Global Investing

Turkey: ceasefire with PKK may bring economic gains

By Reuters Staff
April 15, 2013

Turkey’s ceasefire last month with the Kurdish militant group PKK could boost its trade partnerships multilaterally, as increasing prospects for stability in the region bring economic opportunities in the Middle East and Africa.

Next week: Half time…

June 21, 2012

QE, some version of it or even the thought of it, seems to have raised all boats yet again — for a bit at least. You’d not really guess it from all the brinkmanship, crisis management and apocalyptic debates of the past month, but June has so far turned out to be a fairly upbeat month – weirdly. World equities are up more than 6 percent since June, lead by a 20 percent jump in European bank stocks and even a 20 percent jump in depressed Greek stocks. The Spanish may found themselves at the centre of the euro debt storm now, but even 10-year Spanish debt yields have returned to June 1 levels after briefly toying with record highs above 7%  in and around its own bank bailout and the Greek election. And the likes of Italian and Irish borrowing rates are actually down this month.  Ok, all that’s after a lousy May that blew up most of the LTRO-inspired first-quarter market gains. But, on a broad global level at least, stocks are still in the black for the year so far. It was certainly “sell in May” yet again this year, but it’s open question whether you stay away til St Ledgers day in September, as the hoary old adage would have it.

from MacroScope:

Netherlands at core of the crisis

April 23, 2012

The Netherlands has become the latest country to come into the firing line of the euro zone crisis.

Bullish Barclays says to buy Portuguese debt

By Reuters Staff
March 22, 2012

Some bets are not for the faint-hearted. Risky punts are even less so following a sovereign debt crisis, one that has riddled European debt markets for two years. Barclays Capital, however, recommends a particularly unusual bet, one that your parents might baulk at.

Irish SWF: Died Nov 2010 aged 9

November 30, 2010

National Pensions Reserve Fund, born April 2001, died November 28th, 2010; survived by a sister, Nama.

Rug pulled away on UK bank funding

September 3, 2008

rtx6jie.jpg Britain’s banks may have borrowed over 200 billion pounds from the Bank of England, four times the amount they were expected to take under an emergency liquidity scheme. It leaves them facing a sharp funding strain next month when the rug gets pulled away.

Will invasion of Georgia steel EU into kicking its addiction to Russian oil and gas?

September 1, 2008

As George Bush might say, the EU is addicted to Russian energy. While no member wants to kick the habit totally, Brussels would like the bloc to reduce its growing dependence.