Spain's FCC said talks with Soros Fund had finished without closing a deal on any investment.» Read More
Investment firms including George Soros's Quantum Partners, Knighthead Master Fund and Hayman Capital, have filed a lawsuit in the UK asking the court to declare that the interest payments are subject to English law and that any attempt by a foreign court to modify contracts governing them would be ineffective. Although defendant Bank of New York Mellon Corp...
LONDON, Nov 3- Cristina Fernandez, president of Argentina, is the sort of populist political leader financial markets love to hate. Oil output has been falling, from a peak of more than 900,000 barrels per day in 1998 to a little over 700,000 bpd in 2013, and Argentina became a net petroleum importer in 2012.. The U.S. Energy Information Administration estimates...
Voters in D.C. and in two states will decide on measures to legalize marijuana.
BOSTON, Oct 22- One of Fidelity Investments' top stock pickers cooled on Herbalife Ltd in the third quarter, cutting his stake in the company after a profit miss and fresh allegations from billionaire investor William Ackman that it is a fraud. Steve Wymer, who runs the $41 billion Fidelity Growth Company Fund disclosed reducing his stake in Herbalife in a...
New York, Oct 17- Suvretta Capital Management, founded by a former portfolio manager for billionaire investors George Soros and Steven A. Cohen, is generating net returns of 6 percent year-to-date, despite this week's stock market drop and wild gyrations, according to two sources familiar with the situation. The majority of flows into equity strategies over the...
BRASILIA, Oct 15- Aecio Neves would scrap a "failed" economic model and restore the pillars of Brazil's economy to overcome slow growth and high inflation if he wins the presidency this month, the candidate's pick for finance minister told Reuters on Wednesday. Neves, a centrist who has promised to rescue Brazil from recession, is running neck-and-neck with...
Wall Street is spending more on the midterms than ever before—particularly in support of the GOP—but it's not from whom you might think.
Arminio Fraga, the man who could become finance minister of Brazil, knows what he wants to do to help that country's economy.
NEW YORK, Sept 24- The rapid economic transformation of Myanmar, less than two years after transitioning from military control and opening itself to the world, is not without its rough patches, the nation's top economic minister said on Wednesday.
He bashed rival funds such as Elliott Management, which has invested in Argentine bonds and held out for full payment, calling their behavior immoral.
BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez met on Monday with Argentina bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest default.
BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez on Monday will meet bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest debt default, a government minister said.
SYDNEY, Sept 9- LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, said it has raised $400 million for socially responsible investments in Asia and Africa- the largest ever for a fund specializing in low-income emerging market financial services.
BNY Mellon, a financial intermediary between the Argentine government and its bond investors, in June held onto a $539 million interest payment owed to bondholders on the orders of a U.S. court. The Argentine government argued it had met its debt obligations and urged holders of exchange debt to pursue BNY Mellon for payment.
Billionaire George Soros makes a big bet against U.S. markets. CNBC's Kate Kelly provides perspective.
The move sparked concerns that Soros Fund Management is expecting a big fall in equities.
Hedge fund Paulson & Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter.
WASHINGTON, Aug 4- China should publicly disclose what it pays African governments for extracting oil, gas and minerals as a way to level the playing field for companies worldwide and help countries get a fair deal for their natural resource wealth, billionaire investor George Soros said on Monday.
July 28- Herbalife Ltd, a maker of weight-loss and nutritional products, cut its sales outlook for the year after raising it three months earlier, sending its shares down 10.5 percent in extended trading.
Herbalife shares rose more than 17 percent to $63.29 in heavy volumes, more than recovering the losses made Monday after Ackman told CNBC he would expose Herbalife as an "incredible fraud" and deal the company a "death blow."