Discussing the impact of geopolitics on the defense sector, with Cai Von Rumohr, Cowen and Company.» Read More
Julian Assange has signed book deals worth more than £1 million ($1.5 million) in the US and UK, to allow the WikiLeaks founder to cover his legal fees and maintain the whistleblowing site, reports the Financial Times.
World stocks clung near two-year peaks while oil rose towards the $92 per barrel mark on Friday after yet another burst of strong economic figures from the United States encouraged some year-end buying.
Math-loving traders are using powerful computers to speed-read news reports, editorials, company Web sites, blog posts and even Twitter messages — and then letting the machines decide what it all means for the markets.
The Financial Times has named Apple CEO Steve Jobs as person of the year. When he first hit the headlines, he was younger even than Mark Zuckerberg is now. His formative role in popularizing the personal computer, and Apple’s initial public offering on Wall Street – which came when Mr Jobs was still only 25 – made him the tech industry’s first rock star, the paper said.
A crisis in the municipal bond market in the US would be similar to the one sweeping through the euro zone now, Steven Major, global head of fixed income research at HSBC, told CNBC Wednesday.
European shares were expected to open little changed Wednesday, with investors avoiding strong bets at the tail end of the year.
Fresh details have emerged of secret talks between bank auditors and the government during the financial crisis, as regulators prepare changes to the auditor’s role to lessen the risk of similar chaos. The FT reports.
European stocks were seen rising Tuesday, mirroring gains in Asia and extending their Christmas rally.
The changes in the trend of the U.S. dollar are helping to push commodity prices higher. The impact of this is also seen on the NYMEX oil chart, where prices have broken significantly above the historical resistance of $88 in recent weeks. Tensions in the Korean peninula are expected to add to the upward momentum.
Why has Britain managed to boldly go into fiscal territory which the US has hitherto ducked? That is the $800 billion question hanging in the air in New York this weekend, after George Osborne, chancellor, visited the city. The FT reports.
More than one in ten bankers and traders in the UK and Europe could receive no bonus this year, as banks slash their year-end pay-outs following weaker revenues. The FT reports.
European shares were set to dip on Monday, with investors' nerves rattled by possible escalating tensions in North Korea.
As pressures mount in the euro zone, rating agencies are in an impossible bind, the FT reports. This year many investors have complained that the agencies have been slow to recognize the scale of problems, downgrading periphery debt too late – but when the agencies have actually acted – most notably with Spain this week – they have been accused by politicians of fermenting a new market crisis.
European shares are expected to open flat Friday, though concerns about the euro zone debt crisis linger and could weigh on markets.
European shares were set to open flat to slightly lower Thursday, continuing to pause from strong gains earlier in the week.
Wells Fargo has broken with other big banks by urging US regulators to require mortgage lenders to retain more of the loans they originate, rather than selling them to investors, a practice that helped to fuel the housing bubble, reports the Financial Times.
European stocks were indicated to open lower after Moody's put Spain's credit rating on review for a possible downgrade, on worries over the country's debt and funding needs for next year.
Hong Kong remains the primary entre-port into China and north Asia investments. And for this reason, its market quickly feels the effect of decisions made in Beijing, and the tensions in North Korea.
US securities regulators have broadened their investigation into the alleged $8 billion Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products, reports the Financial Times.