Carlyle exec sees lower returns for PE industry - November 15, 2007 11:00

HONG KONG (Reuters) – The private equity industry is likely to see lower returns in coming years as it faces challenges, including more costly debt, Carlyle Group co-founder David Rubenstein said on Thursday. Read More…

Sharp rise forecast in platinum price - November 15, 2007 11:00

Sharp rise forecast in platinum price Extract not available. Source: c.moreover.com Commodities Report GOLD rose 2% yesterday, having briefly tested below $800/oz, as a weakness in the dollar and a rise in oil attracted investors into the market. Analysts said the market would target a recent 28-year high of $845,40/oz in the coming weeks and […]

GE fund investors liquidate holdings - November 15, 2007 9:00

GE fund investors liquidate holdingsUS conglomerate says GEAM Trust, its short-term bond fund, ran into trouble due to losses on asset-backed securitiesSource: www.ft.com

Barclays makes subprime writedown - November 15, 2007 9:00

LONDON (Reuters) – Barclays Plc , Britain’s third-biggest bank, said its investment bank unit made a 1.3 billion pound ($2.7 billion) writedown due to its exposure to credit market problems in the four months to the end of October. Read More… SEOUL (Reuters) – Citibank will “aggressively” consider launching a holding company in South Korea, […]

OPEC rules out production increase - November 15, 2007 9:00

OPEC rules out production increase OPEC Secretary General Salim al-Badri made this statement while responding to a call by US Energy Secretary Samuel Bodman, who Tuesday asked OPEC to increase its crude oil output to meet falling stock levels and spiralling prices. Al-Badri said there was Source: c.moreover.com AP: Soybean prices jump as crude oil […]

Is Ben Bernanke Getting Undeserved Criticism? - November 14, 2007 23:46

As the markets rock and roll from one event to another hopefully readers kept a close eye on the $/Yen rate that we discussed in the previous letter. It certainly helped me, there is nothing like a bit of carry trade unwinding to help with market direction.

Financials spur European equity rebound - November 14, 2007 15:00

European equities rose sharply, led higher by banks following reassurances from HSBC and Goldman Sachs over their exposure to credit market losses Read More…

HSBC profit up as U.S. bad debt charge jumps - November 14, 2007 15:00

LONDON (Reuters) – HSBC Holdings Plc , Europe’s biggest bank, said its third-quarter profits were ahead of last year’s and revenue growth across the group offset a jump in its charge for bad debts in the United States. Read More…

Futures flat after rally as retail data eyed (Reuters) - November 14, 2007 15:00

Futures flat after rally as retail data eyed (Reuters) Reuters – Stock futures were little changed on Wednesday, with investors cautious before retail sales data that could give clues about the health of the consumer, a day after higher-than-expected earnings from Wal-Mart Stores Inc. offered some optimism. Source: news.yahoo.com