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Weak US home data slices into shares, gold rises

Weak US home data slices into shares, gold rises

  Weak May U.S. housing data undercut stocks and sent U.S. Treasuries up, while Europe grappled with a fresh tremor to its banking system after Fitch downgraded French bank BNP Paribas.  The downgrade hit Europe’s banking stocks, leading to the end of a nine-day rally and pushed prices for gold higher on safe-haven flows.  The […]
Rogue trader Kerviel fooled me, says ex-boss

Rogue trader Kerviel fooled me, says ex-boss

Former Societe Generale trader Jerome Kerviel used convincing lies to mask his risky, unauthorised bets, an ex-boss has told a Paris court. The 33-year-old Kerviel, whom SocGen blamed for a Ä4.9bn ($6.07bn) trading loss in 2008, made bets without bosses knowing, former supervisor Eric Cordelle added. “Jerome was always able to come up with reasons, […]
Financing solutions

Financing solutions

Banco Inbursa is a subsidiary of Grupo Financiero Inbursa which was established in Mexico 44 years ago, and since its foundation the same controlling shareholders have been managing the group. The bank has a strong balance with a 21.1 percent tier 1 capital ratio and loan loss reserves that cover 3.6 times its non performing […]
Trading global markets

Trading global markets

For more than 25 years, active traders have been finding their competitive edge in the world’s markets with the award-winning charting and market analysis in eSignal. Especially now, as exchanges around the globe point to economic recovery, subscribers to eSignal’s charting and market data can find profitable opportunities using time-tested technical analysis methodologies. A comprehensive […]
Difficulties on the horizon

Difficulties on the horizon

Under the current economic environment many countries are confronted with the need for rigorous budget measures to meet deficit-cutting targets. The enormous government debts, resulting from the accumulated government deficits over several years, or in some cases even decades, is causing severe problems. The common denominator in the budget measures that are currently being introduced […]
Rebuilding Wall Street

Rebuilding Wall Street

Easily the most significant of a mountain of laws now being drawn up in the backrooms of Congress and the Senate with the vigorous intervention of the White House is one that decrees no bank will be so big that it will not be allowed to fail. In short, no more bail-outs. The so-called “resolution […]
Multinationals target developing countries

Multinationals target developing countries

The economic crisis slashed global FDI flows by around 40 percent in 2009, affecting, albeit to a varying extent, all countries, all sectors, and all forms of investment.  Mergers and acquisitions in high-income countries were the quickest to contract soon after the sub-prime mortgage crisis in 2007. Gradually the contagion spread and affected new, greenfield […]
Is the euro here to stay?

Is the euro here to stay?

Even before the recent well publicised economic difficulties experienced by some members of the eurozone – in fact, since it was first launched as a currency – questions had been raised about the long term viability of the euro.  In 2005 the US economist Milton Friedman warned: “The euro is going to be a big […]
Islamic finance stakes position

Islamic finance stakes position

No Islamic bank needed to be bailed out during the credit crisis and no tax-payer cash was needed to prop up feckless and reckless lending. Many banks, like the Jordan Islamic Bank (JIB) actually increased deposits and upped market share. In fact, H.E. Mr Mohammed Abu Hamour, the Minister of Finance, turned to JIB itself […]
Liquidity mitigates volatile market

Liquidity mitigates volatile market

As the fifth largest financial institution in Paraguay measured by loans and deposits, Sudameris Bank, provides a full range of commercial and retail banking and insurance products and services. The last 18 months was one of the most challenging times in recent years for Paraguay. A rebalancing of domestic financial market liquidity and the sharp […]