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Aug 22, 2011

BLOOMBERG News, Aug 22, 2011


China Stocks Fall on Policy Tightening, Global Economic Concerns
BusinessWeek
By Bloomberg News Aug. 22 (Bloomberg) -- China's stocks fell, extending the benchmark index's losses to a fifth day, on concern the government will further tighten monetary policy even as the global economic slowdown threatens to curb Chinese exports. ...
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Stocks Drop as Gold Gains to Record
Bloomberg
Photographer: Kerem Uzel/Bloomberg Aug. 22 (Bloomberg) -- Mark Mobius, executive chairman of Templeton Asset Management's emerging markets group, talks about the outlook for US Federal Reserve monetary policy and global financial markets. ...
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Wall Street Aristocracy Got $1.2T in Loans
Bloomberg
Source: Bloomberg Aug. 21 (Bloomberg) -- Robert E. Litan, a former Justice Department official who in the 1990s served on a commission probing the causes of the savings and loan crisis, now vice president at the Kansas City, Missouri-based Kauffman ...
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Yen, Franc Weaken Amid Speculation Japan, Switzerland Ready to Intervene
Bloomberg
Photographer: Tomohiro Ohsumi/Bloomberg Aug. 22 (Bloomberg) -- Thomas Harr, head of Asian currency strategy at Standard Chartered Plc in Singapore, talks about global currencies. Harr, who also discusses the US economy and Federal Reserve monetary ...
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Emerging-Market Bonds Show Ratings Don't Matter as Yields Fall
BusinessWeek
22 (Bloomberg) -- For the first time in five years, emerging-market debt is breaking its link with riskier assets and trading in sync with securities investors deem the safest. Gains in local-currency debt of developing nations sent yields on the ...
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Thailand Says Economy Grew a Slower-Than-Estimated 2.6% in Second Quarter
Bloomberg
Photographer: Dario Pignatelli/Bloomberg July 8 (Bloomberg) -- Vikas Kawatra, head of institutional broking at Kim Eng Securities (Thailand) Pcl, the country's biggest brokerage, talks about the nation's politics, economy, and stocks. ...
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Mexico Raises Forecast for Direct Investment 11% to $20 Billion
Bloomberg
22 (Bloomberg) -- Mexico's Economy Minister Bruno Ferrari, speaks about the outlook for foreign investment into the country and the nation's economic growth. Ferrari, who talked with Bloomberg'sPeter J. Brennan at a Mexican trade fair in Los Angeles ...
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Gold Seen Heading for Biggest Annual Gain in 32 Years on Flight to Safety
Bloomberg
Photographer: Kuni Takahashi/Bloomberg Gold may climb the most in more than three decades this year as investors and central banks boost their holdings on concern that global economic growth may stall amid a worsening sovereign-debt crisis in the US ...
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Sensex Swings Between Gains, Losses; Tata Consultancy Tumbles; JP Advances
Bloomberg
Earnings for 46 percent of Sensex companies missed analyst estimates in the three months ended June 30, data compiled by Bloomberg show. That compares with 33 percent that trailed forecasts in the previous quarter. India's benchmark wholesale-price ...
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Salgado Confident EU Rescue Fund Won't be Needed to Backstop Spanish Bonds
Bloomberg
22 (Bloomberg) -- Spanish Finance Minister Elena Salgado talks about meeting the country's 2011 budget targets and the measures proposed by the leaders of France and Germany for more fiscal unity in the euro zone. She spoke on Aug. ...
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The incredible shrinking mayor!
New York Post
Chris Christie declared the other day that Mayor Bloomberg is "not the dictator anymore." Though spoken by someone who's obviously never tripped over a Gotham bike lane, the comment contains more than a nugget of truth. ...
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Hollywood Eyes China Cinema Boom
Bloomberg
Photographer: Jasin Boland/Sony Pictures via Bloomberg July 6 (Bloomberg) -- Bloomberg'sEmily Chang reports on the challenges US movies face in the Chinese film market. Chang speaks onBloomberg Television's "Bloomberg West." (Source: Bloomberg) Actor ...
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BBB Borrowers' Yields Slip to Record Low as Bond Sales Slide: Japan Credit
Bloomberg
19, the lowest spread since March 21, according to Japan Securities Dealers Association prices onBloomberg. Average yields on five-year bonds rated BBB fell to 0.78 percent on Aug. 19, the lowest since Bloomberg started collecting the data in 1997. ...
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Gold Advances to Record as Platinum Reaches High
Bloomberg
Photographer: Kerem Uzel/Bloomberg Aug. 22 (Bloomberg) -- Dominic Schnider, global head of commodity research at UBS Wealth Management, talks about the outlook for commodities. Schnider speaks from Singapore with Susan Li on Bloomberg Television's ...
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Analyst Estimates 10 Times Higher Than GDP
Bloomberg
Buckland speaks with Lisa Murphy on Bloomberg Television's "In the Loop." (Source: Bloomberg) Aug. 22 (Bloomberg) -- Mark Mobius, executive chairman of Templeton Asset Management's emerging markets group, talks about the outlook for US Federal Reserve ...
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Templeton's Mobius Sees Stock Markets Rising on Inflation
Bloomberg
22 (Bloomberg) -- Mark Mobius, executive chairman of Templeton Asset Management's emerging markets group, talks about the outlook for US Federal Reserve monetary policy and global financial markets. Mobius speaks from Seoul with Susan Li on Bloomberg ...
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Homebuyers Hunker Down as Housing's Drag on Economy May Worsen
Bloomberg
The Bloomberg Consumer Comfort Index sank to the lowest since the recession. The Standard & Poor's 500 Index has fallen for four straight weeks, losing 16 percent since July 22. On the day Jain canceled his deal to buy the Folsom house, global stock ...
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Oil Futures Trade Near $82 in New York After a Fourth Week of Declines
Bloomberg
22 (Bloomberg) -- Victor Shum, a senior principal at Purvin & Gertz Inc., discusses the outlook for oil prices if Libyan leader Muammar Qaddafi is removed from power. He speaks from Singapore with Linzie Janis on Bloomberg Television's "First Look. ...
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El-Erian Joining Feldstein-Fels on Prospect of Euro Evolving Into New Core
Bloomberg
17 (Bloomberg) -- Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., talks about the outlook for a "smaller, much-better integrated, fiscally stronger" euro zone. El-Erian, speaking with Tom Keene on Bloomberg Television's ...
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Strauss-Kahn's Fate May Be Revealed at Prosecutor Meeting With His Accuser
Bloomberg
Thompson didn't return a call or e-mail from Bloomberg News for comment on that remark. Diallo sued Strauss-Kahn this month in New York state court in the Bronx, alleging “violent and deplorable acts” occurred May 14 in his suite in the Sofitel, ...
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Jefferson County Agony Means Higher Borrowing Costs for Alabama Taxpayers
Bloomberg
Issuers in the state sold $1.1 billion in municipal debt this year through last week, according to data compiled by Bloomberg. That compares with $1.7 billion in the same period last year and $2.7 billion in 2007, before the market crash. ...
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Canadian Banks May Defy Global Economic Slowdown With 14% Earnings Growth
Bloomberg
The world's ninth-biggest economy is expected to expand 2.8 percent this year, compared with 1.8 percent in the US, according to Bloomberg estimates. Canadian Finance Minister Jim Flaherty said Aug. 19 that economic growth probably slowed in the second ...
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Siemens Circling Invensys in Breakup Means 80% Increase in Value: Real M&A
Bloomberg
Photographer: Gianluca Colla/Bloomberg Invensys Plc (ISYS) may be worth 80 percent more in a breakup, as Siemens AG (SIE) circles the maker of software used to run the London Underground's subway trains. Invensys, which traces its roots back to the ...
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'Naked' Winemakers Battle Lab Wizards for Future of Wine: Books
Bloomberg
Source: DaCapo Press via Bloomberg The cover jacket of "An Ideal Wine: One Generation's Pursuit of Perfection - and Profit - in California" by David Darlington. The cover jacket of "An Ideal Wine: One Generation's Pursuit of Perfection - and Profit ...
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Czech Cabinet May Cut 2012 GDP Forecast, Prepare Savings Steps
Bloomberg
The government's pledge to cut the fiscal gap to less than the European Union limit of 3 percent of GDP helped Czech bonds outperform debt of other eastern EU members in the past year, according to data compiled by Bloomberg. The yield on the Czech ...
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Hong Kong Inflation May Exceed 8%
Bloomberg
Photographer: Jerome Favre/Bloomberg Aug. 18 (Bloomberg) -- Andrew Lawrence, a Hong Kong-based analyst at Barclays Capital Plc, talks about the global real estate market. Lawrence speaks with Susan Li on Bloomberg Television's "First Up." (Source: ...
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SPDR Gold May Wrest ETF Crown From S&P 500 Stock Fund as Turmoil Triumphs
Bloomberg
19, according to the most recent data compiled by Bloomberg, as the metal topped $1881 an ounce for the first time. SPDR S&P 500 ETF Trust (SPY), which has been the industry's largest exchange-traded fund since 1993, stood at $78 billion, a 2.1 percent ...
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Foster's May Use Share Buyback to Blunt Appeal of SABMiller's Hostile Bid
Bloomberg
Photographer: Simon Dawson/Bloomberg Aug. 18 (Bloomberg) -- Michael McCarthy, chief market strategist at CMC Markets in Sydney, talks about SABMiller Plc's bid for Foster's Group Ltd. McCarthy also discusses the outlook for global stocks. ...
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Ferrari Fetches Record $16 Million as Car Auctions Shrug Off Stock Turmoil
Bloomberg
Photographer: Pawel Litwinski/Gooding & Company via Bloomberg A 1925 Rolls-Royce New Phantom. The car was custom designed for the tiger hunting expeditions of India's Maharajah of Kotah. A 1925 Rolls-Royce New Phantom. The car was custom designed for ...
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China Resources, Delta, Genesis: Asia Ex-Japan Equity Preview
Bloomberg
That compares with the average HK$2.4 billion of three estimates compiled by Bloomberg. China Resources fell 4.8 percent to HK$12.78. Delta Electronics Inc. (2308) (2308 TT): The manufacturer of power supplies and video display products denied a report ...
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Obama Vacation Easy to Criticize, Hard to Read: Margaret Carlson
Bloomberg
He might as well take a few days off. (Margaret Carlson is a Bloomberg View columnist. The opinions expressed are her own.) To contact the writer of this article: Margaret Carlson in Washington at mcarlson3@bloomberg.net.
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China Cosco Has Third Ship Arrested in Two Months as Owners Seek Late Fees
Bloomberg
The Coal Gypsy is an 82295 deadweight-ton bulk carrier, according to data compiled by Bloomberg. China Cosco said last week in an e-mail to Bloomberg News that the disputes were part of “normal operations.” It didn't elaborate further. ...
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Libya 'Slipping From the Grasp of a Tyrant': Obama
Bloomberg
22 (Bloomberg) -- Bloomberg's Mia Saini reports on fighting in Libya. Libyan rebels said they captured two of Muammar Qaddafi's sons as they swept through the capital Tripoli in a drive to force Qaddafi out after 42 years of near-absolute power. ...
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Egypt's Shares Slump on Israel Border Violence, Growth Concern
San Francisco Chronicle
21 (Bloomberg) -- Egypt's stocks fell to the lowest in almost two weeks, leading declines in the Middle East, as tensions escalated with Israel after a deadly border incident last week and concern deepened the global recovery is slowing. ...
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A Hotter Planet Doesn't Have to Be Hungrier: Michael J. Roberts
BusinessWeek
By Bloomberg By Michael J. Roberts Aug. 22 (Bloomberg) -- For the rest of this summer and through the fall we're going to see great volatility in agricultural commodity prices. Inventories for key staples are low, and world demand is growing fast. ...
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Yen, Franc Fall on Speculation Officials to Curb Gains – Bloomberg ...
By asia economy - Google News
Trinh and Woods talk with John Dawson, Susan Li and Zeb Eckert on Bloomberg Television's "Asia ... Asian markets up...Resources & Energy stocks riseIndia Infoline.com. Dollar up from historic low against yenChannel News Asia ...
Financial News
Growing vegetables hydroponically in recycled shipping containers ...
By Willem Van Cotthem
City planners hope urban farms will also revitalize long-forgotten downtowns. http://www.bloomberg.com/news/2011-08-16/atlanta-grows-lettuce-in-freight-containers-as-urban-farms-bloom.html. By Jennifer Oldham Bloomberg Aug 15, 2011 ...
DESERTIFICATION
Bloomberg's Tom Keene: 'Because of My Workload, There's Just a Lot ...
By Merrill Knox
Bloomberg News editor-at-large Tom Keene opens up to New York magazine this week about his diet: the “healthy and then less-than healthy” options in the Bloomberg TV pantry, what restaurant he sits at to write his blog and how to make ...
TVNewser
China Construction Bank Posts Record $14.5 Billion Profit on ...
By Google Inc.
BBC News China Construction Bank Posts Record $14.5 Billion Profit on Credit Demand BloombergChina Construction Bank Corp. (939), the world's second-largest lender by market value, said first-half profit jumped 31 percent to a record ...
Wall Street Financial News
This Is Not Free Market Capitalism: Wall Street Aristocracy Got ...
By Barry Secrest
The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information ...
Conservative Refocus News
Wall Street Aristocracy Got $1.2T In Loans at Pat Dollard
By Angelia Phillips
It played that role to the tune of stunning $1.2 trillion during the financial-system crisis that began in 2007, according to data compiled for the first time by Bloomberg News. The Bloomberg probe of the Fed's lending, published Sunday ...
Pat Dollard
Rigorous yoga regimen gains slump following ... - Bangor Daily News
By UnBylined
Guy Calaf | Bloomberg News. Crude oil derivatives trader Corina Cotenescu, right, teaches a Bikram yoga class on Wall Street, where the 40-year-old branch of the ancient discipline has found a niche....
Bangor Daily News
Assad Rejects 'Colonialist' U.S. Call to Quit, Plans Parliament ...
Assad Rejects 'Colonialist' U.S. Call to Quit, Plans Parliament Elections - Bloomberg - BlackNews Junkie: All the Black news a Black news Junkie can handle. Black political news, Black entertainment News, Black sports News.
Black News Junkie - All the news...
Verizon warns it will suspend striking workers' health benefits ...
By RSS Feed
6, Verizon spokesman Richard Young told Bloomberg News. “If they're not employed and not working for the company, we're not going to fund their pensions,” Young said. Striking workers are covered by the Consolidated Omnibus Budget ...
Clearing and Settlement — Clearing...
Vietnam bonds rise after government sets lower yield at auction ...
By VBN
The yield on benchmark five-year notes dropped eight basis points, or 0.08 percentage point, the most since June 29, to 12.50 percent today, according to a daily fixing from banks compiled byBloomberg. The rate fell five basis points ...
Vietnam Business News
Employers Ready to Hire Can't Find Workers Among 9.1% Unemployed ...
Home - Top News. August 21, 2011 1:32 AM ... 8 (Bloomberg) -- Bill Begal says he has spent almost $2000 since March on help-wanted ads in newspapers, ...
news.businessweek.com/article.asp?documentKey=1376...
Bloomberg News wins in court | Democrat and Chronicle ...
A federal judge said there's insufficient evidence to show that the financial news company discriminated against pregnant women and mothers.
www.democratandchronicle.com/.../Bloomberg-News-wins-co...
Andrew M. Harris, Bloomberg News
Opposing rulings on individual mandate means Supreme Court likely to hear dispute. By Andrew M. Harris, Bloomberg News | August 15, 2011 ...
www.treasuryandrisk.com/.../andrew-m-harris-bloomberg-new...
Bloomberg News, Experienced Loan Markets Reporter with Bloomberg ...
Employer: Bloomberg, Location: City of London, ID: 4479, Hours: Full Time, Contract type: Permanent, Date posted: 19 Aug 2011.
www.gorkanajobs.co.uk/.../bloomberg-news-experienced-loan...
From Bloomberg Via finance.yahoo.com: Buffalo News Owner Warren ...
by Bloomberg via finance.yahoo.com. Billionaire Warren Buffett, who owns The Buffalo News, is urging Congress to raise taxes on the Nation's wealthiest ...
www.wnylabortoday.com/.../from-bloomberg-via-finance.yah...

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