BullFax.com - The Blog
The Caisse de dépôt et placement du Québec, Google, China’s economy and Sensex in Our Daily News for 04/10/2013
The Caisse de dépôt et placement du Québec de depot has joined a group that has a portfolio of 27 apartment properties in key locations in the US. Google could face another antitrust investigation by EU regulators following a complaint by a group of competitors. Economists forecast that China’s economy could reach up to 8.2% growth in 2013, compared to 7.8% in 2012. Yesterday the BSE benchmark Sensex dropped to a seven-month low of 18,226.48, following major loses by IT stocks and more particularly Wipro.
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Junk bonds benefit from lack of options
The lack of cheap capital and lucrative investment options has sent foreign investors back to the US toxic market, reported Financial Times.
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KPMG fires LA audit partner over leak
One of world’s largest auditor companies, KPMG has alleged one of its partners in Los Angelis for disclosing confidential information about its clients to insider trader, reported Financial Times.
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China’s Steel Industry, Margaret Thatcher, Holiday Inn and UPS in Our Daily Round-Up for 04/09/2013
Xu Lejiang, Chairman of Baosteel Group commented that China’s steel industry needs urgent changes and a shift from expansion-driven to innovation-driven development model. Britain’s first female Prime Minister, Margaret Thatcher died yesterday morning at the age of 87. One of the fastest growing hotel chains in the US, Holiday Inn Express will try to revive their once-popular Stay Smart campaign. United Parcel Service (UPS) has questioned a decision by European regulator to block its 5.16 billion euro.
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BlackRock urges Fed to rein in QE3
Rick Rieder, one of Wall Street’s major capital managers appealed to the Federal Reserve to curb its QE3 program, reported Financial Times.
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Reserves: oil well that ends well
The reserve replacement ratio is an indicator for the scope at which companies manage to replace the oil they produce with new supplies.
The benchmark, which shows good health is 100% and if the ratio drops below this range and keep its low levels is a sure indicator for a long-term disaster. Yet this threshold might vary among corporations. For example in 2012, Shell’s replacement ratio was 85%, while ExxonMobil’s was 115%, Chevron’s was 112% and Total’s 93%.
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