Tag Archives: Investment

23Oct/17

Big money stays away from booming bitcoin

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. But as Kate King reports, mainstream institutional investors are steering clear, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. Continue reading

28Sep/17

Roku shares surge on debut

Shares of the streaming box maker rose about 30 percent minutes after they debuted on the Nasdaq Stock Market Thursday. Fred Katayama reports. Continue reading

27Jul/15

China stocks plunge, suffer biggest one-day loss since Feb 2007

China stocks plunge more than 8 percent, their biggest one-day drop in more than eight years, as a government-triggered rebound peters out amid profit-taking, concerns over economic health and fears of an end to Beijing’s inclination toward looser monetary policies.

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06Jul/15

All quiet on the Chicago Mercantile Exchange (CME)

(Reuters Business Report) – They traded everything, from corn and soybeans to crude oil futures, shouting orders and making trades. But for Chicago futures traders, as of Tuesday morning, the floor of the CME will be quiet. Open outcry ended at the closing bell on Monday, capping a 167 year run in the city where it was born.
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07Jun/15

Deutsche Bank makes John Cryan CEO

John Cryan, former UBS Chief Financial Officer and on Deutsche Bank’s supervisory board, has been appointed the latter’s new Chief Executive Officer, as the bank tries to clean up its image.
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26May/15

Alleged Libor ringleader goes on trial in London

Former trader Tom Hayes, on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, prosecutors tell a London court.

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01Apr/15

Jury clears top Silicon Valley firm of gender bias

(BVO) – Silicon Valley powerhouse venture capital firm Kleiner, Perkins, Caufield and Byers was cleared on Friday of claims it short-circuited the career of a former partner because she is a woman, in a gender discrimination trial that shook the tech world.
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23Feb/15

How many times can HSBC say sorry?

(BVO) – Can it get any worse for HSBC? On this evidence probably not.

Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.
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