Hints and tips:
...Also part of that effort: getting closer to the likes of Pimco and BlackRock, the mutual-fund groups which have recently benefited from huge inflows of client money in credit....
...V&A’s robot-made web London’s Victoria and Albert Museum, has launched a season of exhibitions and events focused on the “unsung role” of engineering in society....
...Nonetheless, another $18bn flowed into hedge funds globally in the first quarter of 2015, according to research group HFR, taking the industry’s total assets to $2.94tn....
...Talking over breakfast in a New York hotel, he still looks like the archetypal tech entrepreneur: focused and somewhat intense, wearing a black polo shirt and charcoal V-neck....
...Trafigura did not disclose a price for its 30 per cent holding in a copper smelter belonging to state-owned Jinchuan Group, China’s top nickel miner and one of its largest copper producers....
...But staying on Foxton’s, there was this bland disclosure of risks in its listing prospectus: The Group is subject to laws and regulations with which it may be found to be non-compliant.The Group could be...
...By business new europe PPF Group, the investment vehicle of Czech tycoon Petr Kellner, is in the preliminary stages of planning an international IPO of its subsidiary holding Home Credit B.V....
...“However, Moody’s also wants to stress that it continues to view Spain as a much stronger credit than other stressed Euro zone countries....
...“Most investors have abandoned hope for a clean V-shaped recovery and are now extremely data-point sensitive,” said Lawrence Creatura, vice-president and portfolio manager at Federated Clover Investment...
...By the time Mr Weill and Mr Dimon had finished, the humble Commercial Credit had turned into Travelers, a powerful finance group spanning brokerage services, insurance and investment banking....
...in just a few days,’’ says Hisham Abu Jamee, chief investment officer at Bakheet Investment Group....
...In April, Julius Meinl V, a prominent banker, was detained and released on €100m bail in connection with an investigation into allegations of fraud at Meinl European Land, a quoted property group....
...“It started in subprime mortgages, then it moved to prime mortgages, then to car financing,” says Mark Greene, chief executive of Fico, the US credit checking group. “Now it’s moving to credit cards.”...
...Well, commercial real estate is coming apart at the seams, credit card losses are surging and nobody knows yet just how bad things will get in Japan or Eastern Europe....
...The credit cycle was turning, as it had so many times before during Mr Fuld’s four decades at Lehman, but he still felt lucky....
...ICICI’s managing director, K V Kamath, called the rumours “baseless and malicious”....
...In his early days at Lehman, Mr Fuld became a fast-rising protégé of Lewis Glucksman, a hot-tempered trader who wrested power at Lehman away from its old-line investment bankers....
...In other corporate news, Boeing , the commercial aircraft maker and a partner received a $10.4bn contract for the V-22 Osprey. Boeing shares added 1.2 per cent to $74.37....
...Last March he became creative director of Puma, owned by the French group PPR, which also (oh, the irony) owns Gucci Group....
...of creating a third fund to short credits with a broader mandate....
...But he said the credit squeeze had shown the value of having a retail bank and an investment bank in the same group....
...The UK group had probably felt it was in pole position to negotiate iPhone agreements with Apple in Europe....
...Her return was expected following the recent departure of Jonathan Zhu, Morgan Stanley’s previous China head, to the private equity group Bain Capital....
...These transactions are designed to expose clients to credit markets while mitigating the effects of rising interest rates....
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