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Warning over commodity funds bubble

• Commodity funds under increased scrutiny by regulators• Fears over collateral and complex financial engineeringA growing number of funds that invest in commodities such as coffee, gold or even pigs, are coming under the scrutiny of regulators who fear they could be the next financial bubble to burst.Industry insiders have warned the Bank of England [...]

[ More ] February 1st, 2010 | No Comments | Posted in Business, Finance |

Reason #5 to Short the U.S.: The Market Is Overvalued

Filed under: Bad NewsThe market is wildly overvalued given the trajectory of the economy and is being driven by traders.The trade of the day continues to be dollar/commodities/China, but more and more, individual stocks are being rewarded or whacked…

[ More ] January 31st, 2010 | No Comments | Posted in Finance |
 

Brit Indian mining conglomerate Vedanta to list up to six spin-off firms

British Indian mining giantVedanta Resources is plotting one of the biggest money-spinning corporate break-ups of a Ftse 100 company in years.

[ More ] January 31st, 2010 | No Comments | Posted in Business |

Scottish Widows puts bar up on French prisoners

Insurer won’t accept my imprisoned brother’s letter giving me the right to deal with his moneyScottish Widows had, for some time, been attempting to discover the whereabouts of my brother to send him his demutualisation payment. I informed them that he is currently­ held in one of France’s penal establishments.­ It contacted him, asking him [...]

[ More ] January 31st, 2010 | No Comments | Posted in Finance |
 

Homeopathic remedies: a real cure or a waste of NHS money?

Homeopathy is big business, but a report by MPs is expected to conclude that there is no place for the controversial treatment in the health serviceAt a session of the House of Commons select committee on science and technology, the professional standards director of Boots, Paul Bennett, had a remarkable admission to make about one [...]

[ More ] January 31st, 2010 | No Comments | Posted in Business, Finance |

Price rise eating into midday meals at Bengal schools

Midday meals – a surefire way of ensuring attendance in West Bengals state-run schools – are taking a hit due to the escalating prices of rice and vegetables. The money given by the central and state governments for it is proving grossly inadequate.

[ More ] January 30th, 2010 | No Comments | Posted in Business |
 

Rich people eschew Switzerland for Asia

(ChinaPost.com.tw) – Rich individuals from Europe and the Middle East are moving money from Switzerland to Asia, said Renato de Guzman, who heads private banking at Oversea-Chinese Banking Corp. after it acquired Asian assets of ING Groep NV.

[ More ] January 30th, 2010 | No Comments | Posted in Business |

Bill and Melinda Gates give $10bn for vaccines to save 8m children’s lives

One of the biggest charitable donations ever launches ‘decade of vaccines’ to push immunisation rates to 90%Bill and Melinda Gates have announced one of the biggest charitable donations in history – an unprecedented $10bn (£6.24bn) investment in vaccines for children in poor countries over the next decade.Speaking at the World Economic Forum in Davos, the [...]

[ More ] January 29th, 2010 | No Comments | Posted in Finance |

Wallick & Volk Adds Loan Originators in California

CHEYENNE, Wyo., Jan. 29 /PRNewswire/ — … “We’re strong…We’re Growing…and we have money to lend!” The current market environment has given us the opportunity to grow our business in locations that are showing signs of stabilization and sustainabl…

[ More ] January 29th, 2010 | No Comments | Posted in Finance, Services |

Which Currency Can Fund the Carry Trade?

Gary Gordon submits: What is an inevitable result of trillions in worldwide stimulus? Money, and/or the easy access to it, finds its way into market-based securities. In brief, if people can borrow a well-established currency at negligible interest…

[ More ] January 29th, 2010 | No Comments | Posted in Finance |