Large Everest Capital hedge fund closing after Swiss franc losses: Bloomberg
WASHINGTON (Reuters) – Hedge fund manager Marko Dimitrijevic is closing his largest hedge fund, Everest Capital’s Global Fund, having lost almost all its money after the Swiss National Bank (SNB) scrapped its three-year-old cap on the franc against the…
Greek central bank asks ECB to allow emergency bank lending line if needed
ATHENS (Reuters) – Greece’s central bank has moved to protect its banks from any fallout from the coming general election, asking the European Central Bank to approve a stand-by domestic emergency funding line, a Bank of Greece official said on Saturda…
China central bank scholar sees GDP growth up to 7.3 percent in 2015: Xinhua
SHANGHAI (Reuters) – China’s economic growth may be as high as 7.3 percent this year, partly due to falling commodity prices, the official Xinhua news agency quoted an academic advisor to the central bank’s monetary policy committee as saying on Saturd…
Postbank head favors stock market sale: magazine
FRANKFURT (Reuters) – The chief executive of Deutsche Bank’s retail arm Postbank strongly advocates having Deutsche sell a large portion of Postbank’s shares on the stock market rather than to another bank, a German magazine reported on Saturday.
Google in talks to buy mobile-payments company Softcard: TechCrunch
(Reuters) – Google Inc is in talks to buy mobile-payments company Softcard, technology news website TechCrunch reported on Friday, citing people familiar with the matter.
Swiss franc shock shuts some FX brokers; regulators move in
LONDON (Reuters) – The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to them and forcing regulators to take a closer look at the sector.
For U.S. stocks, investors mull a correction
NEW YORK (Reuters) – Next week may show whether U.S. stocks are finally undergoing a long-awaited correction or if a recent run of losses are just a bump on the road to more gains.
Stocks rally on U.S. data, euro slides further
NEW YORK (Reuters) – Wall Street stocks rebounded on Friday on signs the U.S. economy was on track for solid growth with consumer sentiment hitting an 11-year high, while the euro slid further against the dollar a day after Switzerland ditched its curr…
Wall Street rallies after five down days; ends down for week
NEW YORK (Reuters) – U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth.
Thin crowds during CEO’s visit helped seal Target Canada’s demise
NEW YORK/TORONTO (Reuters) – Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal the decision for a ful…
