Tag: invest

Deutsche Bank refused to pay $ 14 billion US

Deutsche Bank refused to pay the $ 14 billion US Department of Justice

Deutsche Bank AG this morning, said the official predlozhenieMinisterstva US Department of Justice to stop the leading American side of the investigation activities of the bank in the United States in exchange for a payment of $ 14 billion. According to a statement, the bank does not intend to pay such a high amount, and hopes to reduce it in the course of negotiations with the Ministry, which as follows from the statement, “it is at a very early stage.” The US Justice Department is investigating the activities of the bank for the sale of securities backed by mortgages.

«Deutsche Bank has no intention to settle civil claims in the area of ​​the sum, which was named … The Bank expects that the result will be similar to those achieved with other banks, to resolve the dispute by paying much smaller amount,” – said in a statement.

This is actually already happening. Citigroup, which the Ministry of Justice initially offered to pay $ 12 billion, as a result paid $ 7 billion. Goldman Sachs paid $ 5.06 billion. However, investors in Frankfurt, reacted to the failure of the bank to accept the offer of the US Department of Justice negatively. In morning trading shares fell 8.2%.

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Investors see possibility to buy OFZ

Investors see the possibility to buy OFZ

Ruble debt market rapidly responded to the CBR decision to lower interest rates on refinancing instruments by 0.5 percentage points, which was followed by an unexpected promise chairman of the Central Bank Elvira Nabiullina not cut rates kreischa least until early next year, as inflation expectations still exceed target level. Russian debt securities against this background that fell most significantly in the past two months.

“CBR decision triggered selling along the OFZ curve. Most issues have suffered with maturities of three to five years: their yield added 15-17 b. f., other? within 10-13 b. P.” ? It said in today’s review Sberbank CIB.

Nevertheless, foreign investors do not change the strategy of the Russian debt market, showed the third best result in the emerging markets this year, against the background of the oil price recovery.

Dmitry Petrov, an analyst at Nomura International Plc, said that the market has to price in policy easing period “of three to five years.” “Our calculation is simple: the smaller the rate cut now, the more it will cut later. Mitigation is sure to be just, it is delayed, and the longer it is delayed, the more it will suschustvennym “, – the expert believes.

Viktor Szabo, involved in the management of debt securities in developing countries by about $ 11 billion at Aberdeen Asset Management Plc (LON: ADN) in London, holds in its portfolio denominated bonds (OFZ) and even contemplating to increase their share. “The central bank is clearly not satisfied with what the market is running ahead and to price aggressive rate cuts. I still believe that in Russia rates remain attractive, although the currency does not look cheap, “- he says.

Yan Den, head of research at investment company Ashmore Group Plc, does not expect to sell Russian bonds. “She (Elvira Nabiullina – Ed.) I was very militant last week, so it was a warning. Rates remain high, which is positive for the carry trade (…) Speculators, who ignored her warning on, forced to close their positions last week. That is why bonds are under pressure. It’s just closing positions. Good time for shopping, in my opinion. “

Andres Vallejo investor NationalAssetManagement, also believes OFZ market reaction to short-term. “Overstock may last for several weeks and yield 7-8-year federal loan bonds (OFZ bonds and maturing in 2027) could rise to 8.3%, and that’s when there will come a good time to resume the purchase.”

Oppenheimer Holdings Inc. may increase its stake in Russian bonds if the yield will continue to rise. Hemant Beyzhel, the head of a $ 6.2 billion Oppenheimer International Bond Fund, said: “Russia’s central bank clearly signaled that he would not cut rates this year, but he also pointed out that interest rates will continue to decline next year. We maintain our exposure to and can increase it if the yield will rise, say, in five-year bonds. Rates will be reduced next year – at least once, and possibly twice. “

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With regard to Central Bank restrictions

With regard to the Central Bank restrictions

Why does everyone think about how they will trade after the introduction of CBA restrictions? More or less professional always finds a way. Will trade through an offshore gasket broker will arrange a common pool for some traders, but will lead in the end the funds and pass the exams …

I have no doubt that the way to get into the stock market to be found. Traders in this respect as rats, which patched a hole leading to the warehouse products. Sooner or later, they will find themselves or make yourself another.

The main problem is not in this. Fresh meat will be. Potential “investor” will not look for these holes. He or forex go, or to bookmakers or a MMM. Or buy an apartment, to take …

Poker is bent after the Americans have banned plastic cards deposits do. Gone all the fish – the tables were some professionals. Not with each other is to play … Something similar awaits FORTS. There you will be taken on it, but there is easy money will be gone. There is some hope for all traders Energobank, the ads hired, but not very big …

Go to the glass usdtom, put the filter more than 1000 lots – that’s about it and you’ll see the next day after the entry into force of the new regulation

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Results of week Kuroda was not impressed markets

Results of the week: Kuroda was not impressed markets and Yellen continues reassuring

Global financial markets continue to comprehend decisions on monetary policy the US Federal Reserve and Bank of Japan.

The Fed left the federal funds rate unchanged after a meeting of the Federal Open Market Committee on Wednesday, but made it clear that the increase in borrowing costs may occur in December, when labor market conditions continue to improve.

At the same time, the US central bank has reduced the number of expected rate increases this year from two to one and predict a less aggressive interest rate rise in the next two years.

The next meeting of the Fed’s monetary policy is scheduled for the beginning of November and mid-December. Economists believe that the rate hike is unlikely in November largely because the meeting will take place just a few days before the US presidential election.

Markets are currently estimated at 15% probability of a rate hike at the November meeting, according to the forecast of the Fed rate by Investing.com. The chances of its increase is about 60% in December.

The Fed’s decision came shortly after the Bank of Japan kept interest rates unchanged at 0.1% and announced that it will be more flexibility to manage the rate of growth of the money supply, as quickly as possible to achieve the acceleration of inflation to the 2% target.

Japanese regulator moves from target to expand the monetary base targeting the yield of government bonds (JGB). The Central Bank intends to change the amounts of JGB purchases to increase the slope of the curve and keep the yield on 10-year bonds around zero.

However, investors skeptical about the ability of the Bank of Japan to achieve an inflation objective with the new measures. Some experts believe that the Japanese regulator end effects tools.

In contrast, the Federal Reserve continues to justify the market expectations regarding the timing of the next increase in US interest rates.

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Former head of Uber Kalanik considering options

The former head of Uber Kalanik considering options to return to the company

Former CEO of online taxi service Uber Travis Kalanick considering options for how to return to his post, said the publication Information, citing sources familiar with the situation.

Kalanik received a letter from the investors with the requirements of the resignation and after negotiations agreed to leave his post in June. Kalanik remains in Uber Board of Directors.

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Medvedev reserve funds should be spent sparingly

Medvedev: reserve funds should be spent sparingly

Reserve Funds of the Russian Federation need to spend sparingly to preserve the opportunity for additional flexibility in the future, said Russian Prime Minister Dmitry Medvedev, speaking at the plenary session during the International Investment Forum in Sochi.

Speaking of the federal budget of the Russian Federation, head of the government noted that it must be balanced. In his opinion, "it is an absolute axiom".

"We will continue to improve the efficiency of spending. Spending money you need maximum attention, rationally"- Prime Minister added. He stressed that in the first instance be financed those projects for which there is a significant return for the population and economy.

In addition, the budget will be typeset in view of the implementation of priority projects, reminded the head of the government. "It is formed around the ideas that we want to realize by working on these priority areas. Therefore, anything that is not directly related to the priorities should be subjected to the most thorough analysis, and if necessary, simply optimized, ie reduced. Priorities can not be vague and amorphous", – he said.

Medvedev promised that all the social obligations that the state is currently the accepted, will be executed. "The budget is the main tool of our social policy", – he stressed.

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In October Iran can hold presentation of new

In October, Iran can hold presentation of new oil contracts for Russian investors.

Iran’s Oil Ministry in October may lead the presentation of new oil contracts for Russian investors.

As the head of Russian Ministry of Energy Alexander Novak, he has reached the appropriate agreement during a meeting with Iranian Oil Minister Bizhanom Zangane in Algeria.

"With Iran’s oil minister, we discussed cooperation in energy matters. In particular, several of our Russian company specifically examined the oil contract, which was submitted. This is a company "LUKOIL (MCX: LKOH)". "Zarubezhneft". In the near future, we agreed that the Iranian side will make a presentation, when our companies will be able to fly, and the Iranian side will present contract more widely", – he said.

The Minister expressed the view that the presentation will be held during October

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Siluanov Target price of oil in budget will remain

Siluanov: Target price of oil in the budget will remain at $ 40 per barrel

The government is finalizing the preparation of the budget for the next three years.

"Every year it is planned to reduce the imbalance which has occurred as a result of lower oil prices. The share of oil and gas revenues accounted for more than 40%, so the budget will be brought in line with the opportunities that we have. Each year, provided decrease in imbalance by 1% to 2019 to bring the budget to the level of 1% of GDP"- said Anton Siluanov, Russia’s finance minister, the TV channel "Russia 24" at the International Investment Forum in Sochi.

"The budget is based on an oil price of $ 40 per barrel. After the decision of OPEC oil prices rising, but the target price remains at the same level. If we see a large figure, it will reduce the spending of reserve funds, or reduce the amount of borrowing in the domestic and foreign markets"- the minister added.

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Lufthansa shares almost no reaction to news about

Lufthansa shares almost no reaction to the news about the strike pilots

Shares of Deutsche Lufthansa rose 0.5% to 12.94 euros, in spite of the news of the cancellation of 876 of the 3,000 flights scheduled for Wednesday, due to the pilots strike. In this case, the airline of paper behind the DAX and the shares of competitors such as Air France-KLM and International Consolidated Airlines. "Investors are generally quite well aware of the potential consequences of the pilots strike"- said one trader. However, according to him, if the strike will be significantly expanded, it could put pressure on Lufthansa shares.

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Bank of Singapore Barclays completed acquisition

Bank of Singapore Barclays completed the acquisition of businesses in Hong Kong and Singapore

Bank of Singapore, a division Oversea-Chinese Banking Corp. (OCBC) wealth management, on Monday announced that it has completed the acquisition of Barclays businesses in Singapore and Hong Kong. Asset management business of wealthy individuals and investments were sold for 227.5 million US dollars. Purchase businesses favors the competitiveness of the wealth management firms in Asia, where the largest banks of the world are fighting for the sector, which, unlike most types of banking is growing. Thus, traditional asset management and retail banking operations are in a difficult position. OCBC Singapore and its competitors are already playing a leading role in a saturated market of retail banking operations in the country. As a result, these banks are trying to compete in the local and international level in the provision of other services. OCBC Bank of Singapore, established in 2010, and since then the assets under management have grown from 22 to 62 billion US dollars. Barclays businesses with the purchase amount will be increased by another $ 13 billion.

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