• Tim Knight from...
    09/29/2014 - 19:50
    Which brings us to Clinkle, which is a firm founded by a 22 year old with no business successes behind him (which at least Color.com's founder could claim, as he sold his firm to Apple for...

daily highlights

daily highlights
Tyler Durden's picture

Daily Highlights: 6.21.10





  • China kept Yuan's exchange rate unchanged against the dollar, after saying it was unhitching its de facto peg.
  • Crude-oil futures inched closer to the $80/bbl in late Monday morning trading in Asia.
  • Stocks, commodities, US futures rally as China gets Yuan off the USD peg.
  • US corporate defaults have fallen to an annualized rate of barely 1% in 2010; future uncertain.
  • Yuan climbs most in 18 months as China signals end to peg; Forwards jump.
 
Tyler Durden's picture

Daily Highlights: 6.18.10





  • Afghan president Karzai welcomes Japan investment in minerals.
  • Asian stocks mixed, but losses limited as worries over Europe's debt crisis ease.
  • Asia emerging-market stocks, currencies rise on growth; Gold near record.
  • China shares fall as pricing worries for Agricultural Bank IPO linger.
  • EU stress tests face questions over toughness of terms, Government backing.
  • Japan aims to cut company tax toward 25% in strategy to stoke growth.
  • Russia, in need of 'investment boom,' to scrap capital gains tax on foreign investment.
  • U.S. consumer prices fell 0.2% last month, despite higher commodity prices.
 
Tyler Durden's picture

Daily Highlights: 6.17.10





  • Asian shares were solidly higher Wednesday after Wall Street rallied Tuesday.
  • China boosts holdings of US Treasury debt by $5 billion.
  • Euro zone May inflation confirmed at 1.6 pct y/y.
  • France may raise retirement age from 60 to 62 in 2018.
  • Obama says oil spill shows US must cut oil 'addiction’.
  • OECD recommends Dutch workers stay on the job longer, accept less when they retire.
  • Russia preparing to buy Canadian, Australian dollars to diversify reserves.
  • Yen trades near 1-week low on improving global economic outlook.
  • Best Buy Co.'s Q1 profit rose a disappointing 1.3% to $155M despite 6.9% rise in revs.
  • Brazilian meatpacker Marfrig to acquire distributor Keystone Foods for $1.26B.
 
Tyler Durden's picture

Daily Highlights: 6.16.10





  • Asian shares were solidly higher Wednesday after Wall Street rallied Tuesday.
  • China boosts holdings of US Treasury debt by $5 billion.
  • Euro zone May inflation confirmed at 1.6 pct y/y.
  • France may raise retirement age from 60 to 62 in 2018.
  • Obama says oil spill shows US must cut oil 'addiction’.
  • OECD recommends Dutch workers stay on the job longer, accept less when they retire.
  • Russia preparing to buy Canadian, Australian dollars to diversify reserves.
  • Yen trades near 1-week low on improving global economic outlook.
 
Tyler Durden's picture

Daily Highlights: 6.15.10





  • Asian stocks reverse loss on recovery signs; bond risk falls.
  • BoJ will make $32.8B of low-cost funds available to private banks to lend to companies.
  • Brazil, China, and India to see strong growth in agriculture as output remains stagnant among big importers in Western Europe.
  • China's Bank Regulator warns risks growing from real estate 'chain effect'.
  • Euro down to $1.2182 in morning European trading due to Greek finance worries.
  • Fed weighs options in case growth ebbs.
 
Tyler Durden's picture

Daily Highlights: 6.14.10





  • Asian shares were mostly higher Monday, lifted by Friday's mild gains on Wall Street.
  • ECB governor said interest rates in the euro zone will remain on hold for many months.
  • Euro concerns put plan to introduce a single currency for GCC nations on hold.
  • Euro volatility signalling weakness as traders lose confidence in currency.
  • French, German banks continued to hold the greatest exposure to euro-zone countries.
  • South Korea's Won advances on tighter forwards curbs, risk of intervention.
  • Taiwan, China say they reach a basic agreement on reducing trade tariffs.
 
Tyler Durden's picture

Daily Highlights: 6.11.10





  • China May retail sales surge 18.7% from year-ago.
  • China's consumer inflation breaches 3% level- govt's annual target.
  • 'Circuit Breaker' set; rules to ease stock volatility on S&P 500 to begin today.
  • ECB plans new loans, raises 2010 f'cast.
  • Euro climbs to $1.2103 after ECB expanded efforts to make credit available.
  • Geithner says China yuan policy is 'impediment' to global economic growth.
  • Loans in Fed Reserve program aimed at easing European crisis fall to $1.24 billion.
 
Tyler Durden's picture

Daily Highlights: 6.10.10





  • Asian shares were modestly higher with resource stocks leading, but for China.
  • Bank of Korea keeps rate at record low 2 percent amid strong recovery.
  • Bernanke: US recovery on track despite European crisis, high unemployment.
  • Brazil central bank lifts rate to 10.25%, meeting expectations.
  • China posted a trade surplus for a second straight month in May on higher export growth.
  • Euro climbs to $1.2039 on Bernanke remarks, raising hopes in global economy.
  • EU's Internet chief warns states against choosing proprietary software as standards.
 
Tyler Durden's picture

Daily Highlights: 6.7.10





  • Asian stocks, Euro tumble on US jobs report, Hungary debt; Bonds rally.
  • China’s stocks fell to a 13-month low on Chinese banks’ share sales, US econ data.
  • The euro fell, hitting its lowest in more than four years against the dollar.
  • G20 drops support for fiscal stimulus.
  • Germany was close to finalizing a major package of government savings, which would likely cut social welfare, public sector jobs and raise taxes.
  • Zinc smelters in China have idled as much as 8.8% of capacity as prices decline.
  • Agricultural Bank of China, Bank of Communications may raise less than estimated in share sale on market slump.
 
Tyler Durden's picture

Daily Highlights: 6.4.10





  • ADP reported 55,000 gain in private sector jobs and a fall in weekly jobless claims in US.
  • Asian stocks fall led by commodities on fears China’s plans will curb growth will lower demand.
  • China shares flat on worries Europe debt woes might hurt exports, end week down by 3.8 percent.
  • Dollar trades near four-year high against Euro; Won falls on war concern.
  • EU threatens Suez Environnement with fine for interfering with antitrust probe.
  • Eurozone Q1 economic growth confirmed at 0.2 percent despite big drop in debt-laden Greece.
  • Hungary has solvency issues.
 
Tyler Durden's picture

Daily Highlights: 6.3.10





  • Asian stocks rise, default risk falls on US home, car sales; Yen weakens.
  • China warns US over a decision to slap duties on imports of Chinese steel gratings.
  • China plans to subsidize purchases of energy-efficient vehicles to help cut emissions.
  • Chinese tech stocks rise most on govt plans to increase investment in these industries.
  • European stocks climbed, following positive sessions on Wall Street and in Asia.
  • May sales at store open a year or more expected to rise 2-2.5% YoY - ICSC.
  • ARM, IBM and allies announce plans for software venture.
 
Tyler Durden's picture

Daily Highlights: 6.2.10





  • Asian stock markets were mostly lower with the Japanese market somewhat volatile.
  • Australia's economic growth slows in first quarter as businesses cut spending.
  • Corn syrup producers acknowledge opponents are souring US market for common sweetener.
  • EU antitrust regulators to probe Siemens and Areva nuclear non-compete deals.
  • EU ministers affirming commitment to adding western Balkan countries to the Union.
  • Japanese PM will quit in less than nine months after taking office, on US base row.
  • Tobacco loophole in Obama's child health law costs US $250M as companies avoid huge tax hike.
 
Tyler Durden's picture

Daily Highlights: 6.1.10





  • Asian stocks fall on Japan political concern, China growth.
  • China's manufacturing expands at slower pace as economic growth moderates.
  • China supercomputer named second-fastest in global list.
  • ECB expects additional $239.26B in write-downs by European banks.
  • ECB states rating firms aggravates crisis.
  • Euro-zone unemployment tops 10% in April.
  • Euro moved lower against USD, Yen, on German Pres. Köhler's unexpected resignation.
 
Tyler Durden's picture

Daily Highlights: 5.28.10





  • Asia stocks rise for a third day after US shares rally; Euro declines.
  • China's foreign-exchange regulator denied it is reviewing its holdings of euro-zone debt.
  • European banks are increasingly hoarding cash while borrowing far less.
  • Greece may yet have to restructure its debt, despite assurances to the contrary from EU, IMF.
  • Japanese prices decline, unemployment rises in signs recovery is slowing.
  • Workers protested French govt plans to raise the retirement age past 60 years old.
  • BP puts total cost to date at $930M; 'top kill' may take another 24 to 48 hours.
  • KKR, Bain Capital hire Goldman Sachs for a $1B IPO of Toys R Us Inc.
 
Tyler Durden's picture

Daily Highlights: 5.27.10





  • China to have surplus diesel and gasoline next year, accdg. to PetroChina
  • Europe crisis chokes Asia-Pacific loan market on concern exports to slump.
  • Hedge funds inflows to Asian managers will surge this year, accdg. to Barclays
  • Japanese exports increase for fifth month as Asian recovery boosts demand.
  • Asian shares gain as global sell-off eases; Won, Kiwi advance against Yen.
  • China's $300B sovereign fund will maintain investment in Eurozone, Xinhua says.
 
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