Archive for May 14th, 2010

Horrible. A brutal session, led by the disappearing Euro. Data from Inet Bridge, commentary from a local economist stuck in New… »

Andrew Jennings has been chasing bad blokes for 30 years. He can’t stand Sepp Blatter, the president of the football world governing body, and from his point of view with good reason. We chat about WHY a BANK and the INTERNET was used to sell tickets in a 3rd world country ie South Africa, plus… »

London’s leading share index fell by more than 100 points today as the euro crashed to an 18-month low against the dollar over fears a €750 billion (£650 billion) rescue package may not be enough to stem the eurozone debt crisis.

The FTSE 100 index tumbled by 102.6 points to 5,331.17 by mid-morning and the euro… »

Outlook And so it begins. For months, no politician was prepared to say which departments would face spending cuts as Britain battles to bring down the deficit. Within 24 hours of taking office as the new Secretary of State for Health, Andrew Lansley was yesterday conceding the NHS would see cuts… »

PORTUGUESE leaders agreed to tough austerity measures yesterday, joining a co-ordinated euro- zone push that has calmed market fears of a spreading Greek-style crisis but provoked talk by Spanish unions of a general strike.
Click here for full… »

Johannesburg, May 14 (I-Net Bridge) - Logistics group Cargo Carriers (CRG) advised Friday that its headline earnings per share for the year ended February 2010 are respectively expected to be between 130-140% higher than the previous year. Its earnings per shares are expected to be between 50-60% higher.
The directors said they are… »

WASHINGTON — The Wall Street investment banks at the center of the subprime mortgage meltdown face broadening state and federal inquiries into whether they duped investors into buying dicey mortgage securities or manipulated ratings agencies into bestowing investment grades on those faulty products.

The Justice Department and the Securities and Exchange Commission have expanded… »

Tongaat Hulett 15-mo HEPS seen up 34-38%
Johannesburg, May 14 (I-Net Bridge) - Sugar producer Tongaat Hulett (TON) said Friday that its headline earnings for the 15 months to end March 2010 are expected to be between 840 million and 860 million rand, which is 34% to 38% above the corresponding previous 15… »

— Weekly treasury bill auction.
WHAT TO WATCH FOR:
With no local data due today, local markets will be looking to their international counterparts to provide some direction.
It has been a rollercoaster ride this week, but markets seem to have settled in the past day or so, although there are still lingering worries about … »