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hisah
#2871 Posted : Friday, December 07, 2012 2:01:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Bundesbank cuts growth outlook as crisis bites - http://reut.rs/WNo30w

Quote:
The Bundesbank expects Germany's economy to grow just 0.4 percent next year, down from an earlier forecast in June of 1.6 percent.

Germany has been a key growth driver of the euro zone, now in its second recession since 2009, but the country's resilience to the crisis is wearing thin and the central bank's new projections reflect this.

"Given the difficult economic situation in some euro-area countries and widespread uncertainty, economic growth will be lower than previously assumed," the Bundesbank said.

The euro fell to a session low against the dollar and German Bunds reversed earlier losses as a result.

The Bundesbank said the balance of risks was on the downside and said there was a chance of Germany entering a recession - defined as two consecutive quarters of negative growth.


Yep, ze germans feeling ze money winter... The euro will be hammered for some time.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2872 Posted : Monday, December 10, 2012 4:13:02 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Monti resignation sparks European stocks sell-off - http://bit.ly/QSlht5

Quote:
European stock markets sank on Monday, with Milan shares plunging after Italian Prime Minister Mario Monti announced his intention to resign, in the latest twist in the fast-moving euro zone debt crisis.


This is victory smile
One by one the banksters will jump ship and then democracy will resume back in euroland for the recovery to start.
Next watching ze germans keenly.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2873 Posted : Monday, December 10, 2012 6:53:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Standard Chartered Gets $100 Million Fed Fine for Unsafe Banking - http://bloom.bg/T0ZYns

Quote:
The Fed’s penalty is “one of the largest penalties” given by the Fed for such practices, the central bank said. The Fed also announced a cease and desist order telling Standard Chartered to “improve its program for compliance with U.S. economic sanctions, Bank Secrecy Act, and anti-money-laundering requirements.”


So when is CBK going to grow some teeth and handout some sting shots to those banksters that crimped the USDKES cross in 2011...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, December 10, 2012 6:55 PM | Reason: Not specified
youcan'tstopusnow
#2874 Posted : Monday, December 10, 2012 8:40:31 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
How dirty is the global banking system? Seems kila wiki a major bank gets fined...
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#2875 Posted : Monday, December 10, 2012 8:42:50 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
In the next few years, the
Nairobi skyline will be
somewhere close to what Dubai in the United Arab Emirates looks like.
That may sound ambitious but Adnan Saffarini Engineering Consultants – the firm that has been instrumental in changing the face of Dubai and three other cities within the UAE by designing ultra-modern buildings - is convinced that this is possible.
http://www.businessdaily...-/14mo9viz/-/index.html
GOD BLESS YOUR LIFE
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hisah
#2876 Posted : Tuesday, December 11, 2012 10:19:03 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This Morsi guy will make Egypt to tip again! - http://www.allafrica.com...ories/201212101776.html
Middle East needs a calm & sober Egypt otherwise we restart the 2011 boiler plate tensions that spiked oil. Iran oil is off market. Saudis cant fill all the supply gaps. The global econ is too soft for an oil price shock knock! Things need to hold steady here otherwise...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2877 Posted : Tuesday, December 11, 2012 10:22:57 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
In the next few years, the
Nairobi skyline will be
somewhere close to what Dubai in the United Arab Emirates looks like.
That may sound ambitious but Adnan Saffarini Engineering Consultants – the firm that has been instrumental in changing the face of Dubai and three other cities within the UAE by designing ultra-modern buildings - is convinced that this is possible.
http://www.businessdaily...-/14mo9viz/-/index.html

Remember that 70 storey building? Give it some time. If Konza is realized as well as the other planned cities these sky scratchers will be a common occurence as long as hydrocarbons revenues are well managed. Also that Nairobi international hub must go live in that period.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, December 11, 2012 10:25 AM | Reason: Not specified
Mukiri
#2878 Posted : Tuesday, December 11, 2012 11:20:42 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
hisah wrote:
youcan'tstopusnow wrote:
In the next few years, the
Nairobi skyline will be
somewhere close to what Dubai in the United Arab Emirates looks like.
That may sound ambitious but Adnan Saffarini Engineering Consultants – the firm that has been instrumental in changing the face of Dubai and three other cities within the UAE by designing ultra-modern buildings - is convinced that this is possible.
http://www.businessdaily...-/14mo9viz/-/index.html

Remember that 70 storey building? Give it some time. If Konza is realized as well as the other planned cities these sky scratchers will be a common occurence as long as hydrocarbons revenues are well managed. Also that Nairobi international hub must go live in that period.


A novel idea but far away in the making. Yes there is development in Nairobi, but not as fast. Look at the fiber cable? Look at the recurring strikes? Dubai is fueled by a Prince who knows oil revenues might get depleted and wants to make an alternative revenue source, free market and tourism. He can do that coz he has oil money.

Yes, Kenya recently discovered oil. I hope it discovers a way to eradicate corruption, otherwise our natural resource will end up in the pockets of a few. My bet is that sky crappers and Konza is atleast another generation away. Even the high cost apartments are getting out of reach of most Kenyans.

Proverbs 19:21
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youcan'tstopusnow
#2879 Posted : Tuesday, December 11, 2012 11:21:38 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
One of Kenya’s mid-sized
lenders, Dubai Bank, is facing a credibility storm after a former managing director made shocking revelations, detailing a web of irregular
transactions that have put close to Sh2 billion in
customer deposits at risk.
Ms Said has filed in court
numerous documents
alleging irregular
transactions by Mr Zubeidi.
The documents show that the banking sector regulator, the CBK was made aware of the suspect dealings at the
bank but no action has since been taken.
Ms Said also says in an
affidavit filed in court that Mr Zubeidi boasted to have the protection of senior CBK and Criminal Investigations Department (CID) officials making him untouchable.
CBK governor, Njuguna
Ndung’u, said the regulator had received the allegations by Ms Said in two letters dated November 23 and 29.
http://www.businessdaily.../-/uq4repz/-/index.html

Funny I just posted about rogue banks jana...
GOD BLESS YOUR LIFE
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hisah
#2880 Posted : Tuesday, December 11, 2012 5:03:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
UBS to Charge Banks for Swiss Franc Accounts - http://online.wsj.com/ar...578172742123375054.html

Quote:
UBS AG said Tuesday it will charge fees to bank clients holding Swiss franc cash accounts from Dec. 21 and urged them to keep franc balances as low as possible.

Switzerland's largest bank by market value said "prevailing market conditions" had prompted the move.


Bizarro global banking system!?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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