Post Archive

Декабрь 2015

As 2015 draws to a close, it’s time to tally up the best- and worst-performing investments of the year. Here they are, in glorious and sometimes excruciating detail. Currencies While those going long the Somali Shilling saw nice returns in 2015, anyone who thought the Azerbaijani Manat would rise was very wrong. That currency fell to a 20 year low after the central bank relinquished control of its exchange rate. World Equity Indices Jamaican stocks were a pretty good place to invest this year; the island nation’s index rose more than 80 percent. As for losers, political woes and lower

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Huge mega-mergers. Anemic hedge fund returns. Billion-dollar venture capital deals. 2015 was a year of record highs and lows. All data are as of December 15. The totals for mergers and acquisitions and venture capital are based on announced value, with non-U.S. dollar values converted to U.S. dollars at the time of announcement. Mergers and acquisitions data include asset sales. Withdrawn and terminated deals are excluded. Bloomberg counts acquisitions as all transactions involving public or private companies where at least 5% of the equity of a target company is acquired. All acquisitions made by a fund are credited to the

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The Celtic Tiger rises, China holds up, Brazil and Russian sink deeper When the final numbers are tallied, 2015 will probably count as another disappointing year for global growth. The muted performance came even as central banks continued to pump in liquidity, oil prices plunged again and inflation was moderate. It was also a year of divergent performers. While tumbling commodity prices took the shine off big emerging markets Russia and Brazil, other emerging economies like India and Vietnam surprised on the upside. In the developed world, robust U.S. jobs growth prompted the Federal Reserve to tighten monetary policy for

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For the first time since the August collapse, Offshore Yuan is trading over 1000 pips weaker (relative to the USDollar) than onshore Yuan, signalling outflows are once again escalating. Following the chaos in HIBOR money-markets, Offshore Yuan has crashed to 6.5970 (below August spike lows) to the weakest since Dec 2010. On the heels of this recent divergence between on- and off-shore Yuan, China has suspended some foreign banks from FX trading, we suppose to try and stem the capital outflows. Offshore Yuan has crashed to 5-year lows against the USDollar… Read More

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Global corporate debt failures reach highest total since 2009 U.S. issuers accounted for 60 percent of worldwide defaults More U.S. companies have defaulted on their debt this year than issuers from any other country or region, S&P analysts led by Diane Vazza wrote in a Dec. 24 report. As of last week, 111 companies worldwide had defaulted on their obligations, the highest tally since 2009 when the the figure hit 242 for the same period. About 60 percent of this year’s global defaults have come from U.S. borrowers, Vazza wrote, up from 55 percent a year ago, when 33 of

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Доля бедных семей в России за минувший год выросла почти в два раза — с 22 до 39%, этот показатель вернулся на уровень 2009 года. До конца прошлого года доля бедняков лишь уменьшалась О том, что число семей, которым не хватает даже на еду, и тех, кому достаточно средств на еду, но покупка одежды недоступна, за 2015 год выросло почти вдвое — с 22 до 39%, свидетельствуют данные ВЦИОМ. До прошлого года доля бедных семей в России лишь уменьшалась. Если в 2005 году таких семей было 49%, в 2009-м их было 39%, как в нынешнем году, а к концу 2014-го

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