(Bloomberg) — China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at the expense of the U.S.The nation has been buying “quite a lot” of Europe’s bonds, said Yu Yongding, a former adviser to the People’s Bank of China who was part of a foreign-policy advisory committee that visited France, Spain and Germany from June 20 to July 2.
Posts Tagged ‘Bloomberg’
China Favoring Euros Over Greenback as Bernanke Shifts Course
August 16th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Asian Nation, Bank Of China, Basic Principle, Bloomberg, Diversification, Dollar Index, Economic Recovery, Federal Open Market Committee, Federal Reserve, Foreign Exchange Reserves, Government Debt, Greenback, Least Five Years, Ministry Of Finance, Open Market Committee, Policy Advisory Committee, Principal Payments, Treasury Department, Treasury Notes, Trillion 
Comments OffDelta Air Expects 65,000 Applicants for 1,000 Job Openings
July 16th, 2010 Before You Invest (Bloomberg) Delta Air Lines Inc., the world’s largest carrier, said it anticipates getting about 65,000 applications for its 1,000 airport job openings as millions of Americans continue to look for work.The airline is hiring workers at its 25 largest U.S. airports to help with planes that are flying with near-record percentages of seats filled and cope with weather disruptions, Chief Executive Officer Richard Anderson said today in a weekly recorded message to employees.The company often gets “many multiples” of applications when it has job openings, he said.
Posted in Finance Fraud Tags: Airline, Airport Job, Airports, Applications, Balance Sheets, Bloomberg, Chief Executive Officer, Delta Air Lines, Delta Air Lines Inc, Job Openings, Net Income, Percentages, Planes, Profitability, Recorded Message, Repair Balance, Richard Anderson, Travel Demand, Weather Disruptions, Workforce Comments OffPenthouse Owner to Compete With Hugh Hefner for Playboy Control
July 12th, 2010 Before You Invest (Bloomberg) — FriendFinder Networks Inc., owner of Penthouse adult magazine, plans to submit a bid for Playboy Enterprises Inc., following a $123 million offer from Playboy’s founder Hugh Hefner.FriendFinder Chief Executive Officer Marc Bell said in an interview the company is “looking at alternatives” and “will hopefully have something to announce later today.”Playboy earlier today said that Hefner wants to take the company private, and offered to buy the shares he doesn’t already own in Playboy, which includes the namesake men’s magazine, merchandise, and television and video content.Hefner plans to offer $5.50 apiece in cash for the Class A and Class B shares, Chicago-based Playboy said in a statement today.
Posted in Finance Fraud Tags: 50th Anniversary, Adult Magazine, Bloomberg, Chief Executive Officer, Editorial Direction, Friendfinder, Hefner Playboy, Hugh Hefner, Internet Competition, Management Llc, Marc Bell, Namesake, Penthouse Magazine, Photos Of Nude Women, Playboy Enterprises Inc, Playboy Magazine, Rizvi Traverse, Satirical Cartoons, Video Content, Vladimir Nabokov Comments OffCitigroup : Emerging-Market Stocks to Rally 20%
July 9th, 2010 Before You Invest (Bloomberg) — Emerging-market stocks will rally 20 percent to 25 percent by the end of this year as the world economy avoids a double-dip recession and attractive valuations lure investors, according to Citigroup Inc.Most of the rally will come in the fourth quarter as shares stay in a “trading range” during the historically weak months of August and September, New York-based strategist Geoffrey Dennis wrote in a report dated yesterday.
Posted in Finance Fraud Tags: Africa Region, Attractive Valuations, August And September, Bloomberg, Citigroup Inc, Country Index, Double Dip Recession, Earnings Growth, Earnings Momentum, Economic Expansion, Emerging Market Stocks, Global Recovery, Market Shares, Msci Emerging Markets, Msci Emerging Markets Index, Raw Material Producers, Rising Interest Rates, Shares Trade, Stock Valuations, World Economy Comments OffSEC To Review Marketing of Principal Protected Products
July 6th, 2010 Before You Invest The U.S. Securities and Exchange Commission is asking financial firms for information on how they market “principal-protected” notes,” Bloomberg reported on Friday, citing people familiar with the matter. Principal-protected notes, complex securities marketed as carrying a money-back guarantee, have started to make a comeback lately after losing much of their luster when Lehman Brothers collapsed in 2008.
Posted in Finance Fraud Tags: Bank Of America, Bank Of America Corp, Barclays, Barclays Plc, Bloomberg, Chase Co, Citigroup Inc, Financial Industry Regulatory Authority, Hsbc Holdings, Hsbc Holdings Plc, Initial Outlay, Jpmorgan Chase, Lehman Brothers, Luster, Money Back Guarantee, Principal Protected Notes, Promotional Materials, Regulatory Agency, Securities And Exchange Commission, Securities Industry Comments OffEU Crafts $962 Billion Show of Force to Halt Crisis
May 10th, 2010 Before You Invest European policymakers agreed to offer as much as €750 billion in financial help to nations feeling pressure from speculators in an effort to curb the spread of the sovereign-debt crisis. The European Central Bank will buy government and private bonds to counter “severe tensions” in some markets.
Posted in Finance Fraud Tags: Amp, Apps, Bloomberg, Chief Economist, Contagion, Crafts, Debt Crisis, E Mail, Financial Assistance, Overwhelming Force, Pid, Policymakers, Private Bonds, Risk, Shock And Awe, Sid, Sovereign Debt, Speculators, Tensions Comments OffAl Fayed Family Trust Sells Harrods Group to Qatar Holding
May 8th, 2010 Before You Invest (Bloomberg) — Egyptian billionaire Mohamed Al Fayed has sold luxury London department store Harrods to Qatar Holding, the Gulf royal family’s investment arm, Fayed’s advisors Lazard said Saturday. “The Al Fayed family trust, owners of Harrods, announce that they have today sold the Harrods Group to Qatar Holding,” Lazard said in a statement.
Posted in Finance Fraud Tags: Bloomberg, Egyptian Billionaire, Family Trust, Fayed Family, Harrods, Investment Advisors, Investment Arm, Lazard, London Department Store, Mohamed Al Fayed, Qatar, Royal Family Comments OffFormer-Citigroup trader accused of providing confidential data to Deutsche Bank
May 5th, 2010 Before You Invest Gautam Hazarika, an ex-trader at Citigroup, is being sued by his former employers for allegedly handing over confidential information to Deutsche Bank, a newspaper report has claimed.According to Bloomberg, the banker sent messages containing trade secret details to the financial services provider, Standard Chartered and his own personal email account.The trader, who now works as the head of corporate flow sales for Deutsche Bank in Asia, has denied the allegations.He spent 15 years working for Citigroup in various locations across Asia.An investigation was launched by Citigroup after a senior executive at the financial service provider heard how Mr Hazarika had given Deutsche Bank “everything” when he joined.Siraj Omar, head of litigation at Premier Law, told the news provider that the case showed how increasingly competitive banks have become over the contact books of traders.“The thought is to make things as hard as possible for the bankers who are leaving, which is only logical from the banks’ perspective,” he clarified.Mr Hazrika was reported by Bloomberg as saying he had done nothing incorrect.
Posted in Finance Fraud Tags: Allegations, Asia, Banks, Bloomberg, Citigroup, Confidential Data, Confidential Information, Contact Books, Deutsche Bank, Email Account, Financial Service Provider, Financial Services Provider, Gautam, Litigation, Newspaper Report, Perspective, Secret Details, Siraj, Standard Chartered Comments OffCoca-Cola HBC Is Biggest Greek Company as Banks Fall
April 29th, 2010 Before You Invest (Bloomberg) — Coca-Cola Hellenic Bottling Co., the world’s second-largest bottler of Coke beverages, has surpassed National Bank of Greece SA to become the nation’s largest company by market value after the Greek debt crisis caused banking stocks to plunge.Coca-Cola Hellenic, which is 24 percent owned by the Coca- Cola Co., has a value of more than 7 billion euros ($9.3 billion), the only such company on the Athens exchange, after National Bank plunged 44 percent this year on concern over the country’s debt.
Posted in Finance Fraud Tags: 1 Billion, Athens, Bank Of Greece, Beverages, Bloomberg, Bottler, Bourse, Coca Cola, Coca Cola Co, Coca Cola Hellenic Bottling, Coca Cola Hellenic Bottling Co, Coke, Debt Crisis, Greek Banks, Greek Company, Hbc, Hellenic, National Bank Of Greece, Securities Regulator, Stocks Comments OffGreek Stocks Regulator Bans Short-Selling From Today to June 28
April 28th, 2010 Before You Invest (Bloomberg) — Greece’s securities regulator banned small-selling on the Athens stock exchange from today until June 28, according to an e-mailed statement from the Hellenic Capital Markets Commission today.
Posted in Finance Fraud Tags: Athens Stock Exchange, Bloomberg, Capital Markets, Greece, Greek Stocks, Hellenic, Securities Regulator Comments Off
