Month: April 2014
Sensex closed at 22688, a rise of 60 points as compared to a rise of 18 points in the previous week. Sensex made a new all time high of 22939 and closed at near to its all time high. Sensex is in strong uptrend and continue to be remaining in uptrend with higher volatility. Most […]
The occasional doubts that crop up over Warren Buffett’s investment prowess were laid to rest this week — again — by, of all companies, Harley-Davidson, Inc. (HOG), the iconic Milwaukee motorcycle maker. A business deal struck five years ago between the two renowned Midwestern entities — Buffett’s Berkshire Hathaway (BRKA), in Omaha, and Harley-Davidson — […]
Just months after JPMorgan Chase paid $13 billion to settle charges that it misled investors about the quality of certain securities tied to home loans, rival Bank of America is discussing a similar deal with the Department of Justice that could cost it $10 billion or more, according to two people familiar with the matter. Bank of America, one […]
The tech company behind the largest and most-anticipated IPO of the year doesn’t trace its roots to Silicon Valley, a Harvard dorm room or MIT lab. Alibaba was founded 15 years ago in the modest Hangzhou, China apartment of Jack Ma — a former English teacher who started the company with an initial investment of […]
If you’ve tried to get a mortgage in the last few years, you probably have a story to tell about how much more difficult the process has become. Maybe the bank asked you to explain every large deposit into your bank account so that they could ensure that your down payment funds were actually yours. […]
Four years before the adoption of the U.S. Constitution, an American ship named the “Empress of China” set sail from New York City to Canton, China. It was the first U.S. ship to trade with China. 15 months later, the ship returned with valuable cargo – tea, silk, and porcelain – and provided its investors […]
London, Dubai and Singapore are the popular destinations for wealthy Indians when it comes to buying homes abroad. Back in the 1990s, owning a house or even an apartment in south Mumbai meant serious wealth. For the new rich, or ultra high networth individuals (HNIs) of today, to whom no place is too far to […]
Singapore ndollar-treasury yield correlation. Bloomberg Data Singapore’s dollar has emerged as Asia’s most-vulnerable currency to prospects of higher U.S. interest rates, driving a gauge measuring the relationship to a record high. The CHART OF THE DAY tracks the Singapore dollar and the benchmark U.S. 10-year yield since April 1995. The lower panel shows the 240-day […]
The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring. As the International Monetary Fund declares the strengthening U.S. economy is providing a “major impulse” to the world, economists are questioning just how powerful it will prove to be. The U.S. contribution to […]
Mario Draghi will probably take action within two months against the threat of deflation, economists said. Almost two-thirds of respondents in the Bloomberg Monthly Survey predicted the European Central Bank president will ease policy by June. Of those economists, just under half said he may implement multiple measures ranging from interest-rate cuts to asset purchases and […]