Posted in: The Current Account
Posted by: Wayne Arnold on March 7, 2010 9:45 AM
Tags:
Abu Dhabi, Argentina, bailout, Canada, debt restructuring, DP World, Dubai, Dubai World, Ian Munro, IPO, Korea, law, LSE, MAC Capital Advisors, P&O, Russia, Saud Masud, stocks, transport, UBS, UK, Vietnam
The National reports today that DP World is looking to become one of the top 100 largest companies on the London Stock Exchange once it achieves a listing there later this year. Oh, and its parent -- Dubai Government-owned Dubai World -- might sell part of the company to make it happen.
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Posted in: The Current Account
Posted by: Wayne Arnold on March 6, 2010 9:30 PM
Tags:
agriculture, airlines, bailout, banks, Belgium, credit-default swaps, debt, Dole Foods, EU, Euro, executive compensation, Express, fiscal policy, France, Germany, Goldman Sachs, Greece, insurance, IPO, iTraxx, Lloyd Blankfein, lottery, Portugal, retail, securitisation, Spain, stock, textiles, transport, US
My bathroom
scales disclosed recently that I have added a few unwelcome kilos. I
can't
prove anything yet, but I am pretty sure that Goldman Sachs is behind
it.
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Posted in: The Current Account
Posted by: Wayne Arnold on March 6, 2010 3:40 PM
Tags:
AIG, Apple, BMW, Boeing, bonds, Deutsche Bank, Europe, Ford Motor, Greece, insurance, model portfolio, stocks
Boom! Jumping into equities last month paid off big, with fat profits on Apple (love those iPhones!), Deutsche Bank, Ford (our cars only accelerate when you want them to) Motor, and Boeing. As a result, the model portfolio has fought back up to summer 2008 levels, while the broader market is still struggling to achieve pre-Lehman recovery. Granted, the S&P500 has kicked tail on the model in the past 12 months, but the model is outperforming so far this year.
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Posted in: The Current Account
Posted by: Wayne Arnold on March 1, 2010 1:08 PM
Tags:
Abu Dhabi, banks, bonds, debt, debt restructuring, department of finance, Deutsche Bank, Dubai, Dubai World, Financial Support Fund, haircut, IMF, Japan, loans, Mohamed Jaber, Morgan Stanley, Nakheel, property, Saud Masud, UAE, UBS, UK
I know, I know, gems don't come out of goldmines. But the IMF's
latest Article IV report on the UAE keeps yielding big fat rocks
of precious detail about Dubai's debt situation and the UAE's exposure
to it.
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