Winnie Cooper's All Grown Up

Commodities sidelined to a tad lower :-

Overview :-

Plenty of FX volatility: Canadian dollar, Mexican peso and Sterling the weakest, South Korean won, Kiwi and Norway the strongest. As well as banking jitters, comments from the Bank of England’s Mervyn King that sterling weakness would help to rebalance the economy away from (nasty) financial services and help exports (what? Vauxhall cars?) pushed Cable down to $1.5917 and EUR/GBP £0.9193 (highest since April fool’s day). The US dollar was fairly weak too, taking the Euro up to $1.4845, the Yen to 89.96 and the Swiss franc to 1.0170 (best since July 2008). Short-dated yields dipped, allowing many money market futures contracts to post new all-time highs, the lowest being one-month US TBills at 0.02%, three-months at 0.09%. Major yield curves flattened slightly, longer-dated Treasury yields dropping further because they are not constrained by the zero level. Equity indices gave up half or all of last week’s gains, Mexico, Hong Kong and Shanghai down 4.5% and the hardest hit. Commodities sidelined to a tad lower.

Political and Economic Developments :-
The FT reports that US syndicated loan losses rose to $53 billion so far in 2009, greater than the cumulative losses since 2001, according to the Shared National Credit Program, a body set up in 1977 to monitor loans over $20 million from federally regulated institutions - banks and the shadow banking system. Quality has deteriorated badly, because of poor underwriting as well as weak economic conditions, so that 11.5% of bank loans and 33% of quasi-banks’ advances are now bad debts. Hedge and pension funds, securitisation vehicles and their ilk are hanging on to 47% of problem loans while accounting for just 21% of lending. Assets rated as ‘special mention’, ‘substandard’, ‘doubtful’ and ‘loss’ (the four categories of fragile loans) of this $2.9 trillion market stands at $642 billion or 23% of the portfolio, almost double last year’s 13%.

Helen Flanagan Tony Fisher Photo Shoot

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Bold and Beautiful Gemma Atkinson

Credit Insurance:

Types Broadly speaking, credit insurance can be of two types, namely trade credit insurance and credit life insurance.

Trade Credit Insurance: This credit insurance policy is a credit risk management product for businesses, and hence is also known as business credit insurance. Through this insurance, one can secure protection against losses resulting from the nonpayment for goods or services delivered to clients. This policy lists the buyers of a policyholder and the insurance company pays the policyholder an agreed percentage of invoices or account receivables that are left unpaid by any of the buyers in this list in the event of insolvency, bankruptcy or extended default. Only business entities are eligible for this type of insurance. This policy can cover both domestic and export businesses.

Credit Life Insurance: Whenever a person purchases a big-ticket item, such as a car, s/he might need to take a loan for a specific period. Since injuries and death are unpredictable, there is no guarantee that the person will be able to repay the loan. In case of untimely death, the entire burden of loan repayment falls on the surviving members of the family. Credit insurance ensures that the surviving family members are not burdened by loan liabilities in case of the policyholder’s death. The policy ensures that the lender receives the rest of the loan amount.

Blake Lively Leggy on the Set

The “Sisterhood of the Traveling Pants” actress sported a short, tight floral dress along with a pair of bright red shoes and dark sunglasses as she strolled past the paparazzi.

Forex Market in India - Rupee seen weaker as Asian shares slip

India Thursday 24 September 2009: Rupee is expected to weaken on Thursday in line with a slide in Asian shares, with a rebound in dollar against the euro from a one-year low also pushing down the local unit. * The dollar index which measures the dollar’s value against a basket of six major currencies, was 0.41 percent higher at 76.365 at 0249 GMT. * Nifty India stock futures traded in Singapore were down 0.6 percent.
The Morgan Stanley index excluding Japan was down 1 percent. The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession, while reiterating its promise to hold interest rates very low for a long time. The partially convertible rupee closed at 47.98/48.00 per dollar on Wednesday, slightly weaker than Tuesday’s close of 47.9550/9650. In early deals the rupee rose to 47.85, its highest since Aug. 10, mainly due to a weak dollar overseas.

Bar Refaeli Out in NYC

The Israeli-born supermodel looked lovely as she made her way through the Meatpacking District, located on the Lower West Side.

And of course, Miss Refaeli was sporting her fashion A-game in a white-with-black-accents summer dress with black heels and black sunglasses.

Bar has been in town as of late for Mercedes-Benz New York Fashion Week where the who’s who of the fashion industry has been hobnobbing around Bryant Park.

European markets, advance ahead of Fed; Euro and Pound remain strong :-

European markets are going through moderate advances on Wednesday, fuelled by higher prices on basic resources which have been favoured by a weaker Dollar and higher commodity prices. Euro and Pound remain trading at high levels after two-days rally.

Eurostoxx 50 Index adds 0.5%, while German DAX Index rises 0.45%, and the French CAC Index advances 0.35%. In the UK, the FTSE Index rises 0.4% in the first hours of trading.

On teh macroeconomic front, the Bank of England has released the minutes of September's meeting with no mention of discussions over the deposit rate cut, while the decisions to hold rates at 0.5% and to maintain its bond buying plan at GBP175 billion were approved unanimously.

Pound And Euro remain at high levels

EUR/USD has eased somewhat after rally from 1.4610 low on Monday hit a fresh 2009 high at 1.4843 during Asian session, and the Euro has dipped below 1.4800 although it remains above session low at 1.4785.

GBP/USD pulled down from 1.6400 to 1.6330 intra-day low ahead of the BoE minutes although the pair bounced past 1.6400 to reach intra-day high at 1.6430 area at the moment of writing.

USD/JPY decline from 92.55 high on September 21 found support at 90.50 low on Asian session, and the Dollr has tried to build up recovery from 90.70, although the pair remains capped at the 91.00 area.