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Market News

Location American Market News for 15 May 2013
Is BNY Mellon's Custody Banking Growth Slowing? Bank of New York Mellon may be the leader in the global custody banking industry by a good margin, but when it comes to growth in the size of its assets under custody, things haven't really looked too good in the recent ...
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Volcker: Government Makes Up 35% Of GDP, Mortgage Markets Are Now A State 'Subsidiary' Former Fed Chairman Paul Volcker warned of the risks of an asset bubble forming given the incredible amount of liquidity the Bernanke Fed has injected into the market, even though he said banks are substantially stronger...
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Blue-chips flirt with 6,700

Telegraph - 15 May 2013 19:36
Blue-chips flirt with 6,700 The benchmark FTSE 100 crept above the key level during trading today.
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Business news and markets: as it happened - May 15, 2013 The BoE has upgraded its outlook for growth and expects a faster fall in inflation, Sir Mervyn King said, offering a pleasant "parting gift" in his final inflation report as Governor.
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Can Zynga And Groupon Be Saved? An Activist Hedge Fund Seems To Think So Looked at over the past several months, Zynga and Groupon appear as some of the most attractive investments out there, delivering returns of about 40% each in 2013. That?s probably not what Barry Rosenstein of Jana Partn...
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Effects of QE - Bernanke's Quantitative Easing Bernanke's Federal Reserve Enacted A Policy Of QE: How Has It Affected Oil, Gold, Equities, Emerging Markets And Treasuries?
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Activist Hedge Fund Jumps Into Toxic Twins Groupon And Zynga Before Facebook's IPO flop last year, the two disappointing poster children for tech IPOs of recent vintage were daily deal service Groupon and gaming company Zynga. Now, a hedge fund known to call for change at its port...
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Dollar Bulls On The Rise

Forbes - 15 May 2013 16:26
Dollar Bulls On The Rise The recent outperformance of the U.S. economy has the dollar appreciating against most currencies over the past week. Some of the current price levels have a percentage of the market beginning to price in expectations of...
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Not long ago it seemed that the ?smart money? was invested in hedge funds which generated outsized returns for investors. When broad markets fell by 40% in the crash of 2008 and 2009, hedgies like John Paulson, who bet a...
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(Kitco News) - Comex gold futures prices are posting solid losses and hit a three-week low in early trading Wednesday. Bearish outside market forces?a stronger U.S. dollar index and weaker crude oil prices, are combining...
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Business news and markets: live

Telegraph - 15 May 2013 09:25
Business news and markets: live The Bank of England may revise up its 2013 growth forecasts today amid signs that the UK economy is turning a corner, as Sir Mervyn King prepares to present his final inflation report as Bank governor.
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Fungus Wreaks Havoc on Coffee Crop

Wall Street Journal - 15 May 2013 06:08
A fungus called roya is hurting production and is expected to cause crop losses of $500 million and cost 374,000 jobs in Central America this year, the International Coffee Organization says.
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Hedge Funds Bet on Freddie, Fannie Rise

Wall Street Journal - 15 May 2013 05:46
Some of the hedge funds that made fortunes in the housing-market crash are now betting on the recovery of Fannie Mae and Freddie Mac, the government-controlled mortgage giants.
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Performance Slows With Age at Cisco

Wall Street Journal - 15 May 2013 00:24
Ahead of the Tape: Cisco is no kid any more. The company that briefly was the most valuable on the planet 13 years ago now looks positively geriatric by comparison.
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