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. The globally popular statue of a young girl staring down Wall Street's iconic bull will stay in place until next March, New York's mayor has said. ... [Read full article on BBC ]
Tuesday 28th of March 2017 03:27:38 AM
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....Star trader Bill Gross has ended a "family disagreement" with his former firm Pimco, in a settlement worth an estimated $81m (£65m). The billionaire, dubbed Wall Street's "Bond King", sued Pimco after his abrupt departure from the firm in 2014. ... [Read full article on BBC ]
Monday 27th of March 2017 10:01:31 PM
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.... Whether a country sells gas or financial products to the rest of the world doesn’t matter all that much; the point is that the successful sector crowds out others by causing real exchange-rate appreciation. In lamenting the strong dollar’s effect on manufacturing employment in the US, Trump should look to Wall Street, not Germany. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 03:26:12 PM
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. (Close): There was no clear driver behind Wall Street's somewhat mixed performance on Wednesday. ... [Read full article on BBC ]
Wednesday 29th of March 2017 03:27:41 PM
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. Wall Street’s uncritical love affair with Donald Trump is over. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:02:24 AM
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Latest Finance News related to Wall Street

US shares mixed as dollar gets boost image
Source : BBC [Read Article] Wednesday 29th of March 2017 03:27:41 PM
. (Close): There was no clear driver behind Wall Street's somewhat mixed performance on Wednesday. ...
Trump is wrong to criticise Germany over trade – he should look closer to home image
.... Whether a country sells gas or financial products to the rest of the world doesn’t matter all that much; the point is that the successful sector crowds out others by causing real exchange-rate appreciation. In lamenting the strong dollar’s effect on manufacturing employment in the US, Trump should look to Wall Street, not Germany. ...
New York's Fearless Girl statue to stay on till March 2018 image
Source : BBC [Read Article] Tuesday 28th of March 2017 03:27:38 AM
. The globally popular statue of a young girl staring down Wall Street's iconic bull will stay in place until next March, New York's mayor has said. ...
'Bond King' Bill Gross settles Pimco feud for $81m image
Source : BBC [Read Article] Monday 27th of March 2017 10:01:31 PM
....Star trader Bill Gross has ended a "family disagreement" with his former firm Pimco, in a settlement worth an estimated $81m (£65m). The billionaire, dubbed Wall Street's "Bond King", sued Pimco after his abrupt departure from the firm in 2014. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
....Shares, oil and the US dollar were all under pressure as global financial markets took fright at the prospect that Donald Trump would fail to deliver on his growth-boosting promises. In the most nervous conditions since the immediate aftermath of the president’s shock victory in last November’s elections, stock markets in Asia and Europe fell in response to Tuesday’s sharp decline on Wall Street. ...
London's leading shares lose ground image
Source : BBC [Read Article] Wednesday 22nd of March 2017 08:45:47 AM
. London's leading shares ended the day lower, extending Tuesday's losses, after Wall Street suffered its worst day this year. ...
Asian shares drop as investors fear Trump won't deliver on promises image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:23:59 AM
....Concerns about the Trump administration’s ability to push through key reforms and deliver on a promised fiscal boost turned share markets across the Asia Pacific region into a sea of red on Wednesday. As investors dumped risky assets and rushed to safe havens such as gold and government bonds, the worries were amplified by a strongly worded editorial in the Wall Street Journal published on Wednesday. ...
Wall Street suffers worst day this year image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:28:57 PM
. Wall Street suffered its worst day this year as investors fretted about whether President Donald Trump will be able to deliver promised tax cuts. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
.... This service was used to move money from Latvia to banks across the world. During this period many Wall Street banks got out of Latvia, citing concerns that the small Baltic country had become a centre for international money laundering, especially from neighbouring Russia. ...
Bill Gates tops Forbes' rich list but Trump's wealth slips image
Source : BBC [Read Article] Monday 20th of March 2017 05:17:00 PM
....The magazine also said that his wealth was hit by $66m in political spending on his successful presidential campaign, as well as $25m to settle litigation he allegedly ripped off students at Trump University. Mr Trump would also have missed the big Wall Street rally following his election, assuming he sold off all of his shares during last year's campaign, the magazine said. ...
Rising food costs - what's that got to do with the price of Brexit? image
Source : Guardian [Read Article] Sunday 19th of March 2017 07:00:01 AM
.... It includes a very decent crack by Richard Breeden, a former chairman of the Securities and Exchange Commission, who said: “It is not an adequate ethical standard to aspire to get through the day without being indicted”. There is added humour in imagining Wall Street eyebrows arching. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
.... I love Tesla cars, though I doubt I’ll ever be able to afford one. But according to one of the UK’s top fund management groups, both are among the most overpriced shares on Wall Street, a stock market that under President Trump is – to use a phrase he rather likes – one of the most overrated in the world. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
.... Their efforts have been rendered effectively useless by the former chancellor. The 45-year-old has treated his time in government as an elongated gap year – time served to give him the CV points to go off and make big-money speeches on Wall Street and land a part-time job in the industry he was meant to be regulating. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
....£640,000 as an adviser to BlackRockThe advisory job at the world’s biggest investment fund throws up a potential conflict of interest with Osborne’s oversight of the Evening Standard’s business coverage of BlackRock, all the companies in which it is invested and its competitors. £800,000 for 15 speaking engagements in the last year – including from City and Wall Street banks. ...
FTSE 100 closes at record high image
Source : BBC [Read Article] Thursday 16th of March 2017 03:47:19 PM
Schaeuble calls for 'strong' City post Brexit image
Source : BBC [Read Article] Thursday 16th of March 2017 01:55:49 PM
....The finance minister also declared his support for strong international banking regulations. In a thinly disguised broadside at the new US administration, which has signalled it intends to roll back Wall Street regulation, Mr Schaeuble said: "I'm fully aware that many of you in the room are not fans of regulation". ...
US interest rate rise signals end of ultra-low borrowing costs image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:31:25 PM
....It could have been worse. That was Wall Street’s initial response to the decision by the US Federal Reserve to raise borrowing costs in the world’s biggest economy by a quarter of a point. ...
US jobs report means Fed rate hike is a bolt-on certainty image
Source : Guardian [Read Article] Friday 10th of March 2017 03:03:04 PM
....It certainly seems unlikely that next Wednesday’s rise will be the end of the matter. The report from the Bureau of Labour Statistics showed employment up by more than the 190,000 expected by Wall Street and unemployment at 4. ...
Fearless Girl statue faces Wall Street bull image
Source : BBC [Read Article] Wednesday 8th of March 2017 11:06:43 PM
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Related to :
George Osborne to be paid £650,000 for working one day a week image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:34:36 PM
....George Osborne has declared a salary of £650,000 a year for working just four days a month at BlackRock, the world’s biggest fund management firm, as well as almost £800,000 for speeches to financiers. The former chancellor’s earnings were revealed in the latest register of MPs’ interests, which shows that he will make more than eight times his salary as a backbencher as an adviser to the Wall Street firm. ...
Girl statue faces Wall Street bull to fight gender inequality image
Source : BBC [Read Article] Wednesday 8th of March 2017 12:01:19 PM
. Tourists visiting New York's Wall Street today may get a surprise. ...
Snap slides as Wall Street ends lower image
Source : BBC [Read Article] Monday 6th of March 2017 11:51:47 PM
....Shares in Snap, the owner of Snapchat, slid 12% on Monday to close below the price at which they started trading just last week in New York. The stock soared on Thursday after making its Wall Street debut. ...
UK’s star fund manager aims to win over the older savers market image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:00:08 AM
.... Woodford says this isn’t spectacular but isn’t bad, either. But with the FTSE 100 at a record high (and Wall Street even higher) aren’t shares expensive right now? “The UK market is polarised between very overvalued and very undervalued stocks. ...
Sorrell: companies that offend good governance tend to perform better image
....WPP’s Sir Martin Sorrell has said that companies with dominant shareholders or owners such as Rupert Murdoch’s Fox, Facebook and Snap that “offend” good corporate governance practices take more risks and tend to perform better financially. Sorrell was speaking the day after Snapchat parent Snap floated on Wall Street, with the offering oversubscribed and the share price rising more than 44% to $24 (£19. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
. President Donald Trump has helped drive up stock markets on Wall Street and in London to new highs, after he promised corporate tax cuts and a spending splurge on infrastructure projects to boost the economy. ...
Dow Jones stock index hits best winning streak in 30 years image
Source : BBC [Read Article] Monday 27th of February 2017 10:19:25 PM
....It is the longest winning streak for the share index since January 1987. Analysts said Wall Street was buoyed by hopes the US president would set out more on his spending and tax plans in a speech to Congress on Tuesday. ...
Warren Buffett, 'Oracle of Omaha', criticises Wall Street and praises immigrants image
. The billionaire Warren Buffett, whose stock picks have turned Berkshire Hathaway into one of the most successful conglomerates in the world, criticised Wall Street on Saturday, saying investors should “stick with low-cost index funds”. ...
Snapchat IPO: Evan Spiegel tries to sell investors on his top product – himself image
.... Other tech titans, notably Google and Facebook, have gone public and retained control of their companies. But not even the Google twins or Mark Zuckerberg tried to sell Wall Street on keeping 100% control. ...
Education publisher Pearson reports biggest loss in its history image
Source : Guardian [Read Article] Friday 24th of February 2017 08:17:21 AM
....”. The company said it was looking to sell its English test preparation business in China, Global Education, which it acquired in 2011 for $155m (£123m), and to find a strategic partner for the English-language learning business Wall Street English, which it acquired in 2009 for $145m. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
.... And the cut in the dividend can be deemed old news: it was signalled a year ago as a prudent way to clear the decks and enable “non-core” assets to be shed faster. But, come on, Staley’s biggest call as the incoming boss was to retain the ambition to go head-to-head with the big Wall Street investment banks. ...
Paris, Frankfurt, Vilnius: how EU cities are vying for London's bankers image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:00:11 PM
....The Dutch capital hopes its central European location and advanced digital infrastructure will attract heavily tech-reliant financial services firms that will prove a better fit for Amsterdam’s relatively sober financial culture. The Netherlands has been notably tough, for example, on bankers’ bonuses, which are limited to 20% of salary, and unequivocal (in the form of a speech by finance minister Jeroen Dijsselbloem) about the fact that it is not out to attract Wall Street or City-style excess – a stance some may not appreciate. ...
How Donald Trump became Deutsche Bank's biggest headache image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:47 PM
....Its New York property division first loaned money to him in 1998 at a time when the bank was attempting to expand its commercial real estate portfolio. By that stage, other major banks were becoming cautious about Trump, in part, the Wall Street Journal has said, because of frustration with his business practices. ...
Deutsche Bank examined Trump's account for Russia links image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:00 PM
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
.... “In fact our banks have thrived since we passed Dodd-Frank,” she said. Warren asked for a Wall Street Journal article on the record profits being recorded by Wall Street banks to be entered into the record of the day’s hearing. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....Mnuchin was approved on a mostly party-line vote of 53-47 with Joe Manchin, a senator facing re-election in 2018 in conservative West Virginia, acting as the lone Democrat to vote in Mnuchin’s favor. The vote capped off yet another contentious debate in the Senate over Trump’s fledgling administration, as Democrats cried foul over Mnuchin’s ties to Wall Street. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
.... Both houses of Congress have voted to gut a law that would have forced US oil, gas and mining companies to disclose their royalty, licensing and other payments to foreign governments. The law was a bipartisan initiative between Democratic Senator Ben Cardin and former Republican Senator Richard Lugar, and formed an amendment to the 2010 Dodd-Frank Act, the law designed to clean up Wall Street after the financial crisis. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... Fortunes are still being made and very few have paid the price for cataclysmic mistakes. On the campaign trail, Trump unfailingly tarred Clinton as compromised by, and enmeshed with, Wall Street and its mega banks. ...
Twitter loses ad revenue despite gaining 2 million users and Trump 'boost' image
Source : Guardian [Read Article] Thursday 9th of February 2017 12:50:28 PM
.... Its shares fell by more than 11% to $16. 54 in early trading on Wall Street after the disappointing set of figures were revealed. ...
Trump's bonfire of banking rules could burn us all | Nils Pratley image
Source : Guardian [Read Article] Monday 6th of February 2017 07:14:50 PM
.... But a major bonfire of capital rules and regulations, under a Trumpist “America first” banner, would be an appalling prospect. Even many senior UK bankers are astonished by the apparent power of Wall Street’s lobbying machine. ...
Should financial advisers put us before them? Debate is back on the table image
....Scaramucci echoed that position during a panel at the World Economic Forum in Davos last month. “At the end of the day, Wall Street is a circulatory system of capital,” “If you’re constraining it through this excess regulation, you’re just going to get less growth. ...
Donald Trump retains direct tie to businesses, documents show image
Source : Guardian [Read Article] Saturday 4th of February 2017 06:30:22 PM
.... For example, Secretary of State Rex Tillerson, the long-time chief executive officer of Exxon Mobil, left the energy company, sold off his millions of shares and put the cash into a trust to be overseen by a third party. On Friday, Vincent Viola, a billionaire Wall Street trader and Trump’s nominee for army secretary, withdrew from consideration, saying untangling himself from his business would prove too difficult. ...
Blow to UK nuclear strategy as Toshiba considers pulling out of Cumbria plant image
....Plans for a new nuclear power station in Cumbria are likely to be scrapped after a key backer pulled out, creating a major hole in the government’s nuclear strategy. Two industry sources close to the process said Toshiba had privately decided to quit the consortium behind the planned Moorside plant, echoing sources who told Reuters and the Wall Street Journal that the Japanese company was withdrawing from new nuclear projects in the UK. ...
Amazon posts solid fourth quarter profit but shares dip over revenue image
Source : Guardian [Read Article] Thursday 2nd of February 2017 10:33:39 PM
. Amazon had a bumper holiday, as the online retailer announced a 55% rise in fourth-quarter profit on Thursday for the three months ending 31 December, but its share price fell in after hours trading after the retail and services giant narrowly missed Wall Street’s sales expectations. ...
Wall Street suffers worst day in months following Trump travel ban image
Source : Guardian [Read Article] Monday 30th of January 2017 06:26:31 PM
....6% and the Nasdaq Composite dropped 0. 8% as the CBOE Volatility index or Wall Street’s “fear gauge” surged 16%, its biggest rise since 9 September. ...
Smoot and Hawley, the ghosts of tariffs past, haunt the White House image
Source : Guardian [Read Article] Sunday 29th of January 2017 12:00:23 PM
....The extent to which Smoot and Hawley were to blame for the coming Great Depression is still a matter of debate. “Ask a thousand economists and you will get a thousand and five answers,” said Charles Geisst, professor of economics at Manhattan College and author of Wall Street: A History. ...
Final US growth figures under Obama are a triumph – for Trump  | Larry Elliott image
.... For the new president, that is. Judging by the preliminary estimates, the pace of US growth slowed in the final three months of 2016 – and by more than Wall Street had been anticipating. ...
Strong dollar drags US growth to slowest pace since 2011 image
Source : Guardian [Read Article] Friday 27th of January 2017 02:15:35 PM
....Mnuchin, a former financier at Goldman Sachs, said last year after his nomination that GDP growth of 4% would be achievable once Congress implemented a series of tax cuts and spending plans put forward by Trump. But the high value of the dollar, which has hit exports, and Trump’s threat to implement protectionist measures, including a 20% tariff on all Mexican imports to fund a border wall, have created uncertainty and dented Wall Street optimism for higher growth in 2017. ...
Dow Jones industrial average surpasses 20,000 to record high image
Source : Guardian [Read Article] Wednesday 25th of January 2017 02:30:48 PM
....The Dow, which first nearly topped 20,000 on 13 December and again on 6 January, when it came within 0. 37 points of the landmark, finally broke through after the opening bell was rung on Wall Street by Ashton Poole, CEO of lender Triangle Capital. ...
Is the FTSE heading for the crash of 2017? image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
....”. But my feeling is that as more and more analysts have been employed in the City, on Wall Street and in Hong Kong, the worse the forecasts have become. ...
Buy, George? World's largest fund manager hires Osborne as adviser image
Source : Guardian [Read Article] Friday 20th of January 2017 04:53:41 PM
....George Osborne is taking on a lucrative six-figure role as an adviser to BlackRock, the world’s biggest fund manager. The former chancellor has already earned considerable amounts in the private sector since Theresa May sacked him as chancellor, with speeches to Wall Street banks helping to make him the highest earning MP in 2016. ...
Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:15:50 PM
....Goldman Sachs has suspended plans to move key operations from the US to London because of the uncertainty created by the vote to leave the EU. The Wall Street firm – in the midst of building a new £350m London headquarters – had been preparing to shift more of its global operations and IT activities from New York, but now appears to have embarked on a hiring freeze. ...
'The swamp is Goldman Sachs': how the bank is rewarded for putting profits over people image
.... Calling them “Government Sachs” is a way to highlight the level to which they have captured Washington and influence policy that benefits themselves. As for the occupation itself, the tactic obviously brings echoes of Occupy Wall Street, but Pumerol says that this demonstration differs in its specific demands – to halt the appointment of Mnuchin as well as fellow Goldmanites Gary Cohn, Anthony Scaramucci, Dina Powell and Steve Bannon. ...
Pound soars but FTSE falls after Theresa May's Brexit speech image
Source : Guardian [Read Article] Tuesday 17th of January 2017 06:37:34 PM
.... Trump said US companies could not compete with China “because our currency is too strong. And it’s killing us”, the Wall Street Journal reported. ...
Top Trump adviser says post-Brexit trade deal feasible within a year image
Source : Guardian [Read Article] Tuesday 17th of January 2017 05:16:19 PM
....Teresa May’s hopes of striking a trade deal with the incoming Donald Trump administration have been given a boost after a leading adviser to the president-elect said a new accord could be achieved within six to 12 months. Anthony Scaramucci, a Wall Street financier and member of Trump’s transition team, said at the World Economic Forum in Davos that Barack Obama’s successor would seek a swift and mutually beneficial agreement. ...
Davos without Donald Trump is like Hamlet without the prince image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:29:43 AM
.... They purr at plans to spend more on infrastructure. Wall Street is happy because it thinks the new president will mean stronger growth and higher corporate earnings. ...
Obama's legacy image
Source : BBC [Read Article] Friday 13th of January 2017 12:03:44 AM
.... . The release of this job tally, which happens at the same time, on the same day (the first Friday) of every single month, is one of the constants in the working life of a Wall Street economist or reporter. ...
Snapchat accused of lying about user numbers to inflate value of IPO image
Source : Guardian [Read Article] Thursday 5th of January 2017 09:01:08 PM
....Last year, anonymous sources with Snap told Bloomberg News that Snapchat had more than 150 million daily users who upload more than 10bn videos a day. In November, Snap filed paperwork for a possible $25bn IPO, according to the Wall Street Journal, with Morgan Stanley and Goldman Sachs as lead investors. ...
Apple pulls New York Times app from China app store image
Source : BBC [Read Article] Thursday 5th of January 2017 05:38:01 AM
.... . Apps from some other international media outlets can still be accessed, including the Washington Post, the Wall Street Journal, BBC News, the Financial Times, ABC News, CNN, and Reuters. ...
Rex Tillerson eyes $180m payout to cut Exxon ties image
Source : BBC [Read Article] Wednesday 4th of January 2017 08:19:02 PM
....TRead more on Rex Tillerson - the wild card diplomat. Confirmation of the compensation arrangement came as Mr Trump said he would nominate Walter "Jay" Clayton, a lawyer at Sullivan & Cromwell, who advises clients on major Wall Street deals, to head the US financial watchdog, the US Securities and Exchange Commission. ...
Surging stock markets say Trump is a conman and May a phoney | Andrew Rawnsley image
.... When these “unthinkables” then happened, markets responded with an instant panic plunge before bouncing back. The “Trump trade” powering Wall Street is based on an assumption that he will do all of the semi-sensible things he has suggested to boost the US economy, while fulfilling none of the reckless campaign promises that would derail it. ...
A tumultuous year: the 2016 global economy in 10 charts image
Source : Guardian [Read Article] Friday 30th of December 2016 04:04:05 PM
....The US stock index has soared to new highs in 2016, flirting with the 20,000 level. Worries about a potential wave of protectionism under president-elect Donald Trump have been more than offset by Wall Street’s hopes that huge infrastructure spending and deregulation will boost the US economy – in the short-term at least. ...
Brexit, Trump and 25 spoons of sugar: our top business stories of 2016 image
Source : Guardian [Read Article] Thursday 29th of December 2016 12:13:55 PM
....Our teams in New York, London and Sydney tracked the initial panic as it swept through world markets, followed by an extraordinary rally. Shares in private prison groups and gun makers did particularly well on Wall Street. ...
London shares rise to record high image
Source : BBC [Read Article] Thursday 29th of December 2016 09:31:16 AM
....26. A weaker performance on Wall Street overnight had earlier held back investors. ...
FTSE 100 soars to new closing high image
Source : Guardian [Read Article] Wednesday 28th of December 2016 07:35:58 PM
.... But it is only up 3% for 2016, substantially lagging the internationally-focused FTSE 100. Wall Street was unable to follow the City’s lead by setting its own record highs. ...
Nearly 1,000 City staff  at four big US banks given €1m in pay deals in 2015 image
Source : Guardian [Read Article] Wednesday 28th of December 2016 05:34:51 PM
....Four major US banks handed almost 1,000 of their top City staff at least €1m (£850,000) in pay deals last year. Goldman Sachs, the highest profile Wall Street bank, disclosed that 11 of its key staff received at least €5m in 2015. ...
Fed's rate hike signals a déjà vu for 2017 image
Source : Guardian [Read Article] Friday 23rd of December 2016 08:00:11 AM
.... Lenders will do what they have always done: act in their own interest. Over in the US, Trump selected a cadre of Wall Street and big business sympathisers for his court. ...
World’s largest hedge fund to replace managers with artificial intelligence image
Source : Guardian [Read Article] Thursday 22nd of December 2016 09:44:36 PM
....The world’s largest hedge fund is building a piece of software to automate the day-to-day management of the firm, including hiring, firing and other strategic decision-making. Bridgewater Associates has a team of software engineers working on the project at the request of billionaire founder Ray Dalio, who wants to ensure the company can run according to his vision even when he’s not there, the Wall Street Journal reported. ...
Weight Watchers gains 20% as Oprah loses 18kg image
Source : Guardian [Read Article] Thursday 22nd of December 2016 04:59:43 PM
. Wall Street has rediscovered its appetite for Weight Watchers shares after the company’s most famous customer and investor, Oprah Winfrey, revealed the results of her new diet. ...
Italy's political class should be very alarmed if MPS needs state bailout image
Source : Guardian [Read Article] Wednesday 21st of December 2016 07:38:35 PM
.... It ought to be possible for a bank founded in 1472 to shuffle off its bad loans, even at depressed prices, overcome its foolish acquisitions from the boom years and regain a profitable niche. The critical sum at stake in the recapitalisation plan – €5bn – was not off the scale and JP Morgan, the Wall Street powerhouse advising MPS, was on hand to round up a few so-called anchor investors. ...
FTSE 100 edges higher but Capita leads the fallers image
Source : Guardian [Read Article] Wednesday 21st of December 2016 09:37:58 AM
Singapore convicts banker in 1MDB case image
Source : BBC [Read Article] Wednesday 21st of December 2016 09:25:02 AM
....The US alleges money was used to buy hotels and luxury properties, a private jet, yacht trips, fine art and gambling trips, including one with actor Leonardo DiCaprio. Funds were also allegedly used to help finance Hollywood film The Wolf of Wall Street. ...
Dow Jones hits yet another record high image
Source : BBC [Read Article] Wednesday 21st of December 2016 01:20:03 AM
....The Dow has risen almost 1,000 points in less than a month. Some investors think Wall Street will not rise much further in 2017. ...
US could wait until next summer to raise interest rates, say economists image
Source : Guardian [Read Article] Sunday 18th of December 2016 05:58:02 PM
. The Federal Reserve could wait until at least next summer before raising interest rates again, according to Wall Street economists surveyed by the Financial Times. ...

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