Whistle While You Work
It may appear at first glance we are becoming an Elon Musk news page. This however is not born out our interest in him but rather his interest in being…
Driving Down The Price: A User Guide to Self-Fulfilling Prophecies
On Friday past and over the weekend Tesla CEO Elon Musk posted a bizarre series of tweets ranging from at best, quoting lines from the Star Spangled Banner, to at…
Come Fly with Me
There is an old saying that goes when America sneezes the world catches a cold, well when Warren Buffet sneezes, the markets catch a cold. At Berkshire Hathaway’s annual meeting,…
Eurozone economy shrinks at record rate
Seasonally adjusted GDP decreased by 3.8% in the euro area and by 3.5% in the EU during the first quarter of 2020, compared with the previous quarter, according to a…
EU Divided Over PRIIPs Rules
key information documents (PRIIPs-KID). Among other things, this review involves the forward-looking performance scenarios presented up to now. Based on the results of a consultation, the European Supervisory Authorities (ESAs)…
Reserve Bank of India $6.6Bn Liquidity Lifeline for Mutual Funds
Heightened volatility in the Indian capital markets caused by COVID-19 have resulted in liquidity strains for a number of mutual funds. These strains have intensified in the wake of Franklin…
Quantitative Easing like a Sunday Morning
In a bid to stimulate Japan’s economy, The Bank of Japan (BoJ) has removed the cap on quantitative easing by removing guidance that it would only buy government bonds worth…
Franklin Templeton Freezes $3bn in India Funds
Franklin Templeton Mutual Fund has announced it will wind up six yield-oriented, managed credit funds in India citing severe market liquidity issues caused by the COVID-19. “The decision has been…
ECB allows BB-rated risk as collateral
ECB to grandfather until September 2021 eligibility of marketable assets used as collateral in Eurosystem credit operations falling below current minimum credit quality requirements Appropriate haircuts will apply for assets…
Adding fuel to the fire
Brent crude oil rebounded on Wednesday and continued to do so in Asia trading on Thursday morning. The gains come after Donald Trump tweeted: “I have instructed the United States…