Sideways: Dick Fuld – my part in his downfall
In the early summer of 2007 I was by the pool at the Hotel Arts in Barcelona, recovering from an all-night session at the casino after a securitization conference, when none other than JPMorgan investment bank head Bill Winters came...
New Mexico City airport seen as test for Amlo
A ‘devil’ with two aeroplanes is held aloft during a protest against the new Mexico City airport The fate of Mexico City’s New International Airport (NAIMC) is being seen by investors and bankers as a litmus test for the conciliatory...
Bitcoin prices fall below $9,000 — a 24% decline for the week
Bitcoin fell below $9,000 during Friday afternoon Asia trade, extending losses seen earlier in the week when it dropped below the key $10,000 level. The cryptocurrency fell as low as $8,370.80, down 24 percent for the week, according to CoinDesk’s...
ECB Surprisingly Removed Easing Bias, Draghi Downplayed The Implication On Future Policy
Surprising to most market participants, ECB dropped the easing bias in the forward guidance. While this had initially sent the euro slightly higher, it reversed as President Mario Draghi reinforced that the act was ‘backward looking’ and would not affect...
Mexican peso, Canadian dollar jump on report countries will be exempt from tariffs
The Mexican peso and the Canadian dollar rose against the U.S. dollar on Thursday on the back of a report that said Canada and Mexico will be exempt from proposed tariffs on steel and aluminum imports. The peso traded 0.4...
Research finds female analysts are more accurate, make bolder calls
Next time you follow an analyst recommendation, you may want to check if the analyst is male or female. A study published in the Journal of Accounting Research says that female analysts issue bolder and more accurate forecasts than their...
‘Don’t overestimate’ Italy risk, pleads Amundi’s Perrier
The chief executive of Europe’s largest asset manager has launched a stringent defence of investment in its Italian business, despite increased worry about populist economic policy in Rome. Amundi’s shares plummeted 14% in mid-to-late May as the Northern League and...
Bitcoin drops over increased scrutiny of exchanges, now down 16% from high this week
Bitcoin fell again Thursday, bringing its losses from a high reached earlier in the week to greater than 15 percent, after news of increased regulatory scrutiny on cryptocurrency exchanges. The cryptocurrency fell about 7 percent to $9,825 over the last...
Uruguay, Brazil, Argentina, Venezuela exemplify LatAm’s diverse risk metrics
Latin American economic extremes: Uruguay is flying high while Venezuela is facing a backlash Enjoying more favourable economic conditions on the back of recovering commodity prices, LatAm’s average risk score has improved on an annual basis, bolstered by upgrades to...
BOC Left Rates On Hold, More Concerned About US Trade Policy
As widely anticipated, BOC left the policy rate unchanged at 1.25% in March. The accompanying statement was more cautious than the previous one, over the trade outlook. Policymakers suggested that ‘trade policy developments are an important and growing source of...
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