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Showing posts from December 24, 2012

MarketWatch | Wall Street at Close report (December 24, 2012).: U.S. stocks slide with no budget pact in sight

By Kate Gibson , MarketWatch  NEW YORK (MarketWatch) — U.S. stocks fell on Monday, extending losses into a second session, on worries that President Barack Obama and congressional leaders will not be able to reach agreement to avert steep spending cuts and tax hikes set to start next month .  Outlook 2013: Euro-zone crisis A default by Greece remains a risk while Italy and Spain could pose problems. “There are very few days left in this calendar year, and the rhetoric out of Washington is they are hopeful, yet there is no progress towards getting a deal done,” said Robert Pavlik, chief market strategist at Banyan Partners.  “A lot of folks are fed up with these politicians not being able to work for the benefit of their constituents. We’re telling Europe one thing and we can’t get our own house in order,” he added. The non-partisan Congressional Budget Office forecasts the economy would go into a recession in t

GATA | THE GATA DISPATCH (December 24, 2012). : In gold's own country -- Kerala, India

In gold's own country -- Kerala, India Submitted by cpowell on 05:06AM ET Monday, December 24, 2012. Section: Daily Dispatches By T.P. Sreenivasan The New York Times Monday, December 24, 2012 http://india.blogs.nytimes.com/2012/12/24/kerala-golds-own-country/ KERALA, India -- Lord Padmanabha, the presiding deity of Thiruvananthapuram, also known as Trivandrum, the capital of Kerala, who is depicted as reclining on a gigantic snake, Anantha, suddenly went up in the estimation of his devotees recently, when it was discovered that he has an inestimable treasure of gold in his custody. Kerala values nothing more than gold, and it is comforting for the people of the state to know that their erstwhile rulers too had a fascination for the yellow metal, which they stored in the temple as an offering and as an insurance against famine. The innumerable jewelry shops around the temple and elsewhere in Kerala may be handling as much gold as the temple has ac

Reuters | Deals Today (December 24, 2012).

Insight: Security fears dogged Canada debate on China energy bid OTTAWA (Reuters) - In September, two months after China's state-owned CNOOC Ltd made an unexpected $15.1 billion bid for Canadian energy company Nexen Inc, Canada's spy agency told ministers that takeovers by Chinese companies may threaten national security   ITV to buy majority stake in Gurney Productions of U.S. (Reuters) - Britain's ITV Plc said it will buy a 61.5 percent stake in U.S.-based Gurney Productions, which makes reality programs, for $40 million to boost its production business in the United States. India and Russia seal new defense deals, trumpet partnership NEW DELHI (Reuters) - India agreed to buy dozens of Russian military helicopters and kits for the assembly of Sukhoi jets at a summit in New Delhi on Monday, where the leaders of both countries reaffirmed their commitment to a strategic partnership.   LSE cuts LCH.Clearnet offer by a quarter LONDON

Financial and Forex Info | Kitco Hourly Market Report (December 24, 2012).

Hourly Market Report 24-12-12 Metals Bid Ask Change High Low Gold 1663.80 1664.80 + 6.80 + 0.41 % 1666.80 1655.80 Silver 30.20 30.30 + 0.24 + 0.80 % 30.46 29.93 Platinum 1542.00 1550.00 + 7.00 + 0.46 % 1593.00 1535.00 Palladium 683.00 689.00 + 6.00 + 0.89 % 694.00 679.00 Rhodium 1100.00 1200.00 + 0.00 + 0.00 % 1125.00 1100.00

Money Show Daily Alert Special Edition (December 24, 2012).:

  TODAY'S RELEASES FOR INVESTORS & TRADERS Today's Top Pros' Top Picks Profit from Green Shoots in Nuclear , Benjamin Shepherd Guru's Views and Strategies Outsmart Health-Care Costs , Bob Carlson Tips for Traders The Glitch Who Stole the Mind That Trades , Rande Howell Trading Idea of the Day Drilling Down on Oil , staff of EconMatters Today's Featured Videos & Exclusive Interviews 2013 Outlook for Global Growth , Jim Jubak Revenge of the Income Trust , Roger Conrad An Energy Trend That Runs Deep , Elliott Gue Hope Is Not a Trading Plan , Toni Turner Benefiting From Consistent Losers , Tim Knight EUR/USD—Tips and Trading Strategies , Kathy Lien

MarketWatch | U.S. Market Stocks Future IndIndications.: U.S. stock futures sink on fiscal-cliff fears

By William L. Watts , MarketWatch  FRANKFURT (MarketWatch) — Worries over the fiscal cliff were set to rob Wall Street of Christmas cheer Monday, with stock index futures pointing to a lower start for what will be a shortened preholiday session .  Futures on the Dow Jones Industrial Average DJH3 -0.26% fell 39 points, or 0.3%, to 13,097. S&P 500 futures SPH3 -0.33% dropped 5.6 points, or 0.4%, to 1,420.30, while Nasdaq 100 futures NDH3 -0.43% moved down 11.5 points, or 0.4%, to 2,649. Can Acer's $99 tablet compete? Taiwan PC maker Acer plans to release a low-cost tablet

MarketWatch | Asian Markets at Close Report (December 24, 2012).: Asia stocks tiptoe higher in quiet trade

By Michael Kitchen and V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Asia stocks edged higher in thin holiday-week volume Monday, with gold miners and resource sector stocks among the outperformers as most major markets prepared to go on break.  Hong Kong’s Hang Seng Index HK:HSI +0.16%  ended 0.2% higher, while Australia’s S&P/ASX 200 AU:XJO +0.25%  closed with a 0.3% gain, as both markets traded in a shortened session ahead of a two-day break.  The Shanghai Composite Index CN:000001 +0.27%  improved by 0.3%, while South Korea’s Kospi

NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS (December 24, 2012).: Stabilization Won’t Save Us

            Alert Name: FGC BOLSA- FGC FIN December 24, 2012 Compiled: 12:26 AM Stabilization Won’t Save Us By NASSIM NICHOLAS TALEB (NYT) More stabilization won’t save the economy. We need to decentralize decision making and force all players to put skin in the game. When Prophecy Fails By PAUL KRUGMAN (NYT) The prophets of doom still won’t stop. Economic Reports for the Week of Dec. 24 (NYT) Data on new home sales for November, consumer confidence for December and the Standard & Poor’s/Case-Shiller housing price index will be reported. One Woman’s War on Debt Gains Steam After Years in the Making By ANNIE LOWREY (NYT) Maya MacGuineas is the face of the Campaign to Fix the Debt, a nonpartisan phalanx of chief executives, politicians and economic experts lobbying lawmakers to broker a deal. Albert O. Hirschman, Economist and Resistance Figure, Dies at 97 By WILLIAM YARDLEY (NYT) Mr. Hirschman