An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut $100 million in expenses, including corporate jets and housing for… Source link
Month: April 2019
As Trade Talks Continue, China Is Unlikely to Yield on Control of Data
Negotiations appear to have done little to resolve an emerging rivalry over data that the tech industry says is key to industries of the future. Source link
Fed Likely to Leave Interest Rates Unchanged as Trump Calls for Cut
The president wants the Fed to cut rates and stimulate the economy. But the Fed appears poised to continue its patient stance at its meeting that ends Wednesday. Source link
Most U.S. small business preparing for a recession: Bank of America survey
Small business owners around the country are preparing for a recession, according to a new survey by Bank of America Corp. Source link
For investors, bloom is off Europe amid Brexit, yellow vest worries
Europe, long a major destination of investor capital, is losing luster, say prominent bankers and asset managers, who are reducing exposure to the area because of concerns about issues ranging from… Source link
Fed's not yet done with U.S. rate hikes, says Guggenheim Global CIO
Federal Reserve policymakers have no reason to change U.S. interest rates anytime soon but will startle global markets by resuming rate hikes rather than pivoting to cuts, according to a leading Wall… Source link
H. Johannes Witteveen, 97, Dies; Steered I.M.F. Through Turbulent Era
As its managing director, he inherited a dispirited International Monetary Fund in 1973 but revived it, in part by tapping into a surge of oil wealth. Source link
Facebook overhauls messaging as it pivots to privacy
Facebook Inc on Tuesday debuted an overhaul of its core social network and new business-focused tools, the first concrete steps in its plan to refashion itself into a private messaging and e-commerce company. Source link
California synagogue shooting casts harsh light on mutual-fund darling Cloudflare
The gunmen accused of attacking U.S. synagogues and New Zealand mosques over the past six months brewed their ideas on online hate sites, pulling U.S. cyber-defense firm Cloudflare Inc into a debate… Source link
Non-majors add $1.5bn to mortgage books
However, APRA figures show stagnation in major bank’s investment lending Source link