Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it's not. It's one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their currencies beyond maintaining their stability. And so,...
Perennial China Retail Trust lodged the prospectus for its planned S$1.1 billion ($861 million) initial public offering in Singapore, in what is likely to be the first of several large asset-backed trust IPOs in the city-state.
Access to the professional networking site LinkedIn was disrupted in China on Thursday, following online calls on other sites for gatherings inspired by protests against authoritarian regimes across the Middle East.
A U.S. regulator charged two financial firms and three individuals with violating federal securities fraud laws over an alleged portfolio pumping scheme to manipulate prices of several small U.S. stocks, generating more than $63 million of illegal proceeds.
The Gold Price rose further in London trade Thursday morning, hitting new 2011 highs for Dollar investors as Brent crude oil jumped to $119 per barrel and a raft of economic analysis warned of stagflation ahead for the global economy.
Oil prices continue to rise amidst fears that violent unrest in Libya will not only cut off supplies from that nation, but perhaps spread to other, larger oil producers, including Saudi Arabia.
Western investment banks are keen to underwrite more IPOs on China's Shenzhen exchange this year as a surging economy turns the once insignificant market into a fundraising hotbed.
Wall Street's financial giants continue to pose major risks to the U.S. economy, and must be broken up to avoid another meltdown, Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday.
Since the financial crisis, laws have changed to better regulate financial institutions. However, they don’t go far enough and there are still unresolved issues, said Professor Joseph Stiglitz in an interview with IBTimes.
Emerging markets focused lender, Standard Chartered Bank <2888.HK>, has shuttered its global loans trading unit, sources familiar with the matter told Reuters on Wednesday, ending a unique experiment in Asia, as it moves to focus on lending to clients.
The companies whose shares are moving in pre-market trade on Tuesday are: Marriott International, United States Steel, Analog Devices, Sprint Nextel, Nyse Euronext, Newmont Mining, Jds Uniphase and Netflix.
China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
The proposed deal between the New York Stock Exchange Euronext and Deutsche Börse AG that would create the world's largest financial exchange has apparently run into some controversy with New York Senator Charles Schumer's unintended revelations on post-merger management authority.
The United States has incited Brazil and India to criticise China's currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.
Pipeline company Kinder Morgan Inc sold more shares and priced them above the expected range, an underwriter said on Thursday, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998.
A group of prominent business executives and national security figures will visit China next month as part of their drive to reduce U.S. dependence on oil.
The companies whose shares are moving in pre-market trade on Wednesday are: Walt Disney, Jds Uniphase, PPL Corp, Ingersoll-Rand, Motorola Solutions, Wells Fargo, Time Warner and Google.
RBC Capital Markets said banks with strongest capital and increased profitability are expected to get green light on dividends. The Federal Reserve is expected to approve dividend increases.
Benchmark Capital said the sale of retailer Big Lots (NYSE: BIG) appears possible and private equity buyers could target the company, after Bloomberg reported that Big Lots is exploring strategic options.
Regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.
