Independent trader Alessio Rastani made his fame during the BBC interview earlier this week. What he said “shocked” those in the studio as well as the public. The
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- Month: September 2011
What is Operation Twist and Its Implications
After two-day Federal Open Market Committee (FOMC) meeting from 20-21 September, FOMC announced that it will sell short maturity (three-years or less) securities to purchase USD 400 billion
The Famous Rogue Traders
Last week, UBS AG said a rogue trader racked up as much as $2 billion in losses using the firm’s own money. The losses is said to stem from
S&P Cut Italy's Credit Rating from A+ to A
According to Bloomberg, Italy’s credit rating was cut by Standard & Poor’s on concern that weakening economic growth and a “fragile” government mean the nation won’t be able
Yuan Will Be Fully Convertible by 2015
According to an article from Bloomberg last week, Chinese officials told EU chamber that the yuan will achieve “full convertibility” by 2015. The People’s Bank of China said
Moody's cut the long-term debt ratings of Société Générale SA and Crédit Agricole SA
According to Wall Street Journal, Moody’s Investors Service has cut the long-term debt ratings of Société Générale SA and Crédit Agricole SA on Wednesday and kept BNP Paribas
Singapore Dollar depreciates against USD
Just last week, I wrote an article cautioning investors not to be over confident that Singapore Dollar will continue to strengthen. I’ve highlighted that stronger currency like Japanese
The probablility for Greece to default
According to an report from bloomberg last week, the record high Credit-default swaps on Greek government debt is “signaling a 91% chance the nation will fail to meet
European Banks Under Pressure
According to Bloomberg, some of the European banks are being quoted higher rates in the commercial paper market. Premiums on short-term loans are rising as odds of a default by
Two Lessons to learn from Bill Gross
In Mar this year, the world most prominent bond fund manager, Bill Gross, dumped all his exposure to U.S. government holdings in his more than $240 billion Pimco