Hedge Funds George Soros

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  • 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.

  • China's yuan firms on stronger midpoint setting Tuesday, 26 Jan 2016 | 11:15 PM ET

    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...

  • Hedge funds betting against China eye "Soros moment" Tuesday, 26 Jan 2016 | 9:49 AM ET

    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...

  • Yuan barely budges as c.bank holds steady this week Thursday, 21 Jan 2016 | 11:12 PM ET

    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 elites fear weakened European Union Thursday, 21 Jan 2016 | 12:39 PM ET

    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...

  • Nortel Networks talks aim to end $7 bln legal fight Thursday, 14 Jan 2016 | 4:29 PM ET

    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...

  • *China's central bank fixes yuan firmer for third session. Ebbing confidence in China's policymaking has fuelled investors' retreat from the slowing economy, and expectations that the currency will fall further has widened the gap between the tightly managed onshore yuan and the Hong Kong- based offshore rate. The yuan has depreciated more than one percent...

  • SHANGHAI, Jan 12- China's offshore yuan was trading almost in line with its onshore counterpart on Tuesday, with the offshore yuan implied overnight deposit rate hitting a record high, indicating extremely tight liquidity outside the mainland. China's offshore yuan implied overnight deposit rate hit a record high of 94 percent in Hong Kong on Tuesday, with...

  • *China's central bank fixes yuan firm for third session. SHANGHAI, Jan 12- China set another firm fix for its currency on Tuesday and stepped up a verbal campaign, backed by what dealers said was aggressive buying, to convince skeptical investors that they were in control of events. China's equity markets, which tumbled 10 percent last week and a further 5 percent on...

  • Has the market really time warped back to 2008? Friday, 8 Jan 2016 | 12:16 PM ET
    A trader on the floor of the New York Stock Exchange.

    The market has done a lot of looking back on the financial crisis lately.

  • *China stocks slide again, yuan currency also drops. China allowed the biggest fall in its yuan currency in five months, adding to investor fears about the health of its economy, while Shanghai stocks were halted for the second time this week after another steep selloff. "People see the weakness in China and in the overall equity market and think there's going to be...

  • *China stocks slide again, yuan currency also drops. China allowed the biggest fall in the yuan currency in five months, adding to investor fears about the health of its economy, while Shanghai stocks were halted for the second time this week after another steep selloff. "People see the weakness in China and in the overall equity market and think there's going to be...