Merrill: "Retail REITs – Tough But Stabilizing"

In his first note released in the post Sakwa world, Craig Schmidt continues to attempt to restore confidence in retail REITs. It would, after all, seem prudent to bang clients’ heads into their desks until they see the light at the end of the tunnel (oncoming bullet train?) at a time when the only cash, [...]

Deep Thoughts From Bob Janjuah

pardon the horrendous spelling… but focus on the ideas. Bob is a smart man, even if he was a little overcaffeinated on this particular occasion. Bob’s World: Mini-May turn?05/13 10:59:08 Turning to mrkts, some moans 1st: A – UNEMPLOYMENT – the double digit peaks will happen late next yr. Unemployment is ugly & evil – [...]

Overallotment: May 14

As ZH anticipated, the BGI troubles are much deeper than expected. Barclays urgently selling quant fund BGI, government darlings Blackrock and BONY in line to gobble it up (Bloomberg) Obama says U.S. long-term debt load is unsustainable (Bloomberg) GM says Chrysler-like deal best bankruptcy option (Reuters) Foreign direct investment in China tumbles on crisis (Bloomberg) [...]

The REIT Maturity Crunch In Perspective

As Zero Hedge’s all time favorite investment bank Merrill Lynch is all too happy to attest, the REITs have proven to be a phenomenal source of underwriting revenue. Amusingly, the REITs which face staggering near-term maturities are still unable to access the debt capital markets (with one or two notable exceptions), yet have raised well [...]

Big Trouble In Not So Little Quant Land

Finally coming to mainstream media near you. Now taking bets on who will succeed the mega quants as market liquidity provider once they are made redundant. Read more….

Rushydro plans 19 bln rouble secondary share issue (Reuters via Yahoo! Philippines News)

MOSCOW, April 30 (Reuters) – Russian hydroelectric giant RusHydro said on Thursday it plans a 19 billion rouble ($576.3 million) secondary share issue, and will put the proposal to shareholders at an annual meeting on June 10. Read more….

Rouble fixes at 32.9740/dlr, 43.9810/euro (Reuters via Yahoo! Philippines News)

MOSCOW, April 30 (Reuters) – The Russian rouble firmed in early official trade on Thursday to a weighted average for tomorrow settlement of 32.9740 per dollar compared with 33.2491 in the previous session. Read more….

Dollar weighted mean rate down against rouble in “tomorrow” deals (Itar-Tass)

MOSCOW, April 30 (Itar-Tass) – The US dollar mean weighted exchange rate against the Russian rouble in “tomorrow” deals plunged by 27.51 kopecks and stood at 32.9740 roubles per one U.S. dollar in Thursday’s unified trading session as of 11.30 Moscow time. Read more….

Russian rouble sets 3-mth high as oil recovers (Reuters via Yahoo! Asia News)

MOSCOW, April 29 (Reuters) – The Russian rouble hit a three-month high against the euro/dollar currency basket on Wednesday, boosted by domestic tax payments as well as a rebound in oil prices and global stock markets. Read more….

Rouble fixes at 33.2491/dlr, 43.8351/euro (Reuters via Yahoo! Asia News)

MOSCOW, April 29 (Reuters) – The Russian rouble firmed in early official trade on Wednesday to a weighted average for tomorrow settlement of 33.2491 per dollar compared with 33.5533 in the previous session. Read more….

Rouble fixes at 33.5533/dlr, 43.6737/euro (Reuters via Yahoo! Singapore News)

MOSCOW, April 28 (Reuters) – The Russian rouble eased in early official trade on Tuesday to a weighted average for tomorrow settlement of 33.5533 per dollar compared with 33.3904 in the previous session. Read more….

Swine Flu Sends Mexican Peso Lower in Currency Trading

Peso drops more than any other currency in forex trading An outbreak of swine flu is wreaking havoc in Mexico right now. Mexican assets are threatened as concerns surrounding the deadly flu surface. The Mexican peso has been especially hard hit in currency trading on the FX market. Indeed, the peso has sunk more than [...]

Russia’s Mechel says to issue 45 bln rouble bond (Reuters via Yahoo! Philippines News)

MOSCOW, April 27 (Reuters) – Mechel , Russia’s largest coking coal miner, said on Monday it is planning to issue 45 billion roubles ($1.35 billion) in bonds. Read more….

Rouble fixes at 33.3904/dlr, 43.8938/euro (Reuters via Yahoo! Malaysia News)

MOSCOW, April 27 (Reuters) – The Russian rouble firmed in early official trade on Monday to a weighted average for tomorrow settlement of 33.3904 per dollar compared with 33.4187 in the previous session. Read more….

Japanese Yen Trades Must Gauge Risk and the Currency’s Relation to It (Daily FX)

There is an ongoing debate as to whether the yen is a sensible safe haven currency considering the financial and economic troubles Japan is suffering. Read more….

Japanese Yen Trades Must Gauge Risk and the Currency’s Relation to It (Daily FX via Yahoo! Finance)

There is an ongoing debate as to whether the yen is a sensible safe haven currency considering the financial and economic troubles Japan is suffering. This is argument that will carry over into next week – and just as the market?s tolerance for risk is put to the test through a wave of major fundamental [...]

Rouble fixes at 33.4187/dlr, 44.0470/euro (Reuters via Yahoo! Asia News)

MOSCOW, April 24 (Reuters) – The Russian rouble firmed in early official trade on Friday to a weighted average for tomorrow settlement of 33.4187 per dollar compared with 33.7848 in the previous session. Read more….

Rouble fixes at 33.7848/dlr, 43.9887/euro (Reuters via Yahoo! Singapore News)

MOSCOW, April 23 (Reuters) – The Russian rouble firmed in early official trade on Thursday to a weighted average for tomorrow settlement of 33.7848 per dollar compared with 34.0597 in the previous session. Read more….

Dollar’s average exchange rate against rouble in Tomorrow deals goes down (Itar-Tass)

MOSCOW, April 22 (Itar-Tass) – – The U.S. dollar’s average exchange rate against the Russian rouble in Tomorrow deals stood at 34.0109 roubles for one U.S. dollar in Wedensday’s unified trading session at the Moscow Interbank Currency Exchange (MICEX). Read more….

Rouble fixes at 34.0597/dlr, 44.0193/euro (Reuters via Yahoo! Malaysia News)

MOSCOW, April 22 (Reuters) – The Russian rouble firmed in early official trade on Wednesday to a weighted average for tomorrow settlement of 34.0597 per dollar compared with 34.1043 in the previous session. Read more….

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