NEW YORK (Reuters) - Citigroup Inc shares rose in premarket trading Thursday on a report that longtime shareholder Saudi Prince Alwaleed bin Talal plans to increase his stake in the bank to 5 percent from less than 4 percent.
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The Swiss National Bank on Thursday makes a surprise and steep one percentage point rate cut, noting fading price pressures and a deteriorating world economy.
After paying dearly for money from the likes of Warren Buffett, why would GE (GE) need more cash? It appears that the big conglomerate is looking, which may not be especially good news for investors.According to Bloomberg, "General Electric Co., down 61 percent this year in New York, is seeking funds from China Investment Corp., Government of Singapore Investment Corp. and at least two other so...
JO Hambro Capital Management, which oversees about $3.5 billion of assets, is shuttering one of its two hedge funds after slamming into the surprise surge Volkswagenstock last month, Bloomberg News reported, citing people familiar with the situation. The firm’s $240 million Trident European Fund plummeted 25 percent in October, its worst month ever, mainly tied [...]
Itochu, Japan’s fourth-largest trading house, announced Thursday that it had agreed to pay $710 million to pick up a a 20 percent stake in Chinese food processing company Ting Hsin Holding. Japan’s big trading houses, whose coffers are full due to smart bets on iron ore and metals, are pushing into the processed food [...]
Click charts to ENLARGE.Winners? Not a lot out there. Here are some stocks that are Landry Long winners... simple MA10 period > EMA20 > EMA 30From the Barrons 100__________________________________________________Volatility: winning through fear.The dollar: winning through debt destruction, as dollars get vaporizedThe yen: winning through the end of the carry trade of borrowing yen to inve...
Shares of JPMorgan Chase, Citigroup and Bank of America tumbled to multiyear lows on Wednesday on expectations that deteriorating credit conditions and a contracting economy will weigh heavily on the three largest U.S. banks. JPMorgan shares fell as much as 9.6 percent to their lowest level in 5-1/2 years, predating the arrival of Jamie Dimon [...]
The FOMC minutes were just released from its recent 10/28 - 10/29 meeting. Here are the highlights: The information reviewed at the October meeting indicated that economic conditions deteriorated in recent months. The labor market weakened further in September as private payrolls fell at a faster pace than earlier in the year and the unemployment rate remained above six percent. Industrial prod...
NEW YORK (Reuters) - Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low.
Prices of Treasury coupon securities posted gains today but the extent of the gains depended on the point on the yield curve at which the security resided. The yield on the 2 year note slipped 6 basis points to close at 1.07 percent. The yield on the 3 year note dropped 9 basis points to 1.34 percent. And then the bigger gains begin. The yield on the 5 year note tumbled 15 basis points to 2.05 ...