According to Goldman Sachs strategists, the answer is fairly simple: Bet on companies that don't see so much turnover in their shares.» Read More
NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...
NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...
Dec 17- Shares of the Herzfeld Caribbean Basin Fund jumped by nearly 40 percent to a seven-year high on record volume on Wednesday following reports that the Obama administration was preparing to announce sweeping changes to U.S. policy about Cuba. The fund, a closed-end mutual fund listed on Nasdaq under the ticker " CUBA," holds stocks and assets that fund...
Some of the names on the move ahead of the open.
A quick market recap of what happened on Friday.
Oct 12-:* Deutsche Bank cuts Swedbank Nordea to hold from buy* Deutsche Bank raises DNB target price to 81 Nok from 77 Nok* Deutsche Bank raises SEB target price to Sek 51 from Sek 48. *Deutsche Bank raises Svenska Handelsbanken target price to Sek 205. Reuters Station users, click. 1580.
*Citigroup raises Danske Bank target price to Dkk 110 from Dkk. *Citigroup raises Nordea target price to 8 euros from 7.4 euros;. rating neutral* Citigroup cuts SEB to sell from neutral* Citigroup raises SHB target price to Sek 235 from Sek 225; rating neutral* Citigroup raises Swedbank target price to Sek 125 from Sek 117; rating neutral.
STOCKHOLM, Oct 10- Sweden is to delay new rules forcing banks to put aside more capital than other banks in Europe to protect themselves against risk to the middle of next year, Financial Markets Minister Peter Norman said on Wednesday.
STOCKHOLM, Oct 10- Sweden's Financial Markets Minister Peter Norman said on Wednesday that new, tougher capital requirements for banks were likely to be in place at the middle of next year and not January as previously targeted. "We are beginning internal legislative work at the Finance Ministry that I hope will come into force in the middle of 2013.".
STOCKHOLM, Oct 10- Sweden's financial watchdog said on Wednesday that banks should retain responsibility for setting Swedish interbank rates, the system for which is under review by the central bank in the wake of the rigging of its London equivalent.
President Obama's decision to ease US restrictions on Cuba sets a prospect for improving the 47-year-old US trade embargo on the island, potentially allowing American companies to gain access to a market that has been dominated by Europe and Canada.
News that Fidel Castro plans to step down as Cuba's head of state after nearly half a century in power raises more questions than it answers. While investors wait for answers, there are ways to play Cuba right now. No one knows better than Tom Herzfeld, a veteran investor in the region.
As Castro Announces his Retirement at 81, the stocks that could benefit.