Alibaba Group Holding Ltd. (BABA), the e-commerce company started in 1999 with $60,000 cobbled together by Jack Ma, today cemented its status as a symbol of China’s economic emergence by raising $21.8 billion in a U.S. initial public offering. The company and shareholders including Yahoo! Inc. (Y…
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Alibaba Group Said to Raise $21.8 Billion in Record U.S. IPO
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Yougov Chief sees 99% Chance of `No’ Winning:BBG
BREAKING
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yougov recontacted people after they voted
•This is a poll, not an official result •From the final Yougov POLL: 46 Yes / 54 No – •This is NOT an exit poll – •GBP/USD higher, through 1.6400 to 1.6417 as I type (Added … and of course I can’t keep up, just shy of 30 now)
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Scotland referendum – final Yougov POLL: 46 Yes / 54 No
Anyone who’s sat up watching the TV on election night knows there’s a pattern to how things go: before the polls close, early in the evening, broadcasters assiduously say as little as possible to avoid breaking election broadcasting rules. Then comes 10pm, and the polls close. Moments later, the …
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Scottish independence referendum: with no exit polls isn’t there a democratic deficit?
Currency traders are betting that Scottish nationalists’ bid for independence will fail today. The pound strengthened for a third day versus the euro, reaching its highest level in two years, as Scotland’s electorate voted on whether to end a three-century-old union with the U.K. Sterling appreci…
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Pound’s 2-Year High Points to Bets That Scotland Will Vote ‘No’
No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come. Some market participants worried that a new limit on the Fed’s reverse repur…
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Wall Street sees holes in Fed’s new policy-tightening plan
Scotland is voting on its own independence and the conventional wisdom is that they will ultimately vote NO, meaning they will stay with Great Britain. Polls show the NO side holding a slim, but consistent lead. And the British Pound has been surging, which is the opposite of what it would do …
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Here’s The Best Explanation We’ve Heard Of How Scotland Could Still Shock The World And Vote YES
Scotland makes its historic vote on independence, and this is a big deal for the pound. We have already seen sterling fall and rise on any change in the opinion polls. And now, we are approaching the one poll that matters: the real results. In case of the expected No vote, there is some room for …
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Scotland Referendum: GBP/USD levels to watch out for
The Swiss National Bank met to make monetary policy decisions during the 9/18 European session. As expected, the SNB kept its libor rate in the 0.0 band. the SNB noted deteriorating economic conditions domestic and abroad, lower inflation expectations, and the fact that the “Swiss franc is…
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Traders Testing the SNB’s Resolve as EUR/CHF Falls
The launch of the new 4-year lending facility by the European Central Bank was disappointing. Participation was light. Some 255 banks (of 382 eligible institutions, which represent more than 1300 entities) borrowed a total of 82.6 bln euros. The consensus was for 150 bln euros, and less than 100…
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More Thoughts about the Fed and ECB
The U.S. Federal Reserve is trying to squeeze a bit more out of a stimulus policy that relies heavily on artificially boosting stock and bond markets to generate growth. In doing so, it is running a higher risk of financial instability, and increasing its dependence on a Congress that shows little…
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The Fed’s Risky Bet on Growth
Scotland is voting today on whether to go independent, and it’s expected to be a VERY late night. Final results in the big cities of Glasgow and Edinburgh won’t be reported until about 5 AM Friday local time (or midnight East Coast time). But we might no more sooner than that. According to…
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Here’s How We Might Know Very Early On Which Way Scotland Is Going To Vote
•Says risks for Italy are still tilted to the downside •Sees possible gradual increase in output in next quarters •Sees 1.1% growth in 2015 (slightly below official forecasts of 1.3%)
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IMF sees risk of stagnation and low inflation in Italy
Just yesterday, we asked whether a “Fed-Fueled Fire” could drive USDJPY to a new 6-year high above 107.40 (see below for more). As it turns out, the Fed dumped a proverbial gallon of lighter fluid on the fire, and the ensuing bullish inferno has propelled USDJPY more than 150 pips higher. With the…
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USDJPY Goes Parabolic – Could We See 1.10 Next Week?
U.S. natural-gas inventories rose 90 billion cubic feet on the week ended Sept. 12, the Energy Information Administration said Thursday. That was in line with Wall Street expectations, with analysts polled by Platts forecasting an increase between 88 bcf to 92 bcf. Natural gas futures added to…
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Natural gas futures extend losses after supply report
1) There has been a lot of conjecture about the PBOC’s intentions with the RMB 500 bln injection 2) Turkish President Erdogan threatened to cut ties with rating agencies 3) S&P reclassified Greece as an Emerging Market 4) Ukraine’s parliament approved a law giving special status to two eastern re…
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Emerigng Markets: What has Changed
Firms responding to the Manufacturing Business Outlook Survey indicated continued growth in the region’s manufacturing sector in September. Although the current activity index fell from its relatively high reading in August, the other broad indicators increased from their readings last month. The…
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Philly Fed Manufacturing Business Outlook Survey
Worries that China’s economy may be slowing further intensified on Thursday as data showed home prices fell for the fourth straight month, adding to expectations that Beijing will need to do more to stimulate activity. For now, policy easing is likely to come in the form of help to the most vul…
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China’s house prices fall further, economic gloom deepens
The European Central Bank’s flagship scheme to boost the flagging eurozone economy has received a lukewarm welcome from banks in the 18-nation single-currency zone. Financial markets were taken aback to find only limited demand for the cheap credit on offer from the ECB, as they had expected inst…
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Eurozone banks give ECB’s lending programme a lukewarm reception
