Both houses of the Italian parliament swiftly approved the government’s proposal to pump €20 billion into troubled banks (bank bailout). The votes came just hours after Monte dei Paschi di Siena said it will run […]
Sales of previously owned homes in the US shot up in November to their highest level in almost 10 years, according to the National Association of Realtors. The size of the increase suggests home sales, […]
President-elect Donald Trump said he will appoint billionaire Carl Icahn to advise him on how to do away with certain federal regulations. Icahn, whose net worth is estimated to be about $20 billion, was previously […]
Investor optimism is at a nine-year high, with the Wells Fargo/Gallup Investor and Retirement Optimism Index up 17 points this quarter compared with Q3. “Investors are more interested in the markets, but it takes time […]
Monte dei Paschi’s liquidity is expected to run out in four months instead of 11 months as previously forecast, according to an updated document on the bank’s website. The headline doesn’t help as the clock […]
A document being drafted by the European Parliament warns that UK hedge fund managers could lose access to the European market after the UK pulls out of the EU, even if Britain has substantially the […]
Saudi Arabia is poised to make major investments in solar and wind energy to bring down the amount it spends for oil-fired electric generation, industry experts say. The kingdom burns more oil to generate electricity […]
Preliminary discussions are underway between Hong Kong and Chinese officials that could create a connection to simplify and accelerate bond trading between the jurisdictions, said Norman Chan Tak-lam, CEO of the Hong Kong Monetary Authority. […]
Foreign investors are hindered in obtainment of dollar funding to buy US high-yield corporate bonds because of the rising cost of currency hedges, data from Bank of America Merrill Lynch suggest. Purchases abroad have declined […]
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