1. The Financial Services Authority and Serious Organised Crime Agency arrested 7 bankers from a South-London insider trading ring who used leaked information between 2007-2009 to profit from major capital raises by Barclays, Mitsui Banking Corporation, Segro, and Taylor Wimpey.
2. The Royal Bank of Scotland, owned 84% by taxpayers, unveiled a rescue plan to issue up to £15 billion in new debt securities, cash, and equities to bondholders to replace existing debts and increase its capital buffer against future losses.
3. Greece's incorrect deficit reporting to the EU put pressure on the euro currency, dividing the French and German governments on how to resolve the issue, with Germany
WF briefing note: The problem with Greece (Apr 2015)World First
Jeremy Cook, Chief Economist at currency experts World First, explores what might happen if Greece left the euro - the so-called 'Grexit'. What would it mean for Greece, the rest of the eurozone and you?
WF Briefing note: The problem with Greece (Apr 2015)Matthew James
World First's chief economist, Jeremy Cook, takes a look at the implications of Greece leaving the euro. Just how likely is a Grexit and what would it mean for Greece and the rest of the eurozone?
WF briefing note: The problem with Greece (Apr 2015)World First
Jeremy Cook, Chief Economist at currency experts World First, explores what might happen if Greece left the euro - the so-called 'Grexit'. What would it mean for Greece, the rest of the eurozone and you?
WF Briefing note: The problem with Greece (Apr 2015)Matthew James
World First's chief economist, Jeremy Cook, takes a look at the implications of Greece leaving the euro. Just how likely is a Grexit and what would it mean for Greece and the rest of the eurozone?
Siemens Negotiates a Eurocurrency Loan- CASE 2 - Problem 2 page.457Aditya sujarminto
Eurocurrency adalah dollar AS atau mata uang konvertibel lainnya yang disimpan di bank luar negara asalnya.
Misalnya : dollar AS di deposito di London atau Singapore, menjadi Eurodollar (awalan Euro ini tidak ada hubungannya dengan mata uang Euro atau Eropa).
Gold prices declined on Wednesday, ahead of the Federal Reserve's highly-anticipated policy statement due later in the day.
On the Comex division of the New York Mercantile Exchange, gold futures for August delivery shed $2.80, or 0.24%, to trade at $1,178.10 a troy ounce during U.S. morning hours. Futures held in a range between $1,177.50 and $1,182.10.
A day earlier, gold prices lost $4.90, or 0.41%, to close at $1,180.90. Futures were likely to find support at $1,168.50, the low from June 8, and resistance at $1,191.80, the high from June 10.
Also on the Comex, silver futures for July delivery dipped 3.2 cents, or 0.2%, to trade at $15.93 a troy ounce. Silver declined 11.8 cents, or 0.73%, on Tuesday to end at $15.96.
‘European financial centres will survive the crisis’ – OPENSALON Jake Fury
European-financial-centres-will-survive-the-crisis%E2%80%99# The Summit on the Global Agenda is the world’s largest brainstorming meeting attened by thought leaders of the World Economic Forum’s Network of Global Agenda Councils.
Greek Public Debt Crisis and Options for a SolutionPhilip Ammerman
Navigator Consulting Group Ltd. presented its economic forecast for Greece and its scenarios for the public debt crisis at a conference organised by the Open University of Catalonia and AENI on May 25-27, 2011.
The theme of the conference was to review the present status of the European public finance crisis and to examine its likely future repercussions and potential solutions.
Navigator’s Hellenic Debt Forecast provides an integrated model for assessing central government debt, tax revenue and expenditure, interest costs, total debt and debt service costs. It is one of the most comprehensive such models available, and is continually updated to reflect the current situation in the country.
The Saturday Economist Bond Market SentinelJohn Ashcroft
This is the Bond Market Sentinel analysis available
to members of the Saturday Economist Club. We monitor ten year gilt and bond yields in the US and the UK together with a look along the yield curve.
For exchange rates check out our weekly exchange rate updates. For the outlook on copper and metals check out our weekly metals update.
The comments on markets should not be construed as the giving of investment advice. Markets do not always behave according to trend.
For the last 6 years, Greece has been a country burdened with bad debt and the threat of default on loans that will take more than a few generations to pay back. During that time, the economy has failed to improve, and again Greece is potentially on the verge of defaulting on its loan obligations, and leaving the European Union.
Siemens Negotiates a Eurocurrency Loan- CASE 2 - Problem 2 page.457Aditya sujarminto
Eurocurrency adalah dollar AS atau mata uang konvertibel lainnya yang disimpan di bank luar negara asalnya.
Misalnya : dollar AS di deposito di London atau Singapore, menjadi Eurodollar (awalan Euro ini tidak ada hubungannya dengan mata uang Euro atau Eropa).
Gold prices declined on Wednesday, ahead of the Federal Reserve's highly-anticipated policy statement due later in the day.
On the Comex division of the New York Mercantile Exchange, gold futures for August delivery shed $2.80, or 0.24%, to trade at $1,178.10 a troy ounce during U.S. morning hours. Futures held in a range between $1,177.50 and $1,182.10.
A day earlier, gold prices lost $4.90, or 0.41%, to close at $1,180.90. Futures were likely to find support at $1,168.50, the low from June 8, and resistance at $1,191.80, the high from June 10.
Also on the Comex, silver futures for July delivery dipped 3.2 cents, or 0.2%, to trade at $15.93 a troy ounce. Silver declined 11.8 cents, or 0.73%, on Tuesday to end at $15.96.
‘European financial centres will survive the crisis’ – OPENSALON Jake Fury
European-financial-centres-will-survive-the-crisis%E2%80%99# The Summit on the Global Agenda is the world’s largest brainstorming meeting attened by thought leaders of the World Economic Forum’s Network of Global Agenda Councils.
Greek Public Debt Crisis and Options for a SolutionPhilip Ammerman
Navigator Consulting Group Ltd. presented its economic forecast for Greece and its scenarios for the public debt crisis at a conference organised by the Open University of Catalonia and AENI on May 25-27, 2011.
The theme of the conference was to review the present status of the European public finance crisis and to examine its likely future repercussions and potential solutions.
Navigator’s Hellenic Debt Forecast provides an integrated model for assessing central government debt, tax revenue and expenditure, interest costs, total debt and debt service costs. It is one of the most comprehensive such models available, and is continually updated to reflect the current situation in the country.
The Saturday Economist Bond Market SentinelJohn Ashcroft
This is the Bond Market Sentinel analysis available
to members of the Saturday Economist Club. We monitor ten year gilt and bond yields in the US and the UK together with a look along the yield curve.
For exchange rates check out our weekly exchange rate updates. For the outlook on copper and metals check out our weekly metals update.
The comments on markets should not be construed as the giving of investment advice. Markets do not always behave according to trend.
For the last 6 years, Greece has been a country burdened with bad debt and the threat of default on loans that will take more than a few generations to pay back. During that time, the economy has failed to improve, and again Greece is potentially on the verge of defaulting on its loan obligations, and leaving the European Union.
This presentation explores the causes of the European debt crisis, timeline of the crisis, its extent, how it is being addressed, who is to blamed for the crisis and how it affects us.
The Impact of the current Greek financial woes on the global econo.docxcherry686017
The Impact of the current Greek financial woes on the global economy
Introduction
Soon after the implosion of Wall Street in 2008, Greece became the focal point of Europe’s debt crisis. In 2009, Greece announced its deficit figures have been understated for years. This raised concerns across the globe regarding the financial state of Greece and eventually resulted in shutting Greece out of borrowing funds from the financial markets.
By the spring of 2010, Greece was veering toward bankruptcy, which threatened to set off a new financial crisis. The European Central Bank, The European Commission and the International Monetary Fund (IMF) issued a bailout of about 240 billion Euros to Greece.
The bailouts came with conditions. Lenders imposed harsh austerity terms, requiring deep budget cuts and steep tax increases. They also required Greece to overhaul its economy by streamlining the government, ending tax evasion and making Greece an easier place to do business.
The bailout funds were meant to buy some time to help Greece stabilize its finances and allay fears of the European Union breaking up. Though the funds helped to a certain extent, the Greek economy had shrunk by a quarter and unemployment had risen above 25 percent.
Many Greeks and economists, blame the austerity measures for much of the Greece’s continuing problems. While creditors such as Germany, blame Athens for failing to conduct the economic overhauls required under its bailout agreement. They do not want to change the rules for Greece
If Greece defaults, what will happen to the economy?
In the wake of becoming one of the first developed nations to default on their international financial obligations, Greek citizens are hoping that their government strikes a deal to help save them. What exactly is going on in Greece that would cause the country to default, one may ask? Over the past few years, Greece has not been performing well economically. They have experienced increasing levels of the unemployment rate, and their banks simply have not been able to endure the financial crisis. An already high national debt has continued to build up, to the point that the payments due by Greece are almost un-payable. At the very least, the inability to repay debt is a bad signal to all countries and business relationships that the Greeks were a part of. If a deal is not met to help the Greek economy with their creditors on actions to help prevent the debt from growing, as well as repayment, there can be serious consequences.
Greece could default without exiting the Euro. In this scenario, the European Central bank would have to decide on whether or not they want to continue bailing out Greek banks, or put a complete end to aiding the Greek economy. Greece could leave the Euro, and form its own currency. This undoubtedly would have even more adverse effects on the Greek economy. If leaving the Euro-zone is imminent, citizens would begin taking their Euros out of banks. ...
Dogma continues to govern the eurozone instead of sound governance and pragmatism. The EUR 85 billion rescue package extended to Ireland the rescue package is not a game changer since it does not improve competitiveness and does not reduce the debt overload, to the contrary: liquidity support does not work out insolvency.
Ireland, PIGS and the eurozone here we areMarkets Beyond
After Greece, Ireland; this now going beyond the means of Europe if Spain and Portugal need to be bailed out. Loans extended to these countries do not solve the root of the problems and the sooner organized negotiations are triggered with creditors rescheduled sovereign debt an,d take an haircut, the better: there is not other way out.
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
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Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
3. 7 bankers of South-London were arrested by the Financial Services Authority (FSA) & Serious Organised Crime Agency (SOCA).
4. The investigation is focused on a period of 3 years. Between 2007 and 2009, there were major capital raisings for three companies. It proceeds Barclays, Mitsui Banking Corporation, the estate group Segro and house-builder Taylor Wimpey.
5. It seems like the largest UK equity deals of recent years leaked to an insider trading ring. They used inside information to place trades for a raising capital and to make a profit.
6. 7 individuals at City Institutions have been arrested on suspicion of being involved in a insider dealing ring. Now they are released on bail. It seems that they made large profits
7. The persons who are involved so far are: - Clive Roberts - Martyn Dodgson, - Julian Rifat, - Graeme Schelley - Ben Anderson - IrajParvizi FSA is looking because there is a list of nine names of suspected traders.
9. The Royal Bank of Scotland exists of 84% by taxpayer 8% is reserve when the bank gets in real trouble.
10. RBC is planning a restructuring of the balance sheet. But RBC needs time till April the 30th to prepare for this rescue plan.
11. The plan is to give the chance to the bondholders to replace up to £15bn of debts. Much of the debt deals with 60 to 70% of face value, RBS offers to buy it back at a discount. The profit will go straight through to the capital so RBS created a larger buffer against bad debts.
12. With this idea they hope to have an increase by £1bn to £1.5bn of their core capital base. Actually they will crystallize a loss , they will offer more than the market price and the bonds will carry a coupon. The bonds will be reverse into new debt securities, cash and equities. It seems like much bondholders will take the offer.
13. RBS examined the contingent capital , considering to replace the £8bn Government line but the finance director, Bruce Van Saun, said they have decided to exclude an instrument because the benefits are minimal.
15. The Greek problem started when its government produced an incorrect budget to the European Commission. Afterwards the real deficits of the country put pressure on the Euro currency, not only because of Greece but also of other mostly Mediterranean countries.
16. The French and German government is deeply divided over the question how to resolve the Greek problem in the European Union. - The eurozone and the Euro currency is facing instability. Nicolas Sarkozy,saidthe eurozone must act firmly to restore the confidence of the investors en the president of the European Central Bank considers the intervention of the IMF as inappropriate.
17. - On the other hand, the German government thinks the Greek should ask the help of the IMF. The future of the euro currency is threatened because not only Greece, but also Spain, Portugal, Ireland and Italy are on the list of vulnerable countries. Some Germans even think Greece should ask for bankruptcy.
18. The European Commission must come to a clear political conclusion and order stricter rules to the member states.
19. Investors still ask important risk premia and the debt interest burden of Greece is to high. The Dutch government is asking for a partly intervention of the IMF, but Spanish and French politicians want to keep the IMF out, because they don’t want to let down a country that is member of the eurozone.
20. Because of the Greek problems, the Euro currency is moving downwards and their might be an important role of hedge funds abusing the credit default swaps of the Greek debts.
21. Greece has to tighten his income by taxes and the rescue packages probably cannot solve the solvency problems of the state. The € 30bn loans by eurozone states will not be sufficient and it is not certain they are legally correct. Some fear it’s a bottomless pit.
22. The IMF would provide a further € 15bn but the conditions are not clear yet. It’s managing director said the deflation (with falling prices) in Greece is necessary. Nevertheless, it should help Greece at least to the end of this year.
23. This is not a typical UK problem but I chose this subject because of its large importance to the whole European Community! The always strong Euro suffered on the international markets
24. 4.Dip in inflation Last February, the Consumer Price Index went down to 3% while it was 3.5% for the last 14 months. There are no access accounts that provide enough interest to make a good return of one’s money.
25. Consequently inflation erodes the value of our money but most people are satisfied with a short-term commitment.
26. Conclusion 1. It is clear that the use of inside information is prohibited. Without punishment of such abuses the pathway would be wide open for further illegal activities. People should have maximal trust in their bankers.
27. 2. It’s smart of the Royal Bank of Scotland to built up a reserve for bad debts. Nowadays you never know what’s going to happen in the economic world.
28. 3. Solidarity between the member states of the eurozone is absolutely necessary to maintain the strength of the Euro currency. These states should be able to resolve their own problems. It’s a sign of weakness that they called for help from the IMF.
29. 4. The situation proves it is still extremely difficult to maintain the value of your money if you only want to use classic investment techniques. On the other hand, stock markets made good profits but many people hesitated to make use of them because of the 2008 crash.