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Finance/Venture

Opec Oil Ministers Meeting As Output Likely To Remain Unchanged

Angola Seeks IMF Help as Oil Price Hit The Economy

The second largest oil producer in Africa will start negotiate with IMF next week for a bailout program. Continuous drop of oil price hit Angola economy after years of prosperity from oil production.

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Pershing Square Capital Management LP Founder And Chief Executive Officer William 'Bill' Ackman

Valeant Stocks Continue to Rally in Two Days After Comment from Bill Ackman

Bill Ackman made nearly nearly $170 million in one day in a Valeant two-day rally. His comment on Valeant Pharmaceutical showed his capability as a remarkable hedge fund manager.

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U.S. Stocks Fall From Record as Microsoft, Google Miss on Profit

Goldman Sachs-backed CompareAsiaGroup gets new CEO Sam Allen

Goldman Sachs-backed consumer finance startup CompareAsiaGroup got its new CEO Sam Allen. In 2015, CompareAsiaGroup closed a Series A round of funding led by Goldman Sachs and is planning to go for a Series B round funding soon.

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Iceland's Prime Minister Under Pressure To Resign After 'Panama Papers' Detail Offshore Holdings

Draft of EU Anti-Tax Evasion Law is Under Pressure after Panama Leaks

Advocacy groups heavily criticized the draft as it allows company to hide their activities. Meanwhile, Iceland Prime Minister has resigned following protest over Panama leaks.

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Paris Police Hunt Gunman Following Attacks At Newspaper And Bank

Societe Generale says it obeys all rules fighting tax evasion and fraud

Societe Generale said that it stood by all the rules of its operating nations. The bank confirmed that it no longer detained any establishments in the process in the Non-Cooperative Countries and Territories.

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New Zealand Dollar Rises To A 26 Year High

Investment Banking Fees fall 29% in Q1

Fees in investment banking sector across the world declined 29% during the first three-month period of 2016 as uncertainty in the global market halted deal proposing activities and other investment events.

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PANAMA-PAPERS-MOSSACK-FONSECA

Austrian Financial Market Regulator to Investigate Two Banks over Panama Papers Leak

FMA of Austria will investigate Raiffeisen Bank International and Hypo Landesbank Vorarlberg. The Austrian banks were named in Panama Papers in helping money laundering scheme.

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Credit Suisse Group AG Full-Year Results News Conference

Credit Suisse Must Take Drastic Measure After $1 Billion Write Down

The Swiss bank which posted first full-year loss last year must take a drastic measure. It has to make another retreat in investment banking.

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Tungenes lighthouse, Randaberg

Norwegian's Global Lavbeta II Fund Cuts Volatility With Low Beta Stocks

Oslo-based pension and insurance provider KLP beat benchmark in 5 of 7 years. The portfolio strategy to bet on stocks with low volatility is proven to be successful.

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Company Signs

Trial for Five Former Barclays Bankers on Libor Rigging Case to Start Monday

After a series of setbacks, UK's Serious Fraud Office will start the third trial on Libor rigging case. Five former bankers in Barclays will stand accused as conspirators.

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FRANCE-ECONOMY-BANK

Societe Generale SA to Cut 128 Jobs in Its Global Banking Division

The third largest bank in France will continue its cost cutting plan. Through the year 2020 the bank will cut 550 jobs in its retail operation.

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Deutsche Bank Shares Soar

Research firm Coalition lowers Deutsche Bank position in investment industry

Deutsche Bank has missed its ranking as a top three investment bank in the world. The weak EURO as well as the bank's restructuring approach pushed it to the fifth place in the investment sector.

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Bronze Equestrian statue of George Washington in the Public..

Meketa Investment Group enhances staff ownership team

Meketa Investment Group has increased its employee ownership team. It has included seven new shareholders into employee ownership team. Meketa is optimistic on adding new expertise and talent that supports its business expansion plan across different geographies.

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George Osborne Leaves Downing Street Ahead Of The Budget Vote

UK's service sector records 2.8% growth in January

The service sector of Britain posted a 2.8% growth in January, accounting for roughly 80% of the nation's economy. The country's GDP increased by 0.6% during the fourth quarter of 2015.

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CHINA-ECONOMY

China's eight largest bank defaults on ‘dim sum’ bond

A unit of China's Guosen Securities in Hong Kong have defaulted on a dim sum bond. However, analysts doubted the default as the brokerage is in a strong cash balance.

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