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Posts Tagged ‘jpmorgan chase’

Jan 12: CapitaMalls, Hyflux, Oxley, SingTel

The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.4% to 3,241.49.

CapitaCommercial Trust
(CCT SP): The office landlord partly owned by CapitaLand (CAPL SP) had its stock rating lowered to “underweight” from “neutral” at JPMorgan Chase & Co. The shares lost 0.7% to $1.50.

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Will Ferrell loses $18M lawsuit against JPMorgan Chase

Outrageous comedian Will Ferrell reportedly lost an 18-million-dollar lawsuit against Wall Street bank JPMorgan Chase. According to Forbes.com, he now has to pay 600,000 dollars to bank in penalties and legal costs, reports the New York Daily News. Ferrell – along with ‘Seinfeld’ creator Larry David – reportedly filed an arbitration claim two years ago [...]

Federal Reserve Policy IS Working … Just Not For America

Richard W. Fisher, president of the Fed bank of Dallas, said last month: In my darkest moments I have begun to wonder if the monetary accommodation we have already engineered might even be working in the wrong places. Far too many of the large …

Apple iPhone, BlackBerry Usage Debated at JPMorgan Chase

As BlackBerry smartphone competitors Apple and Google close in, JPMorgan Chase considers alternative mobile e-mail devices. – Research In Motion, maker of the business-friendly line of BlackBerry
smartphone devices, may soon have to start making even more room for competitor
Apple and its iPhone, according to a Bloomberg report. Banking giant
JPMorgan Chase amp; Co. is testing Apple devices for employees who may want t…


Singapore’s GIC said to pick JPMorgan, Citi for logistics IPO

The Government of Singapore Investment Corp. picked JPMorgan Chase & Co. and Citigroup Inc. as lead managers of the initial public offering of its overseas logistics assets, three people with knowledge of the matter said.

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Emerging markets to extend slide on China, says JPMorgan strategist

Emerging markets may extend this year’s declines, as China cuts dependence on fixed-asset investment, lowering demand for commodities, according to JPMorgan Chase & Co’s Adrian Mowat.

“We’re going to get a further correction,” chief Asian strategist Mowat tells Bloomberg. “What we expect to happen is, bulk commodity demand is going to weaken as China rebalances away from building lots of infrastructure and real estate towards consumption.”

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JPMorgan to start precious metals vault in Singapore: Update

JPMorgan Chase & Co. will start its first precious metals vault in Asia in the third quarter to tap increasing demand for storage.

The facility, in a tax-efficient zone in Singapore, will “accommodate the trading of physically settled futures contracts on regional exchanges,” exchange-traded fund allocations and “physically settled financing transactions” in which JPMorgan is involved, the bank said.

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JPMorgan to start precious metals vault in Asia in third quarter

JPMorgan Chase & Co. said it will start a precious metals vaulting facility in Singapore in the third quarter, according to an e-mailed statement.
 
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Singapore Exchange recommended a ‘buy’ by SGX as trading rises

Singapore Exchange, the operator of the city-state’s securities and derivatives markets, will climb as much as 10% in the next three to four weeks as trading increases, according to JPMorgan Chase & Co., which recommended buying the stock. Singapore Exchange will rally 31% to $10 by June, JPMorgan analysts wrote in a research report dated today.

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Charity as advertising: Give and take

Will Pepsi profit by enlisting the public in its philanthropic efforts?

THE 107m Americans who tuned in to watch the Super Bowl on February 7th did not see any advertisements for Pepsi. Instead of spending $20m on a handful of 30-second spots, the firm decided to give that amount away. Under the slogan “Refresh Everything”, the Pepsi Refresh campaign asks the public to vote online for charities and community groups to receive grants ranging from $5,000 to $250,000. A few days before the game its arch-rival, Coca-Cola, was also bitten by a charitable bug. It promised to give $1 to the Boys & Girls Clubs of America every time someone watched its Super Bowl ads on its Facebook page, up to a maximum of $250,000.

Pepsi Refresh is probably the most prominent example so far of “cause marketing”—trying to win customers by ostentatiously doing good. Other recent examples include Chase Community Giving, in which small charities competed to win $5m in donations from JPMorgan Chase, and American Express and NBC Universal’s “Shine A Light” programme, which awarded a grant of $100,000 to a small business chosen through its website. …

Robert Reich Confirms Permanent Destruction of Jobs in America

Former Labor Secretary Robert Reich writes today:The basic assumption that jobs will eventually return when the economy recovers is probably wrong. Some jobs will come back, of course. But the reality that no one wants to talk about is a structural cha…

Hirsh: Wall Street’s ‘Monster’ Still Lives

Goldman Sachs and JPMorgan Chase have reported huge profits, the Dow has made it past 9000, and Barack Obama has moved on to health care. The horror show seems to be over. But as in one of those cliched Hollywood endings, the monster in this s…

Emanuel Declines Invite To JPMorgan Board Meeting

U.S. President Barack Obama’s chief of staff, Rahm Emanuel, has declined an invitation to attend a board meeting of JPMorgan Chase & Co, a White House official said on Sunday.

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Dan Dorfman: Grandma Knows Best

My grandma said that if I read something that doesn’t seem to make sense, I should think twice about it. With that thought in mind, I decided to rattle off a slew of economic absurdities coming from Wall Street, the media and Washington.

JPMorgan Chase profits soar 36%

JPMorgan Chase office in San Francisco

JPMorgan Chase has become the second major US bank to report a big rise in profits for the April to June period.

The firm’s net profit for the second quarter totalled $2.72bn (£1.6bn), an increase of 36% from $2bn last year.

Revenues at the company rose 41% to $27.7bn. Its results come two days after rival Goldman Sachs reported a $3.44bn second quarter profit.

Analyst Chris Hossain of ODL Securities said JP Morgan’s results reiterated growing confidence among the banks.

The company’s results were better than market expectations. </p


This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Ellen Brown: Towards a Solution to the Debt Crisis in California: The State Could Walk Away and Create Its Own Credit Machine

California could put its revenues in its own state-owned bank and fan these “reserves” into many times their face value in loans, using the same “fractional reserve” system that private banks use.