By Kenneth Rapoza, Contributor
Chinese oil demand declined by two percentage points in March to 9.77 million barrels per day, according to the National Bureau of Statistics. But that is only a temporary decline, Barclays Capital said in a note Monday.
From: http://www.forbes.com/sites/kenrapoza/2013/04/15/chinese-oil-demand-in-temporary-decline/
By Business Wirevia The Motley Fool
Filed under: Investing
Taylor Morrison Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange
NEW YORK–(BUSINESS WIRE)– Scottsdale, Ariz.-based Taylor Morrison, a leading builder and developer of single-family detached and attached homes, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “TMHC” after its initial public offering. Barclays Capital is the Designated Market Maker (DMM) for the company’s stock. President and Chief Executive Officer Sheryl Palmer, joined by members of the Taylor Morrison management team, celebrated the company’s first day of trading by visiting the NYSE trading floor for the stock opening and by ringing The Opening Bell®.
Taylor Morrison President and Chief Executive Officer Sheryl Palmer, joined by members of the Taylor Morrison management team, rings the NYSE Opening Bell(R) to celebrate the company’s IPO and first day of trading on the NYSE. (Source: NYSE Euronext photo)
“We welcome Taylor Morrison in joining the NYSE‘s community of listed companies,” said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. With its diverse line of consumer housing, Taylor Morrison offers a suite of brands to best serve the needs of its customers. “We look forward to a successful and lasting partnership with Taylor Morrison and its shareholders.”
For more information on NYSE Euronext’s listings business and to learn about trends in the IPO market, please visit the NYSE Euronext IPO Center.
About Taylor Morrison (NYSE: TMHC)
Headquartered in Scottsdale, Arizona, the Company operates in the U.S. under the Taylor Morrison and Darling Homes brands and in Canada under the Monarch brand. Taylor Morrison is a land developer and builder of single-family detached and attached homes serving a wide array of customers from first-time buyers and move-up families to luxury and active adult customers. Taylor Morrison divisions operate in Arizona, California, Colorado, Florida and Texas. Darling Homes serves move-up families and luxury homebuyers in Texas. Monarch, Canada‘s oldest homebuilder builds homes for first-time buyers and move-up families in Toronto and Ottawa as well as high rise condominiums in Toronto.
For more information about Taylor Morrison, Darling Homes or Monarch, please visit www.taylormorrison.com, www.darlinghomes.com and www.monarchgroup.net.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies.
Source: FULL ARTICLE at DailyFinance
By Eric Volkman, The Motley Fool
Filed under: Investing
Energy Transfer Partners has launched the issue of 12 million common units in a public offering. Additionally, the company’s underwriter has been granted a 30-day purchase option for an additional 1.8 million units.
ETP did not specify the pricing or the exact timing of the offer. The firm’s closing unit price on the day the issue was announced stood at $50.35.
The company said it would utilize the net proceeds of the offering to retire debt drawn from its revolving credit facility, and for “general partnership purposes.”
Barclays unit Barclays Capital is the underwriter of the issue.
The article ETP Floats New Unit Issue originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
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Source: FULL ARTICLE at DailyFinance
From household wealth to spending at stores, many of the U.S. economy’s vital signs have recovered from the damage done by the Great Recession.
Home foreclosures and layoffs have dropped to pre-recession levels. Economic output has rebounded. And the Dow Jones industrial average is in record territory.
So is the economy back to full health? Not quite.
Not with unemployment at 7.7 percent and with 3 million fewer jobs than when the recession began. And while the housing market is improving, that engine of economic growth and job creation still has far to go before it can be declared healthy.
Perhaps the best way to think about the U.S. economy is this: After five painful years, it’s nearly back to where it started when the recession began. What’s different now is that the trends are much healthier. Gone are the fears that the economy could fall into another recession.
“We’ve made a lot of progress,” says Michael Gapen, senior U.S. economist at Barclays Capital.
The recession officially began in December 2007. It ended in June 2009. Here’s a look at ways in which the economy has returned to pre-recession levels and ways it hasn’t:
WHAT’S BACK:
— HOUSEHOLD WEALTH: Americans lost $16 trillion in wealth during the recession, mainly because home values and stock prices sank. Those losses have now been reversed. Household “net worth” reached $66.1 trillion in the final three months of 2012, according to the Federal Reserve. That was just 2 percent below the peak reached in the fall of 2007. And steady increases in stock prices and home values so far this year have allowed Americans as a whole to regain all their lost wealth, though many individual families have yet to recover. Increased net worth is vital to the economy because it typically drives more spending. Net worth equals the value of homes, investments, bank accounts and other assets, minus debts such as mortgages, student loans and credit card balances.
— RETAIL SALES. Just as household wealth has recovered, so has consumers’ willingness to spend more to shop, eat out or go on vacation. That trend has spurred job growth at retailers and restaurants. Retail sales totaled $421.4 billion in February. Adjusted for inflation, that was nearly 18 percent above the recession low and …read more
Source: FULL ARTICLE at Fox US News
Filed under: Economic Indicators, Housing Market, Job Market, Stocks, Economy
By CHRISTOPHER S. RUGABER
WASHINGTON — From household wealth to spending at stores, many of the U.S. economy’s vital signs have recovered from the damage done by the Great Recession.
Home foreclosures and layoffs have dropped to pre-recession levels. Economic output has rebounded. And the Dow Jones industrial average is in record territory.
So is the economy back to full health? Not quite.
Not with unemployment at 7.7 percent and with 3 million fewer jobs than when the recession began. And while the housing market is improving, that engine of economic growth and job creation still has far to go before it can be declared healthy.
Perhaps the best way to think about the U.S. economy is this: After five painful years, it’s nearly back to where it started when the recession began. What’s different now is that the trends are much healthier. Gone are the fears that the economy could fall into another recession.
“We’ve made a lot of progress,” says Michael Gapen, senior U.S. economist at Barclays Capital.
The recession officially began in December 2007. It ended in June 2009. Here’s a look at ways in which the economy has returned to pre-recession levels and ways it hasn’t:
What’s Back:
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
Pinnacle Foods Inc. Celebrates First Day as Public Company on the New York Stock Exchange
NEW YORK–(BUSINESS WIRE)– Parsippany, N.J.-based Pinnacle Foods, Inc., manufacturer and distributor of popular food brands such as Birds Eye®, Duncan Hines®, Vlasic®, Mrs. Butterworth’s® and other well-recognized brands, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “PF” after its initial public offering. Barclays Capital is the Designated Market Maker for the company’s stock.
Pinnacle Foods Inc. CEO Bob Gamgort, joined by members of the company’s leadership team, rings the NYSE Opening Bell(R) to celebrate Pinnacle Foods‘ IPO and first day of trading on the NYSE. (Photo: Business Wire)
CEO Bob Gamgort, along with members of Pinnacle Foods‘ leadership team, celebrated the company’s first day of trading by ringing the NYSE Opening BellSM and visiting the trading floor to observe the stock opening.
“We’re excited to welcome Pinnacle Foods and its family of iconic brands to the New York Stock Exchange,” said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. “Through innovation and a focus on excellence, Pinnacle Foods‘ products continue to grace the nation’s households after more than 150 years. We congratulate Pinnacle Foods on its IPO and are proud to partner with the company as it embarks on its journey as a publicly-traded company.”
“I am honored to represent all employees of Pinnacle Foods who have worked tirelessly to make this day a reality,” said Pinnacle Foods CEO Bob Gamgort. “By reinvigorating our portfolio of iconic brands, we have built a company that can satisfy the needs of our consumers, partner with our retailers and create value for our investors. We look forward to continuing to build the value of this great company for years to come.”
For more information on NYSE Euronext’s listings business and to learn about trends in the IPO market, please visit the NYSE Euronext IPO Center.
About Pinnacle Foods (Source: Pinnacle Foods)
Every day, in more than 85% of American households, consumers reach for Pinnacle Foods brands. Pinnacle Foods is a Top 1000 Company ranked on Fortune Magazine‘s 2011 Top 1000 companies list. We are a leading producer, marketer and distributor of high-quality branded food products, which have been trusted household names for decades. Headquartered in Parsippany, NJ, our business employs an average of 3,700 employees. We are a …read more
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
JMP Group Announces Addition of Jeffrey Porphy to Investment Banking Division
SAN FRANCISCO–(BUSINESS WIRE)– JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, announced today that Jeffrey R. Porphy has joined JMP Securities as a managing director in its investment banking division. Based in the firm’s New York office, Mr. Porphy will focus on mergers and acquisitions and will serve as head of financial sponsors coverage.
“We’re very happy to welcome Jeff to JMP,” said Kent Ledbetter, JMP Securities’ director of investment banking. “Jeff has decades of experience as an M&A banker at top-tier investment banks. His experience and relationships will further enhance our strategic advisory practice and will expand our reach within the private equity and venture capital communities.”
Prior to joining JMP Securities, Mr. Porphy was a managing director serving as head of mergers and acquisitions and head of financial sponsors coverage at Cowen & Co. He was previously a managing director at Barclays Capital, where he served as head of corporate advisory mergers and acquisitions and financial sponsor idea generation. Additionally, Mr. Porphy spent 14 years in various capacities at Credit Suisse, most recently as a managing director and co-head of middle-market mergers and acquisitions as well as head of financial sponsors mergers and acquisitions. During his tenure there, he also served as chief operating officer of the global mergers and acquisitions group and the global industrial and services group, the investment banking department’s largest industry group, and as chief operating officer of the European mergers and acquisitions group. Mr. Porphy began his Wall Street career at Lazard Frères & Co.
About JMP Group
JMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients as well as alternative asset management products to institutional and high-net-worth investors. JMP Group operates through three subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors. For more information, visit www.jmpg.com.
JMP Group Inc.
Investor Relations
Andrew Palmer, 415-835-8978
apalmer@jmpg.com
or
Dukas Public Relations
Media Relations
Seth Linden, 212-704-7385
seth@dukaspr.com
or
Zach Leibowitz, 212-704-7385
zach@dukaspr.com
KEYWORDS: United States North America California New York
INDUSTRY KEYWORDS:
The article JMP Group Announces Addition …read more
Source: FULL ARTICLE at DailyFinance
By Kenneth Rapoza, Contributor
Seasonal shifts in the stock market are coming down the pike, but Barclays Capital says don’t sell just yet. …read more
Source: FULL ARTICLE at Forbes Latest
A new poll finds that the Venezuelan government candidate enjoys a 14 percentage point advantage over his opposition challenger in the run-up to April 14 elections to replace the late President Hugo Chavez.
The poll by the Datanalisis firm found Chavez successor Nicolas Maduro with the support of 49.2 percent of respondents, compared to 34.8 percent for Gov. Henrique Capriles. Released by investment bank Barclays Capital, the poll surveyed 800 people from March 11 to 13 and has a margin of error of 3.4 points.
Maduro swore in as acting leader on March 8 and has made heavy use of state TV and other government resources in his campaign. Capriles lost to Chavez in an October vote by 12 percentage points.
By Kenneth Rapoza, Contributor
The world economy only appears to be falling apart. Apparently, it is not. If you trust investor sentiment from the deep pocket clients at Barclays Capital. …read more
Source: FULL ARTICLE at Forbes Latest
By Kenneth Rapoza, Contributor Emerging markets are looking overstretched heading into the second quarter, Barclays Capital said on Friday. The growth story, focused primarily on a rebounding China, doesn’t have strong legs to stand on. …read more
Source: FULL ARTICLE at Forbes Latest
By Business Wirevia The Motley Fool
Filed under: Investing
CBRE Group, Inc. Announces Completion of Offering of $800 Million of 5.00% Senior Unsecured Notes Due 2023
LOS ANGELES–(BUSINESS WIRE)– CBRE Group, Inc. (NYS: CBG) today announced the completion of the offering of $800 million in aggregate principal amount of 5.00% Senior Notes due 2023 (the “Notes”). The Notes have an interest rate of 5.00% per annum and were issued at a price equal to 100% of their face value. The Notes were issued by the Company’s wholly-owned subsidiary, CBRE Services, Inc., and guaranteed by the Company and its subsidiaries that guarantee its senior secured credit facility, on a full and unconditional basis.
The Company estimates that the net proceeds from the offering will be approximately $785.2 million, after deducting the underwriters’ discounts and estimated offering expenses. The Company intends to use the net proceeds from such offering of the Notes to repay a portion of its outstanding indebtedness under its senior secured credit facilities.
BofA Merrill Lynch, J.P. Morgan, Credit Suisse, Wells Fargo Securities, HSBC, Scotiabank, Barclays Capital and RBS acted as joint book-running managers for the offering of the Notes. The offering of the Notes was made only by means of a prospectus supplement and accompanying base prospectus, which may be obtained for free by visiting EDGAR on the SEC‘s website at www.sec.gov. Alternatively, copies may be obtained from: BofA Merrill Lynch, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, or email: dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the offering of the Notes and the anticipated use of proceeds therefrom. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in the Company’s filings with the Securities and Exchange Commission (the “SEC“). Any forward-looking statements speak only as of the date of the press releases and, except to the extent …read more
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
CBRE Group, Inc. Announces Pricing of $800 Million of 5.00% Senior Unsecured Notes Due 2023
LOS ANGELES–(BUSINESS WIRE)– CBRE Group, Inc. (NYS: CBG) today announced the pricing of its offering of $800 million in aggregate principal amount of 5.00% senior notes due 2023 (the “Notes”). The Notes will have an interest rate of 5.00% per annum and are being issued at a price equal to 100% of their face value. The Notes will be issued by the Company’s wholly-owned subsidiary, CBRE Services, Inc., and guaranteed by the Company and the subsidiaries that guarantee its senior secured credit facility, on a full and unconditional basis.
The Company estimates that the net proceeds from the offering will be approximately $785.2 million, after deducting the underwriters’ discounts and estimated offering expenses. The Company intends to use the net proceeds from such offering of the Notes to repay a portion of its outstanding indebtedness under its senior secured credit facilities.
BofA Merrill Lynch, J.P. Morgan, Credit Suisse, Wells Fargo Securities, HSBC, Scotiabank, Barclays Capital and RBS are acting as joint book-running managers for the offering of the Notes.
The Notes are being offered pursuant to an effective shelf registration statement that the Company previously filed with the Securities and Exchange Commission (the “SEC“). The offering of the Notes will be made only by means of a prospectus supplement and accompanying base prospectus, which may be obtained for free by visiting EDGAR on the SEC‘s website at www.sec.gov. Alternatively, copies may be obtained from: BofA Merrill Lynch, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, or email: dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the offering of the Notes and the anticipated use of proceeds therefrom. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in CBRE Group, Inc.’s filings with the SEC. …read more
Source: FULL ARTICLE at DailyFinance
By Sam Robson, The Motley Fool
Filed under: Investing
LONDON — Shares in Associated British Foods dropped off today as the market opened, as Evolution Securities downgraded the company to an “underperform” rating.
The investment banking firm isn’t the only one that has concerns over ABF recently. In a research note to investors at the beginning of the month, analysts at Barclays Capital reiterated an “overweight” rating on the diversified international food, ingredients, and retail group; Nomura reiterated a “neutral” rating on ABF‘s shares in mid-February; while Jefferies Group reaffirmed a “hold” rating late last month.
ABF has had to face some negative headlines over the last month, having to forcibly deny allegations that it is illegally or immorally avoiding paying millions of pounds worth of tax in Zambia. Elsewhere, it has been slated by the charity Oxfam, as it was billed as the least ethical food and drinks company, with its supply chain slammed, in particular, for a lack of transparency.
Associated British Foods fell 21p, or 1%, to 1,845p after impressive growth so far in 2013 that had seen the multinational company’s share price put on over 300p, boosted by its Primark brand seeing “exceptionally strong” sales.
ABF was one of the FTSE 100’s best performers last year; a forecast yield of 1.7%, as well the company’s three-fold increase in share price over the last five years, gave Associated British Foods its name as a growth share favourite.
If you’re unsettled by ABF following analysts’ downgrades, you could do worse than to check out our latest free report, “The Motley Fool’s Top Growth Share For 2013.“ The company our analysts have pinpointed has lifted its earnings per share by 46% since 2009, and owns subsidiaries that might carry “considerable value” not reflected within the shares. Just click here to get your copy delivered to your inbox immediately.
The article Associated British Foods Falls on Analyst Downgrades originally appeared on Fool.com.
Sam Robson does not own shares in Associated British Foods. The Motley Fool recommends Associated British Foods. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
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Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
Waters Corporation Presentation at the Barclays Capital 2013 Global Healthcare Conference to Be Webcast Live
MILFORD, Mass.–(BUSINESS WIRE)– Waters Corporation (NYS: WAT) John Ornell, Chief Financial Officer, will speak to the investment community at the Barclays Capital 2013 Global Healthcare Conference at the Loews Miami Hotel in Miami, Florida, on Wednesday, March 13th, at 9:00 a.m. eastern time.
Interested investors can access the live webcast of the presentation by logging on to Waters Corporation‘s website, www.waters.com in the investor relations’ section, and clicking on “Barclays Capital Global Healthcare Conference.”
About Waters Corporation:
For over 50 years, Waters Corporation (NYSE:WAT) has created business advantages for laboratory-dependent organizations by delivering practical and sustainable innovation to enable significant advancements in such areas as healthcare delivery, environmental management, food safety, and water quality worldwide.
Pioneering a connected portfolio of separations science, laboratory information management, mass spectrometry and thermal analysis, Waters technology breakthroughs and laboratory solutions provide an enduring platform for customer success.
With revenue of $1.84 billion in 2012, Waters is driving scientific discovery and operational excellence for customers worldwide.
Waters Corporation
Gene Cassis, 508-482-2349
V.P. Investor Relations
KEYWORDS: United States North America Florida Massachusetts
INDUSTRY KEYWORDS:
The article Waters Corporation Presentation at the Barclays Capital 2013 Global Healthcare Conference to Be Webcast Live originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
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Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
Macquarie Announces Senior Hires to Sales and Sales Trading Effort in Boston
NEW YORK–(BUSINESS WIRE)– Macquarie Securities, the institutional equities arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced two senior equities hires in a further enhancement to its Boston-based US equity sales and sales trading team.
These new hires expand on a range of senior leadership appointments the firm made to its US institutional equities business in July 2012.
Ken Savio, Senior Managing Director and Head of Macquarie Securities USA, said: “Ryan and Steven have a proven track record of excellence in servicing top-tier institutional accounts that are important to our firm. The high caliber of their combined experience demonstrates our continued and deliberate effort to recruit outstanding professionals who are able to contribute immediately to Macquarie and enhance our client-focused offering.”
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 13,400 people and has assets under management of over $353 billion (as of September 30, 2012). See www.macquarie.us for more information.
About Macquarie Securities Group
Macquarie Securities Group operates as a global institutional securities house covering sales, research, ECM, execution and …read more
Source: FULL ARTICLE at DailyFinance
By Kenneth Rapoza, Contributor
Anyone in the northeast filling up their house with heating oil knows, oil prices are going higher. What investors know is that crude oil markets have had quite the week, with Brent oil futures settling above the $118 per barrel on most days. With the United States being a net importer of oil, of course, that European Brent crude price is more important that West Texas Intermediate, which is now trading at $96 a barrel. ven though macroeconomic sentiment weakened slightly on the back of poor fourth quarter GDP numbers in Europe, oil continues to get price support from a solid underlying demand-supply equation and ongoing geopolitical elements in the middle east. In this context, last week saw yet another failure in talks between the International Atomic Energy Agency and the government of Iran. No date has been set for future talks and the failure in a negotiated agreement comes just two weeks before more meetings, this time between Iran and the so-called P5+1 (China, France, Germany, Russia, U.K. and the U.S.). That in mind, Barclays Capital told clients in a note on Feb. 15 that supply constraints would serve as strong support for oil prices in the weeks ahead. The full set of supply figures for North Sea oil (Brent basis) for 2012 was released by the Norwegian Petroleum Directorate and these show the country’s production averaging 1.91 million barrels daily of oil and oil equivalents over the year. That figure stands at historic lows and 13% below the country’s own production expectations for the year. Over 2012, output was negatively affected by a multiplicity of technical problems at a variety of fields, including Hog, Oseberg, Vigdis and Troll. Preliminary data for January show total output at 1.85 mb/d, lower on the year by an impressive 255 thousand b/d, though 1% higher than the Directorate’s forecast production for the month. Then there are the ongoing outages in Brazil, Syria and Sudan in non-OPEC nations. As a result, Barclays’ tally of non-OPEC supply disruptions now stands at 875 thousand barrels daily, about 256 thousand less barrels of oil less than the previous month. …read more
Source: FULL ARTICLE at Forbes Latest
By Kenneth Rapoza, Contributor It’s a mixed picture for China‘s finances. At first glance, the balance sheet, what’s visible and trustworthy, looks sound enough. But when you calculate municipal and state debt in the mix, and add a sprinkle of debt from the big four government banks, all of a sudden, China‘s debt looks a lot less sustainable, Barclays Capital analysts from Hong Kong said on Monday.
Source: FULL ARTICLE at Forbes Latest
Courtesy of Rachel Walsh
Source: FULL ARTICLE at AOL
By Eric Savitz, Forbes Staff In the wake of this week’s Consumer Electronic Show, which finishes up today in Las Vegas, Barclays Capital analyst Ben Reitzes has some suggestion on what Apple might want to do fend off growing competition from Samsung and others. He notes that Samsung’s booth was “one of the most crowded […]
Source: FULL ARTICLE at Forbes Latest
