Deutsche Bank AG (DBK) is seen as probably the “most impacted” with a fine of as much as 5.1 billion euros ($6.5 billion), Citigroup analysts led by Kinner Lakhani calculated, estimating the Frankfurt-based bank’s settlements could reach 10 percent of its tangible book value, or its assets’ worth. …
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Forex-Rigging Fines Could Hit $41 Billion Globally: Citi
Cocoa exporters in Ivory Coast, the world’s top grower of the chocolate-making ingredient, have had to put their foot on the accelerator as worries about the spread of the Ebola virus continue to mount. Exporters in Ivory Coast “are making all efforts to ship cocoa from the country as soon as it …
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Ivory Coast Exporters Ramp Up Cocoa Shipments Amid Ebola Fears
Cocoa exporters in Ivory Coast, the world’s top grower of the chocolate-making ingredient, have had to put their foot on the accelerator as worries about the spread of the Ebola virus continue to mount. Exporters in Ivory Coast “are making all efforts to ship cocoa from the country as soon as it …
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Ivory Coast Exporters Ramp Up Cocoa Shipments Amid Ebola Fears
Technical Sentiment: Bearish Key Takeaways •Canada Wholesale Sales, in line with consensus at 0.2%, couldn’t boost the domestic currency on Monday; •Swiss Franc is showing an overall bullish tendency against a basket of currencies; •CHF Trade Balance is due Tuesday morning with bullish expectati…
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Canadian Dollar Slips Lower In Intraday Trading
Technical Sentiment: Bearish Key Takeaways •Canada Wholesale Sales, in line with consensus at 0.2%, couldn’t boost the domestic currency on Monday; •Swiss Franc is showing an overall bullish tendency against a basket of currencies; •CHF Trade Balance is due Tuesday morning with bullish expectati…
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Canadian Dollar Slips Lower In Intraday Trading
Confused why one second the market is down 1%, and then moments later, upon returning from the bathroom, one finds it up by the same amount on negligible volume? Simple: there continues to be zero liquidity. Although, not just in equities, but in bonds as well, something this website – and the TBAC…
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E-Mini Liquidity Has Crashed 40% In The Past Quarter, JPMorgan Finds
Confused why one second the market is down 1%, and then moments later, upon returning from the bathroom, one finds it up by the same amount on negligible volume? Simple: there continues to be zero liquidity. Although, not just in equities, but in bonds as well, something this website – and the TBAC…
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E-Mini Liquidity Has Crashed 40% In The Past Quarter, JPMorgan Finds
The U.S. Energy Information Administration (or EIA) reports weekly figures on crude oil inventories. It reports the figures every Wednesday.
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Why investors monitor crude oil inventory numbers
U.S. regular gasoline retail prices fell to an average of $3.41 per gallon in September 2014, $0.08 below August’s average.
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Must-know: The EIA’s retail gasoline price estimates decrease
The pattern is easy to understand. Those companies with a larger presence in met coal have lost more. The likelihood that Arch Coal will default—fail to repay its debt—increases at pace with its falling …
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What credit rating agencies think about Arch coal
Many investors will remember last week’s market gyrations (and Wednesday’s in particular) as exceptional, exciting, frightening and draining. The wild movements affected both stock prices (including a 600-point swing in the Dow Jones Industrial Average in just a half-hour) as well as U.S. Treasury…
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4 Lessons of a Wild Market Week
U.S. imports are an important indicator. U.S. imports have been changing the entire industry’s dynamics. They’ve become a crude oil net exporter.
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Must-know: The crude tanker industry’s performance
Sabermetrics has come to stock-picking. As if we didn’t have enough ways to measure stocks against one another, Goldman Sachs equity analyst Robert Boroujerdi is out with a note to clients ahead of the World Series that takes three popular baseball “sabermetrics” and turns them into metrics for p…
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Goldman Sachs Now Has A Stock-Picking Model Inspired By The Stats Behind ‘Moneyball’
Falling oil prices have given households a break and could help the economy, but receding inflation also reflects lurking threats overseas that could harm the U.S. if they persist. The price of a light crude oil has fallen about 20% since late June and it recently touched a three-year low of $80 …
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Fading inflation good for consumers but hints at lurking threats
Investors may have over-reacted to signs of economic slowdown, although they have been right to price in weaker global growth prospects, the Bank of England’s chief economist said in a Sunday newspaper interview. “What we have seen over the past week is financial markets catching up with the data…
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Markets may have over-reacted to slowdown: Bank of England’s Haldane
Bullish Correction: EUR/GBP has been bullish in October, rallying from 0.7764 to 0.8046. The 4H chart shows that the market gained some bullish momentum as the RSI pushed above 80, and was starting to show bullish bias with price above the 200-, 100-, and 50-period SMAs. Losing Bullish Bias: Enter…
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Critical Juncture for the EUR/GBP
Thank you for the opportunity to speak with you today about some of the key issues facing community banks. As the chairman of the Federal Reserve Board’s community and regional bank subcommittee, I try to meet with groups of community bankers whenever I can to better understand what is on community…
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Powell: Webinar on Community Banking
Norway, where oil helped create one of the world’s most stable and prosperous societies, is among the most exposed to falling crude prices. Three projects led by state-owned Statoil ASA (STL), which is borrowing and selling assets to cover dividend payments, are at risk of being delayed or shelved, said Jarand Rystad, managing partner of Oslo-based consultant Rystad Energy. “Norway is probably more vulnerable to a fall in oil prices because costs are undeniably higher,” said Teodor Sveen Nilsen at Swedbank AB. In August, Helge Lund, Statoil’s chief executive officer, remarked that while $100-a-barrel oil once provided an excuse for champagne, it now barely covered the expense of new projects.
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Oil Workers Earning $179,000 Expose Norway to Crude Crash
A paucity of policy options has increased central banks’ reliance on so-called forward guidance, where policy makers telegraph likely future actions. There are two components to forward guidance. First, it communicates clear policies to which the central bank is committed. Second, the commitment …
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‘Forward guidance’ marches global economy backwards
Lower WTI crude will hurt U.S. oil producers’ profitability. These companies include Whiting Petroleum, Halcon Resources, Laredo Petroleum and Pioneer Natural Resources.
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Why the EIA decreased Brent estimates more than WTI estimates
