Ronnie Mansolillo / Blog
An Italian court indicted officials from ratings agencies Standard & Poor's and Fitch on Tuesday over accusations of market manipulation related to cuts to Italy's sovereign debt ratings during the euro zone debt crisis in 2011 and 2012...
Fiat Chrysler Automobiles NV (FCA) plans to spin off the Ferrari super-car brand, underpinning efforts to raise about $4.7 billion as the Italian-American carmaker counters rising debt. The stock soared 19 percent. FCA will list 10 percent of Ferrari in the U.S...
Market Committee is expected to announce that its adventures in quantitative easing (QE), or permanent open market operations (POMO), are over. There will be no more $15bn a month bond purchases by a proxy for the U.S. state. For the first time in six years, markets will be on their own...
Assessing the health of the hedge fund industry is a complicated process. Frankly, it’s a confusing one. They had a rough year in 2013, getting trounced by cheap index funds, but most customers seemed to understand. Last year was a bull market and a correction was in order...
Nintendo Co. (7974) posted second-quarter profit that beat analyst estimates, helped by a weaker yen that boosted the value of overseas sales and demand for new games including Super Smash Bros. and Mario Kart 8. Net income was 24.2 billion yen ($224 million) in the three months ended Sept...
People are leaving Goldman Sachs. And when they leave Goldman Sachs, they are (eventually) joining Deutsche Bank. Or at least this applies to two former senior Goldman staff whose new roles at the German bank were announced yesterday...
Private banks in Singapore are breathing life into a generally dull fintech job market in Singapore, although the skills they are demanding can make it tricky for IT professionals to join their ranks...
Lakewood Capital Management LP is betting on OAO Lukoil (LUKOY), Russia’s second-largest oil producer, after shares slumped on concern about the nation’s conflict with Ukraine and a selloff in energy stocks...
The World Economic Forum's ninth Global Gender Gap Report estimates that the world will not eliminate the gender gap until 2095 -- that's another 81 years. Good news for the women out there: the World Economic Forum believes that gender equality is achievable -- just not for another 81 years...
Sweden's central bank cut its key interest rate by a bigger than expected 25 basis points to a record low zero percent on Tuesday to fight persistently low inflation...