Posts from Tuesday Dec 11 2012

The Closer

ROUND-UP

FT markets round-up: “Better news out of Europe and building optimism that a US budget deal can be reached, alongside hopes for more central bank easing, has extended Wall Street’s latest winning streak. Wall Street’s S&P 500 is gaining 0.7 per cent, its fifth straight day of gains while the FTSE Eurofirst 300 index is up 0.4 per cent and the single currency has advanced 0.5 per cent to $1.3005. Moves across other asset classes mostly point to general bullishness, with “havens” in retreat. The dollar index is down 0.3 per cent and US Treasuries are under pressure, pushing yields up 4 basis points to 1.65 per cent.” (Financial TimesRead more

‘Negative’ has such unfairly negative connotations

Dear people,

ATTENTION:

 Read more

Losing for tax purposes, a diagram

There’s a problem with the Starbucks story, which first broke in mid-October when a Reuters report noted that the company hasn’t been paying corporation tax in the UK due to technically being loss-making.

It’s a real pain to visualise. So FT Alphaville threw this together… Read more

Markets Live: Tuesday, 11th December, 2012

Live markets commentary from FT.com 

The (early) Lunch Wrap

HSBC to pay $1.9bn over money laundering accusations || Asian shares mixed ahead of Fed meeting || Monti in talks to run for PM || StanChart settlements to reach $667m || Optimism over fiscal cliff talks || Treasury to sell final AIG holdings || Little urgency ahead of next EU meeting || China November new loans below forecasts || Mervyn King warns of currency wars  Read more

Losing in the court of public opinion

Who doesn’t enjoy a bit of Starbucks bashing? FT Alphaville has certainly engaged in a spot of “what’s that burnt coffee smell? Oh look, there’s a Starbucks!” on our way to our local caffeine supplier, but we don’t hold a candle to the lethal swarm of British politicians, campaigners and journalists that have surrounded the company of late. Read more

China’s banking Weapons of Mass Ponzi problem pops up again

A somewhat familiar tale of investors who thought their money was safe as a deposit in a state-backed bank… and a curious regulatory response.  Read more

Further reading

Elsewhere on Tuesday,

- Publishing warz: Economists vs computer scientists.

- Robots, recapped.

- Short China stocks, get chased by ‘tattooed gangsters’. Read more

The 6am Cut London

HSBC to pay $1.9bn over money laundering accusations || Asian shares mixed ahead of Fed meeting || Monti in talks to run for PM || StanChart settlements to reach $667m || Optimism over fiscal cliff talks || Treasury to sell final AIG holdings || Little urgency ahead of next EU meeting || China November new loans below forecasts || Mervyn King warns of currency wars Read more