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Market News

Location American Market News for 12 April 2014

Accounting for Nigeria's Oil Revenue

Wall Street Journal - 12 Apr 2014 05:07
Nigeria's state-owned petroleum company is at the center of a contentious debate over the whereabouts of tens of billions of dollars in oil revenue.
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Investors fear further Royal Mail sale as lock-up expires Jitters over lock-up have already weighed on shares, which have fallen 12.1pc since beginning of April
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There's a lot more air to come out of the tech bubble If we're really back to weighing not counting, then I suspect this process has further to go
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Every Central Bank For Itself

Forbes - 12 Apr 2014 19:01
Every Central Bank For Itself Below is the April 12th "Thoughts from the Frontline" newsletter, republished in full. “Everybody has a plan until they get punched in the face.” – Mike Tyson For the last 25 days I’ve been traveling in Argentina...
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We may have seen the last dotcom IPO

Telegraph - 12 Apr 2014 19:00
We may have seen the last dotcom IPO As things stand, there are two ways that the so-called "tech bubble" is most likely to play out
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U.S. stocks plummeted amid a volatile exchange Friday, causing the NASDAQ Composite (INDEXNASDAQ:.IXIC) to close 1.3 percent lower, below the 4000 mark, making it the lowest ending for a week since 2012.
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Plans for a new Six Flags theme park project in Dubai signal an advance for the region's tourism-based economy after a few very bumpy years. After a free fall during the global financial crisis, the global tourism indust...
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Is It Safe To Take A Cruise? 8 Virus Outbreaks In 3 Months Norovirus outbreaks have already struck eight cruise ships this year; is your cruise safe?
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The Week Ahead: Another Scare Like 2010, 2011, and 2012? t was another rough week for the markets as the heavy selling came as the average investor was trying to digest the significance of the market rigging headline that I discussed last time. The selling hit panic levels on ...
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Mohamed El-Erian, who left investment firm Pimco earlier this year, tells the Journal that his approach, and Bill Gross's, stopped meshing.
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Don't Get Dazzled by Glittering Growth

Wall Street Journal - 12 Apr 2014 04:19
The Intelligent Investor: When you pay too much for a dream stock, don't be surprised if you end up with a nightmare, writes Jason Zweig.
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China's decision to hire an internationally respected financial expert as the chief economist of its central bank, the first ever to hold such a post at the People's Bank of China, signals a strong commitment to accelera...
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Judge Approves Detroit Debt Deal

Wall Street Journal - 12 Apr 2014 00:25
The judge in Detroit's municipal bankruptcy case approved a troublesome settlement the city reached with two banks owed nearly $300 million.
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