Unstructured Finance

Countdown for U.S. corn; How many will be switched to soy?

May 31, 2009

It’s crunch time for corn.

Grain traders are anxiously waiting USDA’s weekly crop progress report late Monday as it will tell the story of how U.S. corn was planted this season.

Sensex extends rise above 14,500

May 29, 2009

INDIAThe Sensex ended the month with a flourish, closing 2.3 percent higher on Friday which helped it post the biggest monthly rise in 17 years as positive economic data lifted investor sentiments.

How the financial crisis affected your cardiologist

May 29, 2009

CUBA-HEALTH/SICKOThe New Yorker’s Atul Gawande has an excellent piece this week about why healthcare costs vary from one city to another. Gawande focuses on the cultural reasons behind geographical differences in healthcare costs. In some cities, influential doctors or institutions have emphasized that medicine is a business so physicians should try to maximize their profits. In others, doctors and institutions have emphasized that medicine is a healing profession, so physicians should try to maximize the quality of the care they provide, even if that translates to lower income.
But there may also be a more economic element to the answer. Gawande notes that there is a correlation between doctors’ expenses and their healthcare decisions:

Opel, Magna in tentative deal

May 29, 2009

opel2Germany’s Opel might have a Canadian owner soon.

With its current owner, General Motors, facing a very-likely bankruptcy, Germany desperately wanted a new owner for Opel to save it from insolvency, save thousands of workers from unemployment and save the politicians from failing in re-elections.

The Office: More tragedy than comedy for UK banks

May 29, 2009

Pedestrians walk in the financial district of Canary Wharf in London March 24 2009. With property markets stabilising and hopes that the worst of the financial crisis is behind us, Europe’s banks are now looking to resolve their next biggest problem: 225 billion pounds of loans backed by UK commercial property.

Check Out Line: Diamonds no longer a girl’s best friend?

May 29, 2009

tiffany1Check out the quarterly results at jeweler Tiffany & Co. It’s enough to make one question  Marilyn Monroe’s choice in songs.

Liveblogging Chrysler in bankruptcy court

May 29, 2009

Reuters’ Emily Chasan will be sending live updates from the Chrysler sale hearing in U.S. Bankruptcy Court on Friday starting at 9 a.m. Read her updates on DealZone or follow the DealZone Twitter account.

Investment bank in hiring shock

May 29, 2009

Barclays Capital is thinking big. As Reuters banking correspondent Steve Slater wrote earlier:

Barc-ing up the right tree?

May 29, 2009

As the credit crisis has unfolded, many banks have trimmed their prime brokerage units’ lists of hedge funds clients in an effort to reduce lending and risk as fast as possible.

Quality control

May 29, 2009

After last year’s record poor performance, investors may view a warning that the quality of hedge funds could get worse with a certain degree of irony.