Goldman Sachs must face $120 million suit over mortgage securities: court
(Reuters) – New York’s top state court on Thursday revived a bond insurer’s $120 million lawsuit claiming Goldman Sachs Group Inc lied about a pool of securities backed by subprime mortgages during the period leading up the financial crisis.
Prepare for ‘triple taper tantrum’ in 2016, says Morgan Stanley
LONDON (Reuters) – Investors spooked by the “taper tantrum” of 2013, when global markets took fright at the U.S. Federal Reserve’s first hint that it might taper its monetary expansion policy, take note: 2016 could be the year of the “triple taper tant…
Blackstone raises $17 billion for global buyout fund: sources
(Reuters) – Blackstone Group LP has secured $17 billion from investors for its latest global private equity fund in just seven months, the biggest so-called first close of a buyout fund ever, according to people familiar with the matter.
Alibaba revenue tops bearish expectations, new CEO named
SHANGHAI/HONG KONG (Reuters) – Alibaba Group Holding Ltd on Thursday posted a 45 percent rise in quarterly revenue, and shares of the Chinese e-commerce company jumped nearly 7 percent as investors cheered a smoother-than-expected transition to mobile …
Wary of bond ‘cliff,’ Fed plans cautious cuts to portfolio
NEW YORK/SAN FRANCISCO (Reuters) – The Federal Reserve is sketching out plans to prevent an abrupt contraction in its massive balance sheet next year, when as much as $500 billion in bonds expire and risk disrupting markets and the U.S. economic recove…
Airbus surges past Boeing in orders, lags in deliveries
PARIS/DUBAI (Reuters) – Airbus has moved ahead of U.S. rival Boeing in their race for aircraft orders thanks to a large Latin American win, setting the tone for what could be a fiercely competitive Paris Airshow next month.
Citi, JPMorgan target market-share gains in equities
LONDON (Reuters) – U.S. banks Citigroup and JPMorgan Chase expect to gain market share in equities this year, executives told Reuters, pointing to technology investment and new hires as financial-market trading picks up.
Jobless claims hover near 15-year low, boost growth outlook
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits held near a 15-year low last week in a sign that the labor market was strengthening despite moderate economic growth.
Continental raises outlook as car markets recover
BERLIN (Reuters) – Germany’s Continental has raised its profit and sales guidance as auto demand in core European markets keeps growing while raw material prices and the weak euro provide momentum.
MasterCard doubles card numbers in Middle East, Africa
(This story has been refiled to correct figure to 2.2 billion from 1.4 billion in second paragraph)
