Search Results for: oil prices
UBS Wins Case Over Firing of Drug Analyst in Front-Running Probe
July 24th, 2014
A London judge said UBS AG (UBSN) had the right to fire a senior analyst who discussed rumors about a Sanofi drug with a friend at a hedge fund who may have bet against the company before publishing a ...
Here’s Yet Another Problem in Platinum Supply
July 22nd, 2014
It’s no secret the platinum mining industry has been suffering of late. With mineworker strikes in South Africa having caused significant losses of production. And now there’s another problem. In the world’s third-largest platinum producing nation: Zimbabwe. The news ...
Egypt Cuts Tax Breaks for Fuel; Few Protest
July 18th, 2014
When President Anwar el-Sadat of Egypt said he intended to raise the price of flour, rice and other subsidized goods in 1977, he ignited days of riots that left more than 70 people dead and stood as a lasting ...
Asian shares fall as Malaysia jet downing hits sentiment
July 18th, 2014
Asian shares sagged and a drop in Treasury yields pressured the dollar on Friday after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors scurrying into defensive assets. The United States believes a surface-to-air missile ...
Europe Stocks Slide With Russia’s Ruble as Gold Advances
July 17th, 2014
European stocks dropped while gold and the yen rallied as new sanctions sent Russia’s ruble and bonds plunging amid efforts to curb violence in Ukraine. Chinese shares fell as new offerings locked up funds and a potential onshore-bond default ...
Hedge-Fund Boutiques Show Dubai Nurturing Oasis Trading: Cities
July 16th, 2014
When Ahmad Zuaiter started a frontier-markets hedge fund, the former Soros Fund Management LLC money manager chose Dubai over New York and London. Zuaiter’s Jadara Capital Partners LP and VY Capital Management Co. Ltd. opened in the emirate in ...
Bank Earnings Give Stocks a Boost
July 15th, 2014
A better-than-expected earnings report from Citigroup C +3.02% helped kick-start a rally in stocks, lifting market indexes nearly back to levels seen before last week’s swoon. Many investors remain optimistic about the outlook for stocks broadly, amid improving U.S. ...
Citigroup Said Poised to End Mortgage Probe With $7 Billion Deal
July 14th, 2014
Citigroup Inc. (C) and U.S. authorities will announce a $7 billion agreement as soon as today to end probes of the bank’s sales of mortgage-backed bonds, according to a person with direct knowledge of the matter. The deal, signed ...
Gold Falls as Portuguese Bank Seeks to Calm Debt Concerns
July 14th, 2014
Gold declined for the first time in three days as concerns eased that banking woes in Portugal will spur a wider debt crisis in Europe, crimping demand for the precious metal as an alternative investment. Banco Espirito Santo SA ...
Traders Flood U.S. With $3.4 Trillion of Bond-Auction Demand
July 14th, 2014
The intensifying debate over when the Federal Reserve raises interest rates is little more than a sideshow when it comes to the ability of the U.S. to borrow. For all the concern fixed-income assets will tumble once the central ...
