Taimur Baig, Chief Economist, Asia, Deutsche Bank, explains his bullish call and says markets are underestimating the bounce China will see from exports and de-regulation.» Read More
Friday's late day reversal seems to have calmed overseas markets; European indices are plus or minus one percent for the most part, though Greek bonds are again weak. There are 3 percent to 4 percent declines in European banks. These banks have recently been dragged down by concerns of exposure to worrisome bonds issued by Greece, Spain, and Portugal.
President Barack Obama's plans to regulate and limit the size of banks is the "right direction," said Vikram Pandit, CEO of Citi, since the company has been weeding out companies that didn't fit into the company already.
President Barack Obama's plans to regulate the banking needs to be coordinated on a global level, said Josef Ackermann, CEO of Deutsche Bank.
Earlier today, the folks at Deutsche Bank removed Apple from its short-term "buy" list, and coming just a day before the company reports its first fiscal quarter, you'd think the firm was making an earnings call, that somehow Apple might miss, or that its valuation might suggest a peak, that investors ought to get out because it's no longer worthy of the list. Not so.
Corporate donations to the relief effort in Haiti now total more than $106 million according to the U.S. Chamber of Commerce, surpassing the $100 million in aid initially pledged by the U.S. government.
One week after the earthquake in Haiti, donations to the relief effort have surged past $210 million, according to the latest tally by the Chronicle of Philanthropy. That puts the pace of giving well ahead of the effort following the 2004 Asian Tsunami, but behind the $457 million raised in the week following Hurricane Katrina.
When General Electric was forced to call in Warren Buffett to help it raise money on in the international capital markets on Oct. 1, 2008 the entire corporate landscape changed.
Bolstered by low rates and strong demand, companies and others have been rushing to issue a near record level of new debt since the start of the year and the trend should continue for now.
The percentage of job seekers starting a business has doubled in this recession. Here are some laid-off professionals turned happy, successful entrepreneurs who give new meaning to economic recovery.
The list includes the familiar as well as those under the radar, but which ones have the most pull? Click for the top 10!
How ironic is it that President Obama is meeting top banks today to get their support for a bill that would undermine their business. And undermine what the President truly wants them to do: lend more to small and medium sized firms.
On May 8th Dendreon announced an offering of nearly 11 million more shares. Seven months later, on December 8th, DNDN announced another offering, this time for 15 million shares.
Following are the day’s biggest winners and losers. Find out why shares of Green Mountain Coffee and Motorola popped while Gamestop and Deutsche Bank dropped.
The S&P closed lower on Tuesday as negative developments in global credit markets rekindled interest in the dollar, which in turn took down the commodities trade.
Uh-oh, looks like big sales are coming. November Retail comp store sales are disappointing. RetailMetrics started off the month estimating gains of 2.6 percent for November compared to the same period last year, but by the end of the month it was down to 2.2 percent, and the final numbers may be even worse. It looks like about 75 percent are missing expectations; normally 60 percent beat expectations. Ugh!
In another sign that the government's emergency financial programs are being reeled in, the Treasury Department said Thursday it will auction off warrants for three banks that it acquired as part of last fall's bailouts.
The Fast Money crew likes Wal-Mart, even more so after a recent breakout from a triangle formation — a very bullish indicator for the retailer.
President Barack Obama has described how his Administration intends to overhaul U.S. financial regulations. The hallmarks of these reforms, he said, would be transparency and accountability. A more difficult challenge will be to persuade the Federal Reserve System to release similar information on the $2 trillion of emergency loans it made as part of its economic recovery program.
So what are the most competitive global financial centers? Check out the Global Financial Centres Index and find out!
The global banking industry is a diverse landscape of financial services — consumer, corporate, investment — but with so many players in the marketplace, which are the best in each segment?