Back

S’poreans should not distance themselves from govt: President Nathan

It's S’poreans govt that distance themselves from S'poreans for too long: Supreme teeth53

Good Post Bad Post

25-Jun-2011 01:14

Straits Times Index / STI to cross 3000 boosted by long-term investors

Go to Message

x 0

Dow still got weak leg...floating at slightly more then -100 points. Best part is those who took profit today.

Dow	11,941.85	-108.15	-0.90%
Nasdaq	2,655.51	-31.24	-1.16%
S& P 500	1,269.58	-13.92	-1.08%

teeth53 ( Date: 24-Jun-2011 23:17) Posted:

Just sharing info...best time to take profit is today. DOW fallen back to 12k, by as much as -115 points.

11,941

-108.76

-0.90%

11,941

-108.76

-0.90%

11,941

-108.76

-0.90%

Dow

11,941.85

-108.15

-0.90%

http://money.cnn.com/data/markets/dow/?iid=C_MT_Index

Dow

11,941.85

-108.15

-0.90%

Dow

11,941.85

-108.15

-0.90%

Americans say that the $14.3 trillion U.S. debt threatens the economy and that entitlement programs may go broke even as they dismiss as “scare tactics” the arguments offered by Republicans and Democrats who are debating a solution.

More than 60 percent of those surveyed say that interest on the debt may lead to a recession and that the rising costs of Medicare and Social Security represent real dangers, according to the poll conducted June 17-20.

timqoo ( Date: 24-Jun-2011 08:04) Posted:

DOW recovered. only -59.67. Smiley

" At the closing bell, the Dow Jones industrial average was down only 59 points, or 0.5%, compared to much steeper losses of as much as 234 points earlier in the session."

Good Post Bad Post

24-Jun-2011 23:17

Straits Times Index / STI to cross 3000 boosted by long-term investors

Go to Message

x 0

Just sharing info...best time to take profit is today. DOW fallen back to 12k, by as much as -115 points.

11,941

-108.76

-0.90%

11,941

-108.76

-0.90%

11,941

-108.76

-0.90%

Dow

11,941.85

-108.15

-0.90%

http://money.cnn.com/data/markets/dow/?iid=C_MT_Index

Dow

11,941.85

-108.15

-0.90%

Dow

11,941.85

-108.15

-0.90%

timqoo ( Date: 24-Jun-2011 08:04) Posted:

DOW recovered. only -59.67. Smiley

" At the closing bell, the Dow Jones industrial average was down only 59 points, or 0.5%, compared to much steeper losses of as much as 234 points earlier in the session."

Good Post Bad Post

24-Jun-2011 23:08

Others / Aug 2, US-living on borrow time from debt disaster

Go to Message

x 0

http://www.bloomberg.com/news/2011-06-24/americans-see-debt-threat-reject-tax-scare-.html

Americans say that the $14.3 trillion U.S. debt threatens the economy and that entitlement programs may go broke even as they dismiss as “scare tactics” the arguments offered by Republicans and Democrats who are debating a solution.

More than 60 percent of those surveyed say that interest on the debt may lead to a recession and that the rising costs of Medicare and Social Security represent real dangers, according to the poll conducted June 17-20.

Public skepticism extends to the negotiations in Washington between the White House and congressional Republicans to reach a deal on reducing spending and raising the nation’s debt limit. In the past, Congress has lifted the debt ceiling to allow the government to borrow more money without debate.

This year, Republicans are using the once pro-forma vote as an opportunity to press for spending reductions, an issue that normally is negotiated separately. Treasury Secretary Timothy Geithner has said he will run out of options for staving off a default by Aug. 2, 2011.

“Every year you’ve got more and more people getting on the govt bill and more borrowing, now less and less people is paying,” said Jason Gibson, 28, a truck driver from Romulus, Michigan. “You get too many people on one side of the ship, it’s going to tip.”

Good Post Bad Post

24-Jun-2011 13:21

Others / Aug 2, US-living on borrow time from debt disaster

Go to Message

x 0

The Bloomberg National Poll, conducted June 17-20, shows reputation of Bernanke, who led the central bank through the longest U.S. recession since the Great Depression, has slid lower as the unemployment rate has remained stuck near 9% or higher for 26 consecutive months.

“It’s a reflection of the fact that most Americans still don’t feel the economy is in recovery,” said Greg Valliere, chief political strategist at Potomac Research Group in Washington.

The survey also shows a politically polarized view of the central bank chairman. Bernanke is viewed favorably by 24% of Republicans and unfavorably by 32%. Those numbers are flipped with Democrats, 36% of whom view him positively and 16%negatively.

Appointed by Bush

Bernanke, 57, himself a registered Republican, became chairman of the Fed in February 2006, after being appointed to head the central bank by President George W. Bush. He was renominated by President Barack Obama and confirmed for a second term in January 2010.

The poll was conducted before the central bank’s meeting June 21-22 in which policy makers confirmed the end of their $600 billion bond-purchase program and renewed a pledge to hold interest rates near zero for an “extended period.”

Central bankers also cut their forecasts for growth this year and next and raised their estimates for unemployment. At press time, the Fed’s chairman, Bernanke said that “we don’t have a precise read on why this slower pace of growth is persisting.”

“Some of these headwinds may be stronger and more persistent than we thought,” who also served as chairman of Bush’s Council of Economic Advisers.

‘Walked on Water’

“Two years ago he walked on water -- he extricated us from financial crisis and prevented a return to the Great Depression,” said Alan Levenson, chief economist of T. Rowe Price Group Inc. in Baltimore, which has almost $510 billion in assets under management, including those of more than 1 million retail investors.

“Now he’s saying unemployment is unacceptably high, but he’s not having as much success with that,” Levenson said. “To the man on the street, he had it going in 2009 but lost his touch.”

In November of 2010, the Fed began the second round of its quantitative easing program in an attempt to boost growth, avert deflation and bring down the unemployment rate.

Confronting Crisis

During Bernanke’s tenure, the central bank confronted a financial crisis that led to the collapse of Wall Street firms such as Bear Stearns Cos, Lehman Brothers Holdings Inc. and American International Group Inc. In the course of the 18-month recession that followed, the Standard & Poor's 500 Index dropped 57 percent from its record in October 2007.

The Federal Reserve undertook $3.3 trillion in emergency lending during the crisis and cut interest rates to a range of zero to 0.25 percent. To support the housing market, it launched a plan to purchase $1.43 trillion in housing debt.

teeth53 ( Date: 22-Jun-2011 19:11) Posted:

http://www.benzinga.com/topic/qe3

Operation Twist 2: How to Trade Tomorrow's FOMC Meeting

Post on: Tuesday June, 21st

All eyes and ears will be on Ben Bernanke tomorrow, and everyone will be listening and analyzing every single words, dissecting it a million different ways.

The Federal Open Market Committee (FOMC) is holding its two-day meeting which starts today, and the decision will be released tomorrow at 12:30 p.m.

U.S. National - AFP - Yahoo! News

WASHINGTON: Crucial high-level talks on raising the US borrowing limit collapsed after Republicans walked out, accusing the White House of provoking an impasse with demands to raise spending and taxes.

The move sparked fears that Congress will fail to raise the 14.29 trillion dollar debt ceiling by an August 2 deadline and cause the United States to default on its obligations, sending shockwaves through the global economy.

Good Post Bad Post

22-Jun-2011 19:11

Others / Aug 2, US-living on borrow time from debt disaster

Go to Message

x 0

http://www.benzinga.com/topic/qe3

Operation Twist 2: How to Trade Tomorrow's FOMC Meeting

Post on: Tuesday June, 21st

Will money funds spread Greek tragedy? The odds say no....!!!

http://finance.fortune.cnn.com/2011/06/16/will-money-funds-spread-greek-tragedy/

Greece is in the soup. Are we about to get scalded with the spillover?

The odds say no, thanks to official support for Greece and the European banks that look most apt to suffer in a default. Yet it's clear that the U.S. financial system remains vulnerable to trans-Atlantic aftershocks. Moody's having downgraded three French banks Wednesday for their exposure to Greek debt, and the 2008 crisis having been amplified by problems at a money fund that took big losses on Lehman Brothers notes.

Viral Acharya, a finance prof at New York University's Stern School of Business. " The risk is, if any upset in the money funds again, the people who have put their money there could flee." Which saw after Lehman's failure, funds facing losses could be forced to sell assets to meet redemption requests, starting a disruptive cycle of fire sales.

Euro bank's exposure " is potentially important," that could mean another brush with economic catastrophe, rather than a stock mkt pullback. Banks in France and Germany are certain to take hits if Greek debt goes bad.

Of course, it's impossible to say for sure how vulnerable funds are without looking at what each one holds.

Europe's wholesale bank funding market, which relies in large part on U.S. money market funds could wash Greek problems onto it shores. A Fitch Ratings survey this spring estimated that the top 10 U.S. prime money mkt funds had 44% of their assets in Euro bank debt, ranging from certificates of deposits to short-term loans known as commercial paper and repurchase agreements.

Good Post Bad Post

20-Jun-2011 20:08

Others / Aug 2, US-living on borrow time from debt disaster

Go to Message

x 0

http://finance.fortune.cnn.com/2011/06/20/europes-sickly-banks/?iid=HP_LN

Europe's sickly banks By Colin Barr June 20, 2011: 6:30 AM ET Trichet's nightmare?

Knocking Europe's banks over with a feather.

That's not exactly a handy characteristic when Greek default seems almost inevitable. Euro policymakers this weekend failed to agree to terms on a 12 billion-euro ($17b) bailout loan due next mth to Greece, warning the Greek govt must 1st show it is taking austerity seriously. Apparently mere riots aren't enough for these guys.

Financial institutions across the Continent share a terrifying trait with Lehman Bro B4 its 2008 collapse: they rely too much on borrowed money, esp the cheap, short-term loans that are vulnerable to a mkt shock. If the EU leverage numbers sound familiar, it's be'cos they are in line with the leverage ratios seen at the big U.S. investment banks b4 the financial mkts started their nervous breakdown in 2007.

Lehman and Bear Stearns, both smallish investment banks that gorged on real estate during the bubble, leveraged at more than 30-1 while Goldman Sachs (GS), Morgan Stanley (MS) and Merrill Lynch were well into the 20s.

What's notable is that, most reckless banks, by measures at least, reside not in gonzo Greece or profligate Portugal, but in the allegedly responsible states at the so-called core of Europe, Germany and France – the very banks that are most exposed to a Greek default, with some 90 billion euros ($129 billion) at stake.

Though it's hard to open the business section lately without finding a story about Germany's economic renaissance, thrift and prudence don't seem to characterize German banks. They hold 32 euros in loans for every euro of capital they have on hand, according to International Monetary Fund data. Lehman's leverage at the time of its collapse was 31-1, if you're keeping score at home. Either way it means a 3% loss leaves the taxpayers picking up the tab. Yes, that again.

The Germans aren't alone in Lehmanville: Belgian banks are using 30-1 leverage and French ones 26-1, the IMF numbers (see chart, right). All told, banks across the 17-country euro area average 26-1 leverage – double the ratio in the US. Against all odds, Euro institutions have managed the nifty trick of making U.S. banks look good.

And in another similarity, the European banks are heavily reliant on short-term market funding, from sources such as the U.S. money funds that are among the biggest wholesale lenders on the planet. History shows that a market panic can make those funds suddenly unavailable, potentially putting an already stretched European Central Bank even more on the spot.

Yet it's not clear the Europeans have picked up just yet on how this year might come to rhyme with 2008. While Germany has backed away from its demand that private sector lenders be forced to accept reduced repayment terms, there is still no sign that Europe's leaders will soon come to their senses and hammer out a package that ends the siege once and for all.

All this tightrope walking is unnerving the staff at the IMF, which warned last week that " though there has been progress on banking system repair, the pace is too slow."

For now, there's no reason to believe a default is imminent or that banks would be unable to handle the Greek storm. Liquidity is still ample and the financial system isn't as hyped up as it was three - four years ago. But the sight of overextended banks in the middle of a crisis is never reassuring, no matter how familiar it may be.

Good Post Bad Post

20-Jun-2011 12:44

Others / Aug 2, US-living on borrow time from debt disaster

Go to Message

x 0

http://forum.channelnewsasia.com/viewtopic.php?p=4427184#4427184 (PIIGS)

Ireland and Portugal followed Greece in obtaining emergency loans in the past year. Spain’s finances came under the microscope last week, with investors pushing the extra yield on 10-year Spanish bonds to 261 basis points, the highest weekly close since January.

Moody’s Investors Service said June 17 it may cut its Aa2 rating on Italy, with 2010 debt of 119 percent of gross domestic product, Europe’s second highest after Greece.

Greece needs to cover about 4 billion euros of bills maturing between July 15 and July 22, and faces about 3 billion euros of coupon payments in the month, according to Bloomberg calculations. A bigger test comes Aug. 20 when Greece must redeem 6.6 billion euros of maturing bonds.

Good Post Bad Post

20-Jun-2011 12:28

Otto Marine / OtTo MaRiNe

Go to Message

x 0

thk Qs. I m Q-ing, trying my luck at 0.185c

Snappers ( Date: 20-Jun-2011 10:44) Posted:

tink they need floating cash.. i am still holding mine bought at 0.410.... Smiley

Good Post Bad Post

20-Jun-2011 10:05

Otto Marine / OtTo MaRiNe

Go to Message

x 0

why still nobody is buy..?. When it oredi reach 0.19 cents, hope to get some enlightening moment.

[PDF] Otto Marine Ltd

253k - Adobe PDF

Our target price drops to S$0.19, now based on 0.8x ... Our target price. drops to S$0.19, now based on 0.8x CY11 P/BV, applying a 20% haircut to Otto's ...
www.remisiers.org/cms_images/OttoMarine-0504111.pdf

bsiong ( Date: 18-Feb-2011 16:53) Posted:

Otto Marine (OTML SP S$0.305)

4Q10 loss of S$9.3m (-195% yoy) was unexpected we expected a profit. Variance was mainly due to weaker-than-expected shipbuilding contributions as well as lower-than-expected subsea utilisation. 0.5Scts DPS was declared 1.6% yield.
4Q10 revenue of S$93.3m fell 13% yoy on lower-than-expected work done for shipbuilding. Gross loss of S$6m was mainly due to reversal of profits recognized for the terminated sales contracts for vessels sold to GC Rieber JV as well as start-up costs and fixed costs for subsea contributions. Other income of $11.7m was mainly made up of an increase in write back of reversal of unrealised profit for sale of vessels to associates (S$6.4m).
Net gearing rose to 1.04x from 0.62 (at end-2009), as the group raised S$251.9m from bank borrowings, MTN and shares issue. Pending review, maintain Neutral, TP of S$0.39.

/cimb/

Good Post Bad Post

20-Jun-2011 09:40

Others / Aug 2, US-living on borrow time from debt disaster

Go to Message

x 0

LatestNews： http://www.reuters.com/places/greece

Euro zone finance ministers postponed a final decision on extending a further 12 billion euros ($17B) in emergency loans to Greece, saying Athens will 1st have to introduce harsh austerity measures.

NEW YORK (Reuters) - The S& P 500's 200-day moving average marks the line in the sand as the bulls and the bears fight over the U.S. stock market's direction. It will face one of its stiffest tests this week with Greece's debt crisis appearing to reach a climax.

Greek debt restructuring not on agenda-EU's Barnier

* Forcing private creditor aid to Greece would imply default

Bonds News, Bonds, Markets, Financials,

Good Post Bad Post

18-Jun-2011 22:01

Others / Aug 2, US-living on borrow time from debt disaster

Go to Message

x 0

http://economictimes.indiatimes.com/news/international-business/imf-may-give-next-tranche-of-euro-12-bn-to-bail-out-greece/articleshow/8882342.cms

LONDON: Europe is once again in turmoil, and once again it seems as if a last-minute compromise is likely to stave off what many are calling Europe's Lehman moment.

The latest news seems to suggest that the IMF will agree to release its next tranche of e12 billion by Sunday, at the earliest, even as Greece's prime minister struggles to get parliamentary vote to pass a draconian e78-billion (S$110 billion) five-year package of budget cuts and asset sales.

Will their debt can still keep increasing beyond......political wrangling and opposition to austerity measures could push the country into a messy default on its sovereign debt, which totals 340 billion euros (S$480.8 billion).

Good Post Bad Post

First < Newer 6241-6260 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.