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With global developed market bond yields crashing to record lows and almost $10 trillion of negative-yielding debt worldwide, it is no surprise that money managers are concerned that “it’s starting to feel like 2008.” Global developed market bond yields crashed once again to new record lows overnight at just 40.0bps (having plunged from 63bps pre-Brexit)… […]Read More

Exactly one month ago we reported that BlackRock, the world’s largest asset manager, had downgraded global equities to Neutral, saying “U.S. valuations are elevated.” The chief catalyst for that call was BlackRock’s assumption that a summer Fed rate hike was imminent, something which now is assured won’t happen for years. So overnight BlackRock shifted its […]Read More

Markit’s Chris Williamson sums up today’s Services sector data in three simple words – “Rebound? What Rebound?” With new business expanding at the fastest pace since January but business confidence plumbing record lows, there appears to be total confusion in the Services economy as today’s PMI print at 51.4 offers little hope for Q2 GDP. […]Read More

With European stocks tumbling, it was only a matter of time before someone pulled the biggest circuit breaker of all, i.e., the plug. And sure enough: EUREX SAYS IT DOESN’T CURRENTLY HAVE STOXX UNDERLYING PRICES EURO STOXX 50 AND STOXX 600 HAVE NOT CALCULATED FOR 50+ MINS DEUTSCHE BOERSE SPOKESWOMAN CONFIRMS STOXX 600 NOT CALCULATING […]

While details are sparse, AP reports that President Obama will announce today his plans to increase to around 8,400 the number of U.S. troops in Afghanistan when he leaves office. The numbers reflect a compromise between Obama’s original plan and what many military commanders had recommended. Obama had planned to drop troop levels from 9,800 […]Read More

The latest red flag about the solvency and viability of the European banking sector came this morning from none other than the chairman of Societe General and former ECB executive board member, Lorenzo Bini Smaghi who warned today that Italy’s banking crisis could spread to the rest of Europe. “The whole banking market is under […]

By Chris at www.CapitalistExploits.at This weekend just gone, my wife and I drove our kids to a park on the other side of town for a kite flying contest. Let me just say that kite flying inspires me for all of 10 minutes. Maybe… just. I guess it’s sort of pretty but it’s completely pointless and, unless you […]Read More

Does ‘4’ make a trend? First Standard Life, then Aviva, followed by M&G and now this morning, due to “exceptional liquidity pressures” Henderson has suspended trading in its $5bn UK property fund and all of its feeders. Is it time to panic yet? Things are getting bad fast in Britain… Domino #1: *STANDARD LIFE INV […]Read More

Barcelona’s Argentine soccer player Lionel Messi (L) sits in court with his father Jorge Horacio Messi during their trial for tax fraud in Barcelona, Spain, June 2, 2016. REUTERS/Alberto Estevez Barcelona soccer star Lionel Messi has been sentenced to 21 months in prison after a court in Barcelona found him guilty of three counts of […]

Olympic and Paralympic track star Oscar Pistorius is escorted by police officers as he arrives for his sententencing for the 2013 murder of his girlfriend Reeva Steenkamp, at North Gauteng High Court in Pretoria, South Africa July 6, 2016. REUTERS/Siphiwe Sibeko South African Paralympic gold medalist Oscar Pistorius was sent to prison for six years […]

Share on Facebook Tweet on Twitter Previous articlePistorius Jailed For 6 Years For Killing Girlfriend Next articlePictures! Sallah In Sokoto For Sultan, Tambuwal, Shagari, Kukah, Others We are the best online Nigerian newspaper with a blend of international news, politics, culture, opinion and much more! Share our breaking articles, breaking views and breaking pictures. We […]

Governor Aminu Waziri Tambuwal, with the Sultan of Sokoto, Muhammad Sa’ad Abubakar III at the Kofar Rini Central Eid Praying Ground during the Eid-el-Fitr sallah prayer in Sokoto…07/07/16 Governor Aminu Waziri Tambuwal, with the Sultan of Sokoto, Muhammad Sa’ad Abubakar III at the Kofar Rini Central Eid Praying Ground during the Eid-el-Fitr sallah prayer in […]Read More