2013 Nobel Prize winner and University of Chicago Professor Eugene Fama told Reuters that the world's economy is in danger of a potential global recession next year due to the high debts incurred by governments in the US and Europe.
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Startups in food tech develop products to replace basic staples like eggs
Food-related companies like Hampton Creek Foods are seeing a rise in financial support from private equity firms and angel investors in the past few months to develop plant-based alternatives to food like eggs.
Money manager details five reasons why hedge funds' performance was at its worst this year
Bloomberg columnist and money manager Barry Ritholtz said in his column on Bloomberg that the hedge fund industry is saturated with too many funds that are performing fairly and charge high fees in return for their services.
Advocates may reinstate Glass-Steagall if Volcker Rule could not curb risky bets
As the Volcker rule for banking and trading is being wrapped up by five US government agencies, politicians and advocates of the controversial Glass-Steagall legislation intended to push a revival of a version of its favored banking act should the former fail to curb risky betting by US banks.
Ex-Perry Asia Head nabs USD1.1 billion for his new distressed-assets fund - sources
The second fund, which is run by former regional head of New York-based hedge fund Perry Capital LLC Alp Ercil, is targeting to raise USD1.1 billion to invest in distressed assets in Asia.
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Sources disclosed to Reuters that billionaire hedge-fund manager John Paulson's strategies adopted this year for Paulson & Co saw gains in his credit, merger and Recovery funds.
Chief Executive Officer John Donahoe of eBay Inc said in an interview with Emily Chang on Bloomberg Television that the use of drones to deliver products to consumers is a fantasy.
Former Goldman Sachs Group Inc trader Matthew Taylor was given a prison term of nine months for concealing an unauthorized USD 8.3 billion trading position in 2007.
In a rare interview, former head of Fidelity's Magellan Fund and mutual fund legend Peter Lynch shares his thoughts on investing in a rare interview on Bloomberg TV with Charlie Rose.
The late Nelson Mandela's economic legacy in South Africa will be challenged as the country has yet to reduce its high unemployment rate and inequality in races.
The rally of Corpbanca's high-grade bonds in the merging markets indicated investors' demand for the Chilean bank to find a buyer soon. Corpbanca is run by Chilean billionaire Alvaro Saieh.
The GBP875,000 loan extended by property and technology entrepreneur Andrew Ruhan to his brother Gabriel, who runs Strategic Natural Resources, was intended to pay off creditors.
The respect for the late politician and ex-president of South Africa Nelson Mandela was evident in the business sector, as trading and banks postponed their businesses to acknowledge Mandela's passing.
The Johannesburg Stock Exchange Index and other financial markets in South Africa saw little change regarding the passing of former president and political champion Nelson Mandela.
