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China search engine Baidu beats estimates
...But what we have seen in the market is that our customers’, our partners’ confidence level in Baidu is higher, and i think we would benefit from that,” said Mr Li. Baidu’s stronger-than-expected fourth quarter earnings pulled up full... By Kathrin Hille in Beijing
February 8, 2010
Nasdaq chief critical of prop trading plans
...proscribing prop trading. “Once you get into what is risk [positions] versus principal [positions] it gets impossible, so I think they’d have to find a different path to go.” His comments echo similar doubts from Duncan Niederauer, chief executive... By Jeremy Grant in London
February 9, 2010
Nasdaq critical of trading proposals
...proscribing prop trading."Once you get into what is risk [positions] versus principal [positions] it gets impossible, so I think they'd have to find a different path to go."His comments echo similar doubts from Duncan Niederauer, chief executive of... By Jeremy Grant in London
February 9, 2010
Nasdaq critical of trading proposals
...proscribing prop trading."Once you get into what is risk [positions] versus principal [positions] it gets impossible, so I think they'd have to find a different path to go."His comments echo similar doubts from Duncan Niederauer, chief executive of... By Jeremy Grant in London
January 29, 2010
Man in the News: Steve Jobs
...later founded a rival personal computing company called Be Inc. “The whole product reflects Steve’s attention to detail and the...found this one really great black turtleneck which he loved – I think it was Issey Miyaki – so tried to buy another one and they didn...have to make before I can buy them?’ So they made them – I think he has a closet full of them.”For anyone who has worked for... By Richard Waters
February 4, 2010
Nasdaq OMX Nordic predicts 25% volume growth
...said: “The fact that we will be bringing better technology means a large number of new participants will now be on Inet and I think that will give some upside for Neuro.“It’s very easy for us to talk with some of the high –frequency [firms] as... By Jeremy Grant in London
February 4, 2010
Hong Kong’s rich are getting richer again
...own way and controls Hong Kong’s largest telecoms company, is worth $1.3bn, according to Forbes latest estimate. “I think the interesting test for Hong Kong in future will be the entrepreneurial wit of second and third-generation [tycoons... By Tom Mitchell in Hong Kong
January 31, 2010
Market crash the final nail in DB coffin
...Bernstein. While corporate DB plans will still be around for years, he believes their long-term fate has been sealed.“I think the 2008 crash is the final nail in the coffin for corporate defined benefit pension schemes in much of the west,” says... By Paul O’Dowd
January 31, 2010
Managers prepare to dabble in ETF waters
...obvious passive ETFs strategies already taken.Perhaps unsurprisingly, Mr McRedmond is most upbeat. “How big will it get? I think it’s a matter of time as people get familiar with the concept. Every year that goes by we will see active ETFs get more and... By Steve Johnson
January 29, 2010
iPad avoids pitfalls of other tablet PCs
...few niggles, the final clincher for me was the $500 price tag for the basic model – significantly cheaper than expected. I think the iPad will help define the emerging media tablet market and be a success – the only question now is how big a success... By Paul Taylor