It’s official: the European Union wants to tap bank deposits over 100,000 euros in the next bank bailout
Last night the economics committee of the European Parliament approved draft legislation that would put depositors with more than 100,000 euros in their accounts in line to fund any future European bank rescue package. As in the final Cypriot deal, savers with less than 100,000 in their accounts would be exempt from the levy.
Yen takes a breather from its drop against the dollar
Today the yen stalled in its seemingly relentless descent versus the dollar on comments from Japanese Economy Minister Akira Amari that the yen had corrected a lot and that further losses would have a negative effect on the Japanese economy. Speculation among currency traders is that Amari’s remarks were intended not to stop the drop in the yen but to moderate its speed.
A second U.S. LNG plant got an export license on Friday–the best stock pick on that news is Chicago Bridge & Iron
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Setting a higher target price for Toyota on a falling yen
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Japan’s economy expands for a second straight quarter–still no inflation though
The Japanese economy expanded by 0.9% in the first quarter for a 3.5% annual rate. This is the second straight quarter of expansion for the Japanese economy. But the Bank of Japan made less progress on its goal of ending deflation and reigniting inflation. Prices, according to the GDP deflator, fell by 1.2% in the quarter for a 14th straight quarter of deflation.
Stocks picks for the future of 3D printing
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Japanese stocks keep climbing as the yen keeps falling
Japan’s Nikkei 225 closed above 15,000 for the first time since December 28, 2007 today. The index is now up 77% from its November bottom. The yen fell as low as 102.42 to the U.S. dollar, the lowest level for the Japanese currency since October 2008.
How near is the next bust?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Home Inns and Hotels continues its turnaround
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Is 7.5% growth in China the new normal?
Numbers out today from the National Bureau of Statistics shows that investment in fixed assets in the first four months of the year grew by 20.6% year over year. That was a slight dip from the 20.9% growth rate in the first quarter. Markets greeted the news as a disappointment. Growth was weaker than expected, analysts said, and yet, more disappointment, not weak enough to trigger stimulus from the People’s Bank or the Chinese government.
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