Archive for January, 2010
Dollar rallies, hits 5-month euro high
Thursday, January 21st, 2010A looming slowdown in Chinese bank lending and uncertainty over the debt problems of some European countries, particularly Greece, pushed the dollar to a 5-month high against the euro Wednesday. The dollar tends to benefit from economic or corporate news that points to instability, just as stocks, commodities and emerging-market currencies trend lower for the [...]
Obama to propose new limits on banks
Thursday, January 21st, 2010The White House wants commercial banks that take deposits from customers to be barred from investing on behalf of the bank itself—what’s known as proprietary trading—and said the administration will seek new limits on the size and concentration of financial institutions. Under the proposed rule, commercial banks would be prohibited from owning, investing in or [...]
Oracle darf Sun übernehmen
Thursday, January 21st, 2010Die Europäische Kommission genehmigte den Zusammenschluss am Donnerstag ohne Auflagen. Es drohe keine Einschränkung des Wettbewerbs im Europäischen Wirtschaftsraum.
U.S. financial regulation reform proposals
Tuesday, January 12th, 2010The U.S. Senate will renew efforts this month to overhaul financial regulation, basing much of its work on a bill offered by Democratic Senator Christopher Dodd, who announced this week he will retire at the end of 2010. Like legislation approved on Dec. 11 by the U.S. House of Representatives, the Dodd bill proposes the [...]
Hedging Lufthansa Treibstoffkosten
Tuesday, January 12th, 2010Der jährliche Treibstoffverbrauch des Lufthansa Konzerns lag im Geschäftsjahr 2008 bei etwa 7,9 Millionen Tonnen Kerosin. Er stellt für den Lufthansa Konzern eine wesentliche Aufwandsposition dar. Starke Veränderungen der Treibstoffpreise können somit das betriebliche Ergebnis erheblich beeinflussen. Lufthansa setzt deswegen eine regelbasierte Treibstoffpreis-Sicherung mit einem Zeithorizont von 24 Monaten ein. Ziel ist es, die Schwankungen [...]
Arbitrage Spreads On Pending Mergers & Acquisitions
Thursday, January 7th, 20103Com Corp. (COMS), Hewlett-Packard Co. (HPQ) Premium offered: $0.36 or 4.77% Acquirer: HPQ Target: COMS Offer per share: $7.90 cash Value of outstanding common equity: $3,098,143,000 Target share price: $7.54 Acquirer share price: $52.04 Expected closing: 1st Half 2010 4/1/2010 Annualized gain: 20.75% Note: Deal has been approved by the boards of both companies. The [...]
Handelsblatt, Kommentar : Ratingagenturen : Aufseher zementieren die Macht der Ratings
Tuesday, January 5th, 2010Dazu haben insbesondere die internationalen Eigenkapitalregeln für Banken, im Fachjargon Basel II, beigetragen. Die Bonitätsnoten bestimmen, mit wie viel Kapital eine Bank den Besitz von Krediten und Wertpapieren unterlegen muss. Vor allem bei komplexen, also verbrieften, Wertpapieren ist dieser Weg praktisch alternativlos. Verankert in zahllosen Anlagerichtlinien und Verordnungen für Fonds und Versicherer legen Ratings auch [...]
Tokyo bourse to launch high-speed trading system
Sunday, January 3rd, 2010Tokyo Stock Exchange to pick up speed with new trading system in 2010 The Tokyo Stock Exchange will launch a new high-speed trading system Monday, scrapping an antiquated, glitch-prone platform for one that aims to compete with major global rivals. – which can process trades in five milliseconds. That is 600 times faster than the [...]