Archive | May 2015

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Japanese consumers remain the weak link

A slew of economic data from Japan painted a widely divergent picture, with industrial production and inflation beating expectations, even as a better jobs picture failed to convince consumers to open their wallets. “It’s still a bit early days,” Kathy Matsui, chief Japan strategist at Goldman Sachs, told CNBC. “We’re just in that transition period […]

GE hires Deutsche to sell Italian lender Interbanca: Sources

General Electric has picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base, two sources familiar with the matter said. Milan-based GE Capital Interbanca specializes in lending and financing transactions for medium-sized Italian firms. It employs around 600 people and […]

Oil price: Why further falls may be on the way

Daniel Acker | Bloomberg | Getty Images Those hoping for a bit of oil price stability after the past few months’ volatility may be disappointed. Next week’s Organisation of Petroleum Exporting Countries (OPEC) meeting is widely expected to be another case of the cartel sitting on its hands, and maintaining levels of oil production despite […]

Fallen Lehman chief opens real estate brokerage

Getty Images Lehman Brothers former Chairman and CEO Richard Fuld. Just seven years after his brokerage firm collapsed under a mountain of troubled mortgages, former Lehman Bros. Chairman and CEO Dick Fuld is back in the real estate business. Last year, Fuld’s financial advisory firm, Matrix Advisors, launched a licensed real estate brokerage and hired […]

Dollar could be getting ready to roar

After a two-month hiatus, the dollar rally looks set to resume and it could be powerful. Since last week, the dollar index has gained nearly 2 percent. But its surge since Friday has some strategists thinking the greenback may have turned and will start leading again, fueled by the prospect of Fedrate hikes. “I think […]

Canada’s economy out of the woods? Think again

Micha Pawlitzki | Photographer’s Choice | Getty Images The state of Canada’s finances is back in focus this week with economists questioning whether the country has managed to combat a worrying rise in private debt. An independent policy think tank, called the Fraser Institute, made headlines last Wednesday when it described concerns as “overblown,” adding […]

Oil is back on the rise, and traders try to predict a ceiling

A quiet consensus appears to be coalescing in the oil market, as some traders now expect mild gains for crude through the summer — and into the rest of the year. That represents a sharp turnaround from earlier in the year, when surging U.S. production, and OPEC’s powerlessness to stop it, sent crude reeling. Although […]