Hedge Funds George Soros

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  • *UK current account deficit is its Achilles heel. Significantly, it had little direct impact on the price of UK stocks and bonds. And talk of a' sterling crisis' to match other post-World War Two currency crunches, where Britain's foreign cash reserves were periodically drained in support of fixed currency pegs, looks wide of the mark given that the value of the...

  • *China fin min says yuan devaluation not on G20 agenda- media. *China vice finmin calls for greater market communication. Zhu Guangyao, vice finance minister, said that China would seek to keep the exchange rate stable while maintaining its current "managed float" regime.

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- China's leaders voiced support for the embattled domestic currency on Thursday, with the country's vice finance minister saying policymakers are committed to market transparency and aware of the impact their decisions have on other economies. Zhu Guangyao, vice finance minister...

  • NEW YORK, Feb 16- Soros Fund Management, the team investing billionaire George Soros' fortune, is betting big on consumer finance by taking a large position in Synchrony Financial, according to a U.S. securities filing on Tuesday. Soros now owns more than 7.1 million shares, its second-largest public stock position after Luxembourg- based agricultural company...

  • SAO PAULO/ NEW YORK, Feb 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank president Arminio Fraga, is doubling down on contrarian bets on Mexico's currency and against Brazil's, a sign that disparities between Latin America's two biggest economies will grow faster. Gávea also kept bets against the currencies of Thailand, South...

  • LONDON, Jan 29- If there were any suggestion that the fears that have gripped stock markets since the start of 2016 were the isolated stuff of paranoid financial investors, that evaporated with Friday's shocking meeting of the Bank of Japan. Instead, first the ECB's Mario Draghi and now the BoJ's Haruhiko Kuroda, stunning economists by cutting interest rates...

  • *China's main indexes have lost $2 trillion in 2016. *People's Daily says market ructions do not reflect economy. SHANGHAI, Jan 28- China's volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan, while state media insisted that the market ructions did not reflect the real economy.

  • *China's main indexes have lost $1.8 trillion in 2016. *People's Daily says market ructions do not reflect economy. SHANGHAI, Jan 28- China's volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan, while state media insisted that the market ructions did not reflect the real economy.

  • SHANGHAI, Jan 27- China's yuan edged up against the dollar on Wednesday after the central bank set a firmer midpoint and state media warned billionaire investor George Soros against betting on falls in the Chinese currency and Hong Kong dollar. The People's Bank of China set the midpoint rate at 6.5533 per dollar prior to market open, 0.02 percent firmer than the...

  • LONDON, Jan 26- A handful of mainly U.S.-based macro hedge funds have led bets against China's yuan since late last year and the coming weeks should tell how right they are in predicting a devaluation of between 20 and 50 percent. The firm reckons rush by domestic savers and businesses to withdraw money from China will prove too strong for authorities to resist...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen dropped 6 percent to 2940.51, also its lowest since the beginning of December 2014. After a rebound on Friday and early Monday, crude prices fell back below $30 a barrel, not far from last week's 12- year lows, ending a couple of days of gains for Wall Street stocks. China's fickle stock markets...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen dropped 6 percent to 2940.51, also its lowest since the beginning of December 2014. After a rebound on Friday and early Monday, crude prices fell back below $30 a barrel, not far from last week's 12- year lows, ending a couple of days of gains for Wall Street stocks. China's fickle stock markets...

  • BEIJING, Jan 26- China's state media has warned billionaire investor George Soros against betting on falls in the value of the Chinese yuan and Hong Kong dollar, amid widespread worries over the health of world's second-largest economy. China's fourth-quarter economic growth slowed to the weakest since the global financial crisis, increasing pressure on a...

  • George Soros expects hard landing for Chinese economy

    The billionaire investor says the slowdown in China is inflicting its problems on the rest of the world.

  • SHANGHAI, Jan 22- China's yuan barely moved against the dollar on Friday and was set to end this week flattish, with dealers slightly reducing bearish positions against the yuan and the central bank keeping daily guidance rates in a tight range. The People's Bank of China set the midpoint rate at 6.5572 per dollar prior to market open, only 0.02 percent firmer than...

  • Jan 21- Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of more stimulus for Europe. Helping global and U.S. stocks, the European Central Bank kept its main rates on hold and Draghi said the central bank would "review and possibly reconsider" its monetary policy as soon as...

  • DAVOS, Switzerland, Jan 21- Fear of a severe weakening of the European Union is the hot topic in the corridors and executive suites of Davos this year with business leaders and politicians at the World Economic Forum alarmed at closing borders and the risk of a British exit. Now it is the European Union itself that is seen at risk, buffeted by a sea of crises over...

  • The money has been sitting in a New York bank account since Nortel Networks global businesses were sold piecemeal after the Ontario- based company filed for bankruptcy exactly seven years ago. The talks on Thursday in New York include representatives from former Nortel operations in the United States, Canada and Europe, according to two sources who declined...

  • LONDON, Jan 14- The global gloom over China's yuan has deepened swiftly, with investment banks slashing forecasts and some analysts and money managers arguing it should fall by 15 percent or more to respond to Beijing's financial imbalances. "Maybe China goes to where the dollar- Hong Kong is. "Dollar- China had always been a very low volatility currency pair that...

  • Soros charity targeted in Russia book-burning

    A college burned 53 books linked to a charity founded by hedge fund mogul George Soros.