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Citigroup recomendation

Tue, 18 Nov 2008 18:57:00 +0100

NEW YORK, Nov 17 (Reuters) - Heads may be rolling at Citigroup Inc , but that won't necessarily stop the red ink from flowing next year. The bank said earlier Monday it expects to shed 52,000 jobs by early 2009 to cut costs as global economies slow. But if the company's credit losses are big enough, they may overwhelm any savings from cost cutting. "Performance will be determined by how big credit losses are," Bill Fitzpatrick, equity...

Commodities Liquidation

Tue, 18 Nov 2008 18:56:00 +0100

NEW YORK, Oct 14 (Reuters) - Commodity funds are struggling to regain a footing after a record fall in futures prices last week suggested to many that more liquidation could be in store for a sector that lost up to $60 billion in the last quarter. Some investors in commodities had hoped that the worst was over for investments in raw materials after a broad rally on Monday. But most commodity prices slipped again on Tuesday amid worries about the credit...

US COAL

Tue, 18 Nov 2008 18:55:00 +0100

NORFOLK, Virginia, Nov 14 (Reuters) - After struggling to keep up with soaring coal exports through the first 10 months of this year, U.S. coal shippers now face the prospect of a serious slowdown due to the worldwide economic slowdown. "We're seeing a little bit of a dip," Jeff Yates said in his office on the edge of the sprawling Lambert's Point terminal that he runs for Norfolk Southern Corp . The shift could be dramatic. As recently as last...

Energy JP Morgan

Tue, 18 Nov 2008 18:54:00 +0100

LONDON, Nov 11 (Reuters) - Wild swings on metals markets have created cash flow uncertainty for producers, but high costs are expected to deter them from using hedging, or selling forward, to protect their revenues. An exception could be the biggest commodity market oil, where the downside price risk is limited by OPEC's willingness to intervene, which has moderated the slide. In other markets, declines have been tempered as firms have shut loss-making output,...

Solar equipments manufactures - buy recomendation

Mon, 17 Nov 2008 18:45:00 +0100

NEW YORK/LOS ANGELES, Nov 16 (Reuters) - A global credit crisis and a steep slide in prices of solar panels has sent makers of the clean energy source reeling, but the damage done to share prices presents an opening for investors to buy into the stronger players. Investors have fled the burgeoning solar sector in the past three weeks, sped along by a global financial crisis and warnings from sector heavyweight SunPower Corp and China's JA Solar...

U.S. Credit Cards

Mon, 17 Nov 2008 18:42:00 +0100

WASHINGTON, Nov 17 (Reuters) - By choice or by force, more U.S. consumers are putting away their credit cards as the financial crisis reshapes attitudes toward spending and debt. Wal-Mart Stores Inc noticed that customers were pulling out the plastic less and less this year as the financial turmoil intensified. The world's biggest retailer said the portion of transactions using credit cards was falling after three consecutive years of double-digit...

Oil forcast

Sun, 16 Nov 2008 00:46:00 +0100

LONDON, Nov 13 (Reuters) - World oil prices could easily fall below $50 a barrel and might even slip towards $40 or perhaps $35, but they will recover and could do so fairly quickly, analysts and economists say. Benchmark U.S. crude futures dropped to a 22-month low under $55 on Thursday as evidence mounted that the deepening recession would have a severe impact on demand, reducing the use of oil by industries and individuals alike. Oil...

Prophets of Financial Crisis

Sun, 16 Nov 2008 00:44:00 +0100

LONDON, Nov 12 (Reuters) - In 2003, a group of London-based thinkers was among those who warned of a huge credit crunch and a surge in personal and corporate bankruptcies. Five years on, the crisis is here and the question is whether prophetic minds like those in Britain's New Economic Foundation (NEF) can persuade a hitherto deaf political mainstream to adopt their proposed solutions. Founded in 1986 and now fronted by policy director Andrew Simms, a...

Carry Trades

Sun, 16 Nov 2008 00:41:00 +0100

NEW YORK, Nov 12 (Reuters) - With central banks around the world on an interest rate cutting spree, the once popular carry trades has taken an extended vacation. The interest rate spread between the high-and low-yielding currencies is narrowing sharply as a result of recent aggressive rate cuts in Europe, Australia and New Zealand. That could make the carry trade strategy, which involves borrowing in currencies with low interest rates and...

Quants and Wall Street

Sun, 16 Nov 2008 00:38:00 +0100

NEW YORK, Nov 13 (Reuters) - Robust returns for a group of powerful hedge funds that thrived for years using sophisticated trading programs may be a thing of the past after a "Black Swan" event hit global markets this year. The carnage in financial markets worldwide, what many viewed as a so-called Black Swan event because it was out of the ordinary and had severe repercussions, has scorched returns for most of these funds. That forced them to embrace new...