Russia is launching an investment banking beauty parade to help the country launch its first international bond in nearly a decade.
Pimco managing director Bill Gross not only oversees the world’s biggest bond fund, his views often sway markets. In a late December interview with TIME’s John Curran, Gross pointed to the second half of 2010 as a period when investors large and small will reckon with a new reality of poor economic growth and a Federal Reserve that is hard pressed to offer much help.
Video – CNBC.com-More Housing Weakness in 2010?
Outlook for Australian Market
Geely Bid for Volvo Makes Goldman-Backed Boss Disregard Toyota
Asset Allocation Summit Asia 2010 – speakers
ABERDEEN GLOBAL INCOME FUND, INC. ANNOUNCES PERFORMANCE DATA AND PORTFOLIO COMPOSITION
THE Big Mac index is based on the theory of purchasing-power parity (PPP)—exchange rates should equalise the price of a basket of goods in different countries. The exchange rate that leaves a Big Mac costing the same in dollars everywhere is our fair-value benchmark.
A guide to everyones top 10, outlooks, etc….
“Normally, tax-conscious investors toward the end of the year sell CEFs at a lower price than they bought them for. That sale locks in a capital loss. The loss offsets other taxable income.”
The French prime minister, Nicolas Sarkozy, commented that the disparity between the euro and the dollar is creating significant difficulties for some major European companies. He said it was a “considerable problem” for companies that produced in the eurozone but sold in dollars.