Gilead Capital Lp filed with the SEC SC 13D form for Landauer Inc. As reported in Gilead Capital Lp’s form,…
The financial sector is on the brink of collapse. The country that probably gave the English-speaking world the word for bank – medieval Italian merchants traded with each other on a bench known as banca – has a €360bn problem in its fragmented banking sector. This is the amount of non-performing loans, loans on which customer’s repayments have fallen behind.
The VIX equity volatility popped over 10% higher singaling a possible trend change for the S&P500. That could give the VIX another leg up to 18-20 area that prevailed earlier in March. The major indices are falling of the cliff and it’s about time for the S&P500 to follow their lead. The Nikkei lost a whopping 34% since its recent highest high in 2015.
FOMC is still on course to increase rates this year according to comments from a number of Fed officials. Analysts continue to forecast 25 bp increases in June and December. Yellen’s dovish speech on Tuesday imparts non-negligible risk to that outlook. She outlined a number of uncertainties to the outlook, including still slow growth, especially noting China and the potential bearish spillover across the Asian regions.
After a 6 month investigation into the global oil industry it was revealed that billions of dollars of government contracts were awarded as the direct result of bribes paid on behalf of companies including Halliburton, its former subsidiary KBR, Rolls-Royce and Samsung. They counted on Unaoil to funnel the bribes and to secure lucrative contracts in Iraq, Kazakhstan, Libya, Syria, Tunisia, and other countries in Africa, the Middle East, and the former Soviet Union.