Cardinal Trading: Worries about countries at Europe’s periphery are back as Greek bond yields soar towards 9%. Cardinal Trading says long-term borrowing costs for Greece surged through 8% last week as markets grew jittery over upcoming elections that could throw the country’s chances of exiting its bailout early into chaos. The coalition government is looking […]
Cardinal Trading: Stocks Leap On Hopes Of Stimulus
Cardinal Trading: US stock markets leapt on investor bets that the Federal Reserve will come to the rescue with more stimulus. Cardinal Trading: After a week of precipitous falls on stock market indexes in the US, Europe and Asia, the hope of a coordinated rescue mounted by the world’s leading central banks fueled a sharp […]
Kevin Franklin Joins PFM Trading in Senior VP Role
PFM Trading announces that highly-regarded Wall Street sales trader, Kevin Franklin, has joined the e-commerce broker-dealer as a senior vice president. PFM Trading, Inc. has announced its second high profile hire of 2014 with the arrival of Kevin Franklin, the highly-respected sales trader credited with management of a Wall Street team responsible for the placement […]
Greenwood Trading – Snapchat Worth $10 Billion
Greenwood Trading says mobile messaging app, Snapchat’s latest round of capital raising reportedly values the business at $10 billion. Japan – Greenwood Trading says Snapchat, the mobile messaging app company that turned down a $3 billion buyout offer from Facebook last year has had its value pegged at $10 billion after highly-respected tech-sector venture capital […]
Cardinal Trading Says No Easy Exits For Central Banks
Cardinal Trading says investors believing central banks can make an orderly exit from their interventions in the markets are mistaken. Tokyo, Japan -Cardinal Trading has told institutional clients that central banks will find it difficult to exit fully from their monetary experiment of quantitative easing. Johannes Feinberg, chief economist at the Asian market-focused investment house […]
Putin meets with Russian Security Council to discuss a host of issues including military situation in Ukraine
On July 22, 2014 President Vladimir Putin chaired a Security Council meeting in the Kremlin. The discussion focused on the maintenance of Russia’s sovereignty and territorial integrity. * * * Opening remarks at the Security Council meeting VLADIMIR PUTIN: “Good afternoon, colleagues. Today we will consider the fundamental issues of maintaining the sovereignty and […]
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