At a time of daily stock-market seizures, weekly bank and sovereign debt downgrades and monthly central bank interventions, most people are seeing the glass half empty, and have forecasted bearish -- if not downright abysmal -- market conditions for next year. A look at some of the more salient predictions.
Ekaterina Rybolovleva is a mere 22-years-old but she just dropped $88 million on a 6,744-square foot apartment at 15 Central Park West. The apartment boasts 10 rooms, including four bedrooms, a wrap-around terrace and two wood-burning fireplaces.
NDS Group Holdings Ltd, which provides software services to pay television, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.
Ex-Citigroup chairman Sanford Weill has sold his penthouse at 15 Central Park West in Manhattan for $88 million, a new record for a single residential sale in the city.
In a bombshell research note that is making the rounds of Wall Street this morning, Glenn Schorr, the financial services sector analyst for Nomura, cut his estimate for Goldman's fourth-quarter earnings to $1 per share, half of his previous $2 prediction. That's less than half of what the consensus expectations are. Other bank estimates were also taken down.
Commodities trader Trafigura's profits soared nearly two-thirds to a record over $1 billion this year, the Financial Times reported on Sunday, citing a note to bondholders.
Last week, investors could finally buy a share of Internet gaming site Zynga, which was priced Thursday at $10 a share in the company’s $1 billion initial public offering. What did they say about other IPOS as well as Facebook's for 2012?
A unique deal to protect part of the annual bonus pool at UBS Australia expires within weeks, say sources with direct knowledge of the matter, raising the prospect that the business may lose some top talent should it not be renewed.
With less than two weeks left before the end of the year, all kinds of market participants, from economists at multinational banks to stock bloggers in their bedrooms, have begun to give their predictions for 2012. Here is a lucky set of seven predictions that could benefit investors next year.
Shares of Zynga, the online gaming developer linked to Facebook, closed at $9.50 Friday, 50 cents below their initial public offering price Thursday as the company raised $1 billion in the biggest IPO since Google.
Fitch Ratings, the third-biggest of the major credit rating agencies, on Thursday downgraded Goldman Sachs, Deutsche Bank and five other large banks based in Europe and the United States, citing increased challenges in the financial markets.
European shares were slightly higher on Friday at mid-day amid thin trading as miners tracked rising metal prices, offset by lingering concerns over the Eurozone debt crisis and reservations ahead of U.S. inflation data.
Stock index futures pointed to a higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 rising 0.3 to 0.6 percent.
Fitch Ratings, the third-biggest of the major credit rating agencies, downgraded seven global banks based in Europe and the United States, citing "increased challenges" in the financial markets.
Goldman Sachs Group Inc has named Pete Lyon as co-head of its business that caters to private equity and hedge fund clients in the Americas, according to an internal memo distributed Thursday morning.
Michael Kors Holdings Ltd stood out in its market debut, keeping pace with star technology sector IPOs and showcasing the resilience of the luxury market even in a gloomy economy.
Morgan Stanley's announcement that it is slashing 1,600 jobs is only the latest in a late-year blizzard of pink slips being floated among people at the heart of American high-finance. Bonuses are also down sharply. Is the economy Grinch stealing Wall Street's Christmas?
The social networking giant is swimming in cash. A source with knowledge of Facebook's finances told Gawker that Facebook might be doing even better than investors expect -- a promising outlook for the company which has shown interest in floating an IPO offering in 2012. But how much is Facebook worth, exactly?
For tycoon Cheng Yu-Tung, 86, listing his jewellery retailer Chow Tai Fook, the world's largest, on the Hong Kong Stock Exchange paves the way for his younger generation to strengthen its position in China's glittering market.
Goldman Sachs resumed coverage on the U.S. Internet sector, saying it presented an attractive investment idea as revenue growth at some Web-based companies would likely outpace consensus expectations.
Worries that India's evolution into an economic superpower may be overhyped and signs the government may lack the will to further dismantle a protectionist legacy drove India-themed funds to the bottom of performance league tables in November.
Last month the International Energy Agency said in its World Energy Outlook that If, between 2011 and 2015, investment in the [Middle East and North Africa] region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150/barrel.
