Homepage >>>

    Arcapita Has Interim Approval for Fortress Financing

    Arcapita Bank BSC, a Bahrainian investment bank reorganizing in New York, received interim approval from the bankruptcy court on Dec. 7 to borrow $25 million from a $150 million loan provided by Fortress Credit Corp. There will be a final hearing on Dec. 18 for approval of the remainder of the loan. The loan will comply with Islamic [...]

    Fiscal Cliff & Debt Primer

    View our exclusive supplement here. Please note this was published exclusively to paid subscribers of Bloomberg’s Economics Brief last week and is one example of the cutting edge analysis provided by our dedicated group of economists.

    SAIL to Seek Long/Short, Relative Value Funds

    SAIL Advisors Ltd., the $2 billion Hong Kong-based fund of funds that aims to expand in North America, is searching for strategies including long/short credit, relative value and long/short equity hedge funds for allocations next year, according to Wayne Yi, a senior analyst. SAIL prefers “less established” managers with less than $1 billion in assets, Yi, who is based [...]

    Low-Wage Industries Continue to supply Most new Jobs

    The economy added 146,000 nonfarm payroll jobs last month, considerably stronger than the Bloomberg consensus forecast of 87,000 jobs created. Unfortunately, this job creation is overwhelmingly limited to low-wage sectors, continuing the trend established in the early stage of the recovery which is compressing the level of average hourly earnings to its lowest level on record. The recovery will continue to wane as long as [...]

    Monti Quits, Greek Debt, German Trade, Google

    WHAT TO WATCH: Mario Monti told Italy’s head of state he has lost lawmakers’ support and will resign, while Silvio Berlusconi announced plans to return to power. Greece is close to its debt buyback target, an official said. German October exports rose 0.3 percent. Industrial output in France (7.45 a.m.) and Italy (9 a.m.) probably fell, surveys show. Click here [...]

    Middle East’s Budding Youth Need Green Jobs

    The United Arab Emirates and other Middle Eastern countries are seeking to diversify their fossil-fuel-based economies as a way to secure future jobs for the region’s burgeoning youth population. Click here to continue reading.

    Healthcare Finance: Celgene, AMAG, Takeda Present Hematology Data

    Several key presentations will be made at the American Society of Hematology (ASH) annual meeting in Atlanta, Georgia on Dec. 8-11. On Dec. 11, Celgene will present progression free survival (PFS) and overall survival (OS) data from the MM-003 study, a pivotal Phase III trial that tested pomalidomide in refractory resistant multiple myeloma. The drug [...]

    Brokers to Disclose Bonuses Under Finra Plan

    Brokers would have to tell customers about recruiting bonuses and other compensation arrangements they earn when moving to a new firm, under a plan the Financial Industry Regulatory Authority voted yesterday to put out for comment, according to a person familiar with the meeting. Click here to continue reading this sample article from Financial Regulation.

    Employment Report to Show Effects of Hurricane Sandy

    The November employment report will require more interpretation than usual to account for both the impact of Hurricane Sandy and the changes in industry hiring trends that are behind the recent improvement in jobs gains. The hurricane affected an area responsible for about 16 percent of overall U.S. output. Click here to continue reading.

    Whale’s Trade in Comeback as Junk Fervor Fades

    Nine months after the JPMorgan trader known as the London Whale amassed credit-derivatives bets that sparked $6 billion in losses for the bank, rivals from Bank of America to Morgan Stanley are recommending one of his main strategies. Morgan Stanley analysts included among their top 13 trades for 2013 a bet that the cost of credit [...]

1 2 3 54 55 56 57 58 59 60 72 73 74

Bloomberg BRIEF Newsletters