Fisher Capital Management Corporate News

Fisher Capital Management Corporate News:Ben Bernanke Warning Over US Debt Crisis

Posted by fcmcorp on June 18, 2011 in company news, corporate news, finance, investment, latest headlines,world news with 8 Comments

http://www.rte.ie/news/2011/0615/us.html

Updated: 17:18, Wednesday, 15 June 2011

The head of the US central bank has said America’s creditworthiness is at risk if the country’s borrowing limit is not raised.

Federal Reserve Chairman Ben Bernanke has urged Republican members of Congress to vote in favour of lifting the borrowing level from its current $14.3 trillion threshold.

‘I fully understand the desire to use the debt limit deadline to force some necessary and difficult fiscal policy adjustments, but the debt limit is the wrong tool for that important job,’ Mr Bernanke said in a speech in Washington.

The Fed Chair said in the absence of a quick resolution to the battle over the debt limit, the US could lose its prized AAA credit rating, while the dollar’s special status as a reserve currency might be damaged.

Mr Bernanke said that putting in place sustainable fiscal policies was a ‘daunting’ challenge ‘crucial for our nation.’

‘History makes clear that failure to put our fiscal house in order will erode the vitality of our economy, reduce the standard of living in the United States, and increase the risk of economic and financial instability.’

However, he said, ‘In debating critical fiscal issues, we should avoid unnecessary actions or threats that risk shaking the confidence of investors in the ability and willingness of the US government to pay its bills.’

US President Barack Obama yesterday warned of a new economic meltdown if the ceiling is not lifted in time.

‘We could actually have a reprise of a financial crisis, if we play this too close to the line,’ Mr Obama told NBC television.

‘We’re going (to) be working hard over the next month. My expectation is we’re going (to) get it done in a sensible way. That’s what the American people expect.’

If agreement is not reached by a deadline in early August, the US could start defaulting on its obligations.

Treasury Secretary Timothy Geithner has warned that failure to raise the borrowing cap by 2 August will trigger turmoil in the bond markets and economic ‘catastrophe’.

He met with Republican and Democratic politicians to try to find an exit to the impasse.

Fisher Capital Management Investment

Fisher Capital Management Investment: Warning of unrest as trouble grows in India

Posted by fcminvestment Published in business, finance, investing, investment, latest news

3 Votes

http://www.thenational.ae/business/markets/warning-of-unrest-as-trouble-grows-in-india

Anuj Chopra

Jun 17, 2011

MUMBAI // Not so long ago, India was on the verge of double-digit growth. But ambitions of becoming an economic superpower are on hold as fears of a slowdown loom.

Economic troubles:Storm clouds gather across the world.

Last Updated: June 17, 2011

Billions wiped off global stocks Trading screens across the world flash red as sharp sell-offs take place everywhere. Read article

In the Gulf UAE debt sales set to boost the Middle East Read article

In Europe Spectre of Greek default loomsRead article

In Japan Disasters look set to leave country stuck at zero Read article

In the US Politicians in economic theatre of battle Read article

In China Curbing inflation is a balancing actRead article

BACK TO BUSINESS

The economy expanded at 7.8 per cent in the first quarter of the year – the slowest pace in five quarters.

Yesterday, the Reserve Bank of India (RBI) raised key interest rates for the 10th time since March last year, despite warnings by analysts that high interest rates could dent the main drivers of economic growth: domestic consumption and investment.

Signs of trouble are already visible. Last year, foreign direct investment in India fell 32 per cent from 2009 to US$24 billion (Dh88.15bn). The rate of investments in India plunged to 0.4 per cent in the January to March period compared with 20 per cent in the same period last year. Industrial production slowed to 6.3 per cent in April from 8.8 per cent in March.

D Subbarao, the governor of the RBI, said the interest rate rises were warranted to deal with rising inflation, which Credit Suisse bank called India’s “horror show”.

Inflation increased to 9.06 per cent in May compared with 8.66 per cent in April. But policy analysts say raising interest rates incessantly is akin to pressing the brake pedal and the accelerator at the same time.

“The slowdown has been due to a near collapse in the investment cycle,” says Rohini Malkani, an economist with the investment bank Citi India. “Higher rates could take a toll on investments and consumption.”

Aggressive monetary tightening threatens to destabilise the growth of the industrial sector, which the country heavily relies on to absorb the millions of people entering the workforce every year. Such action could spark widespread social unrest, Udayan Bose, the chairman of India’s employer association’s corporate finance committee, warned in a letter this week to Mr Subbarao.

business@thenational.ae

FISHER CAPITAL CONSTRUCTION MANAGEMENT

MAXMECH Group is the Pioneer in launching of several equipments in India like; Fully Automatic - Electronic Concrete Batching Plant, Mobile Concrete Batching / Mixing Plant, Hydrostatic Sensor Pavers, Transit Mixer, Vibratory Roller, Mobile & Computerized Wet Mix Macadam Plant, Mobile Cement / Fly ash Silo etc. providing expertise and delivering globally recognized technology that gives our customers a peace of mind. Right from the beginning the philosophy of the company is to manufacture world class quality product and thus company has earned very high reputation in the market.

Wet Mix Macadam Plant Soil Compactor Tandem Vibratory Roller Asphalt Sensor Paver Broomer Slipform Curbing Machine Truck Mounted Concrete Batching Mixing Plant

Concrete Batching / Mixing Plant Mobile Concrete Batching / Mixing Plant Transit Mixer Cement & Fly Ash Silo Mobile Cement / Flyash Silo Concrete Lining Paver

Resolved Question

Show me another »

Since when does Fisher Capital Management been around? (www.fisher- capital.com)?

• 1 month ago
• Report Abuse

by Basia Babb

Member since:

March 27, 2011

Total points:

112 (Level 1)

• Add Contact
• Block

Best Answer - Chosen by Voters

Fisher Capital is a family-run private equity firm that was established in 1991 by Don Fisher and his son, Bill Fisher.

Source(s):

http://www.fisher-capital.com/

• 1 month ago
• Report Abuse

100% 1 Vote

• Action Bar:
• 0 stars - mark this as Interesting!

  Who found this interesting?

  Be the first person to mark this question as interesting!
• Email
• Comment (0)
• Save
  • Add to private Watchlist
  • Save to Yahoo! Bookmarks
  • Add to My Yahoo!
  • Add to Del.icio.us
  • RSS

There are currently no comments for this question.

* You must be logged into Answers to add comments. Sign in or Register.

Other Answers (1)

• by Cacey Cabell
  

  Member since:

  March 27, 2011

  Total points:

  102 (Level 1)

  • Add Contact
  • Block

  It was founded in 1991 by the Fisher family with their expertise on banking and investment management.

  • 1 month ago
  • Report Abuse

  0% 0 Votes

Fisher Capital Management - Japan Elects a New Premier Part 2

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 1, 2011 --


Fisher Capital Management Eight and a half months after riding the Democratic Party of Japan’s (DPJ) historic lower house victory into office, Prime Minister Yukio Hatoyama announced his resignation, having haphazardly frittered away a chest brimming with political capital.

Major newspapers said that Hatoyama was resigning mainly for two reasons: his failure to keep his promise to relocate the functions of US Marine Corps Air Station Futenma, Okinawa, out of Okinawa Prefecture, and a political funding scandal that included his mother’s provision of some ¥1.26 billion to him over years.

Fisher Capital Management - Japan Elects a New Premier Part 2: Instead of deregulation and lower corporate taxes, he envisions increased employment and consumption through focused government spending in nursing, medicine and other social welfare fields. But some economists expressed doubts; they say there is no guarantee that the positive effect of government spending can steadily outpace the negative effects of tax hikes.

Kan seems to be open to the idea of raising Japan’s consumption tax from its current level of 5%, though the approach of the upperhouse election on July and concerns over a political backlash suggest caution will be the government’s modus operandi.

“Any rise in the consumption tax rate must be offset by lower levies on daily goods as well as refunds for low-income households”, he recently said. But he also hopes to reduce corporate taxes from the current 40% rate to around 25%, in line with other major countries. In the foreign exchange market, Kan has earned a reputation as a weak-yen advocate. “The business community says that a yen in the mid-90s against the dollar is appropriate, so it would be better
if it weakens a bit further”, he said in January, shortly after becoming finance minister.

Fisher Capital Management - Japan Elects a New Premier Part 2: Market observers believe that Kan still supports a weaker yen and that the Japanese currency could depreciate against the US dollar. Regarding monetary policy, Kan is generally considered an advocate of inflation-targeting and quantitative easing. As finance minister, he has put some political pressure on the Bank of Japan (BOJ) to fight deflation more aggressively, he nudged the BOJ to double a special bank lending program introduced in December. The bond market believes Kan is a wise choice to manage the sustainability of Japan’s government debt.

The DPJ had promised to unveil a long-term plan to improve public finances. However, “postponement is likely because of the current political churn, and any real ‘meat’ in the plan will probably not be disclosed until after the Upper House election” … says Flemming Nielsen, senior analyst at Danske research.

Kan is a self-made man, ascending into politics after years toiling in citizen movements and he has a reputation as a quick learner and a pragmatic politician, with sharp elbows and an aversion to any criticism.

The country he now leads is facing dire long-term problems that beg for strong leadership, including a staggering level of public debt, a stagnant economy, and an ageing population. He has a few weeks to fix the impression left by nine months of incompetent DPJ governance.

If he fails, the party will be routed in the elections for the Diet’s upper house.

Fisher Capital Management Scam Prevention News

Fisher Capital Management Scam Prevention News: S Korea, China Bust Phone Scam Ring Targeting S Korea

http://www.bernama.com/bernama/v5/newsworld.php?id=581379

April 24, 2011 12:40 PM

SEOUL, April 24 (Bernama) — Chinese prosecutors have arrested 23 suspects over phone fraud on South Koreans, Seoul’s prosecutors said Sunday, the first bust on a scam ring after the two neighbouring countries agreed to thwart voice phishing scams that have caused huge financial damage in South Korea in recent years.

Voice phishing involves random phone calls to dupe victims to siphon their bank accounts, Yonhap News Agency reported.

Callers, growingly traced to networks in China, masquerade as police or bank officials, or sometimes demand ransom claiming they are holding a family member hostage.

The damage from phone fraud has reached over 200 billion won (US$185 million) over the last three years, according to South Korean prosecution data.

More than 1,500 suspects of the scams are believed to have fled to China during the past five years.

A Chinese ringleader and 22 other scammers allegedly swindled several billion won from South Koreans by impersonating officials of financial institutions and fooling them into depositing their money at certain bank accounts.

The Chinese prosecutors are also chasing other members of the busted phone scam ring that allegedly has about 100 members, according to Seoul’s prosecutors.

The bust came three months after South Korean Prosecutor General Kim Joon-gyu and Meng Jianzu, China’s public security minister, agreed to cooperate in rooting out voice phishing scams.

South Korean prosecutors said they can soon extradite 15 separate suspects from China over similar scams that caused some 150 billion won ($138 million) in damages from 20,000 victims. The prosecutors did not give any specific time frame.

– BERNAMA

Fisher Capital Management Reports: International Equities

The third quarter saw double-digit returns for the world¹s equity markets. U.S. large-cap stocks, as measured by the Russell 1000 Index, rose 16.07%, bringing that index’s year-to-date return to 21.08%. Mid-cap stocks were the best performers overall, with the Russell Mid-Cap Index gaining 20.62% for the third quarter and 32.63% for the year. Value stocks bounced back during the quarter, outperforming growth stocks across the full range of market capitalizations. Small-cap value stocks were the best performers for the quarter but still lagged their small growth counterparts by almost 13 percentage points for the year.

International Equities: Fisher Capital management, Korea reports: International equities posted double-digit gains for the third quarter as well. The MSCI EAFE IMI Index gained 19.82% in the third quarter, with local-currency average market returns of 15.10% boosted by the weak performance of the U.S. dollar.

Emerging markets produced another strong quarter, but one that was more in line with developed market returns than was the case during the second quarter of 2009, as the MSCI Emerging Market IMI Index rose 21.30% for the third quarter. Both developed and emerging markets were driven higher by the strong performance of European equity markets, while Asian markets, particularly in Japan, lagged.

Fisher Capital Management Outlook: At the end of the quarter, markets reacted negatively to mixed economic news, signaling a potential correction off the recent highs. The strong rally since the market’s low of March 9, 2009 has left observers wondering whether rapidly-rising stock valuations have become prematurely rich and earnings expectations somewhat stretched.

While we are cautious about the performance of the market in the short term, we continue to expect a slower, but more robust and sustained, “smile-shaped” economic recovery in the long run.

Many financial institutions talk about wealth management.

Few have the resources to deliver an integrated solution. We are among the few.

Providing a client service that is second to none. Learn how your Investment Advisor, with the support of the team of professionals at Fisher Capital, can help address the issues you face while preserving, enhancing and transferring your wealth...Diversification and quality are our research guidelines. At Fisher, we are committed to a long-term investment philosophy that emphasizes quality and diversification. We do business this way because years of experience have convinced us that...

We find the right investment balance for our clients. Fisher leads the way in the provision of first class advisory services across the investment spectrum. Our clients range from private individuals, to intermediaries and global institutions...

Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

By: fishercapital

Article Directory: http://www.articledashboard.com

Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world. As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service secon