Investigation Underway Regarding the Sale of Complex Bonds –Wall Street Journal Author: Michael Wynn 03/31/2011 31 March, 2011: An investigation has been initiated by the Securities and Exchange Commission to confirm if firms in Wall Street have sold bonds of a complex nature without explaining the risks factors attached to them, according to report by [...]
Upsized IPO of Apollo Raises to $565.4 Million Author: Michael Wynn 03/30/2011 March 30, 2011: Apollo Global Management LLC, a privatized equity firm, has priced its IPO at peak of planned range in order to raise monetary value of $565.4 million which is a consoling sign for all other asset managers who are planning to [...]
Asian Markets Continue to Rise with Indian Markets Level of 19,000 Being hit by Sensex! Author: Michael Wynn 03/29/2011 March 29, 2011: The markets of Indian finance sector seem to be not in a mood to buckle and relent under economic global pressure. The index of BSE benchmark hit the level of 19,000 in early [...]
Bet by Investors for Dropping Condition of Rio Tinto on bid of Riversdale Author: Michael Wynn 03/28/2011 March 28, 2011: Investors are continuing to bet on Rio Tinto, the universal miner which will now bring to settlement for marginal stake in Riversdale Mining, focused by Africa, after failure of its $3.9 million bid to safeguard [...]
Gold Prices Move Up With the Middle East Tension Author: Gloria Gant 03/11/2011 11 March, 2011: Fears have been ignited regarding the Middle East unrest with the police opening fire in Saudi Arabia on protestors. The incident pushed up the gold price on Friday, when the bullion was on way for its biggest decline of [...]
Chip Sector Loses Heavily Author: Gloria Gant 03/10/2011 10 March, 2011: Texas instruments looked very week on Wednesday and brought down the index of chipmakers to a very low mark which is causing great worry for the upward trend of the market which it had made in the last six months and weighed very heavy [...]
Rising Oil Prices may Effect a Split in the Federal Reserve Author: Gloria Gant 03/09/2011 9 March, 2011: Surging prices of oil may deepen the federal reserve spilt which would smudge the directionality of the monetary policy. The meeting scheduled for next week may turn litigious. The pro-democracy upraise across the Arab world and the [...]
Expiry of Tax Credit for Ethanol May Result In Corn Stock Piles Author: Gloria Gant 03/08/2011 8 March, 2011: A group of economists from University of Missouri said that US corn stock piles would begin to build in case the tax credit for ethanol is allowed to expire by the end of the year by [...]
The Oil Prices Have Provided Some Respite in Nine Days Author: John Early 02/25/2011 25 February, 2011: For first time in 9 days oil prices slipped down on Thursday after the announcement of IEA. It said that the disturbances in Libya shall not result in as much reduction of oil production as feared. The unrest [...]
Fifth Highest Recorded Amount Paid as Cash Bonuses Though Fell by 9 Percent Author: John Early 02/24/2011 24 February, 2011: Although the average payout fell by 9 percent in comparison to the previous year it has still been recorded as the fifth highest amount. Wall Street paid as cash bonus amounting to $20.8 billion in [...]
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