 |
Emerging Markets |
Posted by
BradyNet
(
Thursday, October 2, '03
)
| |
|
|
*NEW*
Stay on top of important market events with the IdeaGlobal/BradyNet Economic Calendar
|
 | Global Economy: Europe, Japan Lift Hopes 10-02-03 (Yahoo) LONDON (Reuters) - Manufacturers in Europe and Japan won more orders and made more goods in September, according to surveys on Wednesday, going some way to offset doubts about the strength of a U.S.-led economic recovery.
|
| Students Get Early Start On Postgrad Job Search 10-02-03 (Washington Post) Paolo del Mundo said he had tuned out the noise and the competition as he stood in line at a recent University of Maryland job fair in College Park, hoping to catch the eye of the recruiter from a technology firm.
|
| Jobless Claims Are Highest in 2 Weeks 10-02-03 (Yahoo) WASHINGTON - New claims for unemployment insurance moved higher last week as laid-off workers who had been prevented from filing because of Hurricane Isabel finally made it into state offices to apply for benefits.
|
| By the numbers 10-02-03 (Yahoo) America, sadly, by the numbers on the first day of October 2003:
|
| Manufacturing Growth Slows in September 10-02-03 (Yahoo) NEW YORK (Reuters) - U.S. manufacturing growth expanded for the third straight month in September but at a slower rate, while factory owners picked up the pace of layoffs, according to a report on Wednesday that showed a moderate recovery in the industrial sector.
|
| US confidence slide hits shares 10-02-03 (BBC) An unexpectedly sharp drop in US consumer confidence has hit share prices on Wall Street.
|
| Bush administrations surprising reaction to poverty rate 10-01-03 (Yahoo) The sharp jump in poverty announced by the government last Friday should come as no surprise to anyone who has tracked the ailing economy these last few months.
|
| Brazil Economy Sees Worst Years Since 98 10-02-03 (Yahoo) SAO PAULO, Brazil - Brazil's economy will probably grow less than 1 percent this year, representing the worst performance for South America's largest country in five years, the central bank said Tuesday.
|
| An Argentine Prosecutor Turns Focus to New War Crimes Court 10-01-03 (NY Times) HE HAGUE — Back in 1985, Luis Moreno Ocampo joined the team to prosecute Argentina's generals and admirals who stood accused of secretly torturing and killing thousands of civilians.
|
| Chilean TV snubs anti-divorce ads 10-01-03 (BBC) Chile's leading television network has rejected a request from the Roman Catholic Church to broadcast warnings against the proposed introduction of a divorce law.
|
| Brazils central bank cuts economic forecast in half 10-01-03 (Financial Times) Brazil's central bank has cut its forecast for economic growth this year by more than a half, from 1.5 per cent to 0.6 per cent.
|
| Chinese Girls Toil Brings Pain, Not Riches 10-02-03 (NY Times) NSHAN, China — Each eyelash was assembled from 464 inch-long strands of human hair, delicately placed in a crisscross pattern on a thin strip of transparent glue. Completing a pair often took an hour. Even with 14-hour shifts most girls could not produce enough for a modest bonus.
|
| Judge Sets Trial for Marcos Plaintiffs 10-01-03 (Yahoo) HONOLULU - Thousands of Filipinos who successfully sued the estate of late Philippine dictator Ferdinand Marcos are going to court in an attempt to recover the now $3.1 billion judgment awarded to them eight years ago.
|
| Japan Pledges $1 Billion in African Aid 10-01-03 (Yahoo) TOKYO - Japanese Prime Minister Junichiro Koizumi, opening a major donor conference Monday, pledged $1 billion in new aid for education and health care in Africa.
|
| Africas new class of power players 10-01-03 (Yahoo) Every year Africa's best and brightest leave their cities and villages for Harvard or McGill University or the London School of Economics. Some are children of privilege.
|
| The curse of an oil economy 10-02-03 (Yahoo) WASHINGTON - America is jeopardizing the long-term health and stability of Iraq and, what's worse, it doesn't even know it.
|
| Iraq oil work to cost extra $1bn 10-02-03 (BBC) An extra $1bn (£603m) will be needed if Iraq's oil output is to be restored to pre-war levels by the end of next year, a senior Coalition Provisional Authority official has been reported as saying.
|
| The Iraqi dagger at OPECs heart 10-01-03 (Yahoo) September 29, 2003 -- FORGET anger on the Arab street. The emotion pervading OPEC, the offshore haven for the world's richest Mideast despots, is fear.
|
| Dont give OPEC so much respect 10-01-03 (Yahoo) The Organization of Petroleum Exporting Countries is more powerful in theory than in reality. That's fortunate for the U.S. economy and for American motorists accustomed to cheap gasoline.
|
| |
Newest messages appear on top.
10-02-03
SPAL:
< 10-02-03 carib: BLX trading @12,5....;-)))) > only 100% more to go and then we can start shorting her back to zero again ...
10-02-03
Advice55:
<iF The tax reform proposal comes out of Senate with more sense than what came out of Congress you will see things FLY!>I think you have a very good point there Foxito... And it seems to be a strong rumor.....
10-02-03
Fox:
<BLX trading @12,5....;-))))> Congrats!!!
10-02-03
carib:
BLX trading @12,5....;-))))
10-02-03
SPAL:
ont 1.59 +0.16
10-02-03
SPAL:
< 10-02-03 Alexander: all this dumbshit bragging here....
just some little numbers from AlexAHO KONINK AHOLD 10.26 0.51 (5.23%)
GRA WR GRACE CO 3.50 0.29 (9.03%)
mua mua shit >
more dumbshit bragging required Alex!
10-02-03
Alexander:
all this dumbshit bragging here....just some little numbers from Alex
AHO KONINK AHOLD 10.26 0.51 (5.23%)
GRA WR GRACE CO 3.50 0.29 (9.03%)
mua mua shit
10-02-03
Fox:
<Expectations are being kept low, but I think inflation is about to melt down....> iF The tax reform proposal comes out of Senate with more sense than what came out of Congress you will see things FLY!
The major problem with the Tax Reform that came out of Congress is that is a bloody mess! The Senate is much more sensitive to Federation disruptions that the Tax War among States was creating.
10-02-03
Alexander:
<<<<Who is WE ? Your mother in law, your son's dentist and ýour wife's aunt ? Secondly, in the 10s - you mean like those Rusfeds .....>>>>sei doch nich so neugierig, wadds ab und wunder Dich
10-02-03
PILLZ:
<Conseco almost trading at 20 right now.....wich is the strike of the warrants?? > 27 for 5 years
10-02-03
Patient-Trader:
Alex, <we bought lots of Argie Bonds in the 10s, now we wait...>
Who is WE ? Your mother in law, your son's dentist and ýour wife's aunt ?
Secondly, in the 10s - you mean like those Rusfeds ..... you know what I mean, wink, wink :-)))
10-02-03
leo:
Conseco almost trading at 20 right now.....wich is the strike of the warrants??
10-02-03
Advice55:
<You have to refresh it every once in a while.>Thanks foxito.... Brazil stocks gaining momentum with volume projecting above 1.5bi reais for the close... Expectations are being kept low, but I think inflation is about to melt down....
10-02-03
Fox:
Folllow up on Manya (El Hincha de NACIONAL)http://www.senado.gov.br/agencia/no...
10-02-03
Fox:
<"We will present a revolutionary system for the Tax Reform," he said.>
Cool!! The Tax Reform that came out of Congress was a disaster that unveiled a major tax war between the States.
10-02-03
PILLZ:
Leo, we speak two diff. language, first I sold all my Conseco shares and bought a ton of call option March strike 20 at 1$ whenthey started trading, it was only when you or Carib said you will wait till it is 22 to sell, I suggested to take already 2$ now, if one want to speculate on Conseco going to 30, I think the best way to do it is by buying options, why ?, because if they pass a few months without receiving a A rating from Best insurance it could crash, but if they receive it it could go to 30-35, end of the story..
10-02-03
carib:
Leo. perfectly correct. But nobody ever went bankrupt by cashing 200% profits.
10-02-03
manya:
After meeting earlier today for almost two hours, Senate
party leaders announced that they would make big changes to the Tax Reform text that was approved in the House of Representatives last week. The main alterations could be announced this afternoon along with the name of the reporting senator on the matter. Senate Constitution and Justice Committee (CCJ) Chairman Edison Lobao (PFL) expressed enthusiasm with the agreement among party leaders. "We will present a revolutionary system for the Tax Reform," he said.Bonds are moving higher
10-02-03
leo:
But if the shares go greatly over 22 I will gain you'll be big looooseeeerss...
10-02-03
Fox:
LA NACION | 02.10.2003
<Deuda a punto de normalizarse
La oferta de pago ya cosecha un 89% de adhesión en dólares.
Según pudo establecer LA NACION, el Banco Hipotecario está cerca de poder salir del default. Hasta este lunes pasado consiguió la adhesión de un 89% de los tenedores de bonos en dólares (necesita un 90%, según una cláusula que se autoimpuso) y de un 30% de los denominados en euros, aunque en este segmento restan computar los títulos en manos de residentes italianos que, por cuestiones formales, todavía no pudieron ejercer la adhesión a la propuesta y tienen plazo para hacerlo hasta el 3 del mes próximo.
.
Tras una gira europea para tomar contacto con los bonistas (y un paso por Dubai para reunirse con los bancos), Lifsic luce más optimista.
.
"Enfaticé las bondades de nuestra oferta y traté de convencer a todos para que la acepten. Es muy buena si la comparás con otras", dice y, tras varias insistencias, concede que el duro planteo que realizó la Argentina tal vez haya colaborado para encarrilar su propia renegociación.
.
La oferta del BH implica aceptar, como inicio, un bono a 10 años con 5 de gracia, que respeta el capital y paga una tasa que va del 3 al 6%. Los intereses devengados e impagos se pagan al 3%, por lo que sufren quita.
.
Luego, cada acreedor podrá optar por venderle la deuda al 45% de su valor nominal al banco (destina US$ 60 millones para este tramo) o tomar otro bono a siete años, con uno de gracia y una tasa Libor + 2,5 puntos, pero con quita del 30% sobre el capital. El título se garantiza con Boden 2012 y podrán suscribirse hasta US$ 300 millones.
.<< Comienzo de la notaSegún pudo establecer LA NACION, el Banco Hipotecario está cerca de poder salir del default. Hasta este lunes pasado consiguió la adhesión de un 89% de los tenedores de bonos en dólares (necesita un 90%, según una cláusula que se autoimpuso) y de un 30% de los denominados en euros, aunque en este segmento restan computar los títulos en manos de residentes italianos que, por cuestiones formales, todavía no pudieron ejercer la adhesión a la propuesta y tienen plazo para hacerlo hasta el 3 del mes próximo.
.
Tras una gira europea para tomar contacto con los bonistas (y un paso por Dubai para reunirse con los bancos), Lifsic luce más optimista.
.
"Enfaticé las bondades de nuestra oferta y traté de convencer a todos para que la acepten. Es muy buena si la comparás con otras", dice y, tras varias insistencias, concede que el duro planteo que realizó la Argentina tal vez haya colaborado para encarrilar su propia renegociación.
.
La oferta del BH implica aceptar, como inicio, un bono a 10 años con 5 de gracia, que respeta el capital y paga una tasa que va del 3 al 6%. Los intereses devengados e impagos se pagan al 3%, por lo que sufren quita.
.
Luego, cada acreedor podrá optar por venderle la deuda al 45% de su valor nominal al banco (destina US$ 60 millones para este tramo) o tomar otro bono a siete años, con uno de gracia y una tasa Libor + 2,5 puntos, pero con quita del 30% sobre el capital. El título se garantiza con Boden 2012 y podrán suscribirse hasta US$ 300 millones.>
10-02-03
SPAL:
ONT 1.52 +0.09
mua mua ...
10-02-03
PILLZ:
<PRINCETON, N.J., Oct. 2 /PRNewswire-FirstCall/ -- Continuing to set the industry standard for cable modem services, RCN (Nasdaq: RCNC - News) announced today the launch of its latest high-speed Internet service, MegaModem Mach 5(SM). This service will provide customers with up to 5 Mbps of download speed, which is more than 3 times the speed of most competitors' "high speed" offerings at no extra cost.
Customers will now be able to download videos, MP3 music files and other Web-based forms of entertainment in significantly less time than it would take with competitor cable modem or DSL connections."We launched our 3 Mbps modem, MegaModem, over a year ago in response to overwhelming customer demand for higher speed," said David C. McCourt, RCN's Chairman and CEO. "Today I am proud to announce that we are once again raising the bar in the industry by offering MegaModem Mach 5, our 5 Mbps modem. We designed and built our MegaBand(TM) network with the ability to seamlessly add market-leading services to our bundled offerings so that our customers always get the most advanced products available." Mr. McCourt added, "While our competitors are focused on setting rate limits, we are focused on breaking speed records."
On October 15th, existing RCN cable modem customers with speeds currently up to 1.5 Mbps will be upgraded to MegaModem Mach 3(SM), that delivers up to 3 Mbps. All current 3 Mbps customers will be upgraded to MegaModem Mach 5(SM). >
10-02-03
SPAL:
ont 1.46 +0.03
10-02-03
PILLZ:
Leeeeoooo, 1 contract= 100 shares, at 2$/share , 70 contract = 14.000$There where alredy 154 contract traded on this strike and March, now bid / ask is ask 100 for 2.1 and bid 35 for 1.95, I would suggest to put a bid at 2.1, so with your comm. you get more then 2$/share
10-02-03
SPAL:
ONT 1.44 +0.01 ... go baby!!
10-02-03
Fox:
<Fox: do you know if there are disaggregated sub-index shares? It would be nice, for example, to have a quick and convenient proxy to look up what the HY market is doing.>The only iShares for Corp that I know is LQD refer to Link for greater details:
http://www.ishares.com/fund_info/de...
Other ETF you may want to look up for Corps: BHY, CIM, DHY & HYI.
10-02-03
SPAL:
ONT 1.42 knife caught ... lunch time rally setting in ...
10-02-03
Fox:
<Fox, what is the yield on 10year and 5year UST this morning?>:http://www.bonds-online.com/asp/new...
You have to refresh it every once in a while.
10-02-03
leo:
44 contracts traded for the march 20 cno call option.....not many
10-02-03
SPAL:
ONT bouncing ... careful
;-))
10-02-03
carib:
leo: yes. I just placed an order.
10-02-03
leo:
Pillz you are saying that 1 contract covers 100 shares and that you get 200 dollars for selling 1 contract?
10-02-03
leo:
140 dollars
10-02-03
leo:
And by selling 70 contract multiplied for 2 you get 1400 dollars not 14000 or the contract is worth 20...
10-02-03
PILLZ:
Leeeeoooo, by selling 70 contract you cover 7000 shares
10-02-03
SPAL:
<10-02-03 danni: > ? are you saying you bought at 0.55 or want to buy at that level? Or is it 0.30?
10-02-03
leo:
No carib otherwise you will be getting only 14 dollars for selling 7 contracts.....
10-02-03
carib:
Leo: I think 1 contract is for 1000 shares.
10-02-03
leo:
The thing is carib that it may be difficult to sell 6980 call contracts...are those options heavily traded??
10-02-03
Glutt:
<Lula said the country's attitude on rates should be `cautious.' > Lula surprise us again… indeed he shows his right understanding in leaving the issue to BACEN… he, unlike usually politicians do, refrained from unnecessary comments. Smart Lula…
10-02-03
danni:
SPAL bot AAWH @ o.55c & ofer o.30c 50000sh 31/10/03 i will get it to.
10-02-03
danni:
bra09 14.5% bid @ 19.25 no salers. viva LULA viva.
10-02-03
savonarola:
<Fontenelle offers a memorable aphorism on ignorance (or "beautifully skeptical definition of ignorance" as Wood describes it): "I am convinced of our ignorance not so much by those things that are, and of which reason is unknown to us, as by those that are not, and for which we find the reason.">Go on and read the whole article. Beautifull.
http://www.mises.org/fullstory.asp?...
10-02-03
carib:
Yes Leo, by my posting was inaccurate. I wrote <above 58>. the actual figure is 61,5 (which is above 58...a lot above) Selling the call @20 is like selling CNO @22 (if price goes up) and getting 2$ per share present (if prices stay below 20).
otherwise you can sell a call @22,5, which is like selling CNO @ 23,75...or getting 1,25$ a share present.
10-02-03
SPAL:
For those that like catching falling knives ... again I stepped up for some more ONT and continue holding AAWH.TISA is holding well new levels and I am adding ... SBAC [old favorite] just reauditted and found 17 MM more shareholder's equity], but more important is that this is a signal that a refi is in the wings ...
10-02-03
carib:
Wally: <sell female assistant>...better: seize the Argy national football team, and auction the players.
To avoid retaliation, forbid any foreign team or player to travel to Argy (unless at own risk). That would really hurt.
10-02-03
wally:
looks as if the Fiji 3½ meeting is quite "asian" this year. participants from:Beijing
Shanghai
Tokyo
Manila
Pattaya
Chiang Mai
10-02-03
leo:
If you stay still and sell the stock at 21.5.....you get 60...
10-02-03
Gaucho1:
<But the catalyst is usually external. They money tap will have to be switched off first.>Spurs: agree, trigger for Brazil crises is always "sudden stop" of external credit. Question is, is a sudden stop likely, when the US is flooding the world with USD faster than even the Asians can accumulate it?
10-02-03
SPAL:
<<I think they should create the <Spal Index>!
More comonly known as, IBI <Impossible to beat Index>!>> I will be the first to short that one!!
10-02-03
wally:
<panasonic: <Pilly: I would try to seize his ticket> and baggage :-)> and sell his female assistants into slavery!
10-02-03
panasonic:
Merci <wally> only wanted to know if there is a general word.
10-02-03
panasonic:
<Pilly: I would try to seize his ticket> and baggage :-)
10-02-03
carib:
Leo. adding Pill's <option selling> strategy for CNO, total recovery above 58. not bad having bought not so long ago @17,5 (you and me...Pill cheaper)
10-02-03
wally:
<panasonic: <wally> how do you say "abusador" in german?> there are different words for specific purposes. one has to to know the context.
Index of older articles by date
*NEW* Historical archive from 1998-1999
Please read our disclaimer.
Home Page |
BradyNet Pro |
Search |
CyberExchange
Forfaiting |
Closing Prices |
Live Prices |
New Issues |
Ratings
BradyNet Tour |
BradyNet FORUMs |
BradyNet Email Directory |
Index (Site Map)
Analysis & Research |
BradyNet Center |
News |
Jobs
General Correspondence: bradynet@bradynet.com
Questions/Problems? support@bradynet.com
This site copyright © 1995-2000 BradyNet.com
