money manager

Ex-French PM Tells Court His Wife’s $1 Million Job Was Essential

Ex-French PM Tells Court His Wife’s $1 Million Job Was Essential

Former French Prime Minister Francois Fillon insisted that his wife’s lucrative work as his aide was “essential” when he was a member of Parliament, denying that it was a fake job used to inflate
Crunch Time for Lebanon as Cabinet Decides on Bond Payment

Crunch Time for Lebanon as Cabinet Decides on Bond Payment

Crisis-ridden Lebanon finally has a government again and top of its agenda will be whether to repay a Eurobond maturing in six weeks.
Lebanon’s New PM Tackles Old Debt With Risk, Reward Aplenty

Lebanon’s New PM Tackles Old Debt With Risk, Reward Aplenty

Lebanon’s sky-high bond yields and credit default swap spreads may start to dip if a new government unveiled this week can ease concerns about a sovereign default.
A Waste-Free Economy Catches On at Davos

A Waste-Free Economy Catches On at Davos

Bales of crushed plastic waste sit stacked on a truck trailer at the Petstar PET plastic recycling plant in Toluca, Mexico State, Mexico, on Thursday, Jan. 24, 2019. Petstar recycles 3,100 million
U.S.-China Pact Leaves Currency Watchers Mostly Unimpressed

U.S.-China Pact Leaves Currency Watchers Mostly Unimpressed

Genuine bundles of Chinese one-hundred yuan banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South
A Fraudster Loses to the SEC But Beats the Clock on Penalties

A Fraudster Loses to the SEC But Beats the Clock on Penalties

Money manager Charles Kokesh was supposed to pay back tens of millions of dollars in unlawful gains. But the watchdog caught up with him too late.
The Trade War's Grip on Currency Markets Tightens

The Trade War's Grip on Currency Markets Tightens

Trade tensions between the U.S. and China are starting to pull foreign-exchange markets into the arena. Yet far from embracing their currencies as a weapon, many countries are being forced to take a
Druckenmiller Says Semi-Annual Reporting Would Be ‘Challenging’

Druckenmiller Says Semi-Annual Reporting Would Be ‘Challenging’

President Donald Trump’s idea that U.S. companies report earnings twice a year rather than quarterly would make it more difficult for investors, according to money manager Stanley Druckenmiller.
Trump Ignites Wall Street Debate With His Tweet on Earnings

Trump Ignites Wall Street Debate With His Tweet on Earnings

President Donald Trump brought a long-simmering debate on Wall Street to the surface Friday when he prodded regulators to look into scaling back how often publicly traded companies report financial
Turkey Was Ripe for a Currency Crisis. Will It Spread?

Turkey Was Ripe for a Currency Crisis. Will It Spread?

The country’s plight sparks fears of an emerging-markets meltdown.
Erdogan Defiant While Turkey Slips Toward Financial Crisis

Erdogan Defiant While Turkey Slips Toward Financial Crisis

Turkish President Recep Tayyip Erdogan is showing no signs of backing down in a standoff with the U.S. that rattled markets. As investors worry about Turkey sliding toward a full-blown financial
Russia Blasts New U.S. Sanctions Plan as Ruble Slides

Russia Blasts New U.S. Sanctions Plan as Ruble Slides

Russia threatened to retaliate for a new round of sanctions announced by the U.S., as the ruble and local shares fell amid the spiraling tensions between the Cold War rivals.
South Africa Plans Independent Probe of Biggest Africa Fund Manager

South Africa Plans Independent Probe of Biggest Africa Fund Manager

South Africa will set up an independent inquiry into affairs at the Public Investment Corp., Africa’s largest money manager.
Pakistan Heads Into Its Most Controversial Election in Years

Pakistan Heads Into Its Most Controversial Election in Years

Pakistanis are voting today in a closely fought election that will determine the course of the nuclear-armed nation central to U.S. anti-terrorism efforts and China’s global infrastructure ambitions.
Scaramucci Says His Political Foray ‘Cost Me a Lot’

Scaramucci Says His Political Foray ‘Cost Me a Lot’

Anthony Scaramucci said there’s a "less than zero" percent chance he’ll return to politics and instead aspires to double the assets at his SkyBridge Capital to $20 billion in the next five years.
Not Every Investor Is Buying Into the Cult of Emmanuel Macron

Not Every Investor Is Buying Into the Cult of Emmanuel Macron

As anti-establishment parties gain ground across Europe, French President Emmanuel Macron is seen by many investors as a beacon of hope in the region.
Argentina Raises Rates to 40% After Peso Selloff Prompts Third Abrupt Increase

Argentina Raises Rates to 40% After Peso Selloff Prompts Third Abrupt Increase

Argentina stepped up the fight against the collapse of its currency with a third interest rate increase in one week and the announcement of tighter government spending targets.

Latin America's Most Unpopular Presidency Grinds to Standstill

Earlier this week Brazil’s President Michel Temer called the ten Senate leaders of his ruling coalition to discuss the year’s legislative agenda. Only four showed up.
China’s Economic Numbers Have a Credibility Problem

China’s Economic Numbers Have a Credibility Problem

Suspicions that the country is cooking the books persist despite a government crackdown on cheating cadres.
Russian Billionaire Arrest Jolts Stocks, Fuels Cabinet Shake-Up Speculation

Russian Billionaire Arrest Jolts Stocks, Fuels Cabinet Shake-Up Speculation

The arrest of one of Russia’s best-connected billionaires on charges of fraud and embezzlement knocked shares in his companies lower and fueled speculation it could be the harbinger of a shake-up in