Leon Cooperman is having a rough 2016
Leon Cooperman’s Omega Capital Partners is down 4.2% net of fees YTD through the end of April. The fund was up 1.8% last month, according to an investor update reviewed by ValueWalk. Cooperman founded...
View ArticleChina's Communist Party Mouthpiece Warns on Debt Levels
China’s leading Communist Party mouthpiece acknowledged the risks of a build-up of debt that is worrying the world and said the nation needed to face up to its nonperforming loans. High leverage is the...
View ArticleMystery Bond Seller Unmasked as Bank of Russia Steers Liquidity
Russia’s central bank revealed that it sold local-currency government bonds to drain excess rubles from the financial industry as policy makers grapple with an approaching liquidity surplus that...
View ArticleET in the classroom: Reading into negative rate trend
Many central banks around the world announced ultra low or even negative interest rates to help revive their respective economies post the financial crisis of 2008. ET takes a look at the scenario 1....
View ArticleChina's Africa Push Reaches Currencies in Deal Investors Decry
Strategists are criticizing Nigeria’s latest plan to rescue its currency -- this time by relying on Chinese cash. On a visit to Beijing last month, President Muhammadu Buhari signed a currency...
View ArticleMorning business news - May 10
An international survey on bribery and corruption has found that three quarters of top level executives here have identified corrupt practices within their organisations. The survey was conducted among...
View ArticleWorld stock markets rise while yen falls back
By Sudip Kar-Gupta LONDON (Reuters) - World stock markets rose on Tuesday, helped by solid corporate earnings in Europe, progress on Greek debt talks, and a new pledge by Japan that it was prepared to...
View ArticleJoint Statement of the 19th ASEAN+3 Finance Ministers’ and Central Bank...
(Source: ASEAN - Association of South-East Asian Nations) We, the Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3), convened our 19th meeting in Frankfurt,...
View ArticleChina’s debt at crisis levels: ‘People’s Daily’
China must turn off the taps of credit-driven growth to avoid a financial system crisis in the face of rising bad loans and other risks, the Chinese Communist Party’s official mouthpiece newspaper said...
View ArticleAsian stocks uneven as oil falls, China concerns loom
Click photo to enlarge FILE -- This Dec. 11, 2014 file photo shows Renaud Laplanche, founder & CEO of Lending Club, as he arrives on the floor of the New York Stock Exchange, prior to his...
View ArticleFitch: Surging Mortgages Fuel Credit Risks for China Banks (Fitch Inc)
(Source: Fitch Inc) 08 May 2016 11:51 PM EST Fitch Ratings-Shanghai/Singapore-08 May 2016: Strong growth in new lending to China's residential mortgage sector brings additional credit risks, says Fitch...
View ArticleP2P: It's Tinder for loan seekers and investors
--> Intro: Ppper-to-peer platforms are online loan marketplaces for lenders and borrowers where one can bargain for interest rate, tenure and also get the pedigree customers. Now, even the RBI has...
View ArticleUniCredit Profit Drops on Lower Revenue, Restructuring Costs
UniCredit SpA, Italy’s largest bank, said first-quarter profit fell 21 percent as lower revenue and costs related to its reorganization more than offset a drop in bad-loan provisions. Net income...
View ArticleFitch Upgrades Argentina's Foreign Currency IDR to 'B'; Outlook Stable (Fitch...
(Source: Fitch Inc) 10 May 2016 11:07 AM EST Fitch Ratings-New York-10 May 2016: Fitch Ratings has upgraded Argentina's Long-Term Foreign Currency Issuer Default Rating (LT FC IDR) to 'B'/Stable...
View ArticleDebt-hungry China Inc fuels local banks' takeover of Asia league tables
By Umesh Desai and Denny Thomas HONG KONG (Reuters) - Chinese banks have for the first time claimed the top spots for Asian bond market underwriting, on the back of a booming local corporate bond...
View ArticleBSP Governor Calls For Broader Perspective in Dealing with Global...
(Source: Central Bank of the Philippines) 05.10.2016 BSP Governor Amando M. Tetangco, Jr spoke at the Joint Meeting of the ASEAN+3 and Eurosystem Central Bank Governors (The Joint Meeting) in...
View ArticleTrump’s Rise Could Legitimize Nuclear Hawks in Asia
In Japan and South Korea, America’s closest military allies in Asia, conservative proponents of nuclear weapons could move from the political fringes to the mainstream if Donald Trump becomes the next...
View ArticleWhy the U.S. Dollar Will Continue to Rally
Divergence in policies between the Fed and other major central banks creates a powerful incentive for investors to bet on the American currency By Marc Chandler The U.S. dollar has had a rough few...
View ArticlePress Release: IMF Executive Board Concludes 2016 Article IV Consultation...
(Source: IMF - International Monetary Fund) Press Release No. 16/207 May 10, 2016 On May 6, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with...
View ArticleHyundai Merchant Drops Most in 2 Months Amid Charter Rate Talks
Hyundai Merchant Marine Co. fell the most in two months in Seoul trading on uncertainty over whether South Korea’s second-biggest container carrier would obtain deep discounts for rates on leased...
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