Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.» Read More
The revelation that there may have been a “third man” at McKinsey with connections to the alleged insider trading schemes of Galleon founder Raj Rajaratnam casts a shadow across the reputation of the famous consulting firm. How deep does the corruption run?
The fabric of our lives may start to feel like burlap.
Your favorite brands and styles could start feeling…. irregular.
A few readers have asked why a business web site should run a daily feature on the potential for war with Libya.
The answer is simple: war dominates markets. It affects almost every public company, every investment portfolio, and every decision to go long, short, or sit on the sidelines.
In short, we can't ignore the economic and financial effects of a potential war because they won’t ignore us.
The unrest in the Middle East is coming in waves. The tidal wave it has created at the pump is taking a big bite out of consumers wallets. We hear about our nation's untapped oil reserves but with the "no new wells" policy there is no hope it can be explored.
In Alaska, the Governor, Sean Parnell is in his own battle with the legislature. But not for budget cuts. He's proposing tax incentives for oil companies to entice them to hang a shingle up in his state.
Credit Suisse recently issued $2 billion in 'cocos'—which is a trendy sounding abbreviation for Contingent Convertible Bonds—a new hybrid security, created to correct the deficiencies of a previous generation of new hybrid securities.
I must confess: Cocos sound like a brilliant idea, on paper at least.
Europe's largest banks are preparing for Basel III by doing what banks love to do the most: Issuing new securities.
A recent article in the Financial Times discusses the latest round of securities innovation, ostensibly designed to allow banks to comply with the new capital requirements set forth in the Basel III standards.
A perfect storm may be blowing towards the global oil markets—with disastrous economic and political consequences to follow in the wake.
Ambrose Evans-Pritchard, the International Business Editor of the British newspaper the Telegraph, has written a disturbing analysis of the challenges that lurk just below the surface of the oil producing nations of the Middle East and North Africa.