Due to stock market corrections, UBS announced that they are adjusting their portfolio Asset allocation strategists from UBS are saying that they are increasing their 'overweight' stance when it comes to equities.
North America
NY DFS to Foreign Reinsurers: Are You Linked to Iran?
NY DFS sent a letter to foreign reinsurers asking if they were linked with Iran. The New York's Department of Financial Services sent a letter, dated June 25, to 20 non-US reinsurers of any business transactions they had with entities linked to Iran.
Dwight Howard's Move To Houston A Boon For Comcast
Comcast Houston forecast soaring ratings from Dwight Howard's move to the Houston Rockets Los Angeles Laker Center's Dwight Howard's decision to move for the Houston Rockets signifies a victory for Comcast Corp against Time Warner Cable Inc.
Stocks, Dollar Rally, U.S. Yields Leap On Jobs Data
Last Friday, US stocks jumped by 1% while the dollar rallied and Treasury debt prices decreased. On Friday, US stocks leaped 1% while the dollar rallied and Treasury debt prices decreased.
CFTC Meets for Discussion of New Rule on Swaps
The CFTC would be conducting a formal meeting to discuss its new rule on swaps. The US Commodity Futures Trading Commission (CFTC) announced for a formal meeting on July 12 to discuss how new rules apply abroad.
Latest News
According to a data shown by fund research firm Morningstar, PIMCO Total Return Fund marked its weakest monthly performance last June.
According to analysts, big US banks were caused a multi-billion dollar dent after the selloff in the bond market in the last eight weeks.
Cherin Group and AT&T announced that they have submitted a joint bid for Hulu AT&T Inc and Cherin Group announced that they submitted a joint bid for the auction of the video website, Hulu LLC.
Softbank joins the US wireless market after FCC approval for Sprint bid. Softbank Corp is now in the running to provide American with wireless and broadband telecommunication services.
US regulators finally approved the acquisition bid from SoftBank Corp to take control over Sprint Nextel.
BlackBerry is expected to face tough questions from investors during the annual shareholder meeting as the smartphone maker’s share went down by 28% last week.
Dell Inc’s shares fell more than 3% on Friday after investors grew skeptical if Michael Della and Silver Lake Partners could raise their buyout bid of US$13.65 per share piece.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Italy's biggest bank UniCredit may consider a partnership for its business that manages 42 billion euros ($54.
Dell's share values fell 3% as investors become more skeptical as to the financing of the Dell-Silver Lake offer.
