A report by former investment banker and Wall Street observer Robert Lenzner highlighted the points why financial markets should welcome the appointment of a conservative and experienced economist like Stanley Fischer a vice chair of the US Federal Reserve.
Finance/Venture
Top official claims to have evidence against Qualcomm over price-fixing - Chinese media
China Daily on Thursday quoted National Development and Reform Commission's (NDRC) anti-price-fixing bureau Xu Kunlin, who said his agency has substantive evidence to prove that chipmaker Qualcomm Inc is involved in price-fixing acts.
Economic woes in Russia are home-grown - Putin
At his annual speech at the Kremlin, President Vladimir Putin acknowledged that actions to improve Russia's business climate should be done immediately after finally conceding that the state's economic problems were grown at home.
Mizuho targets hedge funds as Japan bonds trade below value
Mizuho Financial Group Inc were said to be focusing on hedge funds as its potential buyers of corporate bonds at the height of the securities trading at below face values, Bloomberg said in its report.
LifeLock purchases Lemon in $42.6 M deal, launches new Lemon-based Wallet
A joint announcement today revealed that digital wallet platform Lemon will be merging with Identity theft protection service LifeLock in a $42.6 million transaction, which also resulted to a modified digital wallet service platform.
Latest News
EY director Colin Pickard said Bitcoin has the potential to be a game changer in the financial services industry as long as governments start regulating the digital currency.
New York-based Bitcoin fund Bitcoin Investment Trust has raised around $65 million in virtual currency after just two months in operation, according to the fund's founder.
Independent registered investment adviser Savant Capital Management has reportedly agreed to take over Paragon Advisors for an undisclosed sum. The acquisition will reportedly bolster Savant's assets under management to $3.7 billion.
The Irish Times reported that the National Pension Reserve Fund of Ireland or NPRF is believed to be mulling a sale for its private equity investments.
JPMorgan Chase & Co predicts a rise in the value of M&A deals to 30% it expects to handle in Asia next year, according to a Bloomberg report.
A South China Morning Post report said Greenland Hong Kong Holdings Ltd, the real estate arm of China's state-owned Greenland Group, bought a site in Huangpu, Shanghai for CNY5.95 billion or HK$7.59 billion.
Switzerland's biggest bank, UBS AG, will be entering the property market in Australia through a joint venture with local developer Grocon Pty, a Bloomberg report said.
Savings search engine company Chippmunk was able to secure $750,000 for its seed funding round from veteran angel investors in Silicon Valley and Los Angeles.
Global Financial Integrity, a Washington-based group that tracks illicit financial flows from developing countries, reveals that nearly $1 trillion were lost to illicit transactions in 2011.
