After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Spreading risk is crucial if you want to build a stable portfolio December 1, 2010 ONE traditional rule of investing is quite simple. Take your age, subtract it from 100 and invest that percentage of your portfolio in equities and the rest in bonds. When you are young, you have more of your money in stocks, which traditionally perform better over time. As you get older, you move more into [...]
DEBT CRISIS: ALL EYES ON PORTUGUESE November 30, 2010 EUROZONE yields soared again yesterday as Portugal’s hopes of avoiding a bailout appeared to fade. Investors fled from Portuguese, Italian and Spanish debt, sending yields rocketing to their highest levels since the euro started. The yields on Italian and Spanish 10-year bonds also hit record levels against so-called safe-haven German debt. Pressure mounted on Portugal, [...]
MARKETS REJECT IRELAND BAILOUT November 29, 2010 MARKETS rejected the €85bn (£71.6bn) bailout of Ireland yesterday, as traders turned their attention to those countries they think could be next: Portugal, Spain and Italy. EU finance ministers had hoped the deal would inspire confidence, but the FTSE closed down two per cent to its lowest level in two months, while the US’ Dow [...]
Irish insurers in ratings warning November 25, 2010 Five insurers in Ireland have been warned they face downgrades to their credit ratings by Standard & Poor’s following its decision to downgrade Ireland’s sovereign debt. The units are Allianz’s Irish general insurance business and its Worldwide Care business, along with Aviva Insurance Europe, Irish Life Assurance and finally RSA Insurance Ireland. The Irish-based insurers [...]
Insuring euro debt leaps to record highs November 25, 2010 THE cost of insuring Spanish, Portuguese and Belgian debt is at or close to record highs, with Ireland’s bailout crisis spilling into the bond markets of other peripheral Eurozone countries. Ten-year credit default swaps (CDS) on Spanish government debt are at record highs, reaching 312 basis points (bps) yesterday. That means that it costs €312,000 [...]
IRELAND BETS ALL ON DRASTIC CUTS November 24, 2010 THE Irish government today released a four-year austerity plan described as “draconian” and “staggeringly austere” by analysts, with €15bn (£12.6bn) of budget cuts planned by 2014. But the measures failed to placate the markets, where Irish bond yields continued to rise on fears that the government will be unable to get the cuts through parliament: [...]
Irish political turmoil feeds market nerves November 24, 2010 MARKETS remain unconvinced that the Irish government will be able to pass the €15bn (£12.6bn) cuts programme it unveiled yesterday, with Prime Minister Brian Cowen lacking the votes needed to get the measures through parliament. Cowen’s government is already teetering, with the Green Party this week demanding an immediate election once the emergency budget is [...]
Bailout chaos fails to cheer markets November 23, 2010 MARKETS continued to tumble and peripheral Eurozone gilt yields jumped yesterday as Ireland’s political turmoil added to the uncertainty surrounding its bailout. The Eurostoxx 50 saw 1.5 per cent wiped off its value, sliding to 2,745 while the Irish ISEQ 20 index lost two per cent to close at 432. In a sign of contagion [...]
CONTAGION IS STILL A RISK FOR THE EURO November 23, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT AFter several weeks of tense negotiations and turbulence in the credit markets, Ireland accepted a financial aid package from EU and the IMF. Although the size of the deal will not be known for days, analysts put the total at about €100bn – 40 per cent of the [...]
IRISH BAILOUT FAILS TO CHEER INVESTORS November 22, 2010 Markets fall and bond yields continue to rise Cowen resists snap election call ahead of budget UK confirms intention to offer £7bn in loans MARKET turmoil failed to subside yesterday in spite of the announcement of a multi-billion euro Irish bailout. As the Irish governing coalition threatened to fall apart and independent MPs said they [...]