Japan's 10-Year Yields Near Lowest in a Month After 20-Year Debt Auction Nov 19, 2009
During the previous cycle, rate hikes in Japan started two years after they began in the U.S., said , chief fixed-income strategist at Barclays Capital in Tokyo. If it appears that the market accepts the 2012 or later outlook for Fed hikes, some participants may also start to project a 2014 or later scenario for the BOJ.. (Bloomberg -- Japan)
FTSE firms 'failing women bosses' Nov 19, 2009
It's not a lack of supply it's a lack of demand," Dr Sealy added. According to the report, there are now 2,281 women - up from 1,877 last year - on the corporate boards and executive committees or senior teams of all the FTSE listings who make up the "huge and growing pipeline" of female talent available to FTSE 100 boards. Bad banksThe financial sector came in for the harshest criticism from the report, delivering "the biggest disappointment in the past year". Women make up just 9% of board... (BBC News -- Business)
U.K. Royal Mint Quadruples Gold-Coin Output as Investors Chase Diversity Nov 19, 2009
Analysts at Bank of America Merrill Lynch, Societe Generale and Barclays Capital have forecast further purchases by central banks. The U.K. mint moved to Llantrisant in Wales from Londons Tower Hill in 1968, three years before Britain switched to a decimal currency system. (Bloomberg -- UK)
Marcial: America's Car-Mart, a Lot to Like Nov 18, 2009
Barclays Global Investors owned a 4. 6% stake as of Sept. 30, 2009, according to Bloomberg. (BusinessWeek)
Japanese 20-Year Bonds Little Changed Before Tomorrow's $12.3 Billion Sale Nov 18, 2009
Japans 10-year futures may rise to 140, the highest level since January, Barclays Bank Plc said, citing charts traders use to forecast prices ... Bonds remain in a bullish trend, , Tokyo-based chief foreign-exchange strategist at Barclays, wrote in a note to clients. (Bloomberg -- Japan)
US indices inch up to new highs Nov 18, 2009
03 after Barclays raised its recommendation on the stock to "overweight" from "equal-weight." Both Microsoft and Exxon are components of the 30-stock Dow Jones industrial average. But shares of Home Depot fell 2. (Sydney Morning Herald -- Business)
Report: Credit card delinquencies increase Nov 17, 2009
"We view this month's numbers as a sign that credit could be coming under greater stress," Barclays Capital analyst Bruce Harting wrote in a note to clients. Credit card charge-offs and delinquencies usually track unemployment, which rose to a 26-year high of 10. (MSNBC -- Business)
Fed AIG Rescue Faulted by Watchdog for Limited Effort on Bank Concessions Nov 17, 2009
Other counterparties included Merrill Lynch & Co., Barclays Plc and. Supervisory Authority. (Bloomberg -- US)
Blackstone Group Buys Southwest Airlines Shares Nov 17, 2009
5 million stake in the WisdomTree India Earnings fund and increased its stake in Barclays Bank PLC to 381,600 shares worth $22. 5 million from 35,500 shares totaling $1. (ABC News -- Wire)
Services Demand Declines 0.5%, Signaling Stimulus Effect May be Fading Nov 17, 2009
Even though exports have been growing, we havent reached the point where manufacturers can afford to increase their costs, said , chief economist at Barclays Capital in Tokyo ... Improvements in sentiment are coming to a halt, said Barclays Morita. (Bloomberg -- Japan)
Lehman Sues Barclays Over Windfall Profits Nov 17, 2009
(Reuters) - Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business a year ago, court documents show ... Its flagship U.S. brokerage business was sold to Barclays less than a week later in a hurriedly assembled deal ... Lehman said in September this year that Barclays Capital got an $8. (ABC News -- Business)
Fragile European recovery spurs worries Nov 17, 2009
The rebound we are seeing now is merely a technical rebound whereby companies have to rebuild their stock and that's quite mechanical, said Laurence Boone, an economist with Barclays Capital in Paris. Factory shutdown. (Courier-Journal -- Business)
Lehman in $12B feud with Barclays Nov 17, 2009
Lehman Brothers yesterday sued Barclays Capital to get back nearly $12 billion of what Lehman alleges were excess assets improperly transferred to the British bank last year. The laws 000007A3 uit stems from Barclays' purchase in September 2008 of Lehman's broker-dealer business only days after the investment bank filed for bankruptcy protection ... Lehman had previously claimed the deal was rigged to give Barclays a windfall profit that Lehman only learned about after the sale and which was... (New York Post -- Business)
Options In Focus: VIX’ing & Other Thoughts Nov 17, 2009
ETF behemoth Barclays Global Investors released Monday its first actively managed ETF in its iShares family and the first managed-futures ETF on the market: iShares Diversified Alternatives Trust. (ALT) Institutional Strategy Instead of tracking an index, ALT aims to offer exposure to "trading ... 11/16/2009 07:00 PM ET For leaders, building credibility depends not just on handling major issues believably. It also turns on doing the little things right, say exec coaches Jim Kouzes and Barry... (Investors Business Daily)
Deepest Bow Is Reserved For World Opinion Nov 17, 2009
"I looked at that and I said I shouldn't need to print ... 11/16/2009 08:28 PM ET Officials: Anita Dunn may be leaving with her little red book, but her husband enters as the next White House counsel, bringing experience in suppressing dissent, assaulting the First Amendment and limiting speech. ... 11/16/2009 07:32 PM ET 5. Pres. Obama told Chinese students that the U.S. is not trying to "contain" China, ahead of talks on trade imbalances and currency strains that underline the sometimes tense... (Investors Business Daily)
A Stimulus Success: Build America Bonds Are Working Nov 17, 2009
5% in January, before the BABs program was announced, according to Barclays Capital. Some of the drop in yields reflects the improvement in the economy in general, and the easing of the credit crunch. (Time.com)
Japan's Trade Minister Apologizes for Leaking GDP Nov 16, 2009
"They still haven't got out of the habit of being an opposition party," said Kyohei Morita, chief economist at Barclays Capital Japan, adding that Hatoyama's Democratic Party needed to learn more about communicating with financial markets. Chief Cabinet Secretary Hirofumi Hirano, speaking before Naoshima's apology, downplayed suggestions that the minister should resign but acknowledged the incident could cast doubt on the government's ability of handling sensitive information. (ABC News -- Wire)
Japan extra stimulus likely, GDP fails to convince Nov 16, 2009
"With weakness ahead in private consumption or public spending, a slowdown is unavoidable in the January-March and April-June quarters," said Kyohei Morita, chief economist at Barclays Capital in Tokyo. "The one bright spot is that capital spending turned positive. However, while this signals that capital spending is starting to rise from the bottom, the size is still not enough to promise the kind of speed that would be required to prevent a slowdown in the first half of 2010.". (Yahoo News -- Press Releases)
Japan's economy continues growing Nov 16, 2009
"The economy is expected to continue to recover as overseas economies improve. At the same time, the employment situation remains very bad Naoto Kan, Japan's National Strategy Minister Even though subsidies and tax breaks enacted by the previous government will remain in place until next year, an expected fall in year-end bonuses and a scarcity of jobs mean households will have less to spend. "With weakness ahead in private consumption or public spending, a slowdown is unavoidable in the... (BBC News -- Asia-Pacific)
Australian Dollar Trades Near 15-Month High on Recovery Outlook, Rate View Nov 16, 2009
The better Japanese GDP figures should bolster risk appetite and support equity markets and provide moderate support for the Aussie dollar, said , Tokyo-based chief foreign-exchange strategist at Barclays Bank Plc. Were bullish for commodity currencies. (Bloomberg -- Australia & New Zealand)
New York Offering Will Lead Biggest Week for Muni Bond Sales Since April Nov 16, 2009
3 billion of bonds beginning this week through banks including Barclays Plc, Morgan Stanley and Ramirez & Co. The sales, comprising taxable Build America and tax-exempt bonds, will cover construction costs and refinance as much as $610 million of debt subject to the federal alternative minimum tax. The two-year U.S. stimulus law passed in February allows airports to replace select recent issues of AMT debt with lower-cost, tax-exempt bonds. (Bloomberg -- US)
* Brown takes aim at bankers bonuses Nov 16, 2009
The rules would affect all new contracts and would apply to all British banks, including RBS, Lloyds, Barclays and HSBC as well as the British operations of global investment banks like Goldman Sachs. This story has been viewed 270 times. (Taipei Times, Taiwan -- World)
Barclays Bank assists Swedru Police Nov 16, 2009
Chief Superintendent Donyina made the appeal when the Agona Swedru Branch of the Barclays Bank Limited painted the walls and offices of the Divisional Police Command ... According to an official of the bank, the gesture formed part of the Annual Community Services Programme of the Barclays Bank to assist communities in their operational areas ... He expressed appreciation to Barclays Bank for the gesture and urged others to go to their aid. (Ghana Web, Ghana)
Trade Minister Naoshima Announced Japan's GDP Figures 50 Minutes Early Nov 16, 2009
Its unbelievable, said , chief economist at Barclays Capital in Tokyo. The leak reveals the DPJs lack of experience as the ruling party, raising concerns about the governments credibility. (Bloomberg -- Japan)
Tennis: Djokovic nets Paris crown Nov 16, 2009
"Now I'm coming with a lot of confidence in London [to the Barclays ATP World Tour Finals], and the only question is if I'm able to physically rest and get energy for that event," he told the tour's official Web site. Djokovic has played 94 matches this year, the most of any player on the circuit, with a winning record of 76-18. (CNN -- International)
British PM vows law to crackdown on banker bonuses Nov 15, 2009
AFP - Sunday, November 15. Finance workers protest against bank bosses in central London earlier this year. (Yahoo! Asia News)
Deeds recorded Oct. 26-30, 2009 in Volusia Nov 15, 2009
Deutsche Bank National Trust Co., Morgan Stanley Home Equity Loan Trust 2006 3, Barclays Capital Real Estate Inc. and Homeq Servicing to Stephen Andor, lot 49, Timbercrest, $115,000. James Graham to Charles Taylor, lot 7, block 1667, Deltona Lakes, Unit 64, $115,000. (Daytona Beach News Journal -- Business)
Businesses fear Europe's recovery to remain timid Nov 15, 2009
"The rebound we are seeing now is merely a technical rebound whereby companies have to rebuild their stock, and that's quite mechanical," said Laurence Boone, an economist with Barclays Capital in Paris. "At some stage your washing machine stops working and you have to replace it. That does not mean that consumption is growing fast.". (The Augusta Chronicle)
Semi-Annual Changes to the NASDAQ Biotechnology Index Nov 14, 2009
iShares are distributed by SEI Investments Distribution Co. Barclays Global Fund Advisors serves as an advisor to iShares and is a subsidiary of Barclays Global Investors, N.A., neither of which is affiliated with SEI. For a prospectus, call 1-800-iSHARES (1-800-474-2737). IShares are not FDIC Insured. (Primezone Releases)
English Clubs Reject Old Firm Switc... Nov 14, 2009
The VoteThe Premier League chairmen voted 14-6 against including Celtic and Rangers in any new set-up, with Richard Scudamore, chief executive of the Barclays Premier League, commenting afterwards that "no means no - Celtic and Rangers are not coming in". What Happens Now. (Suite101.com)
TMs turning point Nov 14, 2009
Is TM interested to rent some Barclays Premier League content (from Astro/ESPN Star Sports) to make its content offering attractive. What is the content strategy as you will compete with Astro and the free-to-air channels of Media Prima. (The Star Online, Malaysia -- Business)
Zimbabwe: No to Expropriation [editorial] Nov 14, 2009
Once all banks are made indigenous, the current support relations arising from foreign control of the four Zimbabwean banks -- Stanbic, Standard Chartered Bank (Stanchart), Barclays Bank and MBCA Bank -- would be severed. Stanchart and Barclays are British-owned, while MBCA is jointly owned by South Africa's Nedbank and Old Mutual. (allAfrica.com)
Mexico Peso Rises, Caps Best Weekly Gain Among Major Currencies on Economy Nov 14, 2009
Mexicos industrial production fell less than economists estimated, according to a report yesterday, suggesting Latin Americas second-largest economy is on track for a strong recovery, said Barclays Plc analyst ... Barclays also revised its forecast for economic growth in the third quarter to 7 percent quarter- on-quarter from a previous estimate of 6. (Bloomberg -- Latin America)
Zimbabwe: Financial Sector Stability Essential in Attracting Long-Term Deposits [analysis] Nov 14, 2009
CBZ had the largest deposits with at total of US$250 million followed by Stanbic with US$150 million while Barclays and Stanchart had deposits of US$112 million and US$103 million respectively. The four institutions held 61 percent of the total deposits. (allAfrica.com)
Gold gains as greenback loses appeal Nov 14, 2009
Gold ``looks capable of maintaining its recent pace,'' Barclays Capital analysts said today in a report. Inflation expectations are rising, central banks are increasingly looking favorably on the metal and there are signs of improving demand, Barclays said in the report. (Sydney Morning Herald -- Business)
Cott Closes Sale of $215 Million in Notes Nov 14, 2009
Barclays Capital Inc. acted as dealer manager and solicitation agent for the tender offer. Cott produces sodas, energy drinks and teas at bottling plants in Canada, the United States, Mexico and the United Kingdom. (ABC News -- Wire)
Retailers Gear up for Black Friday Nov 14, 2009
"Inventories are in good shape, but sales may suffer more than we thought as retailers are forced to blink on promotions to drive traffic," says Jeff Black, director at Barclays Capital, who expects holiday sales to be flat with year-ago levels. The tee-up to this year's Black Friday began early, with many retailers pushing holiday ads while pumpkins and Halloween costumes were still on store shelves. (Time.com)
Bank's profit to top 6bn Nov 13, 2009
The Consumers' Association last night accused the four - Royal Bank of Scotland, Lloyds TSB, Barclays and HSBC - of exploiting their "stranglehold" on the high street, as RBS prepared to announce that it clocked up pretax profits of 300 for each of its 20 million customers in 2003 ... Matt Barrett, the boss of Barclays, which itself reported a 40% rise in pre-tax profits to 3. (Yahoo News -- Banking & Financial Services)
The Lloyd giveth and the Lloyd taketh away Nov 13, 2009
The CEO of Barclays, Britain's second-biggest bank, made news by standing at the lectern in St Martin-in-the-Fields on London's Trafalgar Square and declaring that ''profit is not satanic. Such an inept attempt to use Satan as a straw man naturally raises the following question: what the hell is it with all this God talk from the too-big-to-fail club. (Sydney Morning Herald -- Business)
China's Yuan `Straitjacket' Risks Inflating Asset Bubbles as Growth Surges Nov 13, 2009
China wont start allowing gains until the second half of 2010, says , head of China research at Barclays Capital in Hong Kong and former chief of China affairs at the Hong Kong Monetary Authority ... The currency will need to appreciate, says Barclayss Peng, also a former IMF economist. (Bloomberg)
Analysts: Applied to see more job cuts Nov 13, 2009
We were earlier calculating up to 2,000-2,500 headcount reductions based on achieving 2008 EPS and 25 percent operating margin on 2010 revenues,'' said Barclays Capital analyst C.J. Muse. Now, with our calculations based on an improvement in economic trends and hence consensus revenue estimates for Applied (our estimates have gone from $5. (EETimes)
Who Wants Gold Most? Central Banks Nov 13, 2009
This could be a "watershed year," Barclays Capital analyst Suki Cooper wrote in a note to clients. Many experts have turned extremely bullish on gold amid concern about inflation and dollar weakness. (Newsmax)
Dollar takes a breather Nov 13, 2009
77, with Barclays Capital saying this week Aussie's correlation with gold is near historical records ... "The Aussie, like gold, is a good hedge against inflation," Barclays said. (Sydney Morning Herald -- Business)
Online gambling firm in talks with rival Nov 13, 2009
As the FTSE 100 struggled for direction, the day was dominated by multi-million pound share placings in Barclays and PartyGaming. 20 Oct 2009. (Yahoo News -- Gambling & Lottery)
Dollar General prices IPO at $21 per share Nov 13, 2009
Citi, Goldman, Sachs & Co. and KKR, along with BofA Merrill Lynch and J.P. Morgan, are serving as joint book running managers for the offering, with Barclays Capital, Wells Fargo Securities, Deutsche Bank Securities and HSBC acting as co-managers. Dollar General ranks as one of the nation's largest discount retailers with more than 8,700 stores in 35 states. (Nashville Business Journal, TN)
Ameren Energy Prices $250M Senior Notes Sale Nov 13, 2009
The joint book-running managers for the offering are Barclays Capital Inc., Morgan Stanley ncorporated, RBS Securities Inc. and Scotia Capital (USA) Inc.. Ameren shares fell 23 cents to close at $25. (ABC News -- Wire)
Oil lingers below $77 Nov 13, 2009
The immediate floor to prices has been moving up, beyond $70 per barrel and perhaps as high as $75 per barrel,'' Barclays Capital said in a report. Market dynamics have returned to being a fairly relaxed chess game. (India Times)
Bank of America CEO search still looms Nov 13, 2009
Besides Kelly, outside candidates mentioned in media reports as contenders are Bob Diamond, president of British bank Barclays Plc, and Larry Fink, CEO of asset manager BlackRock Inc.. The challenge of hiring an outsider, "will be to convince a candidate with that background to assume the helm given the bank's problems," O'Donnell said. (San Diego Union-Tribune)
Global Banks: A Securities Blanket for Q3 Earnings Nov 12, 2009
Wednesday November 4, 2009. Sngs News November 11, 2009, 5:52PM EST. (BusinessWeek)
Currency speculation drives gold to fresh record Nov 12, 2009
That prompted analysts at Bank of America Merrill Lynch, Societe Generale SA and Barclays Capital to forecast further purchases by central banks, already the biggest holders of gold. Silver futures for December delivery climbed 31. (Sydney Morning Herald -- Business)
* Business Briefs Nov 12, 2009
The effect is negligible in the near term, said Leong Wai Ho (), a regional economist in Singapore at Barclays Plc. There wont be an impact on equities so there wont be much effect on the Taiwan dollar as well. (Taipei Times, Taiwan -- World)
Telesp Drops Most in Six Months as Sales, Profit Trail Analyst Estimates Nov 12, 2009
The revenue miss was broad-based, wrote , a New York-based analyst with Barclays Plc. Monthly subscription and fixed-to-mobile interconnection revenues both fell 10 percent year-over-year and missed our projection by 6 percent and 8 percent, respectively. (Bloomberg -- Latin America)
61 IIM-C students bag international offers Nov 12, 2009
The Royal Bank of Scotland made the largest number of offers from any investment bank, by taking in 11 students, closely followed by Barclays Capital and Bank of America Merrill Lynch. Some of the other financial biggies who made their presence felt included Nomura, UBS, Credit Suisse, JP Morgan Chase, HSBC Global, Macquarie, Rothschild, Morgan Stanley, Deutsche Bank and Goldman Sachs. (India Times)
Lloyds to cut 5,000 jobs Nov 12, 2009
In separate announcements Tuesday, HSBC and Barclays said it was too early to announce a recovery of the retail banking market. Barclays said its profit for the third quarter fell to 1 ... Barclays, which, like HSBC, avoided a government bailout last year said there had been some encouraging signs from the economy but that write-offs for bad loans would remain high at least until the end of the year. (India Times)
Guess? Sets Its Sights on Europe Nov 12, 2009
British consumers initially spurned Guess when the company opened its first store in Covent Garden in 2005, a result of "product design which was done in Florence and reflected a style that may not have been appropriate for northern Europe," said Jeffrey Black, director of equity research at Barclays Capital () in New York in a recent research report. If Guess can keep up its momentum in Europe, it could soon outdistance bigger rivals such as Gap () that have in the region. (BusinessWeek)
Stock questions? Ask Matt Nov 12, 2009
The SPDR Barclays Capital High Yield exchange-traded fund has posted a robust total return of almost 44% this year. Meanwhile, investors who owned a broad basket of bonds, such as Vanguard's Total Bond market ETF have enjoyed much more modest returns of 6. (USA Today -- Money)
Gold climbs on speculation $US will resume slide Nov 11, 2009
"We expect the market to trade around $US1100 for a few days before a run at $US1150" at the end of the month, Barclays Capital said today in a report. US President Barack Obama has increased the nations marketable debt to about $US6. (Sydney Morning Herald -- Business)
VW shares plunge after Qatar sale Nov 11, 2009
Last month, Barclays shares were hit hard when Qatar sold 1. 3bn worth of shares in the UK bank. (BBC News -- Europe)
Tiger's aura strong, at least outside the ropes Nov 11, 2009
Even so, his missed chances in regular tournaments - The Barclays, Tour Championship, HSBC Champions - raises the question of whether Yang's victory at Hazeltine chipped away at Woods' mystique. Remember, Woods had lost only one tournament in his career when leading by more than one shot going into the final round, and that was nine years ago in Germany against Lee Westwood. (News & Observer -- Sports)
Barclays Q3 Profit Down on Credit Losses, Debt Nov 11, 2009
LONDON -(Dow Jones)- U.K. bank Barclays PLC (BCS), which has held up relatively well compared with some domestic peers during the global financial crisis, said Tuesday that impairment charges continued to weigh on its results in the third quarter, although they will peak earlier than expected. The bank's investment banking performance--mostly driven by Barclays Capital--in the quarter disappointed some analysts, though the division continued to be the main earnings driver for the group ... "We... (SmartMoney)
End to Capital Investment Slowdown Removes Weak Link in Economic Recovery Nov 11, 2009
One is capital spending, the other is employment, said , chief economist at Barclays Capital in Tokyo. Capex is starting to come back. (Bloomberg -- Japan)
Banking: Not All Get a Bonus Nov 11, 2009
"For us, it's not what you read in the headlines," said a Barclays Bank () New York City employee in his twenties, referring to anticipated bonus payments for some bankers. He declined to disclose his name or job function, citing a company policy to not speak with the press on compensation matters. (BusinessWeek)
UK: Impairments halve Barclays' profits Nov 11, 2009
Barclays' third-quarter net profit fell 54 percent as impairment charges climbed, the UK bank said yesterday ... Barclays avoided a government bailout last year, instead receiving more than 5bn of capital from Middle Eastern investors. (Business Report, South Africa)
China's Industrial Production, Trade Surplus Climb, Fueling Yuan Pressure Nov 11, 2009
Analysts including , head of China research at Barclays Capital in Hong Kong, argue that a stronger yuan would help deepen a structural shift in the economy toward domestic demand, rather than manufacturing and exports. The Group of 20 last week reiterated its goal of making the world less dependent on both U.S. spending and Chinese savings. (Bloomberg -- Asia)
Barclays says profits slump as bad debts mount Nov 11, 2009
Barclays reported on Tuesday sharp falls for third-quarter net profits as the British banking group's bad debts soared. LONDON (AFP) - Barclays reported on Tuesday sharp falls for third-quarter net profits as the British banking group's bad debts soared ... Barclays said in a statement that profit after tax slumped 54 percent to 1. (Yahoo! Asia News)
