By EconMatters
We reported last week that BP is facing a revolt from its shareholders over the salary of its CEO Bob Dudley. What happened was BP's Board approved an executive compensation package including a 20% raise in 2015 to nearly $20 million for its CEO Bob Dudley. Although we do not have the detail of other executive compensations, they must be pretty generous judging from Dudley's 20% raise.
Sometimes you have to laugh...
While WTI is still not quite there, Brent Crude has erased a 7%-plus decline...
Credit Suisse suggests a few reasons for the Market Bounce - Pain trade higher, Energy covering, Gorman comments, NAHB elevated, HY/Equities decoupling from oil
1-HF exposures remain at 3 year lows + long only cash parked on sidelines – Pain trade higher, dips being bought most cited reason for this morning’s bounce
Almost exactly two years ago, in April 2014, Greece issued €2.5 billion in 5 year bond yielding around 5%, which was met with huge investor interest and ended up being 8x oversubscribed. Fast forward to today when another former shutout from global bond markets, Argentina, is in the FT's words, "on the cusp of one of the most anticipated comebacks in recent history, as the Latin American country ends a 15-year exile from the international debt market with a multibillion-dollar sale."
Why not... makes perfect sense, right?
June up 5% off the lows...
And May up 5.6%...
As we suspect hedges are being lifted and the vol tail is wagging the oil industry's dog...
Buy the rumor, buy the news, but the total disappointment... Just Buy Stupid!!
Poisonous water is causing a major health crisis in rural Bangladesh. Around 20 million people are suffering from what is being called the largest mass poisoning in history as they continue to drink arsenic-laced water, twenty years after the deadly toxin was discovered in the supply According to human rights watch the local governments have allowed the issue to be pushed to the back-burner, with nepotism and poor governance contributing to the current state of the water in Bangladesh.