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Views Of Citic Securities Co. As Hedge Funds Turned Toxic And Led Police to Its Door

Asian hedge funds look to safe haven after January crash

Hedge funds in Asia witnessed losses the most in January 2016. The financial markets sell-off in the month made hedge funds suffer losses over 10 percent. Asia-focused hedge funds recorded losses of 3.1 percent indicating the worst beginning since 2008.

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Anglo American Plc Chief Executiver Officer Mark Cutifani Interview

Anglo American loss widens on write-downs

Anglo American Plc suffered a pre-tax loss of $5.5 billion (£3.8bln) for 2015 year. The 2015 loss was more than twice the loss incurred in 2014. As part of its future strategy, Anglo American is planning to shift its focus to copper, platinum and diamonds.

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Metallurgy of iron and steel - Alto-forno - blast-furnace

Brazil's Usiminas hires Credit Suisse for unit sale

Brazilian steelmaker Usiminas Siderurgicas de Minas Gerais SA, a Brazilian steel producer, is in the process of offloading its manufacturing unit. Usiminas has already hired Credit Suisse SA as its financial advisor for the unit sale. The sluggish global economy and China's economy slowdown are impacting the Brazilian steel industry in more negative way.

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Vodafone Group Plc Stores As Common Ground Sought In Liberty Global Plc Merger

Vodafone to forge ties with Liberty Global for Dutch market

UK-based Vodafone and US cable group firm Liberty Global are combining their operations in Netherlands market to float a joint venture. The combined JV is expected to be operational by end of 2016. Vodafone has agreed to pay €1 billion (£770 million) after excluding Ziggo's net debt of €7.3 billion.

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US Markets Open After Big Losses In Japan

Foreign investors take US small biz route

The market volatility, rising dollar and sluggish global economy are forcing foreign investors towards the US small business credit market for growth opportunities. Foreign investors generally prefer to invest in US treasury bonds. But the prevailing global conditions are propelling them to park their funds in small business credit market.

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Micex-RTS Moscow Exchange

R-Squared investment firm ups position in Russian ruble

R-Square Macro Management is increasing its exposure to Russian currency Ruble. It's hoping on rebound in Ruble as it fell 37 percent from the recent high in 2015. Some asset managers scaled back their wagers on Ruble amid high volatility in the Russian currency.

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Images Of The BSE As Sensex Pares Biggest Weekly Loss in Four Years

Indian market crash channeling funds into MFs

The recent market crash in Indian stock markets is driving funds from equities to mutual funds (MFs). As a result, fixed income mutual funds are witnessing increased inflows of funds amid ongoing bear market.

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Key Speakers At The 'Ignition: Future of Digital' Conference

Pandora selling itself; stock soars over 10%

Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing competition in internet radio space.

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Residential Housing And Estate Agents As Mortgage Approvals Rise

London rental apartments see buying binge ahead of new tax

The London property market is witnessing soaring buying activity for rental apartments ahead of new tax on home coming into effect from April 2016. The latest rush for buying is also pushing prices up.

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Barclays Said Trimming 1,000 Jobs, About a Quarter in Asia

UK shares rebound, Barclays leads the pack

The UK stocks, after suffering losses for three sessions in a row, rebounded. Barclays and other financial companies led the gains. After suspension of trading for a day, the trading in Barclays stock resume on Monday. The FTSE 100 index dropped 9.2 percent in 2016 so far.

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World's First Hydrogen-Powered Motorcycle Goes On Display

Intelligent Energy Develops Hydrogen Fuel Cell Technology That Could Expand Battery Life to a Week

The British company formed a partnership worth $7.6 million to develop hydrogen fuel cell technology for smartphones. The technology would create a need to modify the hardware of the smartphone to manage the chemical reaction waste. Intelligent Energy stated that if all goes well, the new technology could hit the market in two years.

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Key Speakers At The Robin Hood Veterans Summit

Steve Cohen's hedge fund investing in trading talent

Reeling under pressure, the hedge fund segment is facing talent crunch to render its services more qualitatively. Considering the need of the hour, billionaire Steve Cohen-owned hedge fund Point72 Asset Management is investing in grooming the talent pool. It's offering two programs to train young graduates.

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Dow Plunges 400 Points In Intraday Trading

Hedge funds betting on risks in US bluechips debt

The bonds are gaining momentum amid sluggish financial markets and uncertainty about the global economy. Majority of hedge funds are betting on the $4.5 trillion market as the safest for US corporate debt. Some hedge funds forecast the concerns may go beyond energy and junk bonds.

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Profile Shoot Of Zomato Co-founders Deepinder Goyal And Pankaj Chaddah

Zomato Becomes India's First E-Commerce to Break Even

The company announced that it had broken even in India and six other foreign countries, making the Indian e-commerce the first to achieve that milestone. Zomato, valued at over $1 billion, is going to start another funding round before becoming profitable by mid-2016.

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Stocks Drop As Report Shows Fewer Jobs Created Than Expected

Wall Street strategists lower S&P 500 estimates

Contrary to earlier bullish predictions for 2016, several Wall Street strategists have started lowering their forecasts on S&P 500 stocks. The Chinese economy slowdown, volatile oil prices and interest rates are the major reasons for drop in forecast. The gap between highest and lowest forecast has been widening.

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