HONG KONG - Global financial markets looked set for another rough week on Monday, with stocks and commodities falling ahead of data that could give clues on when the U.S. will raise interest rates and surveys which are likely to point to further weakness in China.
NEW YORK - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according people familiar with the bank's plans.
Fri, Aug 28 2015
NEW YORK - After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings.
SAN FRANCISCO - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already worth more than they're likely to be valued once they finally go public.
- BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said.
SHANGHAI - China stocks corrected on Monday morning after a 10 percent rally over the past two sessions, as regulators took fresh measures to crack down on speculation and trading misbehaviors.
Sun, Aug 30 2015
TOKYO - Japan's Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding.
NEW YORK - Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals.
JACKSON HOLE, Wyo. - Central bankers from around the world are telling their American counterparts that they are ready for a U.S. interest rate hike and would prefer that the Federal Reserve make the move without further ado.
NEW YORK - PayPal Holdings Inc , the e-commerce group trading sharply off its recent offering price, could rise 40 percent to $46 a share if it succeeds with investments tied to payments systems innovation, the Aug. 31 edition of Barron's said.
Summer 2015 is drawing to an end, but Bloomberg notes that Donald Trump appears to be more than a seasonal fling.