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Latest Headlines
Latest Headlines
More funds to act on Sudan?
There was a time when more funds seemed attuned to the international political and ethical implications of their investments. Recall the pressure for companies to divest from countries such as apartheid-era South Africa. We still hear similar calls, but the fund industry itself did not seem to mak
IPOs flop in Hong Kong
There was a lot of talk about all the surge in IPO activity in Hong Kong recently. The actual deals have been disappointing. Glorious Property, a real estate developer, raised $1.3 billion last week, but the stock tanked out of the gate, falling as much as 20 percent, note news outlets. Article
What's behind the IPO boom?
The boom in IPOs has taken on an international flavor. Bloomberg notes that top private equity firms' IPO plans are being driven by the sense that consumers in China will keep up their heady spending habits. Four companies in which Carlyle invests are planning to hold IPOs in China and Hong Ko
More on Goldman Sachs' principal investing prowess
We noted recently that Goldman Sachs may be returning to its earnings-minting ways, which would be a good thing for shareholders, of course. In particular, I wondered when we'll see they day when Goldman books one major gain on a principal investment per quarter--the way it used to.
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Banks lose on China real estate
China once beckoned to big Western banks as a mecca for quick profits. This is well exemplified by the Evergrande Real Estate Group, in Hong Kong. The likes of Merrill Lynch and Deutsche Bank rushed to lend the land acquirer more than $400 million. They wanted a quick, gold-rush sort of IPO. Back
Criminals outsourcing hacking abroad?
Are hack pump-and-dump brokerage fraudsters going global to evade the law? It's tempting to think so, after a hacker from India was sentenced to two years for such a scheme. The Indian national who
More Wall Streeters head abroad
Is it time to volunteer to go overseas? It might not be a bad idea, though the thought of uprooting your family for the Middle East or Latin America might not strike everyone as a great adventure. The New York Times reports that banks are moving more employees abroad, including top executives,
C&L: Aaron Tan joins Barclays to head Hong Kong coverage
Cowen hires David Ketsdever as Head of Technology Investment Banking.
Why did Fidelity sell its PetroChina ADRs?
A movement to force big mutual funds and institutions to divest from companies that activists feel are not worthy of U.S. investment dollars has had limited success as of late. But Fidelity
Nasdaq vs. NYSE battle spreads to China
There's a new front in the battle of the top U.S. exchanges. Both have trained their considerable marketing resources on the Middle Country in hopes of bagging the highest quality companies. As
