FT Alphaville
Gold to grey
Societe Generale’s big (bearish) scorecard on “the end of the gold era” – click to enlarge: Continue reading: Gold to grey...
Ambani peace accord − here’s the document
Mukesh and Anil, India's billionaire Ambani brothers, have been at each other's throats for years. They spilt the family business in 2005 and have feuded ever since. Now, quite suddenly, Mukesh has agreed to use his younger brother's fibre optic network for the launch of a new broadband telecoms venture. The...
Expectations management for the BoJ
We’ve used that kind of header before… but Abe is forcing us to crack it out again. From the FT on Tuesday: Japanese Prime Minister Shinzo Abe has said that the 2 per cent inflation target he imposed on the Bank of Japan may not be reached within two years… In an...
Markets Live: Tuesday, 2nd April, 2013
Live markets commentary from FT.com Continue reading: Markets Live: Tuesday, 2nd April, 2013...
The (early) Lunch Wrap
Vodafone-Verizon: a $245bn solution || North Korea to restart nuclear facilities || Abe warns over Japan inflation target || Slight easing of Cyprus bailout terms || PMI summary: bad || Central Bank of Cyprus governor Panicos Demetriades tried to calm fears of a deposit flight || Air pollution linked to...
Further reading
Elsewhere on Tuesday, - What is an economic equilibrium? - Bitcoin is unstoppable (not a guarantee). - Bowling for Libor.Continue reading: Further reading...
Vodafone-Verizon: a $245bn solution — UPDATE 2
Hello to the City’s new watchdog, the Financial Conduct Authority. It may seem rude to make requests on your first working day but there’s a market rumour on which we would like some clarity. It involves what would be the biggest M&A deal ever, and it’s on your patch. Continue reading:...
The 6am Cut London
Asian markets down after US manufacturing data || Cyprus rescue terms eased slightly || New UK finance regulators open doors today || US banks mull EU bonus cap avoidance || UK business surveys upbeat Continue reading: The 6am Cut London...
The Closer
FT markets round-up: “Global equity markets started the second quarter on a cautious note, as weak manufacturing data in the US and China offset demand for growth assets. Wall Street is heading lower, following earlier losses in Asia, after an unexpected slowing in US manufacturing growth. But the housing market...
Argentina’s gonna make him an offer he can refuse, part two
Continuing our look at Friday’s proposal from Argentina to the Second Circuit on paying holdouts affiliated with Elliott Associates. 3) GDP warrants — attack of the jealous exchange bondholders?Continue reading: Argentina’s gonna make him an offer he can refuse, part two...
Argentina’s gonna make him an offer he can refuse, part one
In theory, there was no offer. “This is a proposal to judges, not an offer to vultures,” Argentina’s finance minister tweeted at the weekend. For their part, the three judges of the US Second Circuit had ordered Argentina to tell them “how and when it proposes to make current those debt...
