Biotech stock Therapeutics MD (TXMD) was up 32.5% on Tuesday, lifted by brokerage house FBR Capital initiating coverage with an incredible $34 price target. Based on TXMD’s Tuesday closing price of $5.47, the FBR price target would mean a 600% return...
American regulators imposed a substantial penalty upon France's largest bank BNP Paribas for doing business with Cuba, Iran and Sudan. The present case showed that crippling a European bank could harm the world’s financial system, as well as a region struggling for growth...
(Reuters) - The world's major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action...
Lamassu which has revolutionized the in-person acquisition of Bitcoin via a streamlined thirty-second process earlier introduced a modular two-Bitcoin ATM system; has now brought in Rakía, a brand-spanking-new open source back-end system for its ATMs...
A few moments ago, LinkedIn expanded its presence in China by launching a beta version of our new Simplified Chinese site branded “领英”, to offer a more localized service to our members in China. We also established a joint venture with Sequoia China and CBC to explore expanding our business here...
China Unicom has been granted a license by China’s Ministry of Industry and Information Technology to conduct a hybrid 4G network trial in 16 cities in the country...
Financial research firm Markit announced that it will develop a new exhaustive service for facilitating electronic trade confirmation and execution administration for the foreign exchange options market...
Approval for Foreign Direct Investment (FDI) in India will soon take a hit as the Bharatiya Janata Party (BJP) Government is working on plans to backburner the proposal as the result of an uproar from local traders...
The rise of the renminbi’s prominence to the global economy, along with China’s huge status as creditor nation, has made SAFE an increasingly important player in international forex and financial markets…...
GoPro shares are looking a lot like the action camera videos its fans often take — breathtaking. Shares jumped 20% to $48.80 Tuesday and are up 103% in just four trading sessions following Thursday's $24 initial public offering. How much more pop is there in GoPro...
Blackstone Group LP (BX), already the largest investor in hedge funds, is signing on a team of three traders for the first such fund that it will manage directly, according to two people with knowledge of the plans...
The fate of Argentina’s economy now rests on its ability to resolve a dispute with a group of bondholders led by a multibillion-dollar hedge fund...
JPMorgan Chase Chairman and CEO Jamie Dimon revealed he has been diagnosed with throat cancer in an internal memo to employees Tuesday evening...
The Securities Exchange Commission (SEC) released a draft of its 2014 Strategic Plan for public comment. The plan is technical, but the motivation is straightforward: increase investor confidence in our markets...
By the end of 2015, 70 percent of U.S. credit cards and 41 percent of U.S. debit cards will have security chips. While Europe, Canada and Mexico have had chipped cards for years (usually with a chip and a PIN), the U.S...
The US Supreme Court ruled that a computerised financial trading system cannot be patented because it is based on an 'abstract' idea...
It’s been a particularly strong year for hedge funds. In May alone, $22 billion of new capital was added bringing year-to-date flows to $93.3 billion. That’s the strongest start to a year since 2007...
GoPro camcorders can ride the waves. But can they can survive the treacherous sea of the stock market? On Thursday, GoPro leaps into the world of public companies having sold 17.8 million shares at $24 each, at the high end of its $21 to $24 price range...
Argentina has said it is willing to negotiate with hedge funds over billions of dollars it owes them in outstanding debt, but the country has set preconditions for talks that it said would take longer than a few days...
