Royal Bank Of Scotland Share Discussion Threads

[dope007] 14/10/2013 13:55

Well he supports Al Quaeda, and hates us Brits with a passion

[dope007] 14/10/2013 13:17

Well this should take a $2 bill they added on to it back off Ramco

[leedskier] 14/10/2013 12:59

From 4 mins 15 seconds ...

[leedskier] 14/10/2013 12:56

Talking of asset prices I see Professor Robert Shiller -- creator of the Shiller Index --- is one of three Americans awarded the Nobel prize for economics.

He really is a nice guy. Why could we not have more like him in power in the USA?

[ramco] 14/10/2013 12:53

Hey Leeds, thought that they had come to that conclusion some time ago...the stumbling block being as always bumbling buffoons...;

[ramco] 14/10/2013 12:52

As always my pleasure Avatar...;

Dope somehow thought you would as it is still a way out... hope the white coat does not need a wash too early....;)

[leedskier] 14/10/2013 12:50

Yes ... the French have realised that electricity prices in the UK will continue to outstrip inflation.

[dope007] 14/10/2013 12:49

Toyota news noted Ramco. Scribbled it on the sleeve of my white coat

[ramco] 14/10/2013 12:41

EDF nears deal to build two U.K. reactors for $22.4B
Electricite de France (ECIFF.PK) is close to agreeing a deal with the British government for the French utility to construct and operate two nuclear reactors on the west coast of England at a cost of £14B ($22.4B).
The sides have reached the elusive "strike price," or the guaranteed price at which EDF would sell the electricity it generates.
The construction of the plant is a major test over whether nuclear power has a future in Europe.

[avatar333] 14/10/2013 12:40

All duly noted, with thanks, Ramco.

[ramco] 14/10/2013 12:34

The U.S. dollar is little changed despite the apparent lack of progress in Washington to re-open the government and avoid default. The markets seem to continue to view what is happening in Washington as drama and are still largely expecting a last minute deal.

We also note that, contrary how it is often expressed, the U.S. debt ceiling was hit several months ago and that what is at stake now is how long Treasury can find alternatives. In that regard, there does not seem to be anything hard and fast about Oct 17.

It is not just the foreign exchange market that has taken the weekend developments in stride. Asian equities were mixed and notably China's shares advanced despite the unexpected decline in exports. India's stock market also moved higher, despite the rise in inflation (WPI) to seven month highs, heightening speculation of another rate hike. European bourses are mixed, with the Dow Jones Stoxx 600 off 0.1% near midday in London.

The news stream in Europe is light. The industrial production report offered a pleasant surprise. It rose1.0% in August, a bit stronger than expected, while the July series was revised to show a 1.0% decline instead of the 1.5% fall initially reported. However, on a work day adjusted basis is off 2.1% from a year ago compared to a revised 1.9% decline in July.

The euro area finance ministers are meeting today. While the 1 bln euro tranche due from July is apparently on the table, no decision on the 2014 funding gap is likely until next month.

[ramco] 14/10/2013 12:33

Report: Santander postpones IPO of U.K. unit
Not swayed by the current IPO frenzy in London, Santander (SAN) has indefinitely shelved plans to list Santander U.K. next year, reports El Confidencial. This keeps with the bank's pattern of playing down any capital needs only to hit the markets with an asset sale at what always seems like perfect timing.
Santander's reported core tier-one capital ratio is a healthy 12.4%, but the ECB Is in the midst of an asset quality review and stress test - until these results are known, don't put too much faith in Spanish lender's capital numbers.

[ramco] 14/10/2013 12:31

This is the next big stinker....;

U.S. probing possible manipulation of forex markets
The Department of Justice and the FBI have opened a criminal investigation into the possible manipulation of the $5.3T-a-day currency market, Bloomberg reports, citing a source.The probes add to those being carried out by U.K., EU and Swiss authorities, as well as the U.S. Commodity Futures Trading Commission.
The source didn't say which banks the DOJ and FBI are looking at, although the news service said the U.K. probe has taken in RBS (RBS), Deutsche Bank (DB) and Citigroup (C).

[ramco] 14/10/2013 12:31

Ireland to exit bailout in mid-December
Ireland is set to become the first eurozone country to exit a bailout program, with Prime Minister Enda Kenny saying that the nation will leave its €85B scheme on December 15.Ireland may exit without the insurance policy of a precautionary credit line, which would stop the country from obtaining funds from the European Central Bank's Outright Monetary Transactions program of government bond purchases, but would also reduce the the conditions involved and the close monitoring from EU officials.

[ramco] 14/10/2013 12:30

Should stock price be used as a benchmark for management pay?
The NYT's Grethen Morgensen looks into whether companies should continue to use rising stock prices as one of the main considerations for corporate performance and executive compensation."Seventy percent of executives' stock option gains are attributable to the market's movement as a whole," says Nell Minow of corporate governance analytics company GMI Ratings. "We are basically paying CEOs for floating on their backs when we should be paying them to win races.
Mark Van Clieaf of Organizational Capital Partners believes a better performance measurement would be a company's net returns on its invested capital. "Management should be providing value that exceeds its cost of capital," says Van Clieaf.

[ramco] 14/10/2013 12:29

Monday's economic calendar
8:00 PM Bernanke Press Conference at Bank of Mexico

Notable earnings after Monday's close
PKG

[ramco] 14/10/2013 12:28

Senate and House to convene after talks stall over weekend
The Senate and the House are due to hold sessions today despite the Columbus Day federal holiday as Washington continues to struggle to forge a deal over the government budget and the debt ceiling.Senate Majority Leader Harry Reid and Republican leader Mitch McConnell held talks over the weekend that Reid called substantive. "I'm optimistic about the prospects for a positive conclusion," Reid said.
However, U.S. stock futures are lower as investors become increasingly nervous about the chances of an agreement before Thursday's debt-cap deadline. It could be that it will need a display of market fear to get Congress to agree to a deal.

[ramco] 14/10/2013 12:28

More on China CPI: Food prices push up inflation
On month, CPI +0.8% in September vs +0.5% expected and +0.5% in August.
The on-year figure of +3.1% was a seven month high but within the government's annual target of +3.5%. Droughts and floods in various regions helped to push food prices up 6.1%."September CPI inflation gained more momentum on seasonal factors and a low base effect from last year," says economist Li Huiyong. "But we think the inflation situation is still under well control and will not be a concern this year, especially when the economy is struggling with over-capacity problems."

[ramco] 14/10/2013 12:27

Main Gulf states produce record amounts of oil
Saudi Arabia, Kuwait, the United Arab Emirates and Qatar produced record amounts of oil on aggregate in each of the last three months as they offset problems with supplies from Iran, Libya and Nigeria.The Gulf states produced 16.4M barrels a day in Q3, which is worth over $150B when prices are above $100 a barrel.
"Despite the (U.S.) shale revolution, the Middle East is and will remain the heart of the global oil industry for some time to come," says Fatih Birol, the International Energy Agency's chief economist.
The U.S. purchases almost 60M barrels a month from the Gulf even though American production has soared.

[ramco] 14/10/2013 12:27

Indian WPI surprisingly rises
India's wholesale price index, one of the country's main inflation gauges, accelerated to +6.5% on year in September from +6.1% in August and came in above expectations for +6%.The increase in WPI comes amid stuttering economic growth, the weak rupee, which makes imports more expensive, and high food prices. With CPI inflation at 9.5%, the Reserve Bank of India raised interest rates to 7.5% last month.
"Given the RBI's hawkish stance despite slowing growth, we expect the repurchase rate to remain high for now," says strategist Tirthankar Patnaik.

[ramco] 14/10/2013 12:26

Crumbling infrastructure seen adding huge sums to business costs
With one in nine of the U.S.'s 607,380 bridges structurally deficient and 42% of major urban highways congested, the American Society of Civil Engineers forecasts that the poor infrastructure could cost companies an extra $430B in operating expenses by 2020 and cause $1.7T in lost sales opportunities.One affected firm is Armstrong World Industries (AWI), a provider of floor and ceiling tiles. Armstrong's fully loaded trucks have to take a 25-mile detour because a bridge near a Pennsylvania plant can't accommodate such heavy vehicles. The company projects that the extra distance will add $200,000-300,000 a year to the plant's transportation costs, which it expects to pass on to distributors.

Add: Where the States leads we tend to follow...;