Most hedge funds lost money again in August as hundreds of managers, including some of the industry’s best-known names, stumbled when stock markets swooned anew, Reuters reported. Funds, on average, ...
Norway, which has amassed the world’s second-biggest sovereign wealth fund, says Greece won’t default on its debts, Bloomberg News reports. The Nordic nation’s $450 billion Government Pension Fund Global has ...
Cerberus Capital Management is believed to be the firm that made an offer worth up to $2.5 billion for the wine business of Foster’s Group, The Australian newspaper reported. Foster’s, ...
The British central bank held steady on its benchmark interest rate Thursday amid fresh warnings that the pace of recovery among major economies appears to be slowing faster than previously ...
The HSBC chief executive, Michael Geoghegan, should stay in his post and spurn any offer to become chairman, according to banking analysts, Bloomberg News reports. Chairman Stephen Green’s decision this ...
Swiss hedge funds have “reinvented themselves” this year as the country attracts new managers by offering lower tax rates than rival financial centers, Bloomberg News said, citing a Zurich University ...
The Australian Competition and Consumer Commission blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific for a second time, dashing N.A.B.’s efforts to cement its dominance in the ...
The British securities regulator said Thursday that it had fined Goldman Sachs £17.5 million, or nearly $27 million, for failing to disclose the Securities and Exchange Commission’s investigation into the ...
Smartpens are looking like a smart move at Livescribe. The company announced it has raised $39 million in a third round of funding to further build the market for its ...
Kno, the maker of an upcoming digital textbook tablet, announced Wednesday it has secured $46 million as part of an equity and debt round, VentureBeat reported. Andreesen-Horowitz was the lead ...
The Singapore sovereign fund Government of Singapore Investment Corp. kicked off the initial public offering of its logistics unit on Thursday, aiming to raise up to $3 billion in what ...
Simon Johnson, the former chief economist at the International Monetary Fund, is an author of “13 Bankers.” President Obama is finally trying to cut through some of the disinformation and ...
Please turn on JavaScript. Media requires JavaScript to play. President Obama: "I believe it's the private sector that must be the main engine for our recovery" President Barack Obama has ...
Central bank governors and senior regulators are to impose tighter restrictions on the level of assets banks must hold, the BBC has learnt. In future, they will need a "tier ...
The top American securities regulator defended its proposed $75 million settlement with Citigroup, saying the penalty reasonably accounts for the seriousness of the bank’s alleged misconduct, Reuters said, citing a ...
