Back

G-20 Leaders Focus on Banks as IMF Boosts Backstop

Good Post Bad Post

19-Jun-2012 22:20 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

http://money.cnn.com/2012/06/19/investing/stocks-markets/index.htm?source=yahoo_quote

Tuesday - U.S. stocks opened modestly higher as investors continue to keep eyes on Europe, along with earnings and economic readings on the domestic front.

STI ended - +18.19 pt or +0.64% to 2,842.41 points.

European Markets Rocket Higher, Italy Up More Than 2% Business Insider

http://money.cnn.com/data/world_markets/europe/?iid=HP_LN

World Markets

European markets are broadly higher today with shares in London leading the region. The FTSE 100 is up 1.40% while Germany's DAX is up 1.11% and France's CAC 40 is up 0.39%

Good Post Bad Post

19-Jun-2012 21:54 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

http://sg.news.yahoo.com/imf-gets-456-billion-crisis-firewall-040738586--finance.html

IMF global firewall, helping it raise $456 billion in resources as the eurozone crisis rages.

In a clear statement of their new force in the world economy, rising economic powers brought some $95.5bn in new money to the table for the IMF during the G20 summit in Mexico, pushing it beyond its $430 billion target.

Late Monday, China $43bn, Brazil, Russia, India and Mexico $10bn each, $5 billion from Turkey, IMF managing director Christine Lagarde said that 12 more countries offered money to the fund during the Group of 20 meeting in the Mexican resort of Los Cabos, bringing the total number of donors to 37.

Japan's $60bn and German's $54.7bn, and was ahead of France and all other donors.

" Countries large and small have rallied to our call for action, and more may join. she added. Two mths ago, IMF solicited at its spring meetings in Washington gathered a $340 billion, below the $500bn.

China's contribution was most keenly awaited, (world's 2nd largest economy) has the largest foreign reserves, $3.2 trillion. While U.S., on the other hand is not contributing, despite its huge voting power on the IMF board.

The money also came with a warning that things had to change at the Fund, long dominated by the now troubled economic powers of Europe and the United States, which itself has not contributed to the firewall.

Meeting earlier Monday in Los Cabos, The announcement brought an end to the mystery of how much the powerful BRICS countries -- Brazil, Russia, India, China and South Africa -- would provide. The five BRICS leaders renewed their call for a greater say at the IMF and World Bank, both historically dominated by the United States and Europe.

" The broad commitment of the membership ensure the IMF has access to adequate resources to carry out its mandate in the interests of global financial stability."

Good Post Bad Post

18-Jun-2012 08:38 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0
x 0 Japan - Nikkei posted a +180 points gain....STI Chiong...arhh. STI going green, some stablilty is back in Euro Union.

New Democracy would hold 130 (108) seats in Greece's 300-seat parliament. Pasok-33 (41) and Syriza - 71 (52)

Good Post Bad Post

17-Jun-2012 15:30 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0
x 0 Right win get to eat plain roti, left win don know can get to eat plain roti or not?.

think - that will not be any one party to form a majority to govt, only the biggest minority party will hav first bite, then follow by next. This will put ECB, Euro / IMF into a want or don want to dole out further bailout funds.

After June 17 election, 10 days later - BBs Euro will meet to trust out their Euro problem on how to resolve PIIGs.

Good Post Bad Post

17-Jun-2012 11:35 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0
x 0 http://www.forbes.com/sites/afontevecchia/2012/06/14/central-banks-ready-to-offer-liquidity-bailout-for-euro-banks-reports-say/

Thursday, fueling an impressive stock rally during the last hour of trade. Reports surfaced that major central banks stand ready to provide emergency liquidity to stabilize financial markets if the outcome of Sunday’s Greek national election causes “tumultuous trading.”

News from G-20 officials, gathered in Los Cabos, Mexico for their latest summit. Country leaders and their finance ministers will be closely watching the outcome of the Greek elections, which could possibly thrown global markets into disarray if Alexis Tsipras of the far-left Syriza Party pulls off a victory.

To avert a possible liquidity crunch, central banks stand ready to inject emergency liquidity, several G-20 officials confirmed to Reuters.

Federal Reserve already has swap lines in place with major central banks in order to provide emergency U.S. dollar liquidity at cheaper rates. Last Sept, Fed, ECB, and the central banks of England, Japan, and Switzerland, agreed to offer unlimited dollar liquidity to banks by broadening the scope of funding opportunities.

Good Post Bad Post

17-Jun-2012 11:24 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0
x 0 http://www.forbes.com/sites/steveschaefer/2012/06/15/stocks-shine-through-cloud-of-greek-election/

hand-wringing over what may come out of Greece’s Sunday election, the market appears to be convinced that the result will either keep Europe’s status quo intact or prove so threatening that another flood of central bank liquidity will buoy stocks. Equities turned sharply higher Thursday afternoon on a reports that central bankers including the Federal Reserve and ECB stand ready to provide another liquidity cushion for the market if the Greek result produces market turmoil and the rally continued Friday.

(Assuming) apparent optimism that Greece’s anti-austerity candidate will not prevail, and the confidence that central banks will step in if he does, gave the rally legs and fed squarely into the financial sector.

Good Post Bad Post

17-Jun-2012 11:14 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0
x 0 Hi Gav and all - just sharing my own opinion.

Greek Jun-17 election, just come after last May, will not hav any one parties having a majority to form a govt.

That left only two option. New Democracy party may collect 27%, while leftist party may get 25%, there is a rule in Greece electoral law awarding to the leading party, an automatic bonus of 50 parliamentary seats.

The margin is within the error, so the outcome remains unpredictable.

teeth53 thot: In a worst case scenario. Leftist party win more seats then New Democrary. Leftist - Syriza party chief hav giving himself 10days to negotiate with Euro Union from scratch. He, Mr Alexis Tsipras 37, promises he will tear off the old debt austerity and renegotiate again. Greece had spend inself into fifth year of recession.

Alexis Tsipras has took on the gamble, that Euro Union will not want to hav Greek exit from Euro. The Greek voters is very frustrated, it also took on more with it decades of cronyism and at every level of corruption, plus endless bickering for vote by politicians.

While Germany and French had oredit given advance warning that Greece must respect its international commitments or risk leaving the Euro club.

Greece in / out??. Either way, world leaders is selling the idea, this is Euro problem - no doubt it won't go away overnite. The others trading partners will hav to move on. An indication in G20 it willingness to commit to beef up it banking system, in case Greece fall out. A result that stocks world wide had on Last Friday goes +ve green.

FYI: I don do shorting.

http://www.forbes.com/sites/afontevecchia/2012/06/15/whats-at-stake-in-sundays-greek-election/

Sunday, Greece will hold general elections, a choice for the Greek people between embracing structural reforms to remain within the European Union, or to reject “barbarous” austerity and reinstate the drachma. The risks of the latter are “incalculable” and “potentially enormous,” according to Barclays, which suggests contagion could wreck true havoc throughout the EU and beyond.

Good Post Bad Post

16-Jun-2012 20:49 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

http://topics.nytimes.com/top/news/international/countriesandterritories/greece/index.html

A lot of private money has already fled Greece. Since 2009, Greece's sovereign debt crisis has been slowly draining out of it banks. About 35b euros ($44b or £28.3bn) were withdrawn from Greek banks over the course of 2011, according to Greece's central bank, with total deposits standing at 165.9bn ($207.9bn £134bn) as of this April. In one week after the May elections, Greeks withdrew 700m euros ($894m £560m) from the country's banks, according to Greek President Karolos Papoulias.

teeth53 thot: (Greek themself shown no confident in their current leadership to shape their future - old life style may hav come and gone, spend their way like no tomorro, Greek new life style may not like to see a total collapse of their currency are opposed to a return to the drachma)

Can politicians be trusted?. Politic is a way where it mean for politicians to hav maximum mileage for themself or for the people's?. Depending on whom?.

Greece coming Sunday election will tell us, why politicans want to gain maximum power for their parties. Isit to further cement their power base to further their cause or for their own parties?, or their own unselfishness to bring Greece from the brink of State bankruptcy?.

Good Post Bad Post

16-Jun-2012 19:40 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

On Greece undeciding effort to stay or to get out???.

" Syriza, the radical left-wing party, came in 2nd in last election as voters skewed toward politicians who oppose more austerity." " Syriza's leader, Alexis Tsipras, has threatened to renege on the terms of Greece's bailout, but he has also expressed a desire to remain in the euro currency union."

teeth53 thot: Think?, it will drag Euro into week, after week of uncertainty...G20 world leaders is selling the idea to detach from Euro/Greece and PIIGS problem.

See - World stocks rise on plans for central bank support

ozone2002 ( Date: 15-Jun-2012 17:10) Posted:

probably only temporary relief.. when push comes to shove..the herd will get trampled..

u still can hide the underlying problems..

teeth53 ( Date: 15-Jun-2012 16:29) Posted:

World stocks rise on plans for central bank support

Central bank preparations for coordinated liquidity operations in event of a credit shock after Sunday's Greek election. Expectations of more monetary stimulus were also boosted by a British plan to flood its recession-hit economy with cash, and after economic data in the United States rekindled talk of more Fed easing.

Good Post Bad Post

16-Jun-2012 19:22 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

In a worst case scenario analysis, MAS has S$150 billion on standby. While G20 got more then this amount.

http://app.mof.gov.sg/reserves.aspx

The guarantee will be backed by S$150 billion of the reserves of the Singapore Govt.

May 24, 2012 ... Our reserves are a critical resource for Singapore's future....

teeth53 ( Date: 15-Jun-2012 21:32) Posted:

" in event of a credit shock after Sunday's Greek election" ECB is preparing for a no govt to run greek, oni technically a temporary caretaker govt is looking after Greece.

teeth53 after thot: Think, Greece election result is, there will be no one party be able to form a govt and will continue to apply it dragging into mth of July.??.

It back to negotiating table, the biggest - minority parties will hav the first chances to go for it.

ozone2002 ( Date: 15-Jun-2012 17:10) Posted:

probably only temporary relief.. when push comes to shove..the herd will get trampled..

u still can hide the underlying problems.

Good Post Bad Post

16-Jun-2012 19:04 Yoma R / Yoma R Go to Message

x 0

There is a good chance, players and or Yoma may itself hav a good profit, after X right.

teeth53 ( Date: 08-Jun-2012 16:05) Posted:

IMPORTANT DATES AND TIMES:
Last date and time for splitting : 12 June 2012 at 5.00 pm
Last date for trading of “nil-paid” rights : 15 June 2012
Last date and time for acceptance and payment : 22 June 2012 at 5.00 pm (9.30pm for Electronic

Last date and time for excess application and payment : 22 June 2012 at 5.00 pm (9.30 pm for ElectronicApplications

teeth53 ( Date: 08-Jun-2012 15:49) Posted:

Think Yoma right maybe subscribe more by BBs, in case weak holder don want it

Good Post Bad Post

16-Jun-2012 19:00 Yoma R / Yoma R Go to Message

x 0

Yoma(R) Last Done - 0.077cts

+0.007cts

+10.0%

Volume - 26,346,000

Yoma Last Done - 0.355 cts

+0.025cts

+7.6%

Volume - 18,326,000

teeth53 ( Date: 13-Jun-2012 10:26) Posted:

Good Post Bad Post

15-Jun-2012 22:00 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

LONDON (Reuters) - Traders and investors are taking all bets off the table b4 this weekend's Greek elections, which may decide. Athens to stays in or out of euro zone... More »Investors seek shelter before Greek vote

The repeat of last month's inconclusive Parliamentary election comes as European Union policymakers are struggling to prevent the crisis from spreading to Spain and Italy.

" We are dealing with the serious risk that the eurozone will fall apart," said Nicholas Spiro, managing director of London-based consultancy Spiro Sovereign Strategy. " And Greece is the trigger."

The concern is that Sunday's election will play out like the last one, leaving Greece with a weak caretaker govt at a time when the nation needs clear leadership.

Note: A fruitless vote in Greece on May 6, and a fail coalition talks infuriated Greeks and baffled outsiders.

This Sunday, they will do it all over again?.

Good Post Bad Post

15-Jun-2012 21:45 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

http://money.cnn.com/2012/06/14/investing/greece/index.htm?iid=Lead

Related: Why I'm betting big on Europe

Syriza, the radical left-wing party, came in 2nd in last election as voters skewed toward politicians who oppose more austerity. Syriza's leader, Alexis Tsipras, has threatened to renege on the terms of Greece's bailout, but he has also expressed a desire to remain in the euro currency union.

The moderate New Democracy party and the Socialist Pasok party were punished by voters for supporting the bailout program, and agreeing to the austerity measures that came with it.

There is a ban on polls this wk, but surveys taken last mth showed a tight race btw Syriza and New Democracy.

The election is being framed as a potential catalyst for Greece to exit the euro zone. But none of the main political parties is eager to see that happen, since returning to the drachma would have severe and unknowable consequences for Greece.

" No political party from the left or the right will risk taking the country out of the eurozone," said Dimitri Papadimitriou, a professor of economics at Bard College. Greece is facing a €3.9 billion bond redemption in August, which it could struggle to pay if there is still no govt in place by then.

The Greek economy is in deep decline and analysts say Athens is in danger of running out of the money it needs to pay for basic necessities, such as fuel and medical supplies.

" They clearly don't have the cash to cover basic services," said Spiro. " The country is bankrupt."

teeth53 thot: When state and or it people's survival is at stake, bread n butter issues is most concern to voters.

Good Post Bad Post

15-Jun-2012 21:32 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

ozone2002 ( Date: 15-Jun-2012 17:10) Posted:

probably only temporary relief.. when push comes to shove..the herd will get trampled..

u still can hide the underlying problems..

teeth53 ( Date: 15-Jun-2012 16:29) Posted:

Good Post Bad Post

15-Jun-2012 16:29 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0
x 0 World stocks rise on plans for central bank support

Central bank preparations for coordinated liquidity operations in event of a credit shock after Sunday's Greek election. Expectations of more monetary stimulus were also boosted by a British plan to flood its recession-hit economy with cash, and after economic data in the United States rekindled talk of more Fed easing.

Good Post Bad Post

14-Jun-2012 20:42 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

http://finance.fortune.cnn.com/2012/06/14/retirement-guide-herro-europe/?iid=HP_LN

International stock picker David Herro is betting big on banks in France, Spain, and Italy. But he doesn't call himself a risk-taker.

Moody's downgrade comes as Spain works to recapitalized its ailing banking sector. More

teeth53 ( Date: 11-Jun-2012 17:00) Posted:

Today in Business Times: Time to s/w to equities??.

Bond yields have fallen well below the inflation rate and are negative in real terms whereas global equities offerthe best value since the 2000/9 bear market, say analysts.

(A bet on Jun 17 - Greece election result, into Euro or out of Euro or bargain to stay in Euro??)

teeth53 thot: It comes with volatilities. Happi trading.

Good Post Bad Post

14-Jun-2012 20:37 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

http://business.blogs.cnn.com/2012/06/08/spains-vicious-cycle/?iid=intnl360

The Spanish bull has stood proud on Iberian hilltops for years, a symbol of force and a fitting tribute to a country which up until recently was the euro zone's fourth richest.

But step out of the Castilian plain and onto the bustling streets of Madrid – or any other Spanish city for that matter - and the skyline tells a different story.

The horizon is dotted with relics from the country's now burst property bubble.

Lastest news: Spanish borrowing costs soar: 10-year hits 7%

Empty apartment blocks stand idle in the suburbs, while downtown Spain's financial district cast shadows and a shadow over their children's future.

Trapped between its cash-strapped banks and weakening public finances Spain is the biggest economy to run the gauntlet of skeptical credit markets that in three years have claimed the scalps of as many eurozone members like Greece, Portugal and Ireland.

The single currency can ill afford a bailout for Spain but neither can its leaders ignore crisis of confidence the country's banks are causing. As such speculation is rife the country may require a bailout.

teeth53 ( Date: 11-Jun-2012 17:28) Posted:

http://sg.finance.yahoo.com/news/spain-sticks-funding-plans-bank-085918346.html

Spain said it would stick to this year's programme of fundraising in financial mkts after the rescue of its banks over the wkend relieved pressure on debt and equities.

Spanish and Italian bond yields fell on Monday, allaying immediate fears of a fiscal crisis in the country, while Spanish bank shares leapt 6% and European equities soared.

The Spanish Treasury said it would continue to tap debt markets with regular auctions after the 17-nation currency area agreed to lend Spain up to 100 billion euros to prop up its ailing banks.

The govt remains committed to its fiscal consolidation programme and structural reforms it said in a statement published on the economy ministry website late on Sunday.

Spain has avoid being put under the kind of scrutiny which Greece, Ireland and Portugal were forced to accept for their bailouts but the implementation of its fiscal plans and the restructuring of the banks will be closely monitored.

As in other aid packages, a troika will oversee Spain's financial assistance, EU Competition Commissioner Joaquin Almunia said in a radio interview on Monday.

Good Post Bad Post

14-Jun-2012 20:23 Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message

x 0

" by Thurs / Friday" is trading in red. Straits Times -0.47%t or 13.0 pt to 2,773.81 points.

Tomorro is Friday...trading in red? (very likely)...Happi Trading.

teeth53 ( Date: 11-Jun-2012 13:06) Posted:

For a start. This week, STI climing...green??, by Thurs / Friday STI turn volatlie red?.

teeth53 ( Date: 10-Jun-2012 13:18) Posted:

http://www.cnbc.com/id/47747356

China's inflation fell further in May, giving Beijing more room to fight a deepening economic slump following this week's interest rate cut. Is Door Open for More Stimulus?

http://www.cnbc.com/id/47751228

U.S. stks will get a lift on Monday as Euro finance ministers agreed to lend Spain up to 100 billion euros ($125 billion) to help its battered banks. The surprisingly large amount of aid removes a huge cloud that has been hanging over financial markets, " Deal Calms US Market Europe Fears" .

Last Friday. DOW closed:

12,554.20 up +93.24 points or +0.75%

Good Post Bad Post

First < Newer 4061-4080 of 15801 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.