December 7, 2010 - U.K. Retail Sales Rose in November on Food, Clothing - U.K. retail sales climbed in November as higher food-price inflation pushed up values and cold weather boosted demand for clothing and footwear, the British Retail Consortium said.
December 2, 2010 - Qatar Shares Advance Most in Almost Two Weeks Ahead of 2022 World Cup Bid - Qatar shares increased the most in more than a week on optimism about the Persian Gulf country’s bid to host soccer’s 2022 World Cup. Industries Qatar, the second-biggest petrochemicals maker in the Middle East, rose a second day and Qatar National Bank, the nation’s biggest lender by assets, gained 1.7 percent.
November 22, 2010 - Saudi King's Travel to U.S. for Medical Treatment Raises Succession Issue - Saudi Arabian King Abdullah bin Abdulaziz left for the U.S. today for medical treatment, raising the issue of succession in the world’s largest oil exporter.
November 20, 2010 - Saudi Arabain Shares Decline to Two-Week Low on China, Ireland, Oil Prices - Saudi Arabian shares dropped to a two-week low as investors coming back from Eid Al Adha holidays voiced concern that Europe’s sovereign-debt crisis and China’s measures to tame inflation will undermine economic growth.
November 18, 2010 - Record Russia Earnings Making Cheapest Stocks Cheaper - Russian stocks, the cheapest worldwide, are getting cheaper after the nation’s companies posted record profits that topped analysts’ estimates by the widest margin in emerging markets.
November 14, 2010 - Mideast Stocks Drop, Led by Israel After Energy Tax Proposal; Emaar Falls - Israeli shares fell to the lowest in more than a month, leading a decline in Middle East stocks, after a government-appointed committee recommended levying a special tax on gas and oil profits. Gulf shares decreased.
November 7, 2010 - Abu Dhabi Shares Advance, Buoyed by Fed Stimulus, Oil Gains; Arabtec Drops - Abu Dhabi stocks rose the most in more than two weeks as global shares and oil gained after the Federal Reserve announced another round of bond purchases to boost the world’s biggest economy. Dubai’s benchmark dropped.
November 5, 2010 - BHP May Fail to Save Potash Bid in `Politicized' Canada Rebuff - BHP Billiton Ltd. may find Canada’s political climate too hostile to overturn the rejection of its $40 billion bid for Potash Corp. of Saskatchewan Inc. should it choose to appeal the decision.
November 4, 2010 - Qatar Stocks Rise to Two-Year High on Global Growth Optimism, Oil Gains - Qatar shares rallied to the highest level in more than two years, leading gains in Gulf markets, after the Federal Reserve expanded measures to boost the world’s largest economy, lifting demand for global shares and crude oil.
October 27, 2010 - Istanbul Developers Aim to Restore Ottoman-Era Glory to Slums - When Emrah Gultekin looks at the crumbling facades, dangling laundry lines and narrow streets of Istanbul’s working-class Balat district, he envisions a prosperous neighborhood with the best views and highest prices in the city.
October 23, 2010 - Venezuela Forecasts Economy to Shrink More Than Expected 2.5% This Year - Venezuela’s economy will contract 2.5 percent this year, contradicting an earlier government forecast for it to grow, because of the global economic crisis, according to the 2011 budget proposal.
October 18, 2010 - Sukuk Entice Canada Issuing $2 Billion to Spread Funding: Islamic Finance - The growing demand for securities that meet Islamic religious principles may lead Canadian governments and companies to start issuing Shariah bonds.
October 14, 2010 - Dubai’s Worst Office Buildings Will Be Empty Forever: CBRE - Some Dubai office buildings are so ill-conceived and poorly located that they will never be occupied, while others may command no more than the cost of maintenance, according to CB Richard Ellis Group Inc.
October 13, 2010 - Turkey Stocks to Breach Barriers, Gain Another 11%: Technical Analysis - Turkey’s main stock index, the world’s second-best performer in the past month, may ignore “overbought” technical indicators and gain another 11 percent from its current record, leading emerging markets in breaching technical barriers, according to Auerbach Grayson & Co.
October 10, 2010 - Dubai Stocks Rise to 5-Month High on Earnings Expectations; Tel Aviv Gains - Dubai shares rose to the highest in almost six months, leading gains in the Middle East, on speculation third-quarter earnings in the United Arab Emirates will beat expectations and after global markets rallied.
October 7, 2010 - Ruble Currency Traders Capitulate as Bullish Bets Increase: Russia Credit - Foreign-exchange traders have capitulated on bets for a weaker ruble and are now more bullish on Russia than most emerging markets as central bank Chairman Sergey Ignatiev pushes appreciation to curb inflation while policy makers from Brazil to South Korea seek to stem gains.
October 4, 2010 - No Shariah Law for Breaking Deals Gets Review: Islamic Finance - The leading global Islamic Finance accounting regulator is introducing conditions for contracts that comply with religious laws, seeking to standardize an industry with $1 trillion in assets under management.
October 1, 2010 - Asian Stocks Climb, Set for Fifth Weekly Gain, on China Manufacturing Data - Asian stocks rose, driving the MSCI Asia Pacific Index to a fifth consecutive weekly advance, as faster-than-estimated growth in Chinese manufacturing bolstered confidence in the global economy.
September 30, 2010 - Ruble Reversing Biggest Drop Since '09 as Oil Spurs Bonds: Russia Credit - The ruble is poised to rebound from its biggest slide since Russia’s credit-crisis devaluation as higher oil prices lure investors to the largest energy exporter and prompt corporate bond sales from OAO Gazprom and VTB Group.
September 29, 2010 - Dubai Financial Market to Meet MSCI Requirements on DvP System, Kazim Says - Dubai Financial Market PJSC plans to move to a so-called delivery-versus-payment system by the end of 2010, a move that may help the market’s inclusion in the MSC
September 28, 2010 - Emerging-Market Stocks Fall Most in 8 Days on Slowing Growth; Ruble Slides - Emerging-market stocks fell the most in eight trading sessions as concern deepened that Europe’s debt crisis and China’s curbs on property speculation will slow global economic growth.
September 27, 2010 - South African Stocks Index Rises to Five-Month High; Sasol, Massmart Move - South Africa’s FTSE/JSE Africa All Share Index rose to its highest intraday level in five months, advancing 275.6, or 1 percent, to 28,990.4 by 12:43 p.m. in Johannesburg. The following were among the most active stocks in the South African market today.
September 26, 2010 - Dubai Stocks Rise to Four-Month High After U.S. Gains, Before Sale of Bond - Dubai shares rose to the highest in four months, leading a Middle East rally, after the emirate’s government was said to be planning a $1 billion bond sale and as global markets advanced, boosting investor confidence.
September 25, 2010 - Saudi Shares Climb to Four-Month High as U.S., Oil Gain; Riyad Bank Rises - Saudi Arabian shares rose to the highest in four months after global markets rallied on reports indicating the U.S. and German economies are growing. The Tadawul All Share Index gauge added 0.8 percent to 6,485.68 as of 12:15 p.m. in Riyadh, the highest level since May 19.
September 22, 2010 - Asian Currencies Rise, Led by Ringgit, as Economic Growth Attracts Funds - Asian currencies rose, led by Malaysia’s ringgit and the Thai baht, after global investors pumped more money into the world’s fastest-growing economies and the U.S. signaled it may boost the supply of dollars.
September 21, 2010 - Worst Over in Global Poll Pointing to Reduced Market Returns - Three out of five global investors say the world economy has weathered the financial crisis and has stabilized two years after the collapse of Lehman Brothers Holdings Inc.
September 20, 2010 - Philippine Equities Rally `Alive and Kicking' on Earnings, Deutsche Says - The Philippine Stock Exchange Index has risen 33 percent this year, the best performer among the 15 biggest Asia Pacific markets
September 21, 2010 - Rents on Best Streets in Tokyo, Seoul Rise as Retail Heads to Asia-Pacific - Tokyo and Seoul moved up in a global ranking of the most expensive store rents as the Asia- Pacific region’s economic outlook made international retailers and luxury brands compete to open stores there.
September 21, 2010 - Worst Over in Global Poll Pointing to Reduced Market Returns - Three out of five global investors say the world economy has weathered the financial crisis and has stabilized two years after the collapse of Lehman Brothers Holdings Inc.
September 20, 2010 - Philippine Equities Rally `Alive and Kicking' on Earnings, Deutsche Says - The Philippine Stock Exchange Index has risen 33 percent this year, the best performer among the 15 biggest Asia Pacific markets
September 20, 2010 - Abu Dhabi Debt Poised for Best Quarter in Year on Economy: Islamic Finance - Abu Dhabi bonds are heading for their best quarter in a year. Union Investment and LCF Edmond de Rothschild CI Ltd. say investors are ready to snap up any new issue from the oil-rich Persian Gulf emirate.
September 17, 2010 - Malaysia's Lowest Sukuk Yields Sending Investors to Dubai: Islamic Finance - Yields on Malaysia’s sovereign Islamic bonds are trading at the narrowest premium to Treasuries since they were sold, giving investors incentives to buy higher- returning sukuk after Dubai World’s debt restructuring agreement.
September 16, 2010 - U.K. Retail Sales Unexpectedly Post First Drop Since January - U.K. retail sales unexpectedly fell in August, the first decline since January, led by a drop in sales at book shops, sporting-goods stores and pharmacies.
September 16, 2010 - Emerging Economies Set to Become Main Engine of Growth - Emerging economies have recovered faster from the crisis than developed countries and are set to become the main engine of growth for the world, leading economists and Chinese officials said today in a panel addressing the outlook for the global economy at the Annual Meeting of the New Champions 2010 in Tianjin,
September 15, 2010 - Japan Sells Yen for First Time Since 2004 to Aid Growth - Japan intervened in the foreign- exchange market for the first time since 2004 after a surge in the yen to the strongest against the dollar in 15 years threatened to stunt the nation’s economic recovery.
September 13, 2010 - World shares gain on economic optimism - World stock markets climbed Monday as robust Chinese economic indicators boosted confidence in the economic recovery and the announcement of a gradual implementation of tougher capital adequacy rules lifted banks. Oil prices, meanwhile, surged above $77 a barrel, extending gains for a second trading day after a leak forced the closure of a Chicago-area oil pipeline and disrupted supplies to U.S. Midwest refineries.
September 13, 2010 - Emerging Market Stocks Enter Bull Market After Advancing 20% From May Low - Emerging-market stocks rose, with the benchmark index entering a so-called bull market, after data on China’s industrial production, retail sales and lending eased concern the global economic recovery will falter. The MSCI Emerging Markets Index added 1.4 percent to 1,027.56 at 3:38 p.m. in Singapore. Advances today took the gauge’s rebound from its recent low to 20 percent, the level considered by some analysts as signifying a bull market.
September 11, 2010 - Dubai World Says Debt Accord With Creditors to Boost Confidence in Emirate - Dubai World’s approval from creditors to change the terms on $24.9 billion of debt is likely to boost confidence in the debt-laden emirate and its banks, according to UBS AG and Moody’s Investors Service.
September 10, 2010 - Emerging Stocks Rise a Second Day on Recovery Bets, Extending Weekly Rally - Emerging-market stocks advanced for a second day and currencies strengthened after data on China’s imports, Japan’s economic growth and U.S. jobless claims boosted investor confidence in the global economic recovery.
September 9, 2010 - Bovespa Fluctuates as Interest-Rate Prospects Offset Petrobras Decline - Brazilian stocks fluctuated from gains to losses after a fall for Petroleo Brasileiro SA offset a signal in central bank minutes that policy makers will end interest-rate increases this year.
September 9, 2010 - U.K. Trade Deficit Widened to Record in July as Imports Surged - The U.K.’s trade deficit widened to a record in July as purchases of chemicals and oil drove imports to the highest level in two years. The goods-trade gap widened to 8.7 billion pounds ($13.4 billion) from 7.5 billion pounds and June, the Office for National Statistics said today in London
September 5, 2010 - Manufacturing in U.K. Grew at Record Pace in Third Quarter - U.K. factory production grew at a record pace in the third quarter on surging export demand, the Engineering Employers Federation said. The number of manufacturers saying sales rose in the three months through September exceeded those reporting declines by 33 percent, compared with 30 percent in the second quarter, the EEF and accountancy firm BDO Stoy Hayward LLP said in a quarterly survey released today in London. That’s the highest since the report began in 1995. A gauge of exports also rose to a record.
September 5, 2010 - Asia Stocks Post Weekly Gain on Japan Stimulus Plan, Manufacturing Growth - Asian stocks rose, lifting the MSCI Asia Pacific Index to its biggest weekly increase in three, as Japan said it’s ready to act to rein in the yen and reports showed growth in Chinese and U.S. manufacturing.
September 5, 2010 - Israel Shares Lead Mideast Gains on Gas Find, U.S. Data; Qatar Advances - Israel shares rose to the highest since May, leading a rally in the Middle East, after growth in U.S. private employment boosted optimism that the world’s biggest economy will avoid a recession. Qatari shares advanced.
September 5, 2010 - Canada's Dollar Strengthens for First Week in a Month After U.S. Adds Jobs - Canada’s currency strengthened for the first week in a month versus the greenback after a report showed U.S. employers added more private jobs than economists forecast, boosting stocks and brightening the outlook for trade between the two nations.
September 3, 2010 - Asian Stocks Rise for Third Day on U.S. Home Sales, Falling Jobless Claim - Asian stocks rose, led by technology companies, after U.S. reports showed an unexpected increase in pending home sales and improved retail sales. -
September 2, 2010 - This Time It's Different, as Emerging Stocks Top World - Emerging-market stocks are trading at the highest valuations relative to advanced-country shares in more than two years as faster economic growth persuades the biggest investors to look past historical sell signals.
August 29, 2010 - Indian Commodity Bourse to Take Anil Ambani's Company as Anchor Investor - The India Commodity Exchange Ltd., founded by Indiabulls Financial Services Ltd., said it plans to take billionaire Anil Ambani’s company as an anchor investor.
August 29, 2010 - India's Inflation Slowing After Rate Increases, RBI Governor Subbarao Says - India’s economic growth is gathering strength and inflation is cooling because of monetary tightening and “improved supply position,” central bank Governor Duvvuri Subbarao said.
August 29, 2010 - Saudi Shares Gain Most in One Month on Oil Price Rally, Bernanke Comments - Saudi Arabian shares rose the most in a month, after U.S. and European markets advanced and oil prices rallied on a pledge by Fed Chairman Ben S. Bernanke to maintain the U.S. economic recovery.
August 26, 2010 - Emerging Stocks Fall a Fourth Day on Mounting Concern Over Global Recovery - Emerging-market stocks fell for a fourth day, the longest losing streak in two months, as lower- than-estimated orders for U.S. durable goods and a drop in South Korean consumer sentiment eroded investor confidence.
August 24, 2010 - Asian Stocks Slump on U.S. Growth Concern; Nikkei 225 Enters Bear Market - Asian stocks fell amid speculation a U.S. home sales report today will provide more evidence the global economy is faltering. Benchmark indexes in Japan and Vietnam slumped into bear markets.
August 23, 2010 - Loonie Nears Weakest in Month After Revised Bank of Canada Expectations - Canada’s dollar touched the weakest level in a month as crude oil declined and traders repriced expectations for Bank of Canada interest-rate increases in light of economic data that suggests a slowing recovery.
August 22, 2010 - South American crude steel output up 33.2% in first half - South American crude steel production totaled 21.3Mt in the first half, an increase of 33.2% year-on-year, according to the latest figures from the World Steel Association (worldsteel) Production in June jumped 34.4% to 3.71Mt from 2.76Mt in the same month of 2009, the association said in a release.
August 22, 2010 - Asian Currencies Rise This Week, Led by Baht, on Growth Outlook, Inflows - Asian currencies gained this week, led by the Thai baht and Malaysia’s ringgit, as regional growth that’s forecast to surpass developed markets and relatively high yields attract investors.
August 22, 2010 - Canada's Dollar Touches Lowest in Month After Report Shows Inflation Slows - Canada’s currency depreciated to the lowest level in a month after a report showed inflation in July rose less than some economists anticipated, prompting traders to trim bets on Bank of Canada interest-rate increases.
August 19, 2010 - Ringgit Hits 13-Year High as Controls Eased, GDP Rises More Than Forecast - Malaysia’s ringgit climbed to a 13- year high after the central bank reported better-than-estimated economic growth and further relaxed foreign-exchange controls imposed in 1998 at the height of the Asian financial crisis. The economy expanded 8.9 percent last quarter, beating the 8.4 percent median forecast in a Bloomberg survey of economists. Domestic companies can now settle cross-border transactions in ringgit and exporters can hedge currency risks beyond a previous 12-month threshold, Bank Negara Malaysia said yesterday, driving the currency up 0.2 percent to 3.1335 per dollar.
August 18, 2010 - Vietnam Devalues Its Currency as Equities Approach Bear Market - Vietnam devalued its currency for the third time since November, moving to reverse a slump in exports that helped to drive stocks close to a bear market.
August 17, 2010 - Russia's Micex Stock Index Advances Most in a Week on Higher Oil, Metals - Russian stocks advanced the most in more than a week as oil rebounded from a five-week low and metals advanced, boosting the outlook for commodity producers.
August 14, 2010 - Norway: Fjords, Oil, And Plenty of Jobs - The offices of NAV, Norway's national employment agency, may be one of the loneliest places in the country. With Western Europe's lowest jobless rate—3.7 percent, vs. 10 percent in the 16-nation euro zone—Norway doesn't have a lot of people looking for work.
August 14, 2010 - Saudi Arabian Stocks Drop for Fifth Day on Concern Global Recovery Slowing - Saudi Arabian shares declined for a fifth day, led by petrochemicals companies and banks after U.S. and European markets retreated this week on concern the global economic recovery is slowing. Saudi Basic Industries Corp., the world’s largest petrochemicals maker known as Sabic, led the retreat, followed by Samba Financial Group and Riyad Bank. The 143-company Tadawul All Share Index lost 1.8 percent to 6,079.4, the lowest since July 21, at 12:31 p.m. in Riyadh.
August 10, 2010 - BRICs Losing to Turkey in Stocks as Indonesia Swaps Beat Russia - Indonesia and Turkey are beating the world’s biggest emerging markets by almost any financial measure, even while they may be too small to join the BRICs.
August 10, 2010 - Egypt Inflation Unchanged at 10.7% in July, Matching Economists' Forecast - Inflation in Egypt remained unchanged in July, supporting the central bank’s decision to keep its benchmark interest rate at the lowest level since 2006. Urban inflation, the main rate monitored by the central bank, was 10.7 percent in July.
August 10, 2010 - BRICs Losing to Turkey in Stocks as Indonesia Swaps Beat Russia - Indonesia and Turkey are beating the world’s biggest emerging markets by almost any financial measure, even while they may be too small to join the BRICs.
August 10, 2010 - Egypt Inflation Unchanged at 10.7% in July, Matching Economists' Forecast - Inflation in Egypt remained unchanged in July, supporting the central bank’s decision to keep its benchmark interest rate at the lowest level since 2006. Urban inflation, the main rate monitored by the central bank, was 10.7 percent in July.
August 7, 2010 - Ringgit Rally Boosts Sukuk as Yields Tumble: Islamic Finance - Asia’s best-performing currencies are luring funds to local Islamic bonds in Malaysia and Indonesia, helping to drive benchmark yields to the lowest levels in more than a year. The yield on Malaysia’s five-year ringgit-denominated sukuk declined 33 basis points, or 0.33 percentage point, this year to 3.51 percent yesterday after touching its lowest since March 2009 at 3.5 percent on July 23, according to data from the central bank.
August 6, 2010 - Opalesque TV highlight Agriculture investing through interviews with Hedge Fund Managers in that business
August 5, 2010 - Brazil Real Fluctuates as Rate Outlook Offsets European Crisis - Brazil’s real fluctuated between gains and losses as speculation policy makers will lift interest rates to cool growth was offset by concern the European credit crisis will slow global growth.
August 5, 2010 - Turkish Lira’s Rally Pits Trade Minister Against Central Bank - The Turkish lira’s best winning streak in five years has provoked a spat between Trade Minister Zafer Caglayan and the central bank. A widening current-account deficit may favor those wanting a weaker currency.
August 5, 2010 - Mexico Peso Rises a Fourth Day as Investors Seek Higher Yields - Mexico’s peso rose for a fourth day, the longest winning streak in a month, as investors seek higher- yielding, emerging-market assets.
August 5, 2010 - Canadian Dollar Reaches Strongest Close Since May as Risk Demand Gains - Canada’s dollar strengthened to the highest close versus its U.S. counterpart since May as crude oil traded near highs and economists estimated a report this week will show the nation added jobs for a seventh straight month.
August 4, 2010 - Real Falls as Brazil's Industrial Output, U.S. Home Sales Drop During June - Brazil’s real fell for the first time in four days as drops in industrial production and U.S. existing home sales fueled concern that the global recovery is slowing, prompting investors to sell emerging-market assets.
August 2, 2010 - Saudi Arabia Shares Rise to 1-Month High on Global Stocks Rally; Oil Gains - Saudi Arabia’s shares rose to the highest in more than a month, helping lead an advance in Gulf markets, as global equities rallied and earnings in Europe boosted investor confidence. Oil gained to a three-month high. Saudi Basic Industries Corp., the world’s biggest petrochemical maker, closed at the highest in almost three weeks. Saudi Arabian Mining Co., the state-controlled metals producer known as Ma’aden, climbed for a fifth day. The Tadawul All Share Index advanced 0.3 percent to 6,332.45 at the 3:30 p.m. close in Riyadh. Qatar’s QE Index gained 0.4 percent and the Bloomberg GCC 200 Index rose 0.3 percent.
August 2, 2010 - Turkish Central Bank Increases Daily Dollar Purchases to Build Reserves - Turkey’s central bank increased its daily purchases of dollars from the market, taking advantage of a stronger lira to build up reserves. The bank will buy $40 million a day, with an option for an additional $40 million, starting tomorrow, it said in an e- mailed statement from Ankara today. Previously, the bank had bought as much as $60 million a day.
August 1, 2010 - Turkish Stocks at Record High Lure Templeton’s Mobius - Templeton Asset Management Ltd.’s Mark Mobius plans to increase his holdings of Turkish stocks, which rank among the cheapest in emerging markets even after gains pushed prices to record highs. Turkey’s ISE National-100 index rose 15 percent this year, the most among major European gauges, to an all-time peak Friday. Valuations at 10.7 times reported earnings, the highest since March, are 30 percent below the 15.3 times multiple for the benchmark MSCI Emerging Markets Index, according to data compiled by Bloomberg.
July 25, 2010 - Tehran Stock Exchange Starts Futures Trading to Attract Foreign Investors - The Tehran Stock Exchange, home of the world’s second-best performing equity index, today begins offering derivatives based on Iranian banks to diversify its market and attract foreign investors.
July 25, 2010 - Vietnamese Inflation Slows, Supporting Government's Push for Faster Growth - Vietnamese inflation cooled for a fourth month, a slowdown that may ease concerns the government’s focus on stoking economic growth will revive price pressures. Consumer prices rose 8.19 percent this month from a year earlier, according to figures released today by the General Statistics Office in Hanoi. The inflation rate in June was 8.69 percent, according to previously reported data. Prices climbed 0.06 percent in July from June.
Disclaimer
The contents of this presentation contain statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding future economic events, or the assumptions underlying any of the foregoing. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results.
Actual results, performance or achievement could differ materially from those expressed in, or implied by, any forward-looking statements made and, accordingly, viewers should not place undue reliance on any such forward-looking statements. New factors emerge from time to time, and it is not possible for anyone to predict all of such factors and to assess in advance the impact of each such factor on any of the financial or commodity markets.
This is not investment advice and you need to review this information with your tax, legal and financial advisors before acting upon this information.