Hao Zou is not your typical young finance star. In fact, it’s a wonder the 29-year-old ex-PIMCO portfolio manager got a job in finance at all — and he’s the first to say it. It’s a good thing he did, though, because he went on to rise through the ranks at the giant bond firm […]
Oilman Boone Pickens says U.S. crude prices should double within 12 months. read more >>> Source : CNBC.Com
U.S. stocks suffered their worst January in at least seven years last month. But have markets been too hasty to call a global economic slump? read more >>> Source : CNBC.Com
Chemist chain Boots announces that it is cutting between 300 and 350 assistant store manager jobs in the UK. read more >>> Source : BBC
Hello traders. Hope you had a nice weekend. Overnight news from China manufacturing PMI was not so bad. Came down a few decimal points from the expected, which is good news for markets. Later on we have the Core Personal Consumption Expenditure and the ISM Manufacturing in the US as the main events. Indices are […]
Sidney Fernandes, University of South Florida System’s CIO explains why every cloud app development team needs members who focus on security. read more >>> Source : ZDNet.Com
Samsung has sent out the invites for the launch of its latest flagship device this month and it will have a big focus on VR. read more >>> Source : CNBC.Com
MOSCOW, Feb 1 (Reuters) – The Russian state should retain control of strategic companies when privatising stakes in those firms, President Vladimir Putin said on Monday, stressing the sell-offs must… read more >>> Source : Reuters
Further confirmation that the boom times are over in China, with word that manufacturing there contracted in January at its fastest pace in almost… read more >>> Source : EuroNews.Com
Uber doesn’t even have to ask for extra smartphone permissions from drivers; it already has access to all the data it needs from the current version of the app. Drivers in Texas only found out that they were part of the pilot program, and that their speed and braking could be reviewed by Uber, when […]
COLOMBO, Feb 1 (Reuters) – Sri Lankan shares rose for a third straight session on Monday to end at their highest in more than a week led by large-caps, but trading volume slumped to a more-than-one-month low. read more >>> Source : Reuters
The rupee declined by six paise to close at 67.84 against the American currency on dollar demand from banks and importers ahead of the RBI policy meet. read more >>> Source : EconomicTimes.IndiaTimes.Com
Note to editors: This post is coauthored with authorized HuffPo blogger Source: Gurkaynak, Sack, Wright (2006, with updates). Financial markets are global, so it would be very strange if this decline in real interest rates were just a local U.S. phenomenon. That is, because capital can flow easily across borders–especially those of advanced economies–risk-free real […]
The latest version of the default web browser on Samsung’s Android phones will allow users to install ad-blocker extensions. read more >>> Source : BBC
For young people working hard on Wall Street, it’s easy to get caught up in the daily grind and lose sight of what’s important. But one successful young Wall Streeter told Business Insider how crucial it is to regain that perspective. Michelle Domanico, a principal in credit at investment giant KKR, has seen financiers young […]
Is Ho Chi Minh City the fastest-aging nation in recorded history? Those who think Japan or Finland has the fastest aging population might be shocked to know that Vietnam ranks number one. It will take a little more than 15 years for the share of Vietnamese aged 65-plus to go from 7 to 14 percent […]
Amari Havodda Maldives, a 120-villa private island hideaway located in the pristine Gaafu Dhaalu Atoll, has opened to guests. A lush tropical paradise in a secluded part of the Indian Ocean, Amari Havodda Maldives is situated within one of the largest atolls in the world, enveloped by stunning nature with tropical greenery, turquoise lagoons and […]
Oprah Winfrey really loves bread and she has the expanded bottom line to show for it. read more >>> Source : BankRate.Com
No Man’s Sky’s amazing infinite universe is coming to PS4 and PC soon – it’ll take you 585 billion years to explore all of its planets! Here’s what you need to know about the No Man’s Sky UK release date and gameplay features, plus video trailers. read more >>> Source : PCAdvisor.Co.Uk
Nigeria is holding talks with the World Bank to help it fund a forecast $11bn (£7.7bn) budget deficit as it copes with falling oil revenue. read more >>> Source : BBC
BEIJING, Feb 1 (Reuters) – China’s leading airlines joined forces on Monday to blacklist rowdy passengers who have become an increasing problem as the number of travellers grows. read more >>> Source : Reuters
Microsoft thinks its Project Natick submarine datacenters could be the answer to cleaner, low latency cloud services in the future. read more >>> Source : ZDNet.Com
North Carolina-based fund manager Mark Yusko, the chief investment officer of $3.7 billion Morgan Creek Capital Management, revealed the 10 things he thinks could surprise the market in 2016. He shared his predictions in a presentation at the Inside ETFs Conference this month in Florida. Among his predictions is that one or more of the […]
LONDON, Feb 1 (Reuters) – The Russian rouble fell on Monday, tracking falling oil prices, while a raft of poor economic data pressured other emerging markets across the developing world, forcing some… read more >>> Source : Reuters
Football fans who access free streams of top matches do so at great risk, a study says. read more >>> Source : BBC
Wales should have its own banknotes to give it equal status with Scotland and Northern Ireland, Plaid Cymru has said. read more >>> Source : BBC
January felt like a very long month for most involved with markets, given the continued worries regarding China and the volatility seen in many asset markets. Friday’s move by the Bank of Japan proved to be the icing on the cake, although its eventual impact on the economy is likely to be a lot more […]
LONDON, Feb 1 (Reuters) – Markets got February off to a cautious start on Monday after a rocky January, as expectations of more cheap money from some of the world’s top central banks were validated… read more >>> Source : Reuters
BBC Click talks to the team behind a “social cinema” film. read more >>> Source : BBC
(Reuters) – How much is Google-parent Alphabet Inc spending on “moonshots” – self-driving cars, glucose-monitoring contact lenses, Internet balloons and other ambitious projects? read more >>> Source : Reuters
Chinese police arrested 21 employees at China’s largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. State media outlets reported the arrests late Sunday. State broadcaster CCTV aired purported confessions from two former employees at Ezubao, an Anhui Province outfit […]
European stock markets were steady on Monday, as a rise in the shares of major banks such as Bankia offset a fall in the telecoms sector after Nokia settled a dispute with Samsung. The pan-European FTSEurofirst 300 index, whose 6 percent fall in January was its worst monthly drop at the start of a year […]
Many Canadians who got deals on U.S. homes when the loonie was high are now rushing to sell them to cash in on a double bonus: rising U.S. house prices and the tanking loonie. read more >>> Source : CBC.Ca
The oil market has been on a tear for the past week. The WTI price, a benchmark for oil, is back above $33 a barrel after touching lows below $28. The market is speculating over whether the OPEC nations, which control most of the world’s oil, are planning on an output cut. It was enough […]
A government minister has insisted that letters sent to women informing them of changes to their state pension age were clear. read more >>> Source : BBC
Chinese police arrested 21 employees at China’s largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. read more >>> Source : CTVNews.Ca
MOSCOW, Feb 1 (Reuters) – Annual inflation in Russia probably fell below 10 percent in January, Interfax news agency quoted Russian Economy Minister Alexei Ulyukayev as saying on Monday. read more >>> Source : Reuters
Rolls-Royce announces a $2.7bn (£1.9bn) order to manufacture and service Boeing 787 Dreamliner engines for Norwegian. read more >>> Source : BBC
* Nokia, Alcatel-Lucent shares both drop 10 pct (Adds share reaction, analyst comments) read more >>> Source : Reuters
BEIJING, Feb 1 (Reuters) – A former BMW AG executive will lead the electric car joint venture of Taiwan’s Hon Hai Precision Industry Co Ltd, China’s Tencent Holdings Ltd and China Harmony Auto Holding Ltd, the company said on Monday. read more >>> Source : Reuters
It’s PMI day in Europe, meaning that we get a good look at how the continent’s manufacturing sector performed in the first month of 2016. PMI readings give industry a score between 0-100, with anything above 50 signalling growth, and anything below showing a contraction. On Monday morning, we’re expecting data from Italy, France, Germany, […]
As the Chinese economy slows down and the renminbi devalues, people are pulling their money out of China. But it’s not until you see how much money is fleeing China that you realise just how dramatic the intensity of capital flight has become. Here is a chart from CLSA, in billions: That’s more than $200 […]
Chinese police arrested 21 employees at China’s largest online finance business on suspicion of fleecing 900,000 investors for $7.6 billion, in what could be the biggest financial fraud in Chinese history. read more >>> Source : CBC.Ca
When it comes to trading, you may very well be your worst enemy at times. Right before you get into a trade, you are level-headed, calculating, and pragmatic. You analyze the various scenarios and make a no nonsense decision. Then the trade goes live and you turn into the kid in front of the ice […]
BT reports a “standout quarter” with pre-tax profits up 24% to £862m in the three months to the end of December read more >>> Source : BBC