November 5Th International Financial Media Headlines

CNBC: hard job data, strong U.S. stocks

According to the plan, the employment report for October will be released on Friday. Although it is generally expected that the latest report will not surprise the market, analysts pointed out that the US stock market is expected to continue to strengthen this Friday as the new round of quantitative easing policy of the Federal Reserve has greatly encouraged investors' confidence.

According to the plan, the US labor department will announce the October employment report at 8:30 AM Eastern time this Friday.

Economists predict that the number of non farm payrolls in October will grow by 60000 over the previous period.

In the trading on Thursday, the US stock market once again rose sharply.

The Fed announced before it would stimulate the economic recovery by repurchasing $600 billion of government securities assets.

Under such circumstances, investors' demand for high-risk investments has also risen.

At present, the major US stock indexes all hit a new high since 2010. The Dow Jones Industrial Average and the standard & Poor's 500 index also hit the new high since the bankruptcy of Lehman brothers in 2008 September.

Joseph LaVorgna, chief economist at Deutsche Bank, said: "I think the current employment market in the United States will remain at a low level."

The Wall Street Journal: the cost of housing reform is as high as 685 billion dollars.

In a report released on Thursday, standard Pool Co said that the total cost of the US government to rescue and reform two mortgage giants Fannie Mae and Freddie Mac may reach $685 billion.

Up to now, Freddie Mac and Fannie Mae have consumed nearly $134 billion of us taxpayers' money, but standard Pool Co analysts said on Thursday that the US government will eventually be forced to inject $280 billion into two companies, because the downturn in the housing market will further deepen the losses of the two companies.

Whatever the new form of the US government to replace Freddie Mac and Fannie Mae, the new start-up capital is essential and the actual size of these funds will be higher than the size of the funds promised by the US government.

At present, scholars, business managers and investors are inclined to provide explicit guarantees by the US government to mortgage securities that meet certain conditions, so as to ensure the stable operation of Freddie Mac and Fannie Mae.

However, this approach is faced with some difficulties both in the specific structure of the guarantee and in the pricing issue. In addition, the United States government must also solve the problem through which agencies to provide these guarantees.

Bloomberg: GM returns to S & P 500 for at least one year

Before GM went bankrupt last year, the company took up the lead in the largest enterprise of standard & Poor's 51 years ago. Now it is likely that it will take at least a year for the automaker to return to standard & Poor's 500 index stock.

According to a set of methods listed by standard Pool Co on the web site, it is pointed out that companies that have just been listed need six to twelve months to consider whether they will join the S & P 500 index.

The index's constituent stocks are determined by the S & P's US index Committee.

Howard Silverblatt, a senior index analyst at standard & Poor's in New York, said in an interview: "we usually choose companies that are publicly traded for more than a year with good liquidity and generally accepted accounting principles to calculate positive earnings for one year."

New York Times: Citigroup dominates EMI dispute litigation

In litigation disputes between Citigroup and Terra Firma (TII), a British Private Equity Investment Firm, the judge found that Citigroup had not committed any improper behavior.

It is understood that Taifeng capital company accused Citibank of misleading the company in 2007, allowing it to buy the EMI company that was already in trouble at a high price of 4 billion 200 million pounds (US $6 billion 700 million).

Taifeng capital said in a lawsuit that Citigroup made a false statement at the time, because another Private Equity Investment Firm, Cerberus Capital Management LP, did not abandon its bid for EMI group.

YAHOO Finance: Shell and other companies and the United States government on bribery investigation and reconciliation

The Royal Shell Companies of Holland energy giant, the Swiss freight forwarding company Panalpina World Transport Holding Ltd. and five other oil services companies have reached an agreement with the US government to settle the latter's bribery investigation abroad by paying a total fine of $236 million 500 thousand.

According to a statement issued by the US Department of justice on Thursday, Panalpina has admitted on the same day that it has offered thousands of dollars of bribes to government officials in Africa, Asia and South America to ensure the interests of its energy industry customers.

At present, Panalpina Inc., a US subsidiary of Panalpina, has pleaded guilty.

After the fine is paid, the company will reach a compromise with the US government prosecutor and the securities and Exchange Commission.

In addition to Panalpina and Shell, other companies that have reached a settlement with the US government include Transocean Ltd., Tidewater Marine International Inc., Pride International Inc., GlobalSantaFe Corp. and cable.

Among them, Transocean and GlobalSantaFe completed the merger in 2007 and are currently the largest offshore energy service providers in the world.

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Reuters: US bank will lose 31 billion due to mortgage repurchase.

The standard Pool Co said in a report released on Thursday that the major American banks could lose up to $31 billion because they buy back bad mortgages.

Before the financial crisis broke out, big banks packaged low quality housing loans into mortgage bonds and sold them to investors. With the bursting of the US housing bubble, the pressure on banks to buy back these assets is rising.

Vandana Sharma, a standard Pool Co analyst, said on Thursday that in the major commercial banks of the United States, Bank of America and J.P. Morgan faced the greatest potential repurchase obligations, while Wells Fargo, Citibank, US Bancorp and PNC Financial Services Group followed closely.

According to Sharma's estimate, the losses incurred by the six banks as a result of mortgage repurchase will reach $43 billion as of 2012, and up to now, the banks have made about $12 billion 400 million in losses.

Sharma pointed out that these potential mortgage repurchase losses will have an impact on the future profitability of these banks, but will not affect their capital adequacy ratio.

TheStreet: American Express buying Accertify

AXP, the credit card giant, announced on Wednesday that it would offer $150 million to buy Accertify, an online fraud service provider.

The latter is a private holding company headquartered in atasca, Illinois, which provides businesses with solutions for online trading fraud and no card trading fraud.

Accertify has only been established for three years, providing additional security protection for any major payment network by providing "hosting software services". It covers various payment methods such as American Express, visa, MasterCard, explorer, PayPal and so on.

American Express said that although the company has provided anti fraud tools for businesses, it will be able to extend anti fraud services to all payment networks after acquiring Accertify.

The paction is expected to be completed within this year, and Accertify will become a wholly owned subsidiary of American Express.

American Express will help Accertify expand its global market share and enhance its service platform through its own influence.

MarketWatch: Australian Airlines Airbus A380 emergency landing

Qantas Airways Ltd.'s air passenger A380 aircraft has been forced to make an emergency landing in Singapore due to engine failure. The specific reason is under investigation.

Subsequently, Qantas announced that all flights would be cancelled before the results of the investigation were cancelled.

Airbus A380 (Airbus A380) is the four generation 550 seat super large wide body aircraft developed by the European airbus industry company. It can carry 525 passengers in the typical three compartment (first class business class economy class) layout. It is the largest passenger aircraft in the world, and it is called "the giant in the air".

Nikkei news: Softbank mobile will launch 3D mobile phone

Softbank Mobile Corp., Japan's largest software retailer, Softbank, said on Thursday that it will launch 24 new mobile phones, including a smart phone with Galapagos 003SH, which does not need to wear special glasses to view 3D images. "Softbank"

Softbank Mobile Corporation said all the newly launched smartphones are loaded with the latest version of Google Android system.

The new Galapagos models are produced by Sharp Co (Sharp Corp.).

In the face of competition from Nippon Telegraph and Telephone Corp (Nippon Telegraph) and KDDI, Softbank mobile intends to further expand its market share, and its market share also benefits from the popularity of Apple Corp iPhone.

Softbank mobile is the exclusive service provider of apple iPhone smartphone in Japan.

India times: shares of India coal soared 40% on the first day of listing

Coal India, the world's largest coal producer, rose sharply by nearly 40% on its first trading day on the Mumbai stock market on Thursday, mainly due to investors rushing to invest in the company. (India)

Last month, India coal mine, headquartered in Calcutta, India, issued 10% of the company's total shares, creating the largest stock issue in India's history.

The share price of India coal mine rose to 340 rupees per share in the early morning (about 7.7 US $245), an increase of 38.7% compared to its issuing price of 245 rupees per share.