Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
Investors
Source: CFTC close to a deal on cross-border policy
CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.
Oriens: US$30 million merger/acquisition, a future possibility
According to Oriens, a US$30-million merger/acquisition was a future possibility. Oriens Travel & Hotel Management Corp. (OTHM) announced that the FROL Booking Engine exceeded the company's expectations.
China to hand over audit documents - Treasury Secretary
Jack Lew, US Treasury Secretary, confirmed that Chinese regulators will be handing over documents about US listed companies based in China; a move that may dissolve disagreement about several accounting scandals.
Neptune increases stake in Acasti Pharma Inc.
Neptune increased its stake in Acasti Pharma Inc. Neptune Technologies & Bioressources Inc. announced Friday its acquisition of 6,750,000 Class A common shares from Acasti Pharma Inc.
Latest News
US venture firm fundraising activity decreased 54% in the second quarter this year. There was a decline of 54% in fundraising by US venture-capital firms in the second quarter.
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
According to data from Reuters, adviser departures in 2013 were lower than 2012. There were about 200 teams of veteran advisers who moved so far this year until the end of June.
India's commerce and industry minister, Anand Sharma, said that India was ready to begin talks regarding bilateral investment treaty.
Leaps's average 1,320 contracts per day climbed to 7,139 contracts which raised questions from options analytics.
Merrill Lynch offices in New York and Washington D.C. hired advisers from rival, Morgan Stanley. Bank of America Corp's Merrill Lynch hired veteran brokers from its rival, Morgan Stanley Wealth Management.
According to Michael Steinberg's lawyers, his trial might be biased due to the wall-to-wall media coverage.
JPMorgan Chase & Co. and Wells Fargo & Co., lost US$6.5 billion in combined equity that threatened levels of capital across the industry.
According to sources, signing and enactment of Colombian pension fund decree may be delayed. Colombia's Finance Minister, Mauricio Cerdenas, may announce that the signing of the pension fund decree could be delayed, according to high-level government and industry sources.
