Financials (Legacy)

China promises to improve laws, services to boost private investment

China promises to improve laws, services to boost private investment

Published 05/06/2016

BEIJING China has promised to implement measures to improve laws and government services for businesses in response to slowing private investment growth, state media reported [more…]

Fed’s Mester says gradual rate hikes still appropriate after jobs report

Fed’s Mester says gradual rate hikes still appropriate after jobs report

Published 04/06/2016

STOCKHOLM The latest disappointing U.S. jobs number has not changed the overall economic picture and gradual rate hikes remain appropriate, Cleveland Federal Reserve President Loretta [more…]

HSBC axes 840 IT jobs in Britain in first big wave of planned cuts

HSBC axes 840 IT jobs in Britain in first big wave of planned cuts

Published 16/05/2016

LONDON HSBC (HSBA.L), Europe's largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a [more…]

Major global hedge fund manager Bridgewater opens China unit

Major global hedge fund manager Bridgewater opens China unit

Published 16/05/2016

SHANGHAI Bridgewater Associates, the world's largest hedge fund with around $150 billion in assets under management, has set up an investment management unit in Shanghai, [more…]

Verstappen makes F1 history as Mercedes crash out

Verstappen makes F1 history as Mercedes crash out

Published 16/05/2016

BARCELONA Dutch teenager Max Verstappen made Formula One history as the youngest race winner on Sunday in a sensational Spanish Grand Prix that saw dominant [more…]

Humbled hedge fund managers acquiesce to clients at Vegas confab

Humbled hedge fund managers acquiesce to clients at Vegas confab

Published 13/05/2016

LAS VEGAS Swaggering hedge fund managers, long known for ignoring client complaints during years of strong performance, are trying something new: listening.

The shift was [more…]

Credit Suisse sees tough markets ahead after loss

Credit Suisse sees tough markets ahead after loss

Published 10/05/2016

ZURICH Credit Suisse (CSGN.S) predicted on Tuesday financial markets would remain tough, after the Swiss bank started the year with a quarterly loss for the [more…]

Nokia network sales weighed down by Alcatel integration

Nokia network sales weighed down by Alcatel integration

Published 10/05/2016

HELSINKI Nokia's (NOKIA.HE) mobile network equipment sales fell more than expected in the first quarter and will continue to decline this year, the Finnish company [more…]

Exclusive: BlackRock targets 2016 launch for LatAm infrastructure fund – document

Exclusive: BlackRock targets 2016 launch for LatAm infrastructure fund – document

Published 09/05/2016

NEW YORK BlackRock Inc is accelerating its push in Latin America, making plans for its first launch of a private equity infrastructure fund targeting that [more…]

Midas touch gone, hedge fund industry’s influence may be waning

Midas touch gone, hedge fund industry’s influence may be waning

Published 09/05/2016

NEW YORK Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock.

His prescient short calls such as [more…]