Investors should sell any equities bought over the past year, hold the proceeds as cash and take a holiday from the market for six months, according to Steen Jakobsen, Saxo Bank A/S’s chief economist.
Verizon to deploy on U.S. ultra-longhaul optical network for improved flexibility and agility of service delivery, scale and efficiency
Look for EXC to take a hit next week.
Forget oil it will be about uranium. If the Obama administration and Iran get an agreement sell your oil stocks and buy uranium mining stocks. Iran will keep their programs running full stream ahead and Israel, Saudi Arabia, Egypt and the other countries around Iran will have to start their own nuclear programs. You see it is not going to be about oil it will be about uranium.
Greek companies and households pulled #$%$7.6 billion out of their bank accounts during the government's standoff with its international bailout creditors in February, driving deposits down to #$%$140.5 billion — the lowest level in 10 years.
Backed by cheap funding and a huge home market, an army of mostly state-owned Chinese companies has marched beyond its borders, snapping up assets in a decade-long $391 billion shopping spree.
"This way we always got a new car, and I didn't have to worry about any expense on it,"
Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.
It will force banks such as Wells Fargo & Co. and Banco Bilbao Vizcaya Argentaria SA, which depend mostly on deposits for funding, to replace them with costlier bonds.
Beijing, where pollution averaged more than twice China’s national standard last year, will close the last of its four major coal-fired power plants next year.
The deal agreed with Pirelli shareholders on Sunday is the latest in a string of takeovers in Italy by cash-rich Chinese buyers, who can take advantage of a weak euro just as signs emerge that Europe is coming out of economic stagnation.
Global institutions, including the International Monetary Fund (IMF) and the World Bank, have endorsed a China-led international bank, despite opposition from the U.S.