Tim Leissner, the former star dealmaker for Goldman Sachs in Southeast Asia, is to be banned from Singapore’s securities industry for 10 years over breaches relating to the multibillion-dollar scandal at Malaysia’s troubled state investment fund 1MDB, while Standard Chartered and Coutts have both been fined. Mr Leissner, who joined Goldman in Asia in 1998 and helped raise $6bn for 1MDB with three bond issuances, is being […]
As a microcosm of the wrenches and stresses enterprise services are experiencing, Cognizant‘s week has been pretty fascinating. Last weekend Elliott Management took an activist controlling role in Cognizant, one of the most strategic services firms, with an open public letter to Cognizant’s management essentially chastising them for too much investment in the future and for not squeezing enough money out of the IT services world as […]
Hello Bill, I’ve followed GATA and LeMetropoleCafe since 1999. Following the work of you, Chris and GATA contributors has been most interesting. I follow a lot of media, including many sites not under the control of the Russian government, such as the Wall Street Journal. For an American who is not an insider GATA is the single best source news and analysis of the economy and financial […]
Wells Fargo has changed its boardroom rules to require the roles of chief executive and chairman be kept separate, adding to pressure on other US banks to end the contentious practice of combining the top jobs. The bank, which has been in the spotlight for months over sales malpractice in its branches, had prised apart the two positions when John Stumpf quit suddenly in October. He was […]
By Emily Stephenson | INDIANAPOLIS INDIANAPOLIS President-elect Donald Trump warned on Thursday that U.S. companies would face “consequences” for outsourcing jobs abroad, as he touted his early success in persuading an air conditioner maker to keep about 1,000 jobs in the United States rather than move them to Mexico. “Companies are not going to leave the United States anymore without consequences. Not going to happen,” the Republican […]
A new survey revealed that Apple’s iPhone maintains its place at the top of holiday lists as the most wanted gift. With the holidays fast approaching, it’s time to update you on iPhone 7 and iPhone 7 Plus availability and wait times at Apple online and at retail stores. Almost immediately after Apple opened up presales of the iPhone 7 and iPhone 7 Plus at 12:01 a.m. […]
Gold has suffered its worst month since mid-2013, as the election of Donald Trump, the rising dollar and increased expectations of a US rate rise combined to send prices down 8.1 per cent in November. The fall to $1,173.20 per troy ounce marked the steepest monthly sell-off since June 2013, when the precious metal lost 11 per cent in the wake of the so-called taper tantrum. November’s […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices shot up more than 12 percent, smashing trading volume records, after producer club OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned prices could recede as other producers stand by to fill the gap. The Organization of the Petroleum Exporting Countries (OPEC)agreed on Wednesday its first oil output reduction since […]
New York thief grabs pot of gold off armoured truck – police | Reuters ‘+Reuters.inlinevideo.title+’ ‘+Reuters.inlinevideo.length+’ ‘); } NEW YORK New York police are searching for a green-clad man who swiped an 86-pound (39 kg) pail of gold flakes off an armoured truck two months ago and disappeared with the estimated $1.6 million in treasure. The city’s police department late Tuesday released photos and video of the […]
By Matthew Mpoke Bigg | ACCRA ACCRA Ghana’s main opposition leader Nana Akufo-Addo skipped the country’s only presidential debate on Wednesday, leaving the stage to President John Mahama and four other opponents a week before the election. Aides to the leader of the New Patriotic Party said he decided to stick to his prior campaign commitments, even though it meant missing the chance to present his message […]
Steven Mnuchin made his fortune by swooping in to buy IndyMac, one of the biggest casualties of the mortgage crisis, then selling it for more than twice what he paid five years later. But to Kevin Stein, deputy director of the California Reinvestment Coalition, a housing advocacy group, it sticks in the craw to see him nominated by Donald Trump to serve as the 77th US Treasury […]
Just as horror movies can spook fright nerds more than they expect, so political risk is sparking heightened levels of anxiety among seasoned investors. Investors caught out by Brexit and Donald Trump are making better preparations for political risk in Europe, plotting a route to the exit door if the unfolding story of French, German and Dutch elections poses a serious test for markets. One key measure […]
Shares of Goldman Sachs Group Inc (GS.N) on Wednesday climbed to their highest levels since the financial crisis, as the bank benefited from a post U.S. presidential election rally. The stock reached $220.77 in late morning trading, returning to a point not seen since December 2007. Goldman was the biggest driver for the Dow Jones Industrial Average .DJI adding 56.2 points out of a net gain of […]
Ulster Bank Parent RBS Fails Bank of England Stress Test “Royal Bank of Scotland (RBS)(RBS.L) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year’s Bank of England stress test, which warned of a “challenging” outlook for Britain’s financial system. The state-backed lender rushed out a statement following the announcement to say it would take a range of actions, including […]
The metal-clad Samsung Galaxy J7 Prime which was released in September this year in select Asian markets is now available for purchase in the United States. Announced in August, the Samsung phablet is now listed on e-retailer Amazon and is up for grabs for just $285 plus shipping charges of $4.85. The Galaxy J7 Prime model that is available for purchase in the United States via Amazon […]
Select eye-catching cushions to give your space an easy, affordable upgrade. newslide 1 Go bananas Look for fun, ornamental pieces when accessorising your spare room. This cushion with shiny gold bananas from H&M Home offers a fun mix of frivolity and flair. • Banana cushion, Dh39, H&M Home, Abu Dhabi Mall and Deira City Centre, Dubai newslide 2 Crocodile rock Add a touch of glam-rock to your […]
Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]
Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal when it meets on Wednesday. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC’s de facto leader, Saudi Arabia, and the group’s second- and third-largest producers over the […]
Opec’s most powerful members were rushing on Tuesday to rescue a supply deal designed to end the longest oil price crash in a generation. Saudi Arabia, Opec’s largest producer, and its arch rival Iran have both set out their positions ahead of Wednesday’s ministerial meeting in Vienna, with the kingdom hinting it could walk away from a deal if its conditions are not met and Tehran publicly […]
By Christopher Johnson | LONDON LONDON Oil prices slipped on Tuesday on signs that leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply. The Organization of the Petroleum Exporting Countries will meet in Vienna on Wednesday aiming to implement an agreement outlined in September to cut output by around 1 million barrels per day (bpd), from around 33.82 million bpd […]
With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that “there will be very important announcements tomorrow.” Vice President-elect @mike_pence: There will be very important announcements tomorrow. #NewsAlert pic.twitter.com/VOAXMsBhMa — Fox News (@FoxNews) November 29, 2016 So who will it be? POSTS ALREADY FILLED WHITE HOUSE CHIEF OF STAFF * Republican […]
BARTELLA, Iraq: Iraqi special forces battling to clear Daesh from eastern Mosul have killed nearly 1,000 militants but fighting has slowed as troops face a mobile enemy hidden among thousands of civilians in the city, a top commander said. Six weeks into a major offensive, Iraqi forces have captured nearly half of eastern Mosul, moving from district to district against militant snipers, suicide attackers and car bombs.Elite […]
The persistent notion that Mr. Castro’s fastball had made him a potential big league prospect has long been debunked by historians. By many accounts, his primary sport as a schoolboy was basketball. He was tall, at 6-foot-2 or 6-foot-3, and he told the biographer Tad Szulc that the anticipation, speed and dexterity required for basketball most approximated the skills needed for revolution. Yet it was primarily baseball, […]
Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]
