New Clients get Free Start-up Capital -No Catches No Risk- Invest in C-GB Algo Hedge Fund

New Clients get Free Start-up Capital -No Catches No Risk- Invest in C-GB Algo Hedge Fund
New Clients get Free Start-up Capital -No Catches No Risk- Invest in C-GB Algo Hedge Fund- Sign up Receive Funds Invest in C-GB Algo Hedge Fund Account 5455085

Thursday, February 9, 2012

Frontrunning: February 9

Tyler Durden's picture
Submitted by Tyler Durden on 02/09/2012 07:23 -0500



  • New Greek demands threaten debt deal (FT)
  • Greek Finance Minister Heads to Brussels; Loan Talks Stall (WSJ)
  • Talks Stalled on Greek Bailout as Venizelos Heads to Brussels (Bloomberg)
  • US banks near historic deal on foreclosures (FT)
  • Obama: Europe needs "absolute commitment" on debt crisis (Reuters)
  • Fed's Lacker sees no need for more easing for now (Reuters)
  • Europe compromise urged at summit (China Daily)
  • China to Punish Illicit Bank Lending, Shanghai Securities Says (Bloomberg)
  • Monti Meets Obama Amid ’Spectacular Progress’ (Bloomberg)
  • Draghi’s First 100 Days Presage Greek Help (Bloomberg)
  • China to Reintroduce Government-Bond Futures (WSJ)
  • China says yuan rise not due to Xi's visit (Reuters)
  • Mitch McConnell to assail 'liberal thugs' (Politico)
Overnight press digest:
WSJ
* U.S. government officials are on the verge of an agreement worth as much as $25 billion with five major banks, capping a year-long push to settle federal and state probes of alleged foreclosure abuses by lenders.
* Federal securities regulators plan to warn several major banks that they intend to sue them over mortgage-related actions linked to the financial crisis.
* Diamond Foods removed two top executives and said it would restate two years worth of financial results, after an internal probe found it had wrongly accounted for payments to walnut growers.
* Greek political leaders have ended their meeting after seven-and-a-half hours without an agreement on austerity proposals.
* UBS notified employees it will take back part of the bonuses due to its best-paid investment bankers this year because of the trading scandal last year that put the unit into the red for 2011.
* China's consumer price index rose 4.5 percent in January from a year earlier, faster than the 4.1 percent rise in December, data from the National Bureau of Statistics showed.
* Yahoo's new Chief Executive Scott Thompson aims to turn around the Internet company at least in part by making it less dependent on its core online-ad business.
* Chinese Internet giant Alibaba Group Holding Ltd is in the process of raising a $3 billion loan from around six banks to buy back the stake that Yahoo owns in the company, people familiar with the situation said Thursday.
* Blackstone Group LP is expected to announce Thursday that the firm and an energy company in which it invested raised $1 billion from commercial banks to develop south Texas oil fields, according to people familiar with the matter.
FT
JAPAN LINES UP NATIONAL CHIP CHAMPION
Three Japanese semiconductor manufacturers including Panasonic and Fujitsu are in talks to merge their operations to create a national champion chipmaker that would be backed by the government, according to people familiar with the matter. http://link.reuters.com/mah56s
U.S. BOWS TO PRESSURE ON TAX RULES
The U.S. has eased onerous reporting requirements on overseas financial institutions, which it had sought to impose as part of a global crackdown on tax evasion. http://link.reuters.com/nah56s
UK AND ASIAN PROBE INTO RIGGING OF LENDING RATES
Almost a dozen traders and brokers in London and Asia have been fired, suspended or put on leave by their employers as a multinational probe into alleged manipulation of crucial global lending rates accelerates. http://link.reuters.com/pah56s
FACEBOOK ROLLS OUT TIMELINE-LINKED ADS
Facebook has found a way to monetise its new Timeline feature less than five months after launching it, repackaging what people "listen" to, "watch," and "read" into ads and delivering them to their friends. http://link.reuters.com/qah56s
GROUPON RECORD LOSS IN DEBUT RESULTS
Groupon has disappointed investors with its first quarterly financial results since it went public, reporting a loss that was well below the profits analysts had expected. http://link.reuters.com/rah56s
NEWS CORP PAYOUTS REACH MORE THAN $200 MILLION
The UK newspaper scandal that forced News Corp to shut the News of the World has cost Rupert Murdoch's media group at least $195 million so far, it said as it warned that it could not predict its future outlay on lawyers' fees and civil settlements with phone hacking victims. http://link.reuters.com/sah56s
INVESTORS REGAIN APPETITE FOR CORPORATE DEBT
European investors are buying new corporate debt in Spain and Italy for the first time in months, highlighting how recent measures by the European Central Bank to prop up the banking system have helped to thaw out the euro zone's beleaguered peripheral bond markets. http://link.reuters.com/tah56s
BA TO TEAM UP WITH JAPAN AIRLINES
International Airlines Group and Japan Airlines on Wednesday announced plans for a joint venture that would seek to maximise the profitability of routes between Europe and Japan. http://link.reuters.com/vah56s
NYT
* After months of painstaking talks, government authorities and five of
the nation's biggest banks have agreed to a $26 billion settlement that
could provide relief to nearly two million current and former American
homeowners harmed by the bursting of the housing bubble, state and
federal officials said.
* For the first time in over three decades, the Nuclear Regulatory
Commission is expected to decide to grant a license to build a nuclear
reactor. The vote is on two new reactors at the Southern Company's Alvin
W. Vogtle plant near Augusta, Georgia. It would be the first vote on a
construction license since 1978, a year before the Three Mile Island
accident in Pennsylvania.
* On Wednesday, the Federal Reserve Bank of New York announced that it
had sold assets with a face value of $6.2 billion to Goldman Sachs,
which trumped four other investment banks for the securities. This was
its second major sale this year of assets acquired in the 2008
government bailout of insurer American International Group Inc.
* Drawing on a string of improved economic data, advisers to President
Obama have updated their forecasts in recent days and now project that
the economy will create two million jobs this year if stimulus measures
are extended, which could reduce the unemployment rate to about 8
percent by year's end.
* The Federal Reserve released a brief statement on Wednesday saying it
had postponed a closed-door meeting about Capital One's $9 billion
takeover of ING Groep NV's U.S. online banking unit ING Direct, though
it did not explain the cause of the delay.
* Talks between Greek Prime Minister Lucas Papademos and the three
political leaders in his government stalled early Thursday, but the
leaders pledged to resume talks in order to reach an agreement on
austerity measures demanded by Greece's financial backers in return for a
$170 billion bailout.
European economic highlights:
  • Switzerland SECO Consumer Confidence for January -19 – higher than expected. Consensus -22. Previous -24.
  • UK Industrial Production for December 0.5% m/m -3.3% y/y – higher than expected. Consensus 0.2% m/m -3.1% y/y. Previous -0.7% m/m -3.1% y/y.
  • UK Manufacturing Production for December 1.0% m/m 0.8% y/y – higher than expected. Consensus 0.4% m/m 0.5% y/y. Previous -0.2% m/m. -0.6% y/y.
  • UK Visible Trade Balance GBP/Mn for December -£7,111 – higher than expected. Consensus -£8,700. Previous -£8,644.
  • UK Trade Balance Non EU GBP/Mn for December -£3,748 – lower than expected. Consensus -£5,000. Previous -£5,021.
  • UK Total Trade Balance GBP/Mn for December -£1,109 – lower than expected. Consensus -£2,500. Previous -£2,566.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)