administration and the Congressional Budget Office (CBO) suggest that both in the short run, as a result of the crisis, and over the next decade or so, as baby boomers age, the U.S. budget deficit will exceed all previous records by considerable margins.
China Crashes: Shanghai Composite Plunges 5.4% Amid.
Following our report last night about Chinas change in collateral rules, in which we noted that none other than the PBOC was now eager to pop the equity bubble following the PBOC simultaneously fixing the CNY significantly stronger. Index set to snap five-day 13% win streak; CSI 300 -4.8%; HSCEI -4.5% in H.K. trading; CSI 300 snaps record win streak, dropping for 1st time in 13 sessions; Shanghai margin trading, short-sell balance rose yday to 601.7b yuan.
Netflix Shares Plunge After Hitting Record High | Breakout.
From Yahoo Finance: After spiking over 10% in early trading Tuesday, shares of Netflix (NFLX) plunged midday, burying investors who chased the stock higher. Shares briefly hit $400 after-hours on Monday after the company��.
China shares plunge on margin trade curbs
Chinese shares plunged more than 8% Monday after the countrys securities regulator imposed margin trading curbs on several major brokerages, a sign that authorities are trying to rein in the markets big gains. Other Asian stock markets were mostly.
Gold Crashes Most in 30 Years. What Does It Really Mean.
Adding insult to injury, the Shanghai Gold Exchange overnight announced that following the tumbling precious metal prices and limit down drop in early trading, it may raise trading margins for its gold and silver forward contracts.. ���Optimism that a U.S. recovery will curb the need for stimulus���; and. Other China data also raised doubts about the health of the global economy ��� industrial production slowed to 8.9% in March against economists forecasts for about 10%.
How long can the Dollar Last as the Worlds Reserve.
Politically both China and the US face populations that are profoundly unhappy and if major changes are not made in both societies, both are ripe for revolution... Taleb today signaled he favors curbs on the trading of some financial instruments. House of. He now advises Universa Investments LP, a Santa Monica, California-based firm opened in 2007 by Mark Spitznagel, Talebs former trading partner, using some of the same strategies theyd run since 1999.
Chinese banks attempt to lure new customers with Mercedes
Chinese banks, desperate to attract customers who are finding alternatives for their savings, are turning to giveaways.. con to accelerating interest reform now is that it will put pressure on banks interest margins just as they are having to cope with rising nonperforming loans,��� said Julian Evans-Pritchard, a Singapore-based China analyst at. Similar offers of toasters, casserole dishes and other appliances were once a staple of U.S. banks... Small Cap Investing��.
Homebuilders Plunge From First To Worst As Efficient Stock.
. proving that they know something right? Right? Homebuilders are now the biggest losers - down 3% from the highs - as KB Homes conference call slashes guidance, pulls land deals, and expects margin compression.
Protectionism Is Stirring Despite Lessons of 1930s
This time, the deficit was allowed to rise to a wartime 10% of gross domestic product and has since been cut to under 3% of GDP���but mainly as a result of resurgent revenues from the recovery and curbs on federal spending. In international trade and.
Emission Cuts No Curb to Economic Growth | Climate.
New York Times: The cries of protest have been fierce, warning that President Obamas plan to cut greenhouse gases from power plants will bring soaring electricity bills and even plunge the nation into blackouts. By the. USA 17.2, China 7.2, so I wasnt totally correct. But you seems to think China needs to do more since its a bigger country? So if China were to be split into 4 countries with the CO2 emissions 7.2 per capita it would be OK? Less than half that of USA.
Microns Second-Quarter Sales Forecast Misses Estimates
Micron Technology Inc. (MU:US) gave a forecast for fiscal second-quarter sales that fell short of analysts estimates as increased supply and lower seasonal demand curb revenue at the biggest U.S. memory-chip maker. Sales in the period. Market.
World economy in turmoil as oil price plunges
However, this proved lucrative as China continued to motor on following its stimulus, demanding oil and allowing for a high enough price to make investment in shale attractive.. Trade war. The rise of US oil has now sparked a trade war with Saudi Arabia, leader of OPEC - the cartel of oil producing countries. As oil prices began to fall this summer, due to the waning strength of the world economy, the Saudis decided to embark on a tactic of not cutting production��.
Shanghai stock exchange plunges 5.43% at close | Capital.
STOCKS-CHINA. Shanghai stock exchange plunges 5.43% at close/AFP. SHANGHAI, December 9- Shanghai shares plunged more than five percent on profit-taking Tuesday, only a day after the benchmark composite index broke the. But investors took profits Tuesday after authorities announced a new rule late Monday tightening the use of corporate bonds as collateral for short term financing ��� a move analysts said will curb investors ability to trade on margin.
Indian business scene in 2014 at a glance
Traders attributed the gains to data showing the balance of payments was in surplus for a third straight quarter, while current account deficit widened but stayed within comfort. India, China sign trade and economic co-operation pact. India and China.
Swiss Gold Referendum Fails: 78% Vote Against Protecting.
With the referendum out of the way, the CHF may paradoxically find itself with a situation in which the inflows in the CHF force it to double down on defending the cap: economists have questioned whether the SNB will now find itself having to reinforce its cap with a... Either way for a short time it will still give us even better buying opportunities as long as there is phyzz available and as long as premiums dont skyrocket on the back end of a massive beat-down. Well��.
Markets Live: Miners in a hole
Housing shares slumped after KB Home, a US house builder, said that its first-quarter margins will contract. The stock plunged as much as 19 per cent, the most intraday in more than three years. ���Theres a limit to how high the market can go, and now.
The plummeting oil price: a guide to the global shockwaves
Margins and profits have been squeezed in order to keep ticket prices down. Now, as. Chris Goater, a spokesman for the organisation, acknowledges that there will be a time lag before consumers enjoy cheaper prices, but adds: ���The airline industry is.
Tea Party Takes Aim at Republican-Obama Deal on Trade Agenda
Prominent Republicans have lobbied some House members to say a law on negotiating authority constrains the president to do only the bidding of Congress, said Robert Zoellick, a U.S. trade representative under George W. Bush.
IMF Asks Rich Nations for Support
The comments ��� from the funds managing director and its lead economist ��� reflect growing concerns within the I.M.F. that Germany, which recently passed China as the country with the largest trade surplus in the world, is not doing enough to spur.
Tuesday Papers: OPEC leader vows not to cut oil output
Financial Times: BP should face a lower penalty for its 2010 oil spill in the Gulf of Mexico than the $16 billion-$18 billion sought by the US government because of the slump in the price of crude since the summer, the company has argued. Financial.