Stocks slid further on Monday as concerns about the health of banking system diminished appetite for riskier assets and as billionaire investor George Soros said the banking system was basically insolvent.
Billionaire investor George Soros believes the Group of Twenty nations have done better than expected and have gotten ahead of the problems which face the world’s financial system.
The Group of 20 nations meeting next week is a make or break event for the global markets, investor George Soros said on Wednesday.
Four of the world's top hedge fund managers took home 10-figure paychecks last year even as the loosely regulated industry delivered its worst returns and hundreds of fund firms were forced out of business.
Financier George Soros said the G20 summit next month must support developing nations to prevent further market turmoil.
Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.
He said the bankruptcy of Lehman Brothers in September marked a t...
Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
The pound rose for a third day against the dollar and climbed versus the euro as Citigroup Inc. recommended buying Lloyds Banking Group Plc shares
The Bombay Stock Exchange (BSE) benchmark 30-share sensitivity index, the Sensex, plummeted by over 2000 points or almost 11 percent on Monday - its biggest ever intra-day fall - and dragged down stock prices of blue-chip companies to a record low, forcing the stock exchange to shut down trading twice abruptly.
Central bankers past and present warned on Tuesday of more pain to come for the U.S. economy and that banks worldwide could take several months yet to reveal full losses from U.S. subprime mortgage lending. Former Federal Reserve Chairman Alan Greenspan and billionaire investor George Soros said the downturn in the U.S. housing market had yet to take its full toll on growth.
The United States has entered a recession, according to highly-regarded investor Jim Rogers, who told Britain's Daily Telegraph newspaper on Wednesday he was switching out of the dollar and into yen, the yuan and the Swiss franc.
Hedge funds, known for flexing their financial muscles around the globe but still largely shut out of China, hope the quickening pace of Beijing's reforms will open new gateways into the world's fourth-largest economy.
Billionaire financier George Soros pledged $50 million on Wednesday to help the United Nations tackle extreme poverty and AIDS in Sub-Saharan Africa.
Billionaire investors Warren Buffett and Carl Icahn may differ in investment strategies but they both own sizable stakes in Tyco International Ltd., an analysis of recent investment documents shows.
