Diversified Financials Capital Markets

More

  • This is the key risk posed by Jokowi's reforms Thursday, 22 Oct 2015 | 9:46 PM ET
    This is the key risk posed by Jokowi's reforms

    Sian Fenner, senior economist at Oxford Economics, says while Joko Widodo's reforms are positive, a key risk is failure in their execution and implementation.

  • Valeant slump poses big threat to small hedge funds Thursday, 22 Oct 2015 | 7:46 PM ET

    BOSTON/ NEW YORK, Oct 22- Valeant Pharmaceuticals' market slide has hurt the returns of several large U.S. hedge funds, but for smaller players with outsized bets on the drug company the fallout could be far more painful, according to industry watchers. They include Tiger Ratan Capital Management, Marble Arch Investments, and Brave Warrior Advisors, according to...

  • SAO PAULO, Oct 22- Grupo BTG Pactual SA, Latin America's largest independent investment bank, tapped Guillermo Ortiz to be chairman of its unit in Mexico, the region's No. 2 economy. He joins Javier Artigas, BTG Pactual's chief executive in the country, as the bank expands into asset management and increases advisory and broker-dealer activity in Mexico.

  • TORONTO, Oct 22- A Canadian securities regulator said on Thursday that recent allegations against Valeant Pharmaceuticals International's use of specialty pharmacies to inflate revenue are "worrying," adding to growing investor concerns over the company's prospects. The declines have chopped $16 billion from the company's market capitalization in the...

  • U.S. regulators set to approve final swaps margin rules Thursday, 22 Oct 2015 | 10:00 AM ET

    WASHINGTON, Oct 22- U.S. banking regulators plan to adopt long-awaited rules on Thursday requiring big U.S. banks to post more collateral when they trade in riskier derivatives. The final rules from the Federal Reserve, Federal Deposit Insurance Corp and other agencies would require banks, asset managers, hedge funds and others to put up roughly 30 percent more...

  • Oct 22- Lazard Ltd, a financial advisory and asset management firm, reported a better-than-expected profit and record quarterly operating revenue after advising on several billion-dollar deals. Low U.S. interest rates have helped to push merger activity to levels last seen before the financial crisis in 2008, driving a 19 percent jump in Lazard's quarterly...

  • Oct 22- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit, helped by a rise in advisory fees related to mergers and acquisitions. Lazard advised on high-profile deals such as Heinz's combination with Kraft Foods to form Kraft Heinz Co and AT&T Inc's $67.1 billion acquisition of DirecTV. Net income attributable to...

  • HONG KONG/ ZURICH Oct 22- Credit Suisse's plan to offset sliding investment banking business by becoming an advisor of choice to Asia's fabulously wealthy could leave new chief Tidjane Thiam arriving late at an overcrowded, overhyped party, investors fear. In an early test for the newly appointed Thiam, the move will bring Credit Suisse head-to-head against...

  • Asset manager Lazard's profit beats Wall Street view Thursday, 22 Oct 2015 | 7:02 AM ET

    Oct 22- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit, helped by a rise in M&A advisory fees. M&A and other advisory fees rose 19.4 percent to $288 million in the third quarter ended Sept. 30. The company's adjusted net profit rose 40 percent to $124 million, or 93 cents per share, from a year earlier.

  • Is this the world's most cautious pension fund? Wednesday, 21 Oct 2015 | 11:46 PM ET

    Last year South Korea's National Pension Service (NPS) was in the market to buy blue-chip stocks but ultimately passed in fear of criticism.

  • BOSTON, Oct 21- A precipitous plunge in the stock price of Valeant Pharmaceuticals International Inc cost some of Wall Street's top names billions of dollars on Wednesday but hedge fund manager William Ackman took the meltdown as a buying opportunity. Pershing Square Holdings confirmed late on Wednesday that the company acquired in excess of two million...

  • Delaware judge rules against hedge funds in BMC buyout Wednesday, 21 Oct 2015 | 6:51 PM ET

    WILMINGTON, Del, Oct 21- A Delaware judge on Wednesday rejected hedge fund Merion Capital's attempt to wring an extra $150 million from the 2013 sale of BMC Software Inc by going to court and arguing that a fair deal price should have been much higher. The case stemmed from the sale of BMC to a consortium including Bain Capital and Golden Gate Capital for $46.25 per...

  • Oct 21- Donald Trump's possibly market-lagging stewardship of the fortune he inherited illustrates in a bizarre way the attractions of active wealth management. Property mogul, celebrity and presidential candidate, Trump by some accounts, not his own, appears to have failed to keep pace with market gains since he inherited $40 million in 1974..

  • ZURICH, Oct 21- Credit Suisse plans to raise 6 billion Swiss francs from investors, slim down its investment bank and cut jobs as new chief Tidjane Thiam embarks on the biggest overhaul of the Swiss bank in almost a decade. Credit Suisse is emphasizing wealth management and growing in Asia, echoing moves by rival UBS. Thiam, 53, hired from insurer Prudential, also...

  • *Credit Suisse gives strategy update under new CEO. ZURICH, Oct 21- Credit Suisse has set out plans to raise 6 billion Swiss francs from investors, slim down its investment bank and cut jobs as new chief Tidjane Thiam detailed the biggest overhaul in almost a decade at the Swiss bank. Credit Suisse is emphasizing wealth management and growing in Asia, echoing moves...

  • *Credit Suisse gives strategy update under new CEO. ZURICH, Oct 21- Credit Suisse has set out plans to raise 6 billion Swiss francs in fresh capital, as new chief executive Tidjane Thiam boosts the Swiss bank's financial strength to underpin its biggest overhaul in almost a decade. Credit Suisse is emphasizing wealth management and growing in Asia, while...

  • Technician sees upside in Yum stocks Tuesday, 20 Oct 2015 | 11:43 PM ET
    Technician sees upside in Yum stocks

    Yum Brands stocks will see a bounce "irrespective of any fundamental news," says Daryl Guppy, CEO of Guppytraders.com,

  • Asean market selloff was exaggerated: Investor Tuesday, 20 Oct 2015 | 10:36 PM ET
    Asean market selloff was exaggerated: Investor

    Jalil Rasheed, investment director at Invesco, explains why a Fed rate hike would have minimal impact on Southeast Asian markets.

  • What is the road ahead for US markets? Tuesday, 20 Oct 2015 | 10:23 PM ET
    What is the road ahead for US markets?

    Investors are awaiting Fed's decision while grappling with bad news from U.S. heavyweights like Wal-Mart and IBM, says Keith Fitz-Gerald, chief investment strategist at MoneyMorning.com.

  • Why does the PBOC go back and forth? Tuesday, 20 Oct 2015 | 9:16 PM ET
    Why does the PBOC go back and forth?

    The People's Bank of China aims its policy measures at stabilization but pulls back the moment there is volatility, explains Lorraine Tan, director of equity research in Asia at Morningstar.