The Argentine currency’s record losing streak is dragging peso-denominated warrants tracking economic growth to the lowest in five months relative to those priced in dollars.
The peso warrants rose 11 percent to 9.35 centavos in the past week, while the dollar warrants climbed 13 percent to 10.54 cents, according to data compiled by Bloomberg. The gap [...]
Money World
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Peso GDP Warrants Left Behind in Rally as Currency Sinks: Argentina Credit
September 3rd, 2010 by admin Tags: argentina credit, crisis, debt, dollar, economic, economy, HSBC global asset, inflation, investment, peso
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HP May Have Won 3Par at Lower Price by Waiting for Deadline
September 3rd, 2010 by admin Hewlett-Packard Co. may have paid more than it needed for 3Par Inc. because it outbid a Dell Inc. offer that 3Par already rejected, said two people close to the situation.
3Par had turned down Dell’s sweetened $32-a-share bid when HP increased its offer to $33 a share, said the people, who declined to be identified because [...]Tags: dell, financial, financial adviser, frank aguila, hewlett packard, legal advisers, nasdaq stock market, new york exchange, storage leader
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Fed minutes show debate on economic outlook
September 2nd, 2010 by admin The Federal Reserve is the last line of defense against a weakening economy, but there has been sharp disagreement among members over what action the central bank should take.
Minutes from its most recent meeting released Tuesday show that Fed policymakers openly worried about the impact of its latest move: reinvesting the proceeds of maturing mortgages [...]Tags: capital ecnomic, central bank, deflation, economic, fed, federal reserve, mortgage, potomac research group, wells fargo
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Ferrari recalls $230,000 458 Italia supercar
September 2nd, 2010 by admin Ferrari is recalling its new 458 Italia model after several vehicles were reported to have burst into flames.
A Ferrari spokesperson told CNNMoney.com the luxury supercar is being recalled in order to make modifications to the wheelhouse assembly.
“In rare instances the heat shield could become deformed, bringing it too close to the exhaust system and [...]Tags: ferrari recalls, italia supercar, money
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Citigroup to Increase China Workforce to 12,000 in Three Years
September 1st, 2010 by admin Citigroup Inc. plans to almost triple its workforce in China to as many as 12,000 people in the next three years, intensifying its rivalry with HSBC Holdings Plc in the world’s fastest-growing major economy.
The New York-based bank will hire more in China than in any other Asia-Pacific country, Stephen Bird, Citigroup’s co-chief executive officer for [...]Tags: bank, citigroup, commercial bank, economy, guangdong development bank, HSBC, james griffiths, lender, loan
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China manufacturing could help avoid ‘hard landing’
September 1st, 2010 by admin China’s manufacturing sector rebounded in August, calming some fears about the pace of that country’s growth.
“China’s latest [manufacturing numbers] provide tentative evidence that the economic slowdown is bottoming out,” said Mark Williams, senior China economist at Capital Economics, in a research note.
China’s manufacturing sector rebounded in August, calming some fears about the pace of that [...]Tags: capital economics, china's manufacturing, economic, mark wiliams
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Sanofi offers $18.5 billion for Genzyme
August 31st, 2010 by admin French pharmaceutical firm Sanofi-Aventis is stepping up the pressure on U.S. biotech firm Genzyme, going public with an $18.5 billion cash offer and hinting it may consider a hostile takeover if Genzyme refuses to talk.
Sanofi said it first made the offer July 29 but decided to go public after being rebuffed by Genzyme. Monday’s announcement [...]Tags: financial, genzyme, sanofi, shareholder
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RIM avoids BlackBerry ban in India
August 31st, 2010 by admin India will delay banning BlackBerry services pending a 60-day security test, the country’s home affairs department said Monday.
BlackBerry maker Research in Motion has been in talks with the Indian government for the past several weeks. They are locked in a battle over how much access the country’s government should have to RIM’s encrypted e-mail and [...]Tags: blackberry, government, home affairs
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Facebook, YouTube Used as Weapons in Kashmir Fight
August 27th, 2010 by admin Before hitting the streets, Ahmed reaches for his two essential protest tools: a scarf to mask his face and a cell phone camera to show the world what is happening.
The 23-year-old, who posts videos to YouTube under names such as ”oppressedkashimir1,” is part of a wave of Web-savvy protesters in Indian-controlled Kashmir who have begun [...]Tags: facebook, kashmir fight, money, revolution, social networking, youtube
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Historically bad week for oil
August 27th, 2010 by admin It’s been a dismal week for the economy all around, with an abundance of gloomy data pummeling recovery hopes. The oil market felt the brunt of the blows.
Crude prices struggled to hold above $75 a barrel this week, after reports showed jobless claims shot up to 500,000 last week. Additionally, a glut of oil [...]
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