Online video games maker Changyou.com Ltd soared in its trading debut on Thursday, with shares up nearly 36 percent, putting it on pace for the most successful stock launch in nearly a year.
Despite stimulus funds assigned for clean energy around the world, global new investment in clean energy plunged more than 53 percent in the first quarter of 2009, research group New Energy Finance said on Thursday.
Chinese online gaming firm Changyou.com Ltd priced its $120 million Nasdaq IPO at the top of its indicated range on healthy investor demand -- a rare sign of life in a long-moribund market for new issuance.
Stock futures pointed to a higher open on Thursday on optimism the G20 meeting underway in London will agree on ways to temper the economic crisis.
Shares of HSBC vaulted over 15 percent in Hong Kong in their biggest daily advance in five months on Thursday, joining a global bank rally spurred by encouraging U.S. data and an expected easing of accounting rules.
Shares of HSBC vaulted more than 10 percent to a one-month high on Thursday, feeding off a rally in Wall Street banks, spurred by encouraging U.S. homes sales and an expected loosening in accounting rules.
Asian stocks rose on Thursday, with investors seeing a sliver of hope the U.S. economy has bottomed, while the euro edged up before a European Central Bank meeting at which rates may be cut for the last time in a while.
The U.S. Justice Department has opened about 100 criminal investigations into wealthy American clients of the Swiss bank UBS AG , the New York Times said, citing a person briefed on the matter.
Goldman Sachs analyst said Wednesday, Web-based software provider to sell Saleforce shares and VMware Inc to buy as the companies faces slowing IT spending.
Fortis was set on Wednesday to postpone a shareholder vote on the sale of its former banking arm to BNP Paribas, casting fresh doubt over whether it can complete the deal.
UBS AG's new chief executive hired a former colleague from rival Credit Suisse on Wednesday to lead a cost-cutting drive at the loss-making Swiss bank.
Asia's banks are likely to step in with loans and boost their presence across the region as the credit crisis has forced big Western rivals to retreat.
Swiss bank UBS AG appointed former Credit Suisse executive Ulrich Koerner as chief operating officer to oversee a drive to centralize group services, aiming to cut costs and boost profits.
Patrick Mortimer, head of Morgan Stanley's (MS.N: Quote, Profile, Research, Stock Buzz) U.S. prime brokerage business, resigned this week amid declining assets and profits of hedge fund clients that make up the division's client base, the Wall Street Journal said, citing people familiar with the matter.
Stocks climbed on Tuesday, driving the S&P 500 to its best month since October 2002, as investors snapped up top-performing bank and technology shares as the first quarter came to an end.
J.P. Morgan Securities forecast global wholesale and investment banks to incur additional pretax writedowns of $17 billion for the rest of 2009 to reach mark-to-market valuations of structured credit assets.
Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) is close to raising $6 billion for a new global property fund, falling short of its earlier target of $10 billion, sources with direct knowledge of the plan said on Tuesday.
A U.S. regulator has ordered Merrill Lynch & Co to pay close to $40 million after its Advest unit advised an endowment to buy a stake in a fund affiliated with the collapsed commodities broker Refco Inc.
U.S. mutual fund giant Vanguard is introducing a clutch of low-cost investment products in a move that could shake up the UK retail fund market and pension provision, a senior executive said on Tuesday.
Barclays is in exclusive talks to sell its iShares asset management unit to CVC Partners for about 3 billion pounds ($4.3 billion), a person familiar with the situation said on Tuesday.
Fortis NV (FOR.BR: Quote, Profile, Research, Stock Buzz) said it has a viable future as an insurance group on Tuesday after plunging to a 28 billion euro ($37 billion) net loss in 2008 on the state takeover of its troubled banking activities.
Google Inc is forming a $100 million fund to invest in early-stage start-up firms. The fund will operate as a separate entity and will seek investment opportunities to maximize returns rather than looking for investments that strictly fit with Google's strategic vision.
