Las ganancias de Xerox bajan 5%
Trichet: el ECB hara lo que sea necesario para combatir la inflacion.
Recordemos que a diferencia del Fed en US, el ECB no tiene el mandato de promover el full empleo en Europa.
Yields down 3.39%
Miercoles 26/01/11 La decision del Fed
Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 11:34 am
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Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 11:35 am
Obama solicita unidad política y el congelar los gastos en su discurso del estado de la Unión
Por Patrick O'Connor
WASHINGTON(Dow Jones)--El presidente Barack Obama utilizó su discurso del estado de la Unión para desafiar a los legisladores de ambos partidos a superar las divisiones partidistas para resolver los problemas, lo que permitirá a Estados Unidos competir en la economía mundial.
"Para ganar el futuro, necesitaremos enfrentarnos a los desafíos que se han gestado durante décadas", dijo el martes el mandatario ante una sesión conjunta del Congreso.
Obama hizo un llamado al Congreso para reducir la tasa tributaria corporativa mediante la eliminación de lagunas legales, encontrar espacios para recortar gastos en el gobierno e invertir más dinero en educación, infraestructura e investigación. El presidente también hizo un llamado a que se congelen por cinco años los gastos discrecionales no vinculados a la defensa.
"Necesitamos hacer de América el mejor lugar en el tierra para hacer negocios", afirmó.
Obama desafío a los republicanos a ir más allá de la política divisiva de la última elección para asegurar que el país sostenga su recuperación económica y logre "el momento Sputnik de nuestra generación" ante la competencia global de países como China.
El discurso del presidente marca el inicio oficial del calendario legislativo y representa, además, el comienzo no oficial de su propia campaña de reelección.
El presidente también exhortó a un plan de seis años para reparar carreteras, puentes y sistemas de tránsito, así como una expansión de los servicios inalámbricos de Internet, con la meta de que un 95% del país pueda acceder a Internet remotamente en los próximos cinco años.
En su discurso, el presidente señaló que buscará reducir la tasa de impuestos corporativos sin agregar un centavo al déficit. El recorte de tasas sería posible gracias a la anulación de exenciones tributarias que benefician a sectores específicos, en el proceso de crear ganadores y perdedores entre las empresas.
Así mismo, Obama hizo una ferviente defensa de la energía renovable el martes, al decir que el país debería suministrar el 80% de su electricidad a partir de fuentes limpias en 2035 y profundizar la apuesta por la investigación y el desarrollo de proyectos eliminando unos US$4.000 millones de subsidios anuales para el petróleo, el gas y otros productores de fuel.
El énfasis de Obama en las inversiones en energía renovable marca un punto de inflexión frente a los esfuerzos por desarrollar una política integral de cambio climático con el Congreso, lo que pone de manifiesto la realidad política y la oposición republicana a la regulación sobre gases de efecto invernadero.
La atención que se le ha prestado a las energías limpias subraya la creencia de la Casa Blanca de que la producción nacional de energía eólica, solar y de otros tipos de energías renovables --así como de tecnologías innovadoras que las hagan más baratas y más confiables-- podría crear empleos en una débil economía y reducir la dependencia del país de los combustibles fósiles.
El presidente dijo que su presupuesto de 2012 incrementaría la financiación en tecnologías renovables en un tercio frente al año anterior, lo que supone unos US$8.000 millones.
"En vez de subsidiar la energía del ayer, invirtamos en la del mañana", dijo Obama en el discurso del Estado de la Unión ante las dos cámaras del Congreso. "Los progresos de la energía limpia sólo se trasladará a los empleos si los empresarios saben que habrá mercado para lo que venden", añadió.
Obama dijo que reconoce que mucha gente quiere más energía eólica y solar, mientras que otros quieren más carbón limpio, energía nuclear y gas natural. "Para lograr este objetivo, las necesitaremos todas --y pido a los demócratas y a los republicanos que trabajen juntos para hacerlo realidad", dijo Obama.
El presidente dijo que su presupuesto incluiría también incentivos a los coches eléctricos, con el objetivo de poner 1 millón de estos vehículos en la carretera para 2015.
El plan de Obama también pretende lograr un incremento significativo en la investigación y desarrollo con fondos públicos, con el objetivo en parte de bajar el costo de la energía solar a menos de un dólar por vatio.
Por Patrick O'Connor
WASHINGTON(Dow Jones)--El presidente Barack Obama utilizó su discurso del estado de la Unión para desafiar a los legisladores de ambos partidos a superar las divisiones partidistas para resolver los problemas, lo que permitirá a Estados Unidos competir en la economía mundial.
"Para ganar el futuro, necesitaremos enfrentarnos a los desafíos que se han gestado durante décadas", dijo el martes el mandatario ante una sesión conjunta del Congreso.
Obama hizo un llamado al Congreso para reducir la tasa tributaria corporativa mediante la eliminación de lagunas legales, encontrar espacios para recortar gastos en el gobierno e invertir más dinero en educación, infraestructura e investigación. El presidente también hizo un llamado a que se congelen por cinco años los gastos discrecionales no vinculados a la defensa.
"Necesitamos hacer de América el mejor lugar en el tierra para hacer negocios", afirmó.
Obama desafío a los republicanos a ir más allá de la política divisiva de la última elección para asegurar que el país sostenga su recuperación económica y logre "el momento Sputnik de nuestra generación" ante la competencia global de países como China.
El discurso del presidente marca el inicio oficial del calendario legislativo y representa, además, el comienzo no oficial de su propia campaña de reelección.
El presidente también exhortó a un plan de seis años para reparar carreteras, puentes y sistemas de tránsito, así como una expansión de los servicios inalámbricos de Internet, con la meta de que un 95% del país pueda acceder a Internet remotamente en los próximos cinco años.
En su discurso, el presidente señaló que buscará reducir la tasa de impuestos corporativos sin agregar un centavo al déficit. El recorte de tasas sería posible gracias a la anulación de exenciones tributarias que benefician a sectores específicos, en el proceso de crear ganadores y perdedores entre las empresas.
Así mismo, Obama hizo una ferviente defensa de la energía renovable el martes, al decir que el país debería suministrar el 80% de su electricidad a partir de fuentes limpias en 2035 y profundizar la apuesta por la investigación y el desarrollo de proyectos eliminando unos US$4.000 millones de subsidios anuales para el petróleo, el gas y otros productores de fuel.
El énfasis de Obama en las inversiones en energía renovable marca un punto de inflexión frente a los esfuerzos por desarrollar una política integral de cambio climático con el Congreso, lo que pone de manifiesto la realidad política y la oposición republicana a la regulación sobre gases de efecto invernadero.
La atención que se le ha prestado a las energías limpias subraya la creencia de la Casa Blanca de que la producción nacional de energía eólica, solar y de otros tipos de energías renovables --así como de tecnologías innovadoras que las hagan más baratas y más confiables-- podría crear empleos en una débil economía y reducir la dependencia del país de los combustibles fósiles.
El presidente dijo que su presupuesto de 2012 incrementaría la financiación en tecnologías renovables en un tercio frente al año anterior, lo que supone unos US$8.000 millones.
"En vez de subsidiar la energía del ayer, invirtamos en la del mañana", dijo Obama en el discurso del Estado de la Unión ante las dos cámaras del Congreso. "Los progresos de la energía limpia sólo se trasladará a los empleos si los empresarios saben que habrá mercado para lo que venden", añadió.
Obama dijo que reconoce que mucha gente quiere más energía eólica y solar, mientras que otros quieren más carbón limpio, energía nuclear y gas natural. "Para lograr este objetivo, las necesitaremos todas --y pido a los demócratas y a los republicanos que trabajen juntos para hacerlo realidad", dijo Obama.
El presidente dijo que su presupuesto incluiría también incentivos a los coches eléctricos, con el objetivo de poner 1 millón de estos vehículos en la carretera para 2015.
El plan de Obama también pretende lograr un incremento significativo en la investigación y desarrollo con fondos públicos, con el objetivo en parte de bajar el costo de la energía solar a menos de un dólar por vatio.
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Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 11:44 am
66% de los inversionistas tienen una opinion favorable de Bernanke
Yields down 3.39%
En azul +0.95
Yields down 3.39%
En azul +0.95
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Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 11:49 am
ERX +4.20%
F +1.96%
+7.38
Oil up 86.78
F +1.96%
+7.38
Oil up 86.78
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Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 11:53 am
La mayoria de inversionistas pronostica que por lo menos una nacion abandonara la zona euro y que Ireland y Grecia caeran en default.
Greece Default With Ireland to Break Euro by 2016 in Global Investor Poll
By Simon Kennedy - Jan 26, 2011 7:17 AM ET
inShare.22More
Business ExchangeBuzz up!DiggPrint Email . George Papaconstantinou, Greece's finance minister. Photographer: Kostas Tsironis/Bloomberg
Play VideoJan. 26 (Bloomberg) -- Sixty-six percent of investors have a favorable view of Federal Reserve Chairman Ben S. Bernanke, compared with 31 percent unfavorable, according to a quarterly global poll of 1,000 Bloomberg customers who are investors, traders or analysts conducted Jan. 21-24. Investors don't have the same positive regard for the central bank's actions, with just 27 percent saying the Fed's plan to buy Treasuries is working as intended. Separately, most global investors predict at least one nation will leave the euro area within five years and that Greece and Ireland will default. Bloomberg's Betty Liu reports. (Source: Bloomberg)
Chart: Poll Results Attachment: Poll results and methodology Demonstrators hurl runs a petrol bomb during a protest in Athens last December. Photographer: Aris Messinis/AFP/Getty Images
Most global investors predict at least one nation will leave the euro area within five years and that Greece and Ireland will default, sentiment that is intensifying pressure on policy makers to strengthen their response to the debt crisis.
As the World Economic Forum’s annual meeting gets under way, 59 percent of respondents in a Bloomberg Global Poll said one or more of the 17 euro nations will quit by 2016, including 11 percent who see an exit within 12 months. Respondents were divided over whether Portugal would default, while a majority expressed confidence in Spain.
Such pessimism underscores the urgency German Chancellor Angela Merkel and French President Nicolas Sarkozy face in their hunt for new ways to placate investors after almost $1 trillion in emergency financial support failed to calm markets. Europe’s plight ranks high on the agenda for the conference in the Swiss ski resort of Davos, where Merkel, Sarkozy and European Central Bank President Jean-Claude Trichet are among the 2,500 officials, bankers and economists attending.
“The problems in Europe have been addressed, but only with a band aid,” said Ted Jarvis, senior vice president at the Indiana Trust Company in Anderson, Indiana, who participated in the survey. “Several euro members have not followed the correct policies and dug themselves a deep hole.”
Biggest Risk
Portugal’s 10-year bond fell today, pushing the yield up 6 basis points to 7.12 percent, 391 basis points more than on the comparable German bond. Spanish bond yields climbed 3 basis points to 5.37 percent, while the yield on Greece’s 10-year bond gained 6 basis points to 11.4 percent.
“What’s happening in the euro zone is one of the biggest risks to the global economy,” said New York University Professor Nouriel Roubini at the World Economic Forum’s opening session today.
Respondents in the poll completed this week of 1,000 investors, analysts or traders who are Bloomberg customers were almost evenly divided about whether the euro area will eventually collapse. Most of the 45 percent who anticipated a breakdown said it wouldn’t occur in the next five years; 48 percent said it would never happen.
‘Tarnished for Life’
“It’s very difficult to imagine a scenario in which the euro would break up,” said Kenneth Broux, a senior market economist at Lloyds TSB Corporate Markets in London and another of those surveyed. “The political investment in the project is way too high and Europe’s capital market is now the biggest in the world.”
A year after Greek officials toured the halls of the Davos Congress Center in an ultimately futile bid to bolster demand for their bonds, Europe’s governments are now trying to augment the crisis-fighting toolkit they designed when rescuing that country in May and Ireland in November. Among the proposals being discussed are boosting the region’s 750 billion-euro ($1 trillion) rescue fund, helping countries buy back their bonds and lowering interest rates on bailout loans.
“We support whatever is needed to support the euro,” Merkel, who will address the Davos meeting Jan. 28, said on Jan. 12.
Default Risk
As well as the majority predicting a euro-region member withdrawing within five years, another 13 percent said a country will leave after that. Just under a quarter said the region would remain intact. Almost half of the euro-area poll participants said the currency bloc will keep its current form, four times as many as in the U.S.
Corrado Passera, chief executive officer of Italian bank Intesa Sanpaolo SpA, said today that there is a risk of sovereign default in Europe.
“The risk is there,” Passera said in an interview with Tom Keene on Bloomberg Television in Davos. “We have to do our best to avoid it. I believe it is within our reach, the possibility to avoid those defaults. If they happen we can manage them, but we should really avoid them.”
Trichet, who is attending his final forum meeting as ECB chief, calls the idea of the euro area losing a member an “absurd hypothesis.” Some of the economists and historians visiting Davos are not as confident, with Massachusetts Institute of Technology professor Simon Johnson predicting Greece and perhaps Portugal will depart at some point.
Johnson, Ferguson
“The euro zone will come out of this, but with a stronger core and some leaving,” Johnson, a former chief economist at the International Monetary Fund, said in a Jan. 5 interview. Harvard University Professor Niall Ferguson told Bloomberg Television on Jan. 12 that the euro risks “disintegration” unless its leaders agree to a more binding fiscal union.
While Greece’s government denies it’s studying ways to restructure debt, almost three-quarters of poll respondents said the country ultimately would likely default; 53 percent said Ireland would also probably do so.
“Nobody mentions that all these debt bailouts are funded with additional debt,” said Kevin Baldauf, a portfolio manager at Wafra Investment Advisory Group Inc. in New York, who views Greece as likely to default. “You can’t solve a debt problem with additional debt. It buys you time, but hurts you in the medium to long run.”
Portugal Risk
As for Portugal, 47 percent said it will likely default and 48 percent said it’s unlikely to. Two-thirds of the investors said Spain won’t default and three-quarters didn’t anticipate Italy doing so.
The cost of insuring Portuguese debt against default fell 1 basis point to 441 basis points today, down from a record 551 on Nov. 30. Spain’s credit default swaps rose 2 basis points to 268, down from 365 basis points on Nov. 30.
“More likely than a breakup and more urgent is the need for some countries to restructure their debts,” said Nariman Behravesh, chief economist at consultants IHS in Lexington, Massachusetts, who is attending the Davos meeting. “It is going to happen sooner rather than later.”
By comparison, more than 90 percent of those questioned said neither the U.S. nor U.K. will default. Forty-six percent see a good chance U.S. will be infected by the crisis, while 53 percent say it’s unlikely. Half said that the dollar will be stronger against the euro in three months, up from 33 percent in November. The euro traded today at $1.3695, down 1.4 percent since the end of October.
Sarkozy, Merkel
Sarkozy and Merkel are both delivering keynote speeches in Davos this week. Trichet will participate in a session on the euro tomorrow, while EU Economic and Monetary Affairs Commissioner Olli Rehn -- who said Jan. 12 no country will restructure its debt -- will appear on a similar panel the same day alongside Greek Finance Minister George Papaconstantinou.
EU officials are eyeing a March 24-25 summit to complete a comprehensive package of reforms that overhauls their rescue tools, maps out a future aid mechanism and tightens fiscal coordination. Other Davos attendees include Klaus Regling, the manager of the euro-region’s bailout fund, Bundesbank President Axel Weber and Spanish Finance Minister Elena Salgado.
Investors are expressing confidence in the performances of European leaders, the poll showed. Sixty-nine percent said they had a favorable view of Merkel and 63 percent had a positive opinion of U.K. Prime Minister David Cameron, while 56 percent viewed ECB’s Trichet favorably.
Asked if they expected governments to take steps to rein in bank bonuses, 62 percent said they didn’t and 34 percent said they did.
The quarterly Bloomberg Global Poll of investors, traders and analysts was conducted by Selzer & Co., a Des Moines, Iowa- based firm, and is based on interviews with a random sample of 1,000 Bloomberg subscribers. It was conducted Jan 21-24 and has a margin of error of plus or minus 3.1 percentage points.
To contact the reporter on this story: Simon Kennedy in Davos, Switzerland at skennedy4@bloomberg.net
Greece Default With Ireland to Break Euro by 2016 in Global Investor Poll
By Simon Kennedy - Jan 26, 2011 7:17 AM ET
inShare.22More
Business ExchangeBuzz up!DiggPrint Email . George Papaconstantinou, Greece's finance minister. Photographer: Kostas Tsironis/Bloomberg
Play VideoJan. 26 (Bloomberg) -- Sixty-six percent of investors have a favorable view of Federal Reserve Chairman Ben S. Bernanke, compared with 31 percent unfavorable, according to a quarterly global poll of 1,000 Bloomberg customers who are investors, traders or analysts conducted Jan. 21-24. Investors don't have the same positive regard for the central bank's actions, with just 27 percent saying the Fed's plan to buy Treasuries is working as intended. Separately, most global investors predict at least one nation will leave the euro area within five years and that Greece and Ireland will default. Bloomberg's Betty Liu reports. (Source: Bloomberg)
Chart: Poll Results Attachment: Poll results and methodology Demonstrators hurl runs a petrol bomb during a protest in Athens last December. Photographer: Aris Messinis/AFP/Getty Images
Most global investors predict at least one nation will leave the euro area within five years and that Greece and Ireland will default, sentiment that is intensifying pressure on policy makers to strengthen their response to the debt crisis.
As the World Economic Forum’s annual meeting gets under way, 59 percent of respondents in a Bloomberg Global Poll said one or more of the 17 euro nations will quit by 2016, including 11 percent who see an exit within 12 months. Respondents were divided over whether Portugal would default, while a majority expressed confidence in Spain.
Such pessimism underscores the urgency German Chancellor Angela Merkel and French President Nicolas Sarkozy face in their hunt for new ways to placate investors after almost $1 trillion in emergency financial support failed to calm markets. Europe’s plight ranks high on the agenda for the conference in the Swiss ski resort of Davos, where Merkel, Sarkozy and European Central Bank President Jean-Claude Trichet are among the 2,500 officials, bankers and economists attending.
“The problems in Europe have been addressed, but only with a band aid,” said Ted Jarvis, senior vice president at the Indiana Trust Company in Anderson, Indiana, who participated in the survey. “Several euro members have not followed the correct policies and dug themselves a deep hole.”
Biggest Risk
Portugal’s 10-year bond fell today, pushing the yield up 6 basis points to 7.12 percent, 391 basis points more than on the comparable German bond. Spanish bond yields climbed 3 basis points to 5.37 percent, while the yield on Greece’s 10-year bond gained 6 basis points to 11.4 percent.
“What’s happening in the euro zone is one of the biggest risks to the global economy,” said New York University Professor Nouriel Roubini at the World Economic Forum’s opening session today.
Respondents in the poll completed this week of 1,000 investors, analysts or traders who are Bloomberg customers were almost evenly divided about whether the euro area will eventually collapse. Most of the 45 percent who anticipated a breakdown said it wouldn’t occur in the next five years; 48 percent said it would never happen.
‘Tarnished for Life’
“It’s very difficult to imagine a scenario in which the euro would break up,” said Kenneth Broux, a senior market economist at Lloyds TSB Corporate Markets in London and another of those surveyed. “The political investment in the project is way too high and Europe’s capital market is now the biggest in the world.”
A year after Greek officials toured the halls of the Davos Congress Center in an ultimately futile bid to bolster demand for their bonds, Europe’s governments are now trying to augment the crisis-fighting toolkit they designed when rescuing that country in May and Ireland in November. Among the proposals being discussed are boosting the region’s 750 billion-euro ($1 trillion) rescue fund, helping countries buy back their bonds and lowering interest rates on bailout loans.
“We support whatever is needed to support the euro,” Merkel, who will address the Davos meeting Jan. 28, said on Jan. 12.
Default Risk
As well as the majority predicting a euro-region member withdrawing within five years, another 13 percent said a country will leave after that. Just under a quarter said the region would remain intact. Almost half of the euro-area poll participants said the currency bloc will keep its current form, four times as many as in the U.S.
Corrado Passera, chief executive officer of Italian bank Intesa Sanpaolo SpA, said today that there is a risk of sovereign default in Europe.
“The risk is there,” Passera said in an interview with Tom Keene on Bloomberg Television in Davos. “We have to do our best to avoid it. I believe it is within our reach, the possibility to avoid those defaults. If they happen we can manage them, but we should really avoid them.”
Trichet, who is attending his final forum meeting as ECB chief, calls the idea of the euro area losing a member an “absurd hypothesis.” Some of the economists and historians visiting Davos are not as confident, with Massachusetts Institute of Technology professor Simon Johnson predicting Greece and perhaps Portugal will depart at some point.
Johnson, Ferguson
“The euro zone will come out of this, but with a stronger core and some leaving,” Johnson, a former chief economist at the International Monetary Fund, said in a Jan. 5 interview. Harvard University Professor Niall Ferguson told Bloomberg Television on Jan. 12 that the euro risks “disintegration” unless its leaders agree to a more binding fiscal union.
While Greece’s government denies it’s studying ways to restructure debt, almost three-quarters of poll respondents said the country ultimately would likely default; 53 percent said Ireland would also probably do so.
“Nobody mentions that all these debt bailouts are funded with additional debt,” said Kevin Baldauf, a portfolio manager at Wafra Investment Advisory Group Inc. in New York, who views Greece as likely to default. “You can’t solve a debt problem with additional debt. It buys you time, but hurts you in the medium to long run.”
Portugal Risk
As for Portugal, 47 percent said it will likely default and 48 percent said it’s unlikely to. Two-thirds of the investors said Spain won’t default and three-quarters didn’t anticipate Italy doing so.
The cost of insuring Portuguese debt against default fell 1 basis point to 441 basis points today, down from a record 551 on Nov. 30. Spain’s credit default swaps rose 2 basis points to 268, down from 365 basis points on Nov. 30.
“More likely than a breakup and more urgent is the need for some countries to restructure their debts,” said Nariman Behravesh, chief economist at consultants IHS in Lexington, Massachusetts, who is attending the Davos meeting. “It is going to happen sooner rather than later.”
By comparison, more than 90 percent of those questioned said neither the U.S. nor U.K. will default. Forty-six percent see a good chance U.S. will be infected by the crisis, while 53 percent say it’s unlikely. Half said that the dollar will be stronger against the euro in three months, up from 33 percent in November. The euro traded today at $1.3695, down 1.4 percent since the end of October.
Sarkozy, Merkel
Sarkozy and Merkel are both delivering keynote speeches in Davos this week. Trichet will participate in a session on the euro tomorrow, while EU Economic and Monetary Affairs Commissioner Olli Rehn -- who said Jan. 12 no country will restructure its debt -- will appear on a similar panel the same day alongside Greek Finance Minister George Papaconstantinou.
EU officials are eyeing a March 24-25 summit to complete a comprehensive package of reforms that overhauls their rescue tools, maps out a future aid mechanism and tightens fiscal coordination. Other Davos attendees include Klaus Regling, the manager of the euro-region’s bailout fund, Bundesbank President Axel Weber and Spanish Finance Minister Elena Salgado.
Investors are expressing confidence in the performances of European leaders, the poll showed. Sixty-nine percent said they had a favorable view of Merkel and 63 percent had a positive opinion of U.K. Prime Minister David Cameron, while 56 percent viewed ECB’s Trichet favorably.
Asked if they expected governments to take steps to rein in bank bonuses, 62 percent said they didn’t and 34 percent said they did.
The quarterly Bloomberg Global Poll of investors, traders and analysts was conducted by Selzer & Co., a Des Moines, Iowa- based firm, and is based on interviews with a random sample of 1,000 Bloomberg subscribers. It was conducted Jan 21-24 and has a margin of error of plus or minus 3.1 percentage points.
To contact the reporter on this story: Simon Kennedy in Davos, Switzerland at skennedy4@bloomberg.net
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Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 11:57 am
RVBD +4.48%
HAL +5.85%
SLB +3.56%
JPM +0.94%
DAG +2.94%
Oil up 86.87
+4.31
HAL +5.85%
SLB +3.56%
JPM +0.94%
DAG +2.94%
Oil up 86.87
+4.31
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Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 11:59 am
BVN +2.81%
SCCO +1.87%
C +0.52%
+3.10
SCCO +1.87%
C +0.52%
+3.10
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Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 12:11 pm
F +2.24%
RVBD +5.22%
DAG +3.27%
+11.96
RVBD +5.22%
DAG +3.27%
+11.96
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Re: Miercoles 25/01/11 La decision del Fed
por admin » Mié Ene 26, 2011 12:16 pm
El rescate de Citi fue un negocio redondo para el gobierno, nada menos que $12.3 billones de ganancias.
TARP Profit on Citigroup: $12.3 Billion
By TOM BARKLEY
WASHINGTON—The U.S. is set to record a net $312.2 million from its sale of its final 465.1 million warrants to purchase common shares of Citigroup Inc., the Treasury Department said Wednesday.
The sale of the warrants, expected to close Monday, will allow the government to dispose of the remaining stake in Citigroup obtained through the Troubled Asset Relief Program, or TARP.
Overall, taxpayers are expected to end up with a $12.3 billion profit on the government's $45 billion investment in the company during the 2008 financial-sector bailout. Last year, Treasury sold its 34% stake of common shares of Citigroup.
"As we exit our investments in private companies and recover taxpayer dollars, it's clear that the cost of the TARP program will be a fraction of what many had once feared during the depths of the crisis," Tim Massad, Treasury's acting assistant secretary for financial stability, said in a statement.
Citigroup welcomed the announcement.
"With a full year of profitability behind us, we have built a strong foundation for sustainable and responsible growth," said Jon Diat, managing director in financial communications at the bank.
Last month, Treasury trimmed its estimate for how much the $700 billion TARP will end up costing taxpayers by about $1 billion to $28 billion, with estimated gains from its investments in banks and American International Group Inc. expected to partially offset losses in its foreclosure prevention programs. The nonpartisan Congressional Budget Office has put that figure at about $25 billion.
Treasury continues to wind down the program, planning later this year to unload big stakes in insurance giant AIG and auto-finance company Ally Financial Inc., formerly known as GMAC Financial Services Inc.
It also recently announced plans to auction warrants in Boston Private Financial Holdings and Wintrust Financial Corp.
The government will still own a modest interest in Citi, through Trust Preferred Securities held by the Federal Deposit Insurance Corp. The FDIC must turn over the securities, with a principal value of $800 million, to Treasury unless it incurs any losses on debt of Citigroup guaranteed by the FDIC under the Temporary Liquidity Guarantee Program.
Banks accepting TARP money were required to provide the Treasury with warrants to maximize returns on the taxpayer funds. The Treasury has been auctioning its warrants over the past several months as banks have repaid their government loans.
Citigroup's share price would have to more than double for new holders of the warrants to exercise them, with shares recently up 0.4% at $4.84.
The warrants have a range of expiration dates and strike prices. They expire from Oct. 28, 2018 to Jan. 15, 2019, with a strike price between $10.61 and $17.85.
The warrants were sold through a Dutch auction method, which sets a market price by allowing investors to submit bids above a minimum price specified for each auction. Deutsche Bank Securities was in charge of the sale.
TARP Profit on Citigroup: $12.3 Billion
By TOM BARKLEY
WASHINGTON—The U.S. is set to record a net $312.2 million from its sale of its final 465.1 million warrants to purchase common shares of Citigroup Inc., the Treasury Department said Wednesday.
The sale of the warrants, expected to close Monday, will allow the government to dispose of the remaining stake in Citigroup obtained through the Troubled Asset Relief Program, or TARP.
Overall, taxpayers are expected to end up with a $12.3 billion profit on the government's $45 billion investment in the company during the 2008 financial-sector bailout. Last year, Treasury sold its 34% stake of common shares of Citigroup.
"As we exit our investments in private companies and recover taxpayer dollars, it's clear that the cost of the TARP program will be a fraction of what many had once feared during the depths of the crisis," Tim Massad, Treasury's acting assistant secretary for financial stability, said in a statement.
Citigroup welcomed the announcement.
"With a full year of profitability behind us, we have built a strong foundation for sustainable and responsible growth," said Jon Diat, managing director in financial communications at the bank.
Last month, Treasury trimmed its estimate for how much the $700 billion TARP will end up costing taxpayers by about $1 billion to $28 billion, with estimated gains from its investments in banks and American International Group Inc. expected to partially offset losses in its foreclosure prevention programs. The nonpartisan Congressional Budget Office has put that figure at about $25 billion.
Treasury continues to wind down the program, planning later this year to unload big stakes in insurance giant AIG and auto-finance company Ally Financial Inc., formerly known as GMAC Financial Services Inc.
It also recently announced plans to auction warrants in Boston Private Financial Holdings and Wintrust Financial Corp.
The government will still own a modest interest in Citi, through Trust Preferred Securities held by the Federal Deposit Insurance Corp. The FDIC must turn over the securities, with a principal value of $800 million, to Treasury unless it incurs any losses on debt of Citigroup guaranteed by the FDIC under the Temporary Liquidity Guarantee Program.
Banks accepting TARP money were required to provide the Treasury with warrants to maximize returns on the taxpayer funds. The Treasury has been auctioning its warrants over the past several months as banks have repaid their government loans.
Citigroup's share price would have to more than double for new holders of the warrants to exercise them, with shares recently up 0.4% at $4.84.
The warrants have a range of expiration dates and strike prices. They expire from Oct. 28, 2018 to Jan. 15, 2019, with a strike price between $10.61 and $17.85.
The warrants were sold through a Dutch auction method, which sets a market price by allowing investors to submit bids above a minimum price specified for each auction. Deutsche Bank Securities was in charge of the sale.
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Re: Miercoles 25/01/11 La decision del Fed
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Movimientos de mercado por variación diariaAcciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
MILPOI1 5.50 0.73 15.06
EXSAI1 2.05 0.20 10.81
ALT US$ 0.22 US$ 0.01 4.76
VOLCAAC1 4.75 0.20 4.63
FALABEC1 4.60 0.20 4.55
Acciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
MOROCOI1 0.85 -0.03 -3.41
HIDRA2C1 0.57 -0.01 -1.72
BAP US$ 109.95 US$ -1.55 -1.39
CDG US$ 0.82 US$ -0.01 -1.20
NOM US$ 4.50 US$ -0.02 -0.44
MILPOI1 5.50 0.73 15.06
EXSAI1 2.05 0.20 10.81
ALT US$ 0.22 US$ 0.01 4.76
VOLCAAC1 4.75 0.20 4.63
FALABEC1 4.60 0.20 4.55
Acciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
MOROCOI1 0.85 -0.03 -3.41
HIDRA2C1 0.57 -0.01 -1.72
BAP US$ 109.95 US$ -1.55 -1.39
CDG US$ 0.82 US$ -0.01 -1.20
NOM US$ 4.50 US$ -0.02 -0.44
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Re: Miercoles 25/01/11 La decision del Fed
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Ag up 26.91
Copper January 26,12:19
Bid/Ask 4.2525 - 4.2540
Change +0.0333 +0.79%
Low/High 4.2011 - 4.2645
Charts
Nickel January 26,12:18
Bid/Ask 12.0350 - 12.0509
Change +0.3674 +3.15%
Low/High 11.6449 - 12.0527
Charts
Aluminum January 26,12:19
Bid/Ask 1.0624 - 1.0628
Change +0.0094 +0.89%
Low/High 1.0507 - 1.0676
Charts
Zinc January 26,12:18
Bid/Ask 1.0207 - 1.0216
Change +0.0145 +1.44%
Low/High 1.0018 - 1.0245
Charts
Lead January 26,12:16
Bid/Ask 1.1347 - 1.1374
Change +0.0222 +1.99%
Low/High 1.1102 - 1.1549
Copper January 26,12:19
Bid/Ask 4.2525 - 4.2540
Change +0.0333 +0.79%
Low/High 4.2011 - 4.2645
Charts
Nickel January 26,12:18
Bid/Ask 12.0350 - 12.0509
Change +0.3674 +3.15%
Low/High 11.6449 - 12.0527
Charts
Aluminum January 26,12:19
Bid/Ask 1.0624 - 1.0628
Change +0.0094 +0.89%
Low/High 1.0507 - 1.0676
Charts
Zinc January 26,12:18
Bid/Ask 1.0207 - 1.0216
Change +0.0145 +1.44%
Low/High 1.0018 - 1.0245
Charts
Lead January 26,12:16
Bid/Ask 1.1347 - 1.1374
Change +0.0222 +1.99%
Low/High 1.1102 - 1.1549
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