Daily news
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Mini Flash Crashes Caused by Sloppiness, Not A Broken Market: SEC
By Reuters
06/18/2013 4:05:36 PM ET
NEW YORK (Reuters)—Unexplained rapid price drops in single stocks have generally been triggered by human error, not nefarious trading activity or high-speed trading algorithms gone wild, an official at the U.S.
Hedge Fund Managers Don Hairshirts and 'Impact Investing' at Monaco Meet
By Reuters
06/18/2013 2:20:46 PM ET
MONACO (Reuters)—Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
After an extended run of poor returns, executives at a slimmed-down annual industry conference in Monaco on Tuesday [June 18] were as likely to be found talking about charitable giving as top trading ideas.
Hedge Fund Managers Don Hairshirts and 'Impact Investing' at Monaco Meet
By Reuters
06/18/2013 2:20:46 PM ET
MONACO (Reuters)—Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
After an extended run of poor returns, executives at a slimmed-down annual industry conference in Monaco on Tuesday [June 18] were as likely to be found talking about charitable giving as top trading ideas.
Anchorage Holding La Seda de Barcelona Files For Insolvency
By Reuters
06/17/2013 10:37:00 AM ET
MADRID, Spain (Reuters)—Spain's La Seda de Barcelona, LSB, which makes plastic bottles in Europe, Turkey and North Africa, said on Monday [June 17] it would begin insolvency proceedings after failing to reach a deal with creditors.
A record 2,500 Spanish companies, squeezed by a deep recession, filed for insolvency in the first three months of this year, hurting lenders as they take ever bigger provisions against losses on loans, eating into profits.
Hedge Fund Managers Don Hairshirts and 'Impact Investing' at Monaco Meet
By Reuters
06/18/2013 2:20:46 PM ET
MONACO (Reuters)—Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
After an extended run of poor returns, executives at a slimmed-down annual industry conference in Monaco on Tuesday [June 18] were as likely to be found talking about charitable giving as top trading ideas.
Third Point Ups Sony Stake, Calls for Independent Entertainment Board
By Reuters
06/18/2013 11:51:36 AM ET
TOKYO (Reuters)—New York-based hedge fund Third Point said it has raised its stake in Sony Corp. and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, Kazuo Hirai, as its chairman.
Hedge Fund Managers Don Hairshirts and 'Impact Investing' at Monaco Meet
By Reuters
06/18/2013 2:20:46 PM ET
MONACO (Reuters)—Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
After an extended run of poor returns, executives at a slimmed-down annual industry conference in Monaco on Tuesday [June 18] were as likely to be found talking about charitable giving as top trading ideas.
U.A.E. Revives Bourse Merger Proposal
By Reuters
06/17/2013 9:59:48 AM ET
ABU DHABI/DUBAI, United Arab Emirates (Reuters)—The United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said.
Talks on a potential merger between the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) have occurred on and off since at least 2010.
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