Monthly Archives: July 2011
The Euro and European Markets Rally on Greek Austerity & Debt Restructuring
All markets but Sweden are in the green. The Euro is also trading higher against most currencies.Comments »
Food Commodities Continue Their Slide After USDA Crop Report
Lots of price movement on a 1.8% better than expected crop planting.
Corn is down another 5% this morning.Comments »
India’s Manufacturing Grows at The Slowest Pace in 3 Qs
India’s Purchasing Managers Index fell to 55.3 from 57.5….Comments »
Muddy Waters Has Many More Suspicious Companies Under Review
Carson Block feels even quality companies curt corners on their financials; especially since borrowing is tightening.
Unfortunately, the article is not a hit piece so you will have to wait and see. It does discuss various methods to identify red lobsters.Comments »
China’s Manufacturing Slows Creating Potential Rate Problems
The manufacturing index fell to 50.9 from 52.Comments »
Copper Declines on Chinese Manufacturing Data
Copper trading down about 1%…Comments »
Most Asian Markets Trade Higher Overnight
Australia, India, and Shanghai are down while the rest is up….Comments »
Greece Expected to Receive 85 Billion Euros in Financing
The EU and private investors will contribute 70% while the IMF will cover the rest. All aimed at containing debt default in Greece , but not Europe.Comments »
Oil Falls Overnight on China Slowdown and Supply Issues
China manufacturing numbers couples with slower growth in the U.S. has oil @ $94.57 down $0.85Comments »
Venezuela’s Chavez says he was treated for cancer
By Daniel Wallis and Andrew Cawthorne
CARACAS (Reuters) – Venezuela’s flamboyant socialist leader Hugo Chavez said on Thursday he had undergone an operation to remove a cancerous tumor, posing a serious challenge to his near-total dominance of national politics.
The announcement, which confirmed rumors swirling for nearly three weeks, convulsed the South American OPEC nation ahead of what was already looking like a tight race for a presidential election next year.
Speaking from Havana where he underwent surgery June 10, a pale and emotional Chavez gave no indication when he would return to Venezuela. Nor did he name a temporary substitute to lead the country of 29 million people.
“They confirmed the existence of a tumorous abscess, with the presence of cancerous cells, which needed another operation to extract the tumor completely,” he said in his first address to the nation since his surgery.
Chavez, 56, said he was receiving “complementary treatments to combat different types of cells that were found” — possibly implying chemotherapy.Comments »