June, 2009 | Refinancing - Part 2

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Archive for June, 2009

Markets News Tuesday: Global stock markets to close best quarter since 1987; Boundary Capital seeks to rearrange debt of €38.6m with Anglo Irish Bank

June 30th, 2009

Markets news on stocks, currencies and commodities.

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Finance News

Tuesday Newspaper Review – Irish Business News and International Stories – – June 30, 2009

June 30th, 2009

Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.

Finance News

Japan PMI data shows manufacturing returned to growth in June led by an improvement in external demand

June 30th, 2009

The seasonally adjusted headline Nomura/JMMA Purchasing Managers’ Index (PMI) rose to 48.2 in June, from 46.6 in the previous month, to signal that operating conditions in Japan’s manufacturing sector worsened for the sixteenth month in succession. However, the overall deterioration was the least marked since April 2008, largely reflecting an expansion of output and slower reductions in new orders and employment. Having registered a record low at the beginning of the year, the headline index has now risen for five months in a row and gained over eighteen points.

Finance News

Sovereign bond spreads versus German Bunds in Europe only at historic peaks for Ireland and Austria

June 30th, 2009

 A Deutsche Bank Research report published on Monday says a look back to the early 1990s shows that sovereign bond spreads versus German benchmark Bunds have remained below historic peaks for most economies. In particular, spreads of the Southern European economies (e.g. Italy, Spain, Greece and Portugal) are still far below their pre-Eurozone levels. On the other hand, spreads of Austria – – heavily exposed to Eastern Europe economies – – and Ireland – – in the aftermath of a sever property crash  – – recently exceeded or at least came very close to historic peaks. It asks what are the reasons behind these developments?

Finance News

Partnering between IT and business is critical for success as the economy improves says report; Business in clouds on cloud computing

June 30th, 2009

A report by the Economist Intelligence Unit (EIU) says recessions are an opportunity for companies to reevaluate strategy and trim unnecessary fat from their associations. For information technology (IT) professionals, this means ensuring that all initiatives are clearly tied to a business goal and have metrics to track success – – especially as the economy begins to improve. However, this is easier said than done. Meanwhile, the findings of a survey by UK document management software company,Version One, has discloseed that 41% of senior IT professionals admit that they “don’t know” what cloud computing is. Version One carried out the research with 60 senior IT professionals (IT directors and managers) across a range of UK public and private sector associations. This research follows-on from a similar survey carried-out by Version One which highlights that two-thirds of UK senior finance professionals (finance directors and managers) are confused about cloud computing.

Finance News

International Energy Agency says oil demand could reach 2008 levels in 2012 or maybe after 2014; Crude rises to 8-month high of $73

June 30th, 2009

 The International Energy Agency, the energy watchdog of 28 developed countries including Ireland, on Monday, cut five-year forecasts for global crude demand because of the economic slump, forecasting consumption won’t regain 2008’s levels until 2012 or maybe after 2014 depending on the economic situation. The price of crude jumped above in New York — just below 50% of the the all-time intra-day record of 7.27 in July 2008. Price of crude rises to 8-month high of a barrel following an attack on a Shell Oil facility in Nigeria.

Finance News

World Bank says update of Worldwide Governance Indicators shows mixed record on anti-corruption over past decade

June 30th, 2009

The World Bank says that while this year’s update of the research dataset Worldwide Governance Indicators (WGI) 1996-2008 shows many countries making progress in governance and anti-corruption over the past decade, it also discloses that many countries around the world failed to make such improvements.

Finance News

BBVA’s Board of Directors to meet in Mexico City

June 30th, 2009

The Board of Directors of BBVA will meet next Wednesday, July 8 in Mexico City, as part of its yearly schedule of meetings.

Finance News

U.S. stocks advance on higher oil prices

June 30th, 2009

An attack on oil facilities in Nigeria sent the price of oil higher Monday, boosting energy stocks.

Finance News

Bernie Madoff on the hook for 150 years

June 30th, 2009

Everyone knew that Bernie Madoff was going down – since he had already pleaded guilty to running a fake investment scheme worth between billion and 1 billion.

Finance News