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Emerging Markets |
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BradyNet
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Thursday, April 1, '04
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Stay on top of important market events with the IdeaGlobal/BradyNet Economic Calendar
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 | John Kerry gets pumped over gas prices. 04-01-04 (Yahoo) Despite his error, maybe Sen. First he was blasting what he called "Benedict Arnold CEOs" outsourcing American jobs.
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| For gas stations, the key is location, location, location 04-01-04 (Yahoo) Despite all the fuss over high prices, drivers don't see cost as top factor in deciding where to fill up.
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| New Happiness Index shows British society peaked in 1976 04-01-04 (Yahoo) Britain was in the grip of inflation, drought, and punk rock. The cold war was in remission, the IMF bailed out the economy, and the Muppets and Starsky and Hutch were on TV.
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| New challenge to Europes IMF choice 04-01-04 (Financial Times) Shakour Shaalan, the Egyptian executive director of the International Monetary Fund,
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| Wage, Tax Data Support Idea Jobs Are Understated 04-01-04 (Yahoo) Amateur Kremlinologists have been sifting through scraps of information for months, trying to figure out why U.S. job growth as measured by the monthly survey of businesses has been so anemic.
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| Outsourcing robs U.S. jobs 04-01-04 (USA Today) America's jobs crisis affects all of us -- from university Ph.D.s to recent high school graduates. Every month produces additional pink slips for autoworkers, radiologists and computer engineers.
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| Overall U.S. Consumer Confidence Rises 04-01-04 (Yahoo) Overall consumer confidence in the United States rose last week, according to an ABC News/Money Magazine poll.
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| Venezuela Workers Who Backed Recall Fired 04-01-04 (Yahoo) Computer engineer Ingrid Sanchez, 32, signed a December petition demanding a recall vote for Venezuelan President Hugo Chavez. In February, she was fired from the government water company.
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| Energy Scarce as Argentina Faces Winter 04-01-04 (NY Times) UENOS AIRES, March 30 - The nascent recovery that has lifted the Argentine economy over the last year is being threatened by a shortage of electricity and gas,
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| Brazil unveils investment plan to defuse unrest 04-01-04 (Yahoo) Brazil's left-leaning government on Wednesday announced a R$15bn ($5.1bn, £2.8bn, EU4.2bn) investment and financing plan for industrial development amid growing demands for more aggressive social and economic policies.
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| Commentary: Kerry Rejects Chavez 03-31-04 (Yahoo) Democratic presidential hopeful Sen. John Kerry has rebuked the endorsement of Venezuelan President Hugo Chavez.
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| Argentina seeks to entice investors 03-31-04 (Financial Times) Argentina is working on plans to make its its debt restructuring proposals more attractive to creditors.
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| Philippines holds four suspected of bomb plot 03-31-04 (Financial Times) The Philippines on Tuesday seized explosives and arrested four suspected terrorists believed to be plotting to bomb trains, shopping malls and other civilian targets in Manila,
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| Alleged Philippine Bomber Says He Hid TNT 03-31-04 (Yahoo) A suspected Muslim extremist told police interrogators he planted TNT in a television set on a ferry that caught fire last month, killing more than 100 people,
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| Ice Cream Economics 04-01-04 (Yahoo) Milk prices are up, Madagascar's vanilla crop is thin and chocolate is tougher to come by in west Africa.
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| Oil Shortage? 04-01-04 (Yahoo) Saudi Arabia: There's plenty in the ground, but it won't be easy to get. The kingdom may need major new foreign investors. Will it dare open up?
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| Democrats urge Bush to press for more oil 04-01-04 (Yahoo) On the eve of a meeting of the Organization of Petroleum Exporting Countries (OPEC), Democrats launched an offensive on the Bush administration, accusing it of doing too little to strong-arm OPEC to boost oil production and bring down gasoline prices.
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| OPEC Tighten Oil Supply Restrictions 04-01-04 (Yahoo) OPEC (news - web sites) on Wednesday forged ahead with tighter oil supply curbs, deaf to consumer country complaints about crude prices recently at 13-year highs.
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| Oil prices fall despite Opec output cut 04-01-04 (Financial Times) World oil prices slipped back on Wednesday, despite Opec's decision to cut output by 1m barrels a day, as the market reacted to higher-than-expected US crude stocks.
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| OPEC to cut oil output by one million bpd: official 04-01-04 (Yahoo) OPEC (news - web sites) will go ahead with a planned oil production cut of one million barrels per day (bpd) on April 1, an OPEC official told a press conference.
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Newest messages appear on top.
04-01-04
carib:
That is ECONOMY, Wally! :-((
04-01-04
wally:
<chuy> amigo! como esta vuestra merced y como esta su señora? will we meet this year?
04-01-04
wally:
next Fiji 3½ Bali?
http://www.cathay-usa.com/dotm/subd...
04-01-04
victorn:
...which is a false assumption.
04-01-04
victorn:
chuy & pilly <I agree huywith you> why is she so smart? sometimes people assume that ugly women are smart while good looking women are bimbos...
04-01-04
wally:
ah likes Condy. she be da womann of mah dreams. <MP> did told mahself she's be not ogly and <MP> is always rite. she an dokktor guhruh predicted dem demise of dis ogly thug in Cacaras, Benezula which be a country far away near Brassill. and (Lawd habb merssy on mahself and mah famly) de thug him left and did do join his masta who be located in island Cuba where he call himself barbudo.
04-01-04
victorn:
and that is with makeup...
04-01-04
Chuy:
Wally, sssssssssssssssiiiiiiiiiiiiiiiii.
04-01-04
victorn:
wally this was on another board. will u vomit dinner too? :-)Condi Rice is an ugly little shit
Does anyone else think that Condi Rice is one of the most spectacularly ugly people alive? Check out this picture...please, Condi, put a bag on that!
UGGGGLAY!
Posted by rafiki at March 22, 2004 02:27 PM
http://theoden.ath.cx/images/rice_i...
04-01-04
wally:
<but brains and politics are different things> and so are brains and pussy <chuy>! :~))
04-01-04
wally:
<how much booze today <wally>? :-)> you want the truth, only the truth and nothing but the truth <vic>?
04-01-04
Chuy:
PILLZ, I agree huywith you, but brains and politics are different things.
04-01-04
wally:
oops! sorry <vic>. mea culpa, mea culpa mea maximo culo!
04-01-04
victorn:
Wally: you indeed posted the Cyprus picture three times.how much booze today <wally>? :-)
04-01-04
carib:
Wally: you indeed posted the Cyprus picture three times...with different titles. problem with BBC website, I guess...
04-01-04
wally:
<PILLZ: You all have a ploblem with Condy> i don't! as long as she stays more than one kilometer away from me and i therefore can't hear the shit she talks.
04-01-04
wally:
<victorn: wally why did you post that same pic 3 times?>how much booze today <victor>? i posted Cccoonnddii's picture neither once nor three times. the only post is from <dooper>.
but you have to admit that one insults "sin" if one says "she is ugly like sin". isn't it? YUCK² - YIKES²! who has the guts to disturb the cobwebs woven since years over and across her Butzebär?
04-01-04
victorn:
pilly <I think she have more brains then all colores together> how do you reach this conclusion?
04-01-04
PILLZ:
The credit derivatives is mostly made up of credit default swaps, insurance-like contracts that allow users to buy and sell protection against a company or country failing to pay its debts. The market has taken off the past few years during the record bankruptcies and defaults like WorldCom and Argentinahttp://www.reuters.com/financeNewsA...
04-01-04
dooper:
< Because of a recent wave of fraud in Venezuela involving credit cards and debit cards, sometimes known as cloning, visitors should be cautious about the use of credit or debit card at Venezuelan commercial establishments. Credit and debit card numbers and other information are lifted by employees at the commercial establishments..<<>http://www.worldworx.tv/safety/amer...
In general i find this a very useful site for travelling Colores.
04-01-04
PILLZ:
You all have a ploblem with Condy, I think she have more brains then all colores togetherhttp://story.news.yahoo.com/news?tm...
04-01-04
victorn:
wally why did you post that same pic 3 times?
04-01-04
wally:
<dooper: Just for Wally.....> thanks! big help dieting. just vomiting out my lunch.
04-01-04
dooper:
Just for Wally.....
http://story.news.yahoo.com/news?tm...
04-01-04
manya:
Brazil has announced it is adjustiug the language in its CACs to 75% form current 85%, Brazil had initially followed Uruguay's lead on 85%, but every subsequent issuer, incl. Turkey has gone to 75%, prompting Brazil to want to be
in the mainstream. <This only applies to future issues>. Certainly suggests that they are potentially in deal mode.
04-01-04
manya:
April 1 (Bloomberg) -- Brazil eased clauses in all new bond
sales registered in the U.S., lowering the number of bondholders
who have to agree with the government on a new debt plan after a
default, the central bank said in a statement.
The so-called collective action clauses would allow the
government to restructure its debts, change interest rates,
maturity dates and other terms, should at least 75 percent of
creditors agree. The government last year had agreed to a minimum
of 85 percent of creditors to begin a renegotiation.
``It's essentially a dilution of bondholders' rights and
gives Brazil more power in the event of a default,'' said
Christian Stracke, head of emerging-markets at New York-based
independent bond-research company CreditSights Inc. ``Lowering
the threshold takes away minority bondholders' rights even
further.''
Stracke said investors may not see the move as a ``extreme
one,'' because it puts Brazil's clauses in line with similar
regulations in other countries.
``The objective for this is to put Brazil in the same level
of the biggest sovereign debt issuers,'' the statement, issued
from Brasilia, said. The government agreed to the clauses a year
ago.
The benchmark bond due August 2040 rose 1.3 cents on the
dollar to 107.5, pushing the yield down to 9.83 percent at 1:30
p.m. New York time, according to J.P. Morgan Chase & Co. prices.
04-01-04
carib:
Eu/Tur... as I said, it's a political issue.
04-01-04
victorn:
eu = christian club.
Turkey does not yet meet the political standards for European Union membership, the European Parliament concluded Thursday, just months before the Union was due to decide whether to start accession talks.
04-01-04
wally:
bye Peter
http://news.bbc.co.uk/2/hi/in_depth...
04-01-04
wally:
<Thug> constitution:http://news.bbc.co.uk/2/hi/in_depth...
04-01-04
wally:
any comments superfluous. a real pity! :~(http://news.bbc.co.uk/2/hi/in_depth...
04-01-04
Alexander:
<<<<04-01-04 victorn: this overvalued market tests anybody's patience. >>>methinks, the market is <overvalued> cause the €, $, Y & co are <undervalued>
and have a good WE
04-01-04
wally:
<<Gallego> trillionaire PaxWax is reportedly holding a significant GX stake too> and is busy humming from morning till bedtime "un canto a Galicia...":~)
04-01-04
victorn:
this overvalued market tests anybody's patience.
04-01-04
carib:
NEW YORK -- Mexican billionaire Carlos Slim increased his stake in Global Crossing Ltd. (GLBC) to 3.3 million shares, three weeks after the stock sank amid disappointment over Global Crossing's view of how it will perform this year.Slim, whose telecommunications investments include MCI Inc. (MCIAV) and Telefonos de Mexico SA (TMX), began buying shares of Global Crossing, which left Chapter 11 bankruptcy in December, on March 17. Global Crossing's post-bankruptcy shares began trading on the Nasdaq National Market on Jan. 22, changing hands for as much as $36.30 that day.
Slim acquired two million shares on March 17, when the stock finished at $15.44, down 46% from $28.81 on March 9, the day before Global Crossing gave its fourth-quarter report and disappointing 2004 forecast. That purchase was announced in a Securities and Exchange Commission filing after the market closed March 19, when the shares finished at $13.86.
Slim purchased another 474,000 by March 25, and according to an SEC filing Wednesday, acquired another 826,000 by Tuesday, bringing his stake to 3.3 million.
<Gallego> trillionaire PaxWax is reportedly holding a significant GX stake too.
04-01-04
Neznaika:
<Khodor manifesto> I don't think he will be out of prison very soon just because whimpered "we screwed up!" - the latter was pretty much evident before his "contrition".BTW, interesting comments on his manifesto:
http://www.russiajournal.com/news/c...
04-01-04
carib:
Bra 30 120,5-122.2 +2.2...even if Pinky had nothing to do with the Squid.
04-01-04
carib:
Ven 13 105,75-106.5 +1.55. I guess this has to do with Oil prices more than <invasions>.
BTW: no more Pinky = Ven 27 @ par...
04-01-04
Patient-Trader:
CCiano, <ecuadoreans,... are now the biggest colony of foreigners in spain> perhaps one day only the politicos are left in Guanoland ? Holders of Quichua bonds are already out of luck :-)
04-01-04
amigo latino:
<Pillz:…..in Fibermark, the recovery is where I bought it about 60-65, so it is not a big deal to buy it now at 57,…………>Pillz, thanks. Please keep posting about Fibermark’s navigation through Ch 11 and the bond prices.
04-01-04
amigo latino:
<carib: Amigo: Mendoza ...... I wonder if Colores should have a chat with JPM.>carib, it is a good idea!
04-01-04
wally:
<Thug27> 90.15 90.50 + 1.25 (pre-invasion retail price). don't these buyers of <Thug-Bonds> read <MoneyPenny>? how stupid can investors be?
04-01-04
PILLZ:
PRINCETON, N.J., April 1 /PRNewswire-FirstCall/ -- RCN Corporation (Nasdaq: RCNC - News) announced today that the negotiations with its senior secured lenders (the "Lenders"), members of an ad hoc committee of holders of its Senior Notes (the "Noteholders' Committee") and others on a consensual financial restructuring of its balance sheet are continuing. In connection with the continuing negotiations, the Company, the Lenders and members of the Noteholders' Committee have agreed to extend expiration of their previously announced forbearance agreements until 11:59 p.m. on <May 3, 2004>. The Company remains hopeful that the continuing negotiations will lead to agreement on a consensual financial restructuring plan in the near term, although there is no assurance this will occur.
04-01-04
carib:
CCiano: good news is apparently <cagadores> do not usually leave bombs on commuter trains...
04-01-04
Cciano:
no april fool: public census for 2003 reveals that legal resident ecuadoreans, some more than 390.000, are now the biggest colony of foreigners in spain, followed by marroquean and colombian and then argies. not to mention the illegal ones.
04-01-04
danni:
CARIB/PILLY i just spoke to my banker & he told me that i didnt get my bet till now thy contact ROGUE but he ask for 94.9 & i offer 94 like he post so no trade, if there was any bad news i thing thy wiil let me get it 94 or lower but thy didn`t
04-01-04
carib:
BTW: can anyone offer a logical explanation why most Argy sov bonds in US$ are trading 15-20% higher than their €/CHF equivalent?
04-01-04
PILLZ:
<Pill: how much per share did those brave fellows who invested real money in ABP pay?> they pay about as the crude and gas will double in price the next 12 months..irrational schpeculation..they better buy options on crude and gas..
04-01-04
carib:
Pill: I tought I had posted a :-) after the <Malbec>...just in case, I do it again, squared :-))
04-01-04
carib:
Pill: how much per share did those brave fellows who invested real money in ABP pay?
04-01-04
PILLZ:
<Malbec collateral>.. Carib, forget about it, why Argy, don't gives land to bondholders as compensation, like the Japans blondholders ask..
04-01-04
carib:
danni; No <panik>... I guess it was just Rogue posting a big lot for sale...and Wally's usual allergy for short term bonds (in line with allergy for stocks, FX speculation, real estate speculation, etc ) :-)
04-01-04
PILLZ:
< Abraxas stock down 5%...maybe they found on Forbes the news about the <Congolese takeover>.. :-) > Carib, forbes forgot to add that Abrax schtock value is max 1$
04-01-04
carib:
Pill: Mendoza prices would shoot up if Cobos offered a <Malbec collateral>.. :-)
04-01-04
danni:
CARIB i dont know what is the panik on CESP i look to buy 850k nomi 0f CESP05 & i didnt find any @ the right price so i don`t know were is the selling that colors talk a but
04-01-04
carib:
Abraxas stock down 5%...maybe they found on Forbes the news about the <Congolese takeover>.. :-)
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