Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
NEW YORK - U.S. stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
U.S. stock index futures pointed to a lower open on Wall Street on Monday for the last session of the month, with futures for the S&P 500 down 0.78 percent, Dow Jones futures down 0.77 percent and Nasdaq 100 futures down 0.87 percent at 0825 GMT (4:25 a.m. EDT).
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Players in the $1.4 trillion hedge fund industry employ a huge array of tactics in their efforts to maximize returns.
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.
Executives at Swiss banks Julius Baer and Credit Suisse expect to avoid a U.S. tax investigation into their private banking businesses on the same scale as their peer UBS , they told The Financial Times on Sunday.
Investors that bought Citigroup Inc shares should take profits after the U.S. bank's shares climbed almost 100 percent in the last month, Barron's said in its August 31 edition.
France has secured the names and details of some 3,000 suspected tax evaders with Swiss bank accounts in what the budget minister described as a first in its battle against banking secrecy.
TORONTO - Bank of Montreal, one of Canada's top banks, is suing two U.S.-based brokerages and some of their former officers and shareholders for their part in an intricate fraud carried out by the former head of its commodity derivatives group, court documents showed.
Two real estate investment trusts filed for initial public offerings on Friday, bringing to eight the number of applications since early July by REITs created by real estate companies seeking to take advantage of the distressed commercial property market.
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.
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It pays to work in Switzerland: employees in Zurich and Geneva have the highest net wages in the world, a study by banking group UBS shows, while those in India's Mumbai take home the lowest.
CHICAGO - Ample supplies of U.S. soft red winter wheat and lackluster demand for the grain will promote big first-day deliveries against the September Chicago Board of wheat contract on Monday, traders and analysts said.
WASHINGTON - U.S. regulators will examine a controversial practice that allows trading firms to shave valuable microseconds off trading times, the chairman of the Securities and Exchange Commission said on Friday.
The reinvigorated market for initial public offerings has sparked a rash of new filings by prominent companies that have been waiting for years for the chance to go public, setting the stage for potentially billions of dollars in IPOs by the end of the year.
Global buyout firms including Permira and KKR KKR.UL are set to bid for a core Citigroup asset next week in a deal worth more than $1 billion, grabbing a rare opportunity for them to chase big investments in Japan.
Net sales of emerging market funds rose to 15 billion euros ($21.54 billion) in the first half of 2009 as investors returned in droves after pulling out last year, research firm Lipper FMI said.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 stock indexes are up from 0.2 to 0.4 percent, pointing to a higher start when the U.S. markets open on Friday.