Sinopec is selling a $17.4 billion stake in its retail unit as the country reforms its sprawling state-owned enterprises. The Financial Times reports.» Read More
Frank Quattrone, a star Silicon Valley investment banker who advised hundreds of companies during the dot-com boom of the late 1990s, has been quietly counseling about 20 technology companies since March of last year, when he started Qatalyst Partners, a boutique merchant bank.
They say you can be small but mighty. Well, that’s exactly what the new ELX Futures exchange is hoping Wall Street is saying as they take on CME Group.
Huntsman said Tuesday two investment banks will pay it a $1.7 billion settlement over its accusation they schemed to scuttle a $6.5 billion buyout of the chemicals maker last year.
Deutsche Bank unveiled a 70-foot tall carbon counter in New York City that tracks the amount of greenhouse gases in the atmosphere.
Wall Street’s great investment houses have never faced a serious foreign challenge in their own backyard. But as tectonic shifts reverberate through the banking industry, their overseas rivals are edging into some of the most lucrative corners of American finance.
Plus, get calls on tech, chemicals and more.
European banks still have upside potential despite the recent rally, as the worst is over for the continent's financial institutions, analysts at financial services investment bank KBW, who upgraded the European banking sector to 'Overweight', said Monday.
Investment banks are putting out almost record earnings, and investors should buy into the sector soon, said Jon Peace, European banks analyst at Nomura.
General Motors filed for Chapter 11 bankruptcy protection in New York Monday. Here are following is the list of the largest trade creditors:
Are you smarter than a fifth grader? If you’re talking about the stock market, probably not.
After 5 days of declines last week for its worst week this year, the U.S. Dollar Index is rebounding modestly today. Concurrently, commodities are giving back 1 percent to 2 percent of last week’s solid gains, while commodity stocks are slightly weaker in pre-market trading.
Some people think "too big to fail" is too much to risk. Here's why they are wrong.
The S&P 500 and the NASDAQ are down 3 days in a row (the first time since the March 9th low); the S&P is now down 5 percent from its recent high one week ago.
No doubt General Growth Properties' bankruptcy filing will have far-reaching implications for commercial real estate. The bankruptcy, which is said to be the largest real-estate failure in U.S. history, will further pressure already stressed property values for U.S. malls and mall mortgages and spark further consolidation.
Investor sentiment is improving for the beaten-down financial sector and there are four “glorious” banking stocks that could provide good opportunities, Petra von Kerssenbrock, an analyst from Cummerbund, told CNBC.
Reversing its role as the world’s fastest-growing buyer of United States Treasuries and other foreign bonds, the Chinese government actually sold bonds heavily in January and February before resuming purchases in March, according to data released during the weekend by China’s central bank.
Back in the good old days — early 2007 — bankers from Merrill Lynch, Deutsche Bank and other financial giants placed their bets on a 48-year-old property tycoon who was supposed to be China’s next billionaire.
Stocks rallied for a second straight day on Thursday on increasing optimism that the economy's worst days are over.
Stocks ended a choppy session sharply lower Tuesday as investors regrouped after the prior session's blockbuster rally.
Amidst investor uncertainty about Treasury Secretary Timothy Geithner’s latest plans to rid banks of toxic assets, Dirk Becker of Kepler Capital Markets remains optimistic. He told CNBC that the plan may even make investment bank stocks a worthy investment.