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Finance/Venture

Stocks, Six-Month Bills Sink as U.S. Moves Closer to Default

Standard & Poor's Will Review Pershing Square Rating

Following Valeant Pharmaceuticals' meltdown, S&P rating service puts Pershing Square Holdings Ltd on review. However, S&P acknowledged swift decision by the firm to strengthen its liquidity after a massive loss.

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Key Speakers At The Bloomberg Markets Most Influential Summit

Plunge of Valeant Shares Made Bill Ackman to Lose $1 Billion

A huge slump in Valeant Pharmaceutical stocks on Tuesday made Pershing Capital to lose more than $1 billion in one day. Meanwhile Bill Ackman planned to take more active role in the drugmaker.

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Deutsche Boerse AG Chief Executive Officer Carsten Kengeter Interview As German Exchange Agrees Merger with London Stock Exchange Group Plc

Frankfurt and London Stock Exchange Has Reached a Merger Agreement

Two of the most prominent European stock exchange, Frankfurt and London has agreed to merge on Wednesday. The merger between them will create a new European trading powerhouse.

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Citigroup Earnings Miss Estimates on Bond Trading, Mortgages

Shareholders of Citigroup and JPMorgan Will Vote on Potential Breakup

Shareholders of two U.S. prominent banks will vote later this year regarding the breakup plans for the banks. However shareholders are predicted to decline the plan submitted by liberal lobby activist.

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BRITAIN-ECONOMY-BANK-RATE

Bank of England is Predicted to Keep Interest Rate Low in Fear of Brexit

In fear of Brexit, economists predicted British central bank will keep its interest rate low. While Bank of England Governor Mark Carney warned that Brexit will damage British financial stability.

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Trading On The Floor Of The NYSE As U.S. Stocks Join Global Rally While Investors Embrace ECB Measures

U.S. Stocks Wavered on Tuesday as Investors Wait for Fed Statement

U.S. stocks swung on Tuesday ahead of Fed statement. While Morgan Stanley and JPMorgan warned that similar to Europe and Japan, stimulus program may not be effective to stimulate growth.

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GERMANY-EU-ECB-EUROZONE-RATE-FOREX-CUT-BONDS

Big Commercial Banks Criticized European Central Bank's Simulus Measure

Commercial banks in northern Europe criticized ECB for its four-year cheap loan policy and stimulus program. The policy was aimed to stimulate growth for banks that struggle in southern part of Europe.

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A KTBNetwork Co. employee walks past the company's logo in S

Korean Venture Capital Firms Gaze at Overseas Biotech Companies

South Korean venture capital firms are eyeing overseas biotech industry to accelerate investment goals. At the sametime, tech startups in Korea also began to flourish.

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Online Money

Venture Capital Funding for Fintech Startup Reached $13.8 Billion in 2015

Global venture capital funding for financial technology companies hit $13.8 billion last year. The number is a double from previous year, indicating a serious impact of fintech to the financial services.

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The New York Times 2015 DealBook Conference

Asset Manager BlackRock modernizes trading strategies

Investment firm BlackRock has modernized its trading policies with the help of twenty tech skilled members' team. The company is shifting to electronic trading to overcome market challenges.

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BRICS/SCO Summits - Russia 201

LIC invests ₹2,750 crore in shares of nine state-owned banks

Life Insurance Corporation has invested in nine state-owned banks. The Indian-based insurance group has invested around ₹2,750 crore in shares of nine banks in order to strengthen their capital reserve.

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Treasury Budget

U.S. Government Reported a $193 Billion Budget Deficit in February

Treasure Department published monthly budget report on Thursday. This year a 0.1% increase is reported from last year. This full-year's deficit is forecasted to be much higher than 2015.

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Twitter Chairman Jack Dorsey Speaks At Techonomy Detroit

Square Q4 loss widens as transaction expenses offset revenue increase

Square reported a widened loss during the fourth quarter of 2015 as transaction expenses and other related costs burdened its balance sheet. The company reported a 49% increase in quarterly revenue.

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GERMANY-FINANCE-STOCK-BRITAIN-MERGER

Intercontinental Exchange Prepare a Bid for London Stock Exchange Against Deutsche Boerse

Owner of New York Stock Exchange, Intercontinental Exchange prepare its bidding on London Stock Exchange. The bid came in the midst of merger talk between London Stock Exchange and Deutsche Boerse.

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JAPAN-STOCKS

Asian Stocks Fell due to Oil Prices and Weak Outlook on China

Asian stock market dropped starting Monday after three weeks rally. Concern over oil prices and economic outlook of China triggered the drop.

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