INVESTMENT

IBTimes Logo

Small is beautiful for buyout returns

Mega buyout funds have been a bad bet over the past year, generating the worst returns when compared with small and mid-market funds, a study by research firm Preqin said on Tuesday.

Wall St lower on earnings, bank jitters

IBTimes Logo
U.S. stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts.

Google's investment arm to grow partner ranks

IBTimes Logo
Google Inc's venture capital arm, Google Ventures, is bringing more partners onboard as the $100 million fund seeks to build upon the eight investments it has made in companies since its launch last spring.
IBTimes Logo

Vietnam gold exchanges are like 'casinos'

Days after the Vietnam government announced the closure of some 20 gold exchanges operating in the country, investors have abandoned the gold trading floors and turnover in the bourses has plunged. Early this month, Vietnam's central bank-the State of Bank of Vietnam-asked all the gold exchanges to shut shop by March 31. Vietnam has around 20 gold trading floors where investors could deposit a small fund and then trade 14 times the value of their initial investment.
More news
IBTimes Logo

SEC seeks fresh charges against BofA

The U.S. Securities and Exchange Commission is seeking to charge Bank of America with failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote on the merger between the two companies.
IBTimes Logo

Obama, Cuomo target Wall Street bonuses

The White House and New York's top prosecutor attacked excessive Wall Street bonuses, as the nation's biggest banks prepare to hand out awards critics say were made possible by taxpayer bailouts.
IBTimes Logo

Cuomo seeks 2009 bonus data from Wall Street

New York's attorney general asked eight major U.S. banks to turn over data on planned bonuses for 2009, amid a growing public outcry over payouts in light of the industry's role in the near-collapse of the financial system and recession.
IBTimes Logo

Wall Street bonuses in Cuomo's sights

Controversial Wall Street bonuses will be in focus on Monday as New York Attorney General Andrew Cuomo plans a midday announcement on the payouts.
IBTimes Logo

Wall Street to rise on China trade data

Stock index futures rose on Monday as China's stronger trade figures stoked optimism in the global recovery and as investors anticipated a profitable earnings report from Alcoa Inc .
IBTimes Logo

Stock futures up after China import data; eyes on Alcoa

Stock index futures rose on Monday after China's strong import figures stoked optimism about world economic recovery as investors awaited earnings from Alcoa Inc , which traditionally marks the kickoff of the U.S. quarterly earnings season.
IBTimes Logo

Stock futures signal gains; eyes on Alcoa

U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.45 percent at 4.15 a.m. EST.
IBTimes Logo

Forte in talks for Goldman's Shanghai property: sources

Chinese property developer Shanghai Forte Land Co Ltd is in talks to buy a high-end residential property in Shanghai from Goldman Sachs in a deal worth more than $200 million, two people familiar with the situation said.
IBTimes Logo

Goldman weighs expanding charity program

Goldman Sachs Group Inc may expand a program that would require executives to give a part of their pay to charity, as it looks to cool public anger over compensation, the New York Times reported on Sunday.
IBTimes Logo

China to pick brokerages for margin trade, short selling: report

Eleven Chinese brokerages including Citic Securities Co and Haitong Securities Co will vie to be included in a pilot program for margin trading and short selling following a nationwide test run in 2008, the China Securities Journal reported on Monday, citing an unidentified regulator.
IBTimes Logo

Yen reclaiming carry trade as U.S. bond yields rise

The recent spike in U.S. bond yields, coinciding with a rally in the dollar against the yen, is flagging a return to the yen to fund carry trades -- the risky strategy of using a low-yielding currency to purchase assets in higher-yielding currencies in the search for better returns.
IBTimes Logo

UBS whistleblower in prison, court rules on files

The chief whistleblower in the UBS AG tax secrecy probe entered prison to serve a sentence he considered unfair, hours after a Swiss court ruled the bank should not have been forced to turn over client files to government investigators.
IBTimes Logo

BofA says bonuses will rise, but no record payouts

Bank of America Corp will likely pay some employees at its investment bank at levels significantly above last year, although there will be no record payouts, a spokesman for the bank said on Friday.
IBTimes Logo

Dow, S&P slip after jobs data; Nasdaq rises

The Dow and the S&P 500 edged lower on Friday from 15-month highs after hopes for a quick turnaround in the labor market were knocked by an unexpectedly weak employment report.
IBTimes Logo

RBS sells non-core fund units to Aberdeen

Royal Bank of Scotland (RBS) has agreed to sell non-core asset management businesses to funds firm Aberdeen as part of its overhaul following the government rescue.
IBTimes Logo

SL Green wins downtown Manhattan office building

New York office landlord SL Green Realty Corp on Friday will become the owner of a 21-story downtown office next to the World Trade Center site, following a foreclosure auction after the prior owner, Sapir Organization, defaulted on the mortgage.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.