Archive for February 5th, 2010

Ambrose Evans-Pritchard from the Telegraph the UK gives a brutal summary of the folly that is the economies of Portugal, Italy, Ireland, Greece, and Spain. PIGS can’t fly, and for once it ain’t good to be a PIG in… »

Luxembourg and JSE-listed investment company Reinet Investments S.C.A. Depositary Receipts (REI) had a net asset value of Eur12.05 at the end of December, it said on Friday.
In a management statement for the three months ended December, it said the NAV did not include any provision for a performance fee… »

LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I

5 February 2010
Response to press comment
The Board of Liberty International PLC (”Liberty International”) notes today’s press comment in relation to a potential separation of Liberty International into two separate businesses, a shopping centre focused business and a London focused business.
The Board confirms that it… »

Net reserves:
Actual: US$38.6bn
Previous: US$39.0bn

January reserve figures show that the SARB remains inactive in the market.

Net reserves fell slightly from US$39.0bn to US$38.6bn. All of this fall and more was due to the valuation effects of the drop in the gold price and in EUR/USD. Adjusting for these effects we calculate that the SARB… »

The copper price has signalled that it’s bear market rally is over and that in all likelihood it should drop back to at least the lows made in December 2008. It is probably going to be one of the best short sales when there is some to chose from.
Tony… »

The South African Reserve Bank’s (SARB) dollar-denominated holdings of gold and foreign assets declined by US$217 million to US$39.489 billion in January from US$39.706 billion in December, data released on Friday shows.
Net reserves declined $330 million to $38.630 billion.
Foreign exchange reserves were down $124 million,… »

The JSE picked up from where it left off yesterday, straight into the red in the morning session on Friday, tracking global sentiment.
Resource stocks led the local bourse down as Asian stocks tumbled. Markets were set to drift lower ahead of US non-farm payrolls data out later.
… »