Economic Times (March 28)
Regulators suspect a single “trade on Deutsche Bank AG’s credit default swaps… fuelled a global selloff on Friday.” The roughly £5 million bet was for swaps on the bank’s junior debt. Likely due to market illiquidity, along with market jitters, the “knock-on effect was a rout that sent banking stocks tumbling, government bonds higher and CDS prices for lenders soaring.”
Tags: Bonds, CDS, Deutsche Bank, Global selloff, Illiquidity, Jitters, Junior debt, Market, Regulators, Rout, Suspect, Trade, Tumbling
Bloomberg (May 5)
“The collective sigh of relief in markets after Federal Reserve Chair Jerome Powell pushed back against super-sized hike speculation may be short lived.” The strategists “who fear inflation” suspect this is a “false dawn.”
Tags: Collective, Fed, Hike, Inflation, Markets, Powell, Relief, Short lived, Speculation, Strategists, Suspect
Bloomberg (December 18, 2013)
‘Many Chinese consumers underestimate the volume of GMOs in their food, and thus, the debate often lags behind actual situation in China’s kitchens and pantries.” The government is divided on GMOs, which are already pervasive in China. There is broad support from the Ministry of Agriculture and opposition from quarantine officials, who recently stopped 180,000 tons of U.S. corn from entering China. This makes “the anti-GMO justification for blocking the U.S. corn shipments so suspect.” The root cause is likely trade tension and politics.
Tags: China, Consumers, Corn, GMO, Government, Ministry of Agriculture, Politics, Quarantine, Suspect, Trade tension, U.S.
