It looks like the world is about to get another hedge fund. World renowned foreign exchange strategist Stephen Jen has left Morgan Stanley and is heading out to launch his very own hedge fund, SLI Macro Partners which has already set up a temporary office in the very exclusive Mayfair, London and will also be… Continue Reading
Rosneft-BP Merger A couple of months ago, world-renowned BP signed a deal with Russia’s major oil company Rosneft to “swap shares and jointly develop oil fields in the Arctic.” Of course it will be BP reaping most of the benefits (since it will be putting up the majority of the capital) with the Russian Rosneft… Continue Reading
With the global economy still in somewhat of a crisis and all the events in Japan impacting world finances too, it might be understandable if one were to inquire about the current position of the International Monetary Fund (IMF) today. Of course though, when it comes to such large monetary issues, where there are two… Continue Reading
Asia and Europe Not surprisingly, shares in Japan have dropped amid a backdrop of attempts to recover from the “world’s worst nuclear crisis in decades.” But Japan’s tragedy didn’t impact shares in Europe which steadied following a statement made by the region’s Central Bank chief, Jean-Claude Trichet on its decision to raise interest rates in… Continue Reading
Portugal Remains Silent Things aren’t looking so great for Portugal right now, either politically or economically. The country’s recent crisis has led to an attempt on the part of its government to “rein in the budget deficit.” In turn, this has resulted in markets once again shifting their focus to Europe’s sovereign debt crises. Given… Continue Reading
<h3>Global Financial Crisis on the Mend</h3> Finally there is some good news vis-à-vis the much talked about – nay, incessantly whined about – global financial crisis. The peak was around 3 years ago but since then there have been signs of improvement, albeit at a snail’s pace and still necessitating significant assistance according to Sultan… Continue Reading
<h3>Japan’s Potential Radiation Leaves Food Shortage</h3> The consequences of Japan’s recent disasters are starting to have an impact on global food imports. Along with America, Australia and Singapore have now been restricting food and milk imports from there, with Canada set to also pull the reins on its screening. Those living in Tokyo have even… Continue Reading
<h3>Diamonds Are a Girl’s Best Friends</h3> If anyone knows that fact it’s Tiffany…as in Diamond-buff Tiffany. The company just publicized their staggeringly juicy figures for fourth quarter earnings of $181.2 million ($1.41 per share) which is quite a step-up from the same quarter of last year which was $140.4 million ($1.10 per share). Despite… Continue Reading
Agribusiness in Ukraine is a key, rapidly growing industry. Each year, hundreds of leading global industry participants gather at the Intercontinental Hotel in Kyiv for a conference, “Agribusiness in Ukraine” to discuss relevant strategic issues facing the ongoing development this dynamic economic sector in Ukraine, which is extensively blessed with some of the most fertile… Continue Reading
Brits Not Getting British Jobs? According to official figures, a staggering 80 percent plus of jobs were given to individuals not born in Britain. Last year, figures were 173,000 for those getting jobs not born and bred in the country with only 39,000 (less than one in five) being given to the Brits. Foreign Immigration… Continue Reading