http://www.bloomberg.com/apps/news?pid=20601109&sid=aLLP3cSOQGsw&pos=15
Canada is home to 8 of the world’s 20 biggest gold producers, including the biggest, Barrick Gold Corp. They haven’t taken full advantage of record bullion prices in part because the credit crunch has driven up costs, Vaillancourt said. With credit easing and costs for labor and equipment coming down, he is pushing Franklin Templeton money managers to invest in the stocks this year.
“We have a preference right now for late-stage cyclicals in Canada, and gold stocks are fitting the bill,” he said.
Thursday, February 25, 2010
Stocks Advance on Bernanke; 10-Year Treasuries Erase Gain
http://www.bloomberg.com/apps/news?pid=20601087&sid=afEujmxx9faI&pos=1
Dollar Index
The Dollar Index, which gauges the currency against six major U.S. trading partners, slipped less than 0.1 percent to 80.818 after climbing to the highest level since June yesterday.
Dollar Index
The Dollar Index, which gauges the currency against six major U.S. trading partners, slipped less than 0.1 percent to 80.818 after climbing to the highest level since June yesterday.
Wednesday, February 24, 2010
U.S. Stock Slump Fits With Bull-Market Pattern: Chart of Day
http://www.bloomberg.com/apps/news?pid=20601109&sid=aUBuAdAnKGPU&pos=15
The potential volatility also will favor so-called active managers, rather than those who track indexes, the report said. Investors who make their own securities selections can capitalize on “opportunistic-style investments” as markets move, he wrote.
The potential volatility also will favor so-called active managers, rather than those who track indexes, the report said. Investors who make their own securities selections can capitalize on “opportunistic-style investments” as markets move, he wrote.
Japan’s Export Growth Accelerates on Global Rebound (Update2)
http://www.bloomberg.com/apps/news?pid=20601068&sid=aYo24aA8xmbI
Japan’s construction machinery shipments will likely rise for the first time in three years in fiscal 2010, supported by continued demand in China and other Asian nations, according to the Japan Construction Equipment Manufacturers Association.
Japan’s construction machinery shipments will likely rise for the first time in three years in fiscal 2010, supported by continued demand in China and other Asian nations, according to the Japan Construction Equipment Manufacturers Association.
Pimco Buys High-Yield Bonds in Credit Rating ‘Barbell’ Strategy
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMcIbQ0_TjIk&pos=5
Global high-yield bonds returned an average 61 percent last year compared to 16 percent for investment-grade notes with ratings of Baa3 or higher at Moody’s Investors Service or BBB- and higher at Standard & Poor’s, Bank of America Merrill Lynch indexes show.
Global high-yield bonds returned an average 61 percent last year compared to 16 percent for investment-grade notes with ratings of Baa3 or higher at Moody’s Investors Service or BBB- and higher at Standard & Poor’s, Bank of America Merrill Lynch indexes show.
Tuesday, February 23, 2010
Burma jails Buddhist abbot: opposition
http://news.smh.com.au/breaking-news-world/burma-jails-buddhist-abbot-opposition-20100219-olln.html
Burma's military regime has handed out dozens of tough jail sentences to people involved in the so-called "Saffron Revolution" led by Buddhist monks in 2007.
At least 31 people were killed as security forces cracked down on protesters after the biggest threat to the junta's grip on power in nearly two decades
Burma's military regime has handed out dozens of tough jail sentences to people involved in the so-called "Saffron Revolution" led by Buddhist monks in 2007.
At least 31 people were killed as security forces cracked down on protesters after the biggest threat to the junta's grip on power in nearly two decades
Stocks Fall, Euro Weakens on Surprise Drop in German Confidence
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUC5RON4JcFk&pos=1
The Ifo institute’s business climate index dropped in January as the coldest winter in 14 years hurt retail sales and construction, adding to concern the global economic recovery is faltering. Federal Reserve Bank of San Francisco President Janet Yellen said yesterday the U.S. economy still needs “the support of extraordinarily low rates” as policy makers try to damp speculation that last week’s increase in the Fed’s discount rate signals a rise in borrowing costs.
The Ifo institute’s business climate index dropped in January as the coldest winter in 14 years hurt retail sales and construction, adding to concern the global economic recovery is faltering. Federal Reserve Bank of San Francisco President Janet Yellen said yesterday the U.S. economy still needs “the support of extraordinarily low rates” as policy makers try to damp speculation that last week’s increase in the Fed’s discount rate signals a rise in borrowing costs.
Harvard’s Rogoff Sees ‘Bunch of Sovereign Defaults’ (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAd.sSfnhpTA&pos=5
He said financial markets will eventually drive interest rates higher, and European countries such as Greece and Portugal will “have a lot of troubles.” Global scrutiny of sovereign debt has risen as nations including Greece reveal fiscal deficits that have swollen in the wake of the worst global financial crisis since the Great Depression.
He said financial markets will eventually drive interest rates higher, and European countries such as Greece and Portugal will “have a lot of troubles.” Global scrutiny of sovereign debt has risen as nations including Greece reveal fiscal deficits that have swollen in the wake of the worst global financial crisis since the Great Depression.
Monday, February 22, 2010
Sunday, February 21, 2010
Lockhart Says Discount Move Doesn’t Signal Tightening (Update2)
http://www.bloomberg.com/apps/news?pid=20601068&sid=a7nn11p05b5A
“I would not interpret this action as a tightening of monetary policy or even a sign that a tightening is imminent,” Lockhart said. “Rather, this action should be viewed as a normalization step.” ...
“I would not interpret this action as a tightening of monetary policy or even a sign that a tightening is imminent,” Lockhart said. “Rather, this action should be viewed as a normalization step.” ...
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