Search Results for: ELA
Bond Traders React to Fed Minutes
August 21st, 2014
U.S. Treasury prices hit session lows on Wednesday after the minutes from the Federal Reserve’s latest policy meeting showed the central bank was surprised at the quick progress in the labor market. Benchmark 10-year Treasury notes lost 10/32 in ...
Lloyds panel review enters final stage with one week until deadline
August 21st, 2014
Firms vying for spots on Lloyds’ own-account panel have been given a week to file tender submissions to the bank in preparation for an October panel unveiling. Current panel firms Ashurst, Berwin Leighton Paisner (BLP), Clifford Chance, Eversheds and ...
China August HSBC Flash PMI Slips to Three-Month Low
August 21st, 2014
Growth in China’s vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, reinforcing concerns about increasing softness in the economy. The HSBC/Markit Flash China Manufacturing ...
Passport Shifts Bets Against Stocks as Trading Volumes Decline
August 20th, 2014
For John Burbank’s Passport Capital LLC, shorting individual stocks has just become too hard. The $3.9 billion hedge-fund firm, which rose 220% in 2007 by wagering on a bust in subprime mortgages, reached the conclusion after losing money in ...
Argentina says to bring defaulted debt under national law
August 20th, 2014
President Cristina Fernandez on Tuesday unveiled legislation that seeks to push bondholders to swap defaulted debt for new notes governed by Argentine law, a move aimed at skirting a U.S. ruling that prevented her government from paying its creditors. ...
Rich Russians in U.K. Think About Sanctions, but Keep Buying Mansions
August 20th, 2014
A lunchtime crowd of around 60 real-estate agents and property developers tucked into champagne, caviar and canapés last week at a new six-bedroom mansion in St. George’s Hill, a gated community in London’s leafy suburbs popular with ultrawealthy foreigners. ...
Stewarts to launch tax litigation team to capitalise on boom in tax disputes
August 20th, 2014
Stewarts Law will launch a tax litigation group in 10 weeks’ time to hone in on the swathe of tax-related cases hitting the courts. The new specialist group will join the litigation firm’s nine specialist areas, which include the ...
Germans selling 2-year govt. notes with 0% yield
August 20th, 2014
Germany is planning on issuing $6.7 billion in two-year government notes, known as Schatz, that will pay nothing in interest, according to the Wall Street Journal. While this is great news for German taxpayers — the government will pay ...
Goldman to face Libya’s sovereign wealth fund in court over trades
August 19th, 2014
Goldman Sachs (GS.N) and Libya’s sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades ...
Billionaire Named in Suit Against Anti-Iran Group
August 19th, 2014
A billionaire Wall Street commodities investor has been drawn into a court fight against one of the nation’s most influential anti-Iran advocacy groups. The fight stems from a defamation lawsuit by Victor Restis, a Greek businessman whom the group, ...
