Search Results for: sec
Passport Shifts Bets Against Stocks as Trading Volumes Decline
August 20th, 2014
For John Burbank’s Passport Capital LLC, shorting individual stocks has just become too hard. The $3.9 billion hedge-fund firm, which rose 220% in 2007 by wagering on a bust in subprime mortgages, reached the conclusion after losing money in ...
How Money is Made
August 20th, 2014
Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused World Bank and International Monetary Fund. These economies will benefit ...
Asian Stocks Fall as BHP Billiton Drags Index Lower
August 20th, 2014
Asian stocks fell after valuations reached the highest level this year and as BHP Billiton Ltd. (BHP) slumped, dragging materials shares to the largest decline on the regional gauge. BHP, the world’s largest miner, tumbled 3.9 percent in Sydney ...
U.K. Inflation Cools Supporting the BoE
August 20th, 2014
U.K. inflation cooled more than economists forecast in July, giving the Bank of England room to keep its key interest rate at a record low. The rate of consumer-price growth fell to 1.6% from 1.9% in June, the Office ...
U.K. Regulator ‘Comfortable’ With Fund Managers Earning Millions
August 20th, 2014
Fund managers are entitled to be paid millions of pounds if they’re delivering high returns for investors, the U.K. markets regulator said, the first sign it won’t seek to impose wage caps on the industry. Regulators around the world ...
George Soros bets $2B-plus on stock market collapse: industry insiders
August 20th, 2014
Billionaire businessman George Soros has upped his ante in what some industry insiders say in his long-running bet that the United States will suffer a massive stock market collapse in the coming months. The most recent 13-F filing Mr. ...
Aussie stocks close steady
August 20th, 2014
The Australian sharemarket has closed steady, with a number of upbeat earnings reports offering support despite a sell-off in BHP Billiton. At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index edged up 10.8 points, or 0.19 per ...
Germans selling 2-year govt. notes with 0% yield
August 20th, 2014
Germany is planning on issuing $6.7 billion in two-year government notes, known as Schatz, that will pay nothing in interest, according to the Wall Street Journal. While this is great news for German taxpayers — the government will pay ...
West TX Oil Drops Below $94 on Weak Demand
August 20th, 2014
Oil sank on Monday, with Brent near a 14-month low and U.S. oil sinking to its weakest since January, as weak demand and easing concerns over risks to supply offset fears about geopolitical risk. On Monday, oil shed nearly ...
Trading probes from regulator on Brazil’s Batista due in 2015
August 20th, 2014
The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said. “Perhaps the verdicts ...
