Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary “reading list” which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number included.
- Ukraine Ends Easter Truce, Relaunches ‘Anti-Terrorism Operation’ (Reuters, The World Post) The deal last week in Geneva specified that all parties in the Ukraine dispute would lay down arms. The pro-Russian groups in eastern Ukraine have refused. A couple of days ago the body of a Ukrainian politician was found, apparently tortured, in Kiev. The Ukraine government says it is forced to react. Russia warned Wednesday that any attack on Russians in Ukraine would be considered an attack on Russia. And Wednesday night FT reported on other disappearances in eastern Ukraine.
- Deutsche Bank under pressure by investors to raise capital (Daniel Schafer and Alice Ross, Financial Times) Investors fear the bank is not strong enough to weather another credit markets slump. Several large investors have told the Financial Times that they want the bank to take pre-emptive action before the ECB does its next round of evaluations in November. This news comes one day after both UBS and JP Morgan Chase downgraded the stock (NYSE:DB) to neutral with concerns that the bank might “delay efforts to cut costs and build capital“. See UBS Joins JPMorgan in Lowering Deutsche Bank on Capital (Nicholas Comfort, Bloomberg).
- Better Manufacturing and Services Data Underpins EUR/USD (James Hyercxyk, FX Empire) Much stronger than expected PMI (Purchasing Managers’ Index) numbers from Germany buoyed the euro. Details on the EU economy are available from Reuters.
- 2 Stocks With Huge Insider Buying (David Goodboy, Street Authority) Two stocks that have accumulated large insider buys over time (and therefore avoided the radar of many analysts) are BJ’s Restaurants (NASDAQ:BJRI) and NuStar Holdings (NYSE:NSH). Read the article for details.
- Do You Know How the Terms Bull and Bear Came into Being? (Helyn Bolanis, Parlan Financial Corporation) We don’t know if this is the only story about the subject, but we doubt it is one you would have thought of without the background in this article.
Today there are 11 articles discussed ‘behind the wall’.
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