Asian stocks dropped on low trading volume as commodity producers followed fall in industrial metals and crude oil. Investors and institutions are in the wait and watch mode ahead of US Fed's meeting in December.
Investors
Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement
Despite the International Monetary Fund recent inclusion of the yuan or Renminbi in their basket, rich Chinese men are selling their money for other currencies, because they know that China's economy continues to slow down.
US billionaire Douglas Tompkins dies in kayak accident in Chile
Adventure brand and Esprit owner and co-founder of the North Face outdoor company, Douglas Tompkins, died in a kayaking accident in Chile. He spent a large percentage of his wealth on environmental conservation.
10 Wealthiest U.S. Presidents
Being President of the United States is the large role to fill as the most powerful man in the world. With that power and title, of course comes, great wealth and fame, whether from a widely well-received tenure or one of great criticism.
Alibaba's Jack Ma eyes South China Morning Post
Alibaba founder Jack Ma is planning to venture into the publishing sector as news circulated that the e-commerce tycoon will be buying some stake in Hong Kong's South China Morning Post.
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Respected investor and web-browser pioneer, Marc Andreessen who is also the owner of a joint venture firm, Andreessen Horowitz had sold nearly 75 percent of his stake in Facebook ahead of the holiday season. According to the regulatory filings, the total shares sold by Andreessen is about $160 million.
After a Paris devastating terror attack by Islamic State on Friday night, global market reacted to the event. US and European stock slid slightly, and so are markets in other parts of the world. However, global market resilience have increased to show their strength against terrrorism.
The stock market crash this summer drove US investors towards safe haven investment. The US investors started buying gold bars and coins in the wake of August meltdown.
'Blood Diamond' Actor Leonardo DiCaprio and 10 billionaires invested in the Santa Clara-based startup Diamond Foundry. It is a company that ambitions to produce diamonds in a lab that are equal in quality with natural gems without the exploitation that mining industries impose.
Warren Buffet's Berkshire Hathaway more than doubled its profit in the third quarter mainly due to a $4.4 billion gain from the merger between H.J. Heinz Co and Kraft Group Inc.
Goldman Sachs sold 1.3 million shares from Valeant on Thursday, which the pharmaceuticals company was holding as collateral for its CEO, Michael Pearson.
The US currency is surging again, but this time with support from the interest-rate market. The US dollar rally registered its strongest gain during the past six months against Euro as two-year dollar interest rate swaps shot over those in the shared-currency area.
U.S. jobs rate shows highest employment rate in seven years and dollar stays at seven month high. While Japanese and Chinese shares up, Asian stock markets were mixed as condition supports the case for Feds rate hike in December.
The week long trade expo celebration in Havana, Cuba brought it some 50 American businesses, but most of these firms still have no idea how to earn money in the communist-ruled country with a population that has minimum purchasing power.
