Markets


Markets

China to Suspend IPOs Amid Market Turmoil

Sat, 04 Jul 2015 13:06:06 EDT
China has decided to suspend new stock sales and, in a first, establish a market-stabilization fund aimed at fighting off the worst equities selloff in years.

Malaysia 1MDB Probe Finds Documents Tied to Alleged Transfers to Prime Minister

Sun, 05 Jul 2015 03:28:41 EDT
Malaysia’s attorney general said a probe into a troubled state investment fund has uncovered documents related to allegations that money was transferred into the personal bank accounts of Prime Minister Najib Razak.

New Credit Suisse CEO Reins in Hopes for a Quick Fix

Sat, 04 Jul 2015 16:36:43 EDT
‘Expectations have kind of run away,’ says new Credit Suisse CEO Tidjane Thiam, as he plays down optimism he can quickly lift the Swiss bank out of its recent malaise.

Hedge Funds With Greek Holdings Face Uncertain Wait

Fri, 03 Jul 2015 13:36:48 EDT
Hedge funds managers with exposure to Greek stocks and warrants face an uncertain wait ahead of Sunday’s referendum, after being unable to get their money back or easily value their funds this week.

Get Ready to Weather the Price of El Niño

Sat, 04 Jul 2015 06:04:40 EDT
The return of the El Niño weather phenomenon is forcing agricultural commodity players to prepare for low crop yields and heightened price volatility.

Activism-Defense Specialist Leaving Goldman Sachs

Fri, 03 Jul 2015 00:24:27 EDT
Activism-defense specialist William Anderson is leaving Goldman Sachs for Evercore Partners, according to people familiar with the matter.

Brazil Antitrust Agency Investigating Banks for Suspected Rate Manipulation

Thu, 02 Jul 2015 22:31:10 EDT
Brazil’s antitrust agency is investigating banking giants HSBC Holdings PLC, Citigroup Inc., Deutsche Bank AG and others on suspicion of forming a cartel to manipulate the exchange rate of the Brazilian currency, the real.

Regulators Warn Banks on Loans to Oil, Gas Producers

Sat, 04 Jul 2015 16:45:54 EDT
U.S. regulators are sounding the alarm about banks’ exposure to oil and gas producers, a move that could limit their ability to lend to companies battered by a yearlong slump in prices.

Jobs Gains Don't Ease Spending Strains

Thu, 02 Jul 2015 22:45:29 EDT
An improving job market is giving Americans the wherewithal to keep buying more. But things aren’t so good that spending is about to really rip.

Eurozone Crisis Now Yields Windfall

Fri, 03 Jul 2015 08:28:30 EDT
Away from Greece, the eurozone, and Germany in particular, is enjoying the benefit of ultra-low bond yields.

Troubling Lessons in China's Crumbling Stock Market

Sat, 04 Jul 2015 20:45:30 EDT
The bubble’s deflation shows China’s reputation for omnipotence in economic matters is hardly unassailable.

Lloyds Bank Retail Sale to Yield Political Dividends

Fri, 03 Jul 2015 06:19:18 EDT
Government plans to sell Lloyds shares to the public will mean financial gains for a lucky few but political insurance for the bank.

Iron Ore's Recovery Turns to Rust

Fri, 03 Jul 2015 08:29:51 EDT
The iron-ore market is discovering why the archenemy of high commodity prices is, well, high commodity prices.

Airlines: A Justifiable Bet

Thu, 02 Jul 2015 22:42:39 EDT
The Justice Department is probing airline expansion practices. But cheap valuations will allow shareholders to be patient.

AIG a Wallflower at Insurer-Merger Dance

Thu, 02 Jul 2015 22:48:54 EDT
The acquisition of Chubb by ACE likely signals the start of a merger rush for U.S. insurers. AIG isn’t likely to join in.

Noble Group Distracted by Bonfire of Its Equity

Fri, 03 Jul 2015 05:39:48 EDT
Noble Group has been busy buying back its beleaguered stock. That risks weakening the more important fight: defending its credit.

ECB Dips Toe in Corporate Bond Pool

Thu, 02 Jul 2015 12:17:33 EDT
Bonds of Italy’s Enel are on the ECB’s shopping list. Investors shouldn’t assume this prefaces mass corporate-bond buying.