Money Matters: Firstline Securities Blog

In Europe: EU talks up Spanish banks package, markets skeptical

10 July 2012

Markets rightly cautious about supposedly “clear path towards stabilization.”

Euro zone ministers struggled to reassure financial markets on Tuesday that an aid package for Spain they outlined overnight will help stabilize the currency bloc – a task made all the harder by a German legal challenge to its crisis-figh

In T&T: Foreigners invading scrap iron industry Dealers call for Govt to step in

9 July 2012

One man’s trash is another man’s treasure? Locals look for protection from foreign competition.

SCRAP IRON dealers are calling for the government’s help to control the infiltration of foreigners in the industry, which, they say, will cause the death of the lucrative business. Read more…

In the U.S.: U.S. Stock Futures Fall On Europe As Spanish Yields Climb

9 July 2012

Declines likely today as European woes are “getting everyone nervous.”

U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will drop for a third day, after an advance in Spanish yields intensified concern about Europe’s debt crisis and

In Europe: U.K. Stocks Decline For Second Day As Spanish Yields Rise

9 July 2012

Markets likely to be under far more scrutiny in the wake of rate-fixing probe.

U.K. stocks fell for a second day as Spanish bond yields surged before euro-area finance ministers meet in Brussels to discuss measures to contain the region’s sovereign-debt crisis. Read more…

In T&T: Dormant fund gets $24m kick-start. Designed to assist firms in oil, gas industry…

6 July 2012

Energy sector’s SME players to receive assistance as “NGC will continue its efforts to increase the percentage of local content.”

A fund which has been dormant for several years and was designed to help small firms in the oil and gas industry is getting a kick-start.

National Gas Company president Indar Maharaj announced yesterday that $24 million in the fund which has been “dormant for several years will now be available to assist small companies involved in the energy sector”. Read more…

In the U.S.: Stocks Fall As Treasuries Rise After U.S. Jobs Report

6 July 2012

Underwhelming payroll figures symptomatic of “…weakness around the world.”

Stocks (SXXP) and U.S. equity futures fell after a report showed American employers hired fewer workers than forecast last month. Treasuries rose for a second day while Spain’s 10-year debt yields reached 7 percent. Read more…

In Europe: Made-In-London Scandals Risk City Reputation As Money Center

6 July 2012

LIBOR fixing in graphic terms…“The boil is rancid, and we need to lance it.”

London risks losing its status as the world’s top financial center as the $360 trillion interest-rate fixing probe follows a series of market abuses by banks that eroded trust in a city already shrinking faster than rivals. Read more…

In T&T: Maracas Bay top of Cadiz’s list Moving to strengthen tourism industry

5 July 2012

First stop, Maracas! A very busy Tourism Minister identifies areas of improvement for popular beach facility.

TOURISM Minister Stephen Cadiz says the refurbishment of what he describes as the “brash and crass” Maracas Bay beach facility will be at the top of the list as he moves to strengthen the country’s tourism industry. Read more…

In the U.S.: Jobless claims post biggest fall since April

5 July 2012

Markets still somewhat flat even with substantial drops in jobless claims, as Euro fears persist.

The number of Americans filing new claims for unemployment benefits last week fell by the most in two months, government data showed on Thursday, a hopeful sign for the struggling labor market. Read more…

In Europe: European Central Bank cuts rates to new low to aid flagging economy

5 July 2012

Expansionary policy (25 bps cut) added to bailout to boost confidence. However “not seen as a panacea for the euro zone’s problems.”

The European Central Bank cut interest rates to a record low on Thursday to breathe life into a deteriorating euro zone economy and back up measures agreed by government leaders last week to tackle the bloc’s debt crisis. Read more…

Page 30 of 78« First...1020...2829303132...405060...Last »