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Deustche Bank stock is ripping 10% higher after confirming old news that it will undertake a modest debt buyback of $2 billion and €3 billion (not including the CoCos). Have no fear though as Wolfgang Schaeuble proclaimed Deutsche Bank is a “strong bank” that ios “resilient” and “well positioned.” Back to the start of the […]Read More

Yesterday we outlined that Central Banks’ War on Cash is about to go into Hyperdrive. Today we’re discussing just the policies Central Banks are already working to implement to eviscerate savings. Globally, over 50% of Government bonds currently yield 1% or less. These are bonds that are negative in real terms meaning they are trailing […]

There was much at stake in today’s retail sales report, because had the Census reported another miss in the headline, ex auto and control group data, it would have made the Fed’s job of maintain the illusion of a recovery into a rate hike cycle virtually impossible. Luckily for Yellen, the numbers came out and […]

Via Dana Lyons’ Tumblr, The correction in the equity markets has brought the S&P 500 down close to a confluence of key technical levels. People ask us all the time what we view as the important “levels” in the stock market, e.g., “what is our target level for the Dow?” or “what level will put an […]Read More

There was hardly a blemish in today’s retail sales report: the January numbers not only beat expectations across the board, including the all important control group which printed at 0.6% or the highest since May, but the December data was also revised notably higher. At first glance, great news for those who hope consumer spending […]

The writing has been on the wall for quite a while and indeed it was just three days ago when we reported that the EU was mulling a two-year Schengen suspension amid the wave of Mid-East asylum seekers streaming into Western Europe, but now it looks to be official. Or at least semi-official. According to […]

Submitted by Charles Hugh-Smith of OfTwoMinds blog, What NIRP communicates is: this sucker’s going down, so sell everything and hoard your cash and precious metals. The last hurrah of central banks is the negative interest rate policy–NIRP. The basic idea of NIRP is to punish savers so severely that households and businesses will be compelled […]

Guinness Nigeria Plc plans to list N10 billion series 2 and 3 commercial paper issues on the FMDQ platform. N7.23bn series 2 and N2.77bn series 3 commercial papers will be listed on the FMDQ OTC securities exchange on the 18th of February 2016. FMDQ is a debt-focused securities exchange with a commitment to facilitate growth […]

President Buhari’s plans to explore Nigeria’s potentials for gas development looks to have gotten a boost, as a visiting German trade delegation have expressed interest in buying gas from Nigeria. The Minister of State for Petroleum, Dr Ibe Kachikwu, said on Thursday that the Federal Government would partner the German Government to ensure effective supply […]

The introduction and use of different electronic payment systems by the Central Bank of Nigeria helped curb incidences of fraud in banking transactions in 2015, the CBN said. CBN’s director of Banking and Payments System Department of the CBN, Dipo Fatokun, said the actual loss as a result of fraud in bank transactions dropped from […]

Punch We’re available for Nigeria, says IMF boss:The Managing Director of the International Monetary Fund, Christine Lagarde, has said the organisation remains available for Nigeria whenever the country needs financial assistance from it. Germany shows interest in Nigeria’s liquefied natural gas:The country’s quest to expand its Liquefied Natural Gas market into Europe received a major […]Read More

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has called for the repeal of laws establishing the Federal Ministry of Finance, Nigeria Maritime Administration and Safety Agency (NIMASA), Federal Road Safety Commission (FRSC) and 29 revenue generating agencies. In a letter to the National Assembly, the Commission stated that the laws establishing the 32 agencies […]