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...(They have just come back with a suitcase-full from the art supplier Sennelier on Quai Voltaire, after seeing the Mark Rothko exhibition at Fondation Louis Vuitton in Paris.)...
...Illiquidity makes the situation “very difficult”, affirms Mark Mobius, the veteran investor....
...The appointment of a government insider and non-banker as Citi’s chairman marks a historical turnabout for the financial conglomerate built by a banker’s banker, Sandy Weill, in the 1990s....
...John Dugan, the new chairman, is a career lawyer and bank regulator — the profile of a man focused on avoiding risk rather than taking big strategic decisions....
...Dugan, 63, will replace Michael O’Neill, 71, who will retire at the end of 2018 after more than six years as chairman. More here....
...Mark Zuckerberg’s company has been working on a secretive unit called Building 8 aimed at creating products to advance Facebook’s mission of “connecting the world”....
...Regina Dugan, from the moon shot unit Facebook launched last year, said she had hired 60 scientific specialists to work on a difficult problem: how to read users’ minds....
...Mark Zuckerberg, Facebook founder and chief executive, said Ms Dugan will apply “Darpa-style breakthrough development” at the intersection of science and products....
...It hired Regina Dugan from Google, poaching the former director of the US research agency Darpa to lead a new research and development lab....
...Duggan inquest held A full inquest into the death of Mark Duggan takes place in London’s High Court....
...Industrial commodity prices rallied off early lows, with Brent oil bouncing off the $101 a barrel mark to stand just 7 cents weaker, at $102.36 a barrel....
...“We’re moving in the right direction, but I don’t get overexcited,” says Gary Dugan, chief Asian investment officer at Coutts. “We’re some years away from making it a credible market....
...In an attempt to get banks to be more transparent, the Financial Accounting Standards Board is considering expanding its mark-to-market rule to cover commercial loans, a move the OCC’s Mr Dugan said would...
...The comments were unusually forthright from an influential regulator and came amid a surge of lobbying from regulators and banks before next week’s mark-up of the bill in the banking committee....
...Mark Warner, a Democratic senator and member of the Senate banking committee, wrote in the Financial Times last month that the regulatory failure that preceded last year’s financial crisis suggested more...
...“For consumers I think the light bulb finally went on and they said ‘you know, less bad is probably not good enough, “less bad” doesn’t pay the bills,’” said Mark Vitner, senior economist at Wachovia....
...“The unprecedented fragility of confidence is forcing investors back into safe havens, with gold the top beneficiary,” said Gary Dugan at Merrill Lynch global wealth management: “Gold is benefiting from...
...No doubt Dugan felt the same way when he met the crocodile....
...This marks a reversal of the fund flows in the second half of 2008....
...“In terms of value, they’re some of the cheapest bonds in the market at the moment,” notes Gary Dugan, chief investment officer....
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