Economy & Markets
The important economic and stock market news that advisors need to know.
M&A Prospects Lead Citi to Add Seven in Japan
By Marlene Y. SatterA stagnating local economy and a strong yen are leading Japanese companies to look outside their own borders for expansion, and sources say that has led Citigroup to add seven bankers in the country to tend mergers and acquisitions.
October 16, 2012
Japan to Overtake China as U.S. CreditorThe most recent figures indicate that Chinese holdings of Treasuries have fallen in 2012 through July by 0.2% to $1.15 trillion.
October 16, 2012
EU Sanctions Iranian Oil, GasEU governments hit Iran with new sanctions on its oil and gas and toughened some that were already in place on the countrys banks.
October 16, 2012
German Finance Minister Wants to Change EU TreatiesGerman Finance Minister Wolfgang Schaeuble is advocating changes that will allow the EUs monetary affairs commissioner to reject national budgets and prevent non-eurozone countries, like Britain, from nixing eurozone-only measures.
October 15, 2012
8 Stock Market Omens That Influence InvestorsInvestment decisions are driven by the cold, hard factsexcept when they arent.
October 15, 2012
Finance Sector’s Q3 Growth Seen Leaving Others in DustEarly reports for the finance sectors third-quarter 2012 performance indicate that it is on track to best all other sectors, at overall profits of 11.8%, in what looks to be an otherwise lackluster earnings season.
October 15, 2012
Wells Fargo’s Silvia Tells Tiger 21 Why He’s Bearish on the Long TermWhile big business appears to be returning to normal, small businesses are considerably less optimistic about a full recovery, John Silvia, Wells Fargos chief economist, told ultra HNW members of Tiger 21.
October 15, 2012
Homeowners Sue on LIBOR ManipulationThe class action alleges that traders at the 12 banks were incentivized to manipulate LIBOR to a higher rate on certain dates, resulting in homeowners having to pay more.