Browsing All Posts filed under »Rest of the World«

Greek default could make others junk – Moody’s – Reuters

May 24, 2011 by


Portugal and Ireland would be at risk of multi-notch credit downgrades, pushing their ratings into junk territory in the event of a default by Greece, Moody’s EMEA chief credit officer told Reuters on Tuesday. “A Greek default would be highly destabilising and would have implications for the creditworthiness of issuers across Europe,” Alastair Wilson said […]

Apple crushes Wall St expectations – Reuters

April 21, 2011 by


Apple Inc’s results smashed Wall Street’s expectations after iPhone and Mac sales scaled new heights while iPad supplies could not keep up with roaring global demand. Shares of the world’s most valuable technology corporation rose 3 percent after it said a record 18.65 million units of the category-defining iPhone — its flagship product — moved […]

Crude Oil Declines as Saudi Arabia Says Market Is ‘Oversupplied’ – Bloomberg

April 18, 2011 by


Oil declined for the first time in four days in New York after Saudi Arabia, the world’s biggest exporter, said the global market has adequate crude supplies. Futures slipped as much as 0.5 percent after Saudi Arabia’s Oil Minister Ali al-Naimi said yesterday that the “market is oversupplied.” Crude fell 2.8 percent last week on […]

Gold falls on US rate-rise expectations – SMH

March 30, 2011 by


Gold futures fell, capping the longest slump in 11 weeks, on bets that US interest rates will increase as the economy recovers, eroding demand for the metal as an alternative investment. The Federal Reserve may be able to cut about $100 billion from its plan to buy US Treasury securities as the economy rebounds, St […]

Social networking sites overpriced: Buffett – SMH

March 30, 2011 by


Warren Buffett, the billionaire stock picker and takeover specialist, says investors should be wary of valuations for social networking websites as some of the industry’s biggest companies prepare to sell shares. “Most of them will be overpriced,” Mr Buffett, chairman and chief executive officer of Berkshire Hathaway, said in New Delhi. “It’s extremely difficult to […]

Great Speculations

March 22, 2011 by


Spring is in the air, there’s talk about markets looking up…it’s just the perfect time to get optimistic about the future of your investments. With a strong heart and some steel in your belly for risk-taking, check out these three new technologies for energy independence. Todd Ganos at Forbes writes about ways to go green […]

What’s next for commodities with Japan in crisis – MarketWatch

March 18, 2011 by


With Japan suffering from multiple disasters — earthquakes, a tsunami and nuclear crisis — it’s no wonder commodity prices almost across the board have seen significant declines on bets that demand for resources from the world’s third-largest economy will slow. But as the Land of the Rising Sun’s calm and determined citizens work to rebuild […]

Carlos Slim Widens Lead as World’s Richest Man – NyTimes

March 10, 2011 by


When it comes to the race for money, Carlos Slim Helú, the world’s richest man, has surged even further into the lead. The Mexican billionaire accumulated an additional $20.5 billion over the last year, bringing his total fortune to $74 billion, according the Forbes annual rankings of the world’s billionaires. Mr. Slim has held the […]

Risk appetite wilts as Saudi market tumbles 7% – FT

March 2, 2011 by


Stocks are retreating sharply and Treasuries are in demand after oil and gold surged, with traders spooked by a 7 per cent fall in the Saudi Arabia stock market on fears that unrest may spread to the kingdom. The S&P 500 on Wall Street is down1.2 per cent as worries about the Mideast override news […]

How big is the 2011 oil price shock? – FT Blog (Gavyn Davies)

February 24, 2011 by


Each of the last five major downturns in global economic activity has been immediately preceded by a major spike in oil prices. Sometimes (e.g. in the 1970s and in 1990), the surge in oil prices has been due to supply restrictions, triggered by Opec or by war in the Middle East. Other times (e.g. in […]