Analyst | Common News Update

Mar302021 by adminNo Comments

Nomura had a ‘stellar financial year’ before it warned of potential $2 billion losses, analyst says

Finance

In this articleVIACPDISCA9888-HK700-HK8604.T-JPCSG.N-CHThe warning by Japanese investment bank Nomura that it could incur billions of dollars in losses at a U.S. subsidiary was "pretty unfortunate," an analyst said on Tuesday.Nomura on Monday flagged a potential $ 2 billion loss resulting from transactions with a client stateside. The bank's shares in Japan plunged following that announcement, declining more than 16% on Monday. Those losses extended into Tuesday, with shares declining 0.66% on the day."It's pretty unfortunate for Nomura," Pramod Shenoi, head of Asia-Pacific financials research at research firm CreditSights, told CNBC's "Street Signs Asia."Shenoi said "$ 2 billion dollars ... is a lot of money and what that does is pretty much wipe out any kind of earnings for the second ...

Mar122021 by adminNo Comments

North Korea sanctions slow, but don’t stop nuclear development, analyst says

World

March 12 (UPI) -- A former director at the International Atomic Energy Agency said international sanctions against North Korea worked to slow weapons development. Sanctions had a definite impact on Pyongyang's nuclear weapons program, but it has not stopped the Kim Jong Un regime from continued development, former IAEA deputy director general Olli Heinonen said, according to Voice of America's Korean service on Friday. Advertisement Heinonen also said economic embargoes had an indirect impact on the North's weapons program. Sanctions blocked sources of North Korean foreign currency earnings and hit the regime's exports. Those changes had an effect on state funding for the nuclear program, Heinonen said. While sanctions are not entirely ineffective, Heinonen said it alone does not prevent ...

Aug152020 by adminNo Comments

Analyst: Populism undermining democracy, Korean unification

World

NEW YORK, Aug. 14 (UPI) -- Political polarization brought on by populist nationalism is impeding consensus building on Korean unification, according to a South Korean analyst. Ambassador Ahn Ho-young, president of the University of North Korean Studies in Seoul, said at a webinar of the International Forum on One Korea building a national vision in South Korea for Korean unification must include values such as freedom, democracy and human rights. Advertisement "This past year we saw many developments inimical to those values," said Ahn, the former top South Korean envoy to Washington. Populism is everywhere globally on the left and the right. A large number of world leaders have succumbed to its temptations, Ahn said. In South Korea, the different dimensions of a successful unification s...

Aug102019 by adminNo Comments

Here’s when analyst reports matter, according to Morgan Stanley’s AI

Finance

Traders work on the floor at the New York Stock Exchange.Brendan McDermid | ReutersDo stock analysts truly have insights for investors about earnings or are they just riding the market?That's the question Morgan Stanley heard from investors after it detailed a new artificial intelligence strategy in June that studied its own analyst reports. The strategy, which relied on what the bank calls "Machine-Read Analyst Sentiment" or "MRAS," beat the S&P 500 during a backtest.To answer this question, researchers used the MRAS to look at times around an earnings announcement where analysts had taken a contrarian position.They found that when analysts go against the market, their calls are often correct. Even when stocks swings go against analysts, after a few weeks, those swings often reverse ...

Jul42019 by adminNo Comments

Analyst: Military parades can be good showing off strength

World

WASHINGTON -- President Donald Trump's plan for a show of military might and speech at the Lincoln Memorial on Independence Day is similar to military parades in countries like India and France, but actually could be viewed more as a tactic to remind Americans that the United States remains the superpower of the world despite China's growing prominence, a defense expert said Wednesday. The ceremony will feature M1 Abrams tank, Bradley fighting vehicle and other vehicles on static display. A march by ceremonial troops and flyovers of the Blue Angels, F-35 stealth jets and Air Force One jumbo jet are also expected. Countries like India, France and Singapore have showcased their military hardware on days of national importance. A defense researcher said that the military is a vital element ...