Reuters - Top hedge fund bosses will debate
whether an upturn in distressed investing or profitable macro
strategies offer 2008's blockbuster trade, just as short
subprime was in 2007, when they meet in Monaco this week.
Reuters - U.S. authorities have sought legal
assistance from Switzerland's Federal Office of Justice in an
investigation into tax evasion through offshore bank accounts
at UBS , Swiss media reported on Sunday.
Reuters - The board of American International
Group Inc was meeting on Sunday to accept the possible
resignation of Chief Executive Martin Sullivan, The Wall Street
Journal reported on its website, citing a person familiar with
the matter.
Reuters - The global subprime crisis has yet
to run its course, the chairman of British bank Barclays Plc
said on Sunday, amid concerns that big lenders will
unveil more credit-related losses in coming weeks.
AFP - World finance chiefs warned on Saturday runaway oil prices could imperil global economic growth, calling on producers to open up the taps and tasking the IMF to investigate wild market swings.
Reuters - The world's richest nations warned
on Saturday soaring commodity prices may slice into economic
growth, but shrank from offering any plan to calm markets or
quell protests over the cost of fuel and food.
AFP - World finance chiefs warned Saturday runaway oil prices could imperil global economic growth, calling on producers to open the taps and for a probe into market swings.
Reuters - Finance ministers from the world's
richest nations warned on Saturday surging commodity prices
threatened economic growth, but shrank from any talk of new
controls on volatile oil and currency markets.
Reuters - Saudi Arabia plans to increase its oil
output in July by some half-million barrels a day, a sign the
country is growing concerned about the impact of high crude
prices on the global economy, The New York Times reported. -- read full article
Sat, 14 Jun 2008 03:25:22 GMT - Yahoo! News: Business
Reuters - Between chewing sauce-slathered ribs
and corn on the cob, the neighbors and relatives of Wall
Street's top prognosticators had one thing on their mind this
past Memorial Day: gasoline prices.
Reuters - Former U.S. Federal Reserve
Chairman Alan Greenspan said on Friday the Fed will have to
tighten monetary policy to put a brake on inflation, adding
that the worst of the credit crisis may have passed.
Reuters - When Yahoo Inc
turned down the latest offer from Microsoft Corp this
week, it walked away from $9 billion in cash and $1 billion a
year in additional operating profit, Microsoft said on Friday.
AFP - Swiss bank UBS, dramatically hit by the US home-loan crisis, said on Friday it had "successfully" raised almost 16 billion Swiss francs (9.9 billion euros, 15.3 billion dollars) from shareholders through an issue of new stock.
