Nationalists in Kyrgyzstan are threatening to return to the streets to topple another government unless it expropriates the Kumtor goldmine, a treasure they say was sold off too cheaply to foreigners.
Since the formation of the NYSE in 1792, players in various financial and commodities markets have made vast sums of money. Check out our list of the greatest trades of all time.
Paulson & Co, the hedge fund that made billions from betting on a collapse in mortgage-backed securities during the financial crisis, has made more than $550m from a recovery in the value of bonds it bought in failed investment bank Lehman Brothers. The FT reports.
Hedge fund managers are preparing to enter the second half of the year with plenty to be bearish about – and not much, it seems, to make money from. The FT reports.
CNBC's Herb Greenberg reports John Paulson sold his entire stake in the Chinese company due to uncertainty over its public disclosures and financial statements.
The “Norma” deal that the SEC is investigating was one of several complex transactions that became known under one name, “The Magnetar Trade.” To many in finance, it is still considered one of the most elegant trades in recent memory.
The strongest case for investing in municipal bonds turns on claims of expertise. Unfortunately, there’s little reason to be confident in these claims of expertise and strong reasons to be skeptical.