49296 results returned for search: "" category ("Other" AND "Business")
LONDON - The UK stock exchange was closed on Monday.
On Friday the FTSE 100 closed up 39.55 points at 4,908.9.
@MARKET ROUNDUP:EUROFIRST
EUROPE - European shares closed lower, dragged down by falls in China and in the US, where financials slipped aft...
DATE: Sep 01, 2009
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Bermuda-based rum giant Bacardi Ltd. is cancelling a popular annual artisans' fair at its Puerto Rico distillery due to the global recession, according to Business Week.
The Bacardi Artisans' Fair had been held each December at the company's plant in...
DATE: Aug 31, 2009
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BEIJING (Bloomberg) - China Investment Corp. (CIC), the country's sovereign wealth fund, is continuing to shift its investments away from cash and is investing billions in hedge funds and private-equity funds, Chairman Lou Jiwei said.
China Investmen...
DATE: Aug 31, 2009
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NEW YORK (Reuters) - The last week of summer could prove to be anything but relaxing for stock investors worried about the economy, with the crucial August jobs report on the agenda.
Stocks eked out a second week of gains by Friday's close. Last week...
DATE: Aug 31, 2009
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LONDON (Reuters) - The fund of hedge funds industry is being forced to reinvent itself after the Madoff scandal and hefty client outflows, and will emerge from the crisis smaller but in better shape than many had expected.
Investors pulled more than ...
DATE: Aug 31, 2009
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It's been a hard recession and although recovery is underway, the belt-tightening undertaken by firms has already hurt the household sector. In order to protect the bottom line, as much as possible, corporations have been shifting the cost of adjustm...
DATE: Aug 31, 2009
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NEW YORK (Bloomberg) - American International Group Inc. (AIG), the insurer bailed out by the US, gained for a ninth day, reaching a 10-month high as speculators bought back shares they borrowed and sold short, traders said.
AIG climbed $2.39, or fiv...
DATE: Aug 31, 2009
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LONDON (Bloomberg) - Bermuda-based Omega Insurance Holdings Ltd., a Lloyd's of London insurer, said first-half profit fell 5.5 percent after net earned premiums declined.
Net income dropped to $20.6 million from $21.8 million in the same period last ...
DATE: Aug 31, 2009
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BOSTON (Reuters) - Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.
"We have been surprised b...
DATE: Aug 31, 2009
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Review by James Pressley
BRUSSELS (Bloomberg) - As Wall Street played hide-and-seek with toxic assets during the panic of 2007, HSBC Holdings plc. opted for a more straightforward accounting.
It was November, and HSBC decided to bail out two structur...
DATE: Aug 31, 2009
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