World economy talk

[xninjax]

Uls, what do you think about the philippine market in general? Index just breached 7000 yesterday but retraced today. Does it have enough muscle to go above 8000 in 1-2 years?

[uls]

Uls, what do you think about the philippine market in general?

overbought

hehe

Index just breached 7000 yesterday but retraced today. Does it have enough muscle to go above 8000 in 1-2 years?

pwede

they say money will come out of SDA and go into equities

that's a lot of muscle

[uls]

due to persistent public (shareholder) demand Apple will return $100B to shareholders

CUPERTINO, California—April 23, 2013—Apple® today announced that its Board of Directors has authorized a significant increase to the Company’s program to return capital to shareholders. The Company expects to utilize a total of $100 billion of cash under the expanded program by the end of calendar 2015. This represents a $55 billion increase to the program announced last year and translates to an average rate of $30 billion per year from the time of the first dividend payment in August 2012 through December 2015.

As part of this program, the Board has increased its share repurchase authorization to $60 billion from the $10 billion level announced last year. This is the largest single share repurchase authorization in history and is expected to be executed by the end of calendar 2015. Apple also expects to utilize about $1 billion annually to net-share-settle vesting restricted stock units.

Additionally, the Board has approved a 15% increase in the Company’s quarterly dividend and today has declared a dividend of $3.05 per common share, payable on May 16, 2013 to shareholders of record as of the close of business on May 13, 2013. Apple is among the largest dividend payers in the world, with annual payments of about $11 billion.

In conjunction with the expanded return of capital program, the Company plans to borrow and expects to announce more details about this in the near future.
The management team and Board of Directors will continue to review each element of the capital return program on an annual basis.

“We are very fortunate to be in a position to more than double the size of the capital return program we announced last year,” said Tim Cook, Apple’s CEO. “We believe so strongly that repurchasing our shares represents an attractive use of our capital that we have dedicated the vast majority of the increase in our capital return program to share repurchases.”

“We will continue to return capital to shareholders through dividends, share repurchases, and cash used to net-share-settle vesting RSUs,” said Peter Oppenheimer, Apple’s CFO. “We continue to generate cash in excess of our needs to operate the business, invest in our future, and maintain flexibility to take advantage of strategic opportunities.”

[glenn manikis]

pardon my ignorance sir uls...

hindi ko ma comprehend yung ibang post nyo....

bakit po a weaker yen is bad for germany?

eh ano naman po ang effect nito sa U.S.?

What about chinese currency's effect on U.S.?

may rippling impact din po ba yan sa peso natin...?

pasencya na talaga... wala ako alam kasi tungkol dito...

[uls]

Germany is an export economy like Japan

they compete with each other (example: automobiles -- Mercedes, BMW vs Lexus, Infiniti)

the weak yen makes Japan's exports cheaper

eh ano naman po ang effect nito sa U.S.?

same thing -- the weak yen made Japan's exports to the US cheaper

[uls]

What about chinese currency's effect on U.S.?

renminbi strong

makes China products more expensive

btw, rising wages in China -- China is no longer cheapest place to manufacture

may rippling impact din po ba yan sa peso natin...?

we're happy with the weak yen

importer kami ng Japan surplus

[boybi]

may rippling impact din po ba yan sa peso natin...?

lugi mga japayuki sa remittance

[uls]

as Japan fights deflation it is exporting deflation

the weaker yen makes everybody else's currency stronger

it's like everybody has a rate hike

which slows down the economy which is deflationary

at a time when the global economy is already weak Japan's war on deflation is actually bad for the world

[uls]

lugi mga japayuki sa remittance

10,000 yen = P4,100 nalang

P5,000+ last year

[boybi]

10,000 yen = P4,100 nalang

P5,000+ last year

Kelangan mas galingan nilang gumiling para mas malaki tip

[glenn manikis]

thanks sir uls...

shungga ko naman talaga oh.....

[glenn manikis]

renminbi strong

makes China products more expensive

btw, rising wages in China -- China is no longer cheapest place to manufacture




we're happy with the weak yen

importer kami ng Japan surplus

kaya siguro yung kinukuhaan namin ng products sa china tumaas ang price....

where naman po ang cheapest place?

[uls]

many places have cheaper labor than China

Bangladesh, Vietnam, Sri Lanka, Pakistan, India...

[uls]

how correlated are USDJPY and US equities?

check this out

USDJPY


S&P 500 e-mini futures



the correlation is pretty tight no?

the yen is the funding currency

[uls]

Do or die time for the US dollar over the next week | Tradingfloor.com

USDJPY from here? One suspects that this market is about bullish bets confidence rising and falling rather than new bears coming in to push things lower – so it’s the kind of market that could give way to the downside if stops are hit (have to imagine sub-98.00 and sub-97.50 are likely areas) but then back up quickly again unless there is a wider global risk-off trade developing. The action overnight below 98.50 and then back above exemplifies this kind of behavior.

[Monseratto]

Multiply is no more...

MANILA, Philippines — E-Commerce platform Multiply is calling it quits and closing its doors to its merchants and sellers, particularly in Southeast Asia, come May 6, the company announced late Friday.

In a statement posted on its website, Multiply said they will be closing on May 6 and will be ceasing all operations on May 31, without disclosing the reasons for the sudden closure.

“We will use the rest of May to make sure the all accounts are settled and that merchants receive full payment for all the transactions they completed on our platform. This will also provide our merchants with time to find and migrate to alternative e-commerce platforms, settle all payments on items bought and delivered, and to minimize disruption to their businesses,” the statement said.

The social shopping platform, which used to be known as a social networking site popular in countries like Southeast Asia, also said that merchants will receive all the funds they have earned through the platform by the time the business closes down.

In a separate statement sent to social blog DailySocial, Multiply CEO Stefan Magdalinski said that things didn’t go as plan and that they were not able to “pull off” Multiply’s turnaround as an e-Commerce platform, which officially started a year ago.

“About a year ago, our local Multiply teams were given the mighty challenge of totally re-inventing the company,” Magdalinski said. “After much effort, we are forced to admit that we were not able to pull it off. I’m proud of my team for their diligence and determination, despite the disappointing outcome.”

Multiply added that its major shareholder, MIH, remains “very optimistic” about the e-Commerce landscape in Southeast Asia, and has poured more investment into its other properties, including Sulit.com.ph, the Philippines’ most popular online classifieds site.

Magdalinski, an Internet veteran, was appointed CEO of Multiply after it moved its headquarters in Jakarta, Indonesia, about a year ago. Multiply said the move to Jakarta is prompted by its need to focus on its core markets in the region, where it has more than 5.5 million users and counting. Aside from the two Southeast Asian nations, Multiply also has a presence in Malaysia, Singapore, Thailand and Vietnam.

Initially conceived as a social networking site that pre-dated the boom of Facebook, Multiply had taken a turn in recent years due mainly to the unique way it has been used by users specifically in the Southeast Asian region.

In the Philippines, Multiply — through its head, Jack Madrid Madrid — is one of those leading the charge toward greater growth for e-commerce in the country, which as of late remains at its nascent stages. A competing platform, Sulit.com.ph, is also owned by MIH.

http://www.interaksyon.com/infotech/...-shop-on-may-6

[uls]

US Q1 GDP up 2.5% expected 3.0%

dollar negative

the market is massively short yen

so massive unwind

[uls]

what a boring day

nothing's happening!

[uls]

check out the yields of Italy and Spain 10 yr govt bonds

Italy Govt Bonds 10 Year Gross Yield Analysis - GBTPGR10 - Bloomberg

SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Analysis - GSPG10YR - Bloomberg

their problems are far from solved but yields have fallen to pre-crisis levels

they say it's money coming out of Japan and being parked in Italy and Spain bonds

[uls]

from Apple last week

CUPERTINO, California—April 23, 2013—Apple® today announced that its Board of Directors has authorized a significant increase to the Company’s program to return capital to shareholders. The Company expects to utilize a total of $100 billion of cash under the expanded program by the end of calendar 2015. This represents a $55 billion increase to the program announced last year and translates to an average rate of $30 billion per year from the time of the first dividend payment in August 2012 through December 2015.

As part of this program, the Board has increased its share repurchase authorization to $60 billion from the $10 billion level announced last year. This is the largest single share repurchase authorization in history and is expected to be executed by the end of calendar 2015. Apple also expects to utilize about $1 billion annually to net-share-settle vesting restricted stock units.

Additionally, the Board has approved a 15% increase in the Company’s quarterly dividend and today has declared a dividend of $3.05 per common share, payable on May 16, 2013 to shareholders of record as of the close of business on May 13, 2013. Apple is among the largest dividend payers in the world, with annual payments of about $11 billion.

In conjunction with the expanded return of capital program, the Company plans to borrow and expects to announce more details about this in the near future.

The management team and Board of Directors will continue to review each element of the capital return program on an annual basis.

Apple will borrow money to buy back shares and pay dividend

Apple has tons of cash why does it need to borrow money?

much of the money is parked overseas. if Apple repatriates the money it will be taxed heavily

makes more sense to borrow

demand for Apple bonds will be huge

Apple files for bond sale - The Buzz - Investment and Stock Market News

Apple files for bond sale
By Ben Rooney April 30, 2013: 11:24 AM ET

Apple took a step toward selling bonds for the first time in at least 17 years on Tuesday.

The company said that it plans to sell an undisclosed amount of fixed and floating-rate notes, according to a regulatory filing.

The notes will have maturities ranging between 3 years and 30 years, and Goldman Sachs (GS) and Deutsche Bank (DB) were tapped as underwriters.