Sunday, 30 December 2012
Top Marques 2013 in Monaco
Saturday, 29 December 2012
Partridge 1885 at the Monaco Boatshow - Mining The Rarest Diamonds
MINING THE RAREST DIAMONDS
The Boulle Mining Group
For decades, the name ‘Boulle’ has been synonymous with mining minerals, metals and precious stones. Boulle Rough Diamonds marks the latest venture for the renowned Boulle Mining Group, the diversified investment group founded by Jean-Raymond Boulle. Known for its dynamism and expertise, Boulle Mining Group partners with some of the largest global institutions and conglomerates to discover, finance and develop mineral deposits throughout the world.
Such a rich and illustrious mining heritage gives Boulle Rough Diamonds pride of place in the industry, with direct access to the world’s primary diamond mines, either directly or through its mining partnerships.
Our unbeatable global reach means we have the finest resources available to find our clients the gem of their dreams.
Saturday, 22 December 2012
'Marikana' Ramaphosa gets Mandela marketing by South African Press
Ramaphosa also courted controversy by bidding R18-million for a buffalo, which was perceived to be a crass display of his affluence. He has since apologised for this...'
Source : http://www.guardian.co.uk/world/2012/dec/20/cyril-ramaphosa-return-nelson-man...
Friday, 21 December 2012
'Socialism is the best form of government until it runs out of other peoples money.'
| Investors Europe, Global Stock Brokers 745a Europort Gibraltar T +35020040303 http://bit.ly/client_trading_profile |
Contact me: investorseurope
| ||
|
Tuesday, 11 December 2012
Reuters : Where are We with Too Big To Fail?
Even if it’s just a set of principles, any sort of action on cross-border resolution has been a long time coming. As Simon Johnson has pointed out, the IMF has been pushing for at least a decade for some method of unwinding international financial firms.
The new strategy, summarized in this FT op-ed, has some clear improvements over crisis-era handling of TBTF firms. The company's home regulator would take control of the firm (lucky them), shareholders and unsecured creditors would be forced to take losses (slow clap), and senior management would be removed (rousing applause). Liquidity would be parceled out by regulators to newly spun-off divisions and any taxpayer losses could be recovered from the financial sector -- though it's not quite clear how.
The FDIC-BoE approach -- like this 2010 IMF proposal -- also calls for something like a Pause button for derivatives contracts; a "stay of termination rights" would temporarily prevent counterparties from being paid out after a TBTF firm fails.
Regulators are taking another welcome step to protect taxpayers from TBTF: enforcing existing regulations on foreign companies. Shahien Nasiripour and Brooke Masters pick up on a recent speech by the Fed's Daniel Tarullo which suggests regulators may soon force foreign subsidiaries to actually obey local capital requirements. The idea is to keep banks’ subsidiaries from posing a risk to domestic taxpayers. Larry Fink, the CEO of BlackRock, apparently isn’t happy about this:
“If that is the new strategy among regulators, it really throws into question this whole globalisation of these firms,” he said at a conference last week. “It also means each country for themselves. I wouldn’t call it a trade war, but I would certainly call it a high level of protectionism.”
None of this is going to be easy, especially if more than one TBTF firm fails at once. As one former Fed regulator said last year: “Citibank is a $1.8 trillion company, in 171 countries with 550 clearance and settlement systems”. Try resolving that in the middle of a crisis. -- Ryan McCarthy
On to today’s links:
Liebor
The EU is expected to accuse multiple banks of fixing LIBOR’s “lesser known cousin” - WSJ
Tax Arcana
Google saves about $2 billion per year using Bermuda tax shelters - Jesse Drucker
Billionaire Whimsy
3 people say Bloomberg is pondering buying the “bisque-colored” FT - NYT
The Singularity
The Robot Economy and the new rentier class - Izabella Kazminska
Hard Landings
China is the world’s new Rust Belt as it faces “decades of de-industrialization” - Forbes
On the other hand, China’s factory output just hit an 8-month high - Reuters
Wonks
Goldman’s top economist talks about the coming US rebound - Joe Weisenthal
Failure
The world’s deadliest road got even worse when the World Bank stepped in - Guardian
Your Retirement Plans
"Work is wage slavery and...retirement is freedom" - Stumbling and Mumbling
Cartography
Where the pirates are - Business Insider
Awesome
Paul Krugman on Isaac Asimov and the promise of social science - Guardian
Wonks
Chinese corruption in a (US) historical context - Tyler Cowen
Old Normal
When the US Army settled labor disputes - Bloomberg
Alpha
"The best-case scenario for bonds is the worst-case scenario for stocks" - Whitebox Advisors
Charts
The labor force is shrinking because of demographics - Calculated Risk
New Normal
"Sperm counts are plummeting across the industrialised world" - Economist
Apple
Apple's new map system sends travelers to Australian National Park instead of city - Victoria Police News
Revealed
The secret sex of cheese - Molecular Love
Follow us on Twitter and Facebook. And, of course, there are many more links at Counterparties.
|
http://links.in.reuters.com/o/DFGA9/N4PMR/IE3SPN/ZT47L/ULVF/52" width="1" />
Monday, 3 December 2012
FSA delays platform rule changes
'The FSA has delayed the implementation of rule changes for platforms amid concerns over the tax treatment of rebates.
In June, the FSA confirmed its intention to ban cash rebates and payments between fund managers and platforms but said unit rebates will be allowed to continue...'