Tag: Capital

  • Venture capital firm uses AI to seek out start-ups across Europe

    Venture capital firm uses AI to seek out start-ups across Europe

    [ad_1] LONDON (Reuters) – A London-based venture capital firm that uses artificial intelligence to find promising start-ups across Europe said on Tuesday it had raised 53 million euros (£46.6 million) for its biggest fund to date. InReach Ventures was founded by Roberto Bonanzinga and John Mesrie, both previously at Balderton Capital, and Ben Smith, formerly…

  • Morgan Stanley buying Calgary-based Solium Capital for $1.1 billion

    Morgan Stanley buying Calgary-based Solium Capital for $1.1 billion

    [ad_1] ​U.S. bank Morgan Stanley has signed a deal to buy Calgary-based Solium Capital Inc. in a cash deal valued at about $1.1 billion. Under the agreement, Morgan Stanley will pay $19.15 per share for Solium, which helps companies manage employee stock plans. Solium shares closed at $13.36 on the Toronto Stock Exchange on Friday.…

  • Google’s capital expenditures doubled in 2018

    Google’s capital expenditures doubled in 2018

    [ad_1] Google’s capital spending is growing much faster than its revenue. Alphabet said in Monday’s earnings report that Google’s capital expenditures, which include the costs of data centers and other facilities, more than doubled in 2018, that fastest expansion in at least four years. While the vast majority of Google’s revenue comes from advertising, the…

  • ‘Bond King’ Bill Gross to retire from Janus Capital

    ‘Bond King’ Bill Gross to retire from Janus Capital

    [ad_1] William H. Gross, the colourful bond investor who once controlled the world’s largest mutual fund, is closing his professional career of more than 40 years and retiring to focus on managing his personal assets and private charitable foundation. Gross, 74, was nicknamed the “Bond King” after co-founding the investment firm Pimco in 1971 and…

  • IBM, Capital One and more

    IBM, Capital One and more

    [ad_1] Check out the companies making headlines after the bell: Shares of IBM jumped as much as 7 percent in after hours trading following the release of their better-than-expected fourth-quarter earnings on Tuesday. The company beat on its top and bottom lines. Quarterly revenue was $21.76 billion vs. the $21.71 billion estimated by Wall Street.…

  • Sorrell’s S4 Capital seeks more deals in digital-only drive

    Sorrell’s S4 Capital seeks more deals in digital-only drive

    [ad_1] MUNICH (Reuters) – Martin Sorrell is on the lookout for acquisitions to expand his new advertising venture S4 Capital, aiming to capitalize on the disruption sweeping the industry by pursuing a pure-play digital strategy. FILE PHOTO: Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June…

  • Cyber thieves make off with hundreds of thousands of dollars in attack targeting Coast Capital Savings

    Cyber thieves make off with hundreds of thousands of dollars in attack targeting Coast Capital Savings

    [ad_1] Coast Capital Savings says 140 members had money stolen from their accounts during a targeted cyber fraud attack in November and December of last year.   The credit union doesn’t know exactly how much is missing but said the loss to each victim was “typically in the magnitude of between $3,000 and $6,000,” meaning thieves got away with many hundreds of thousands…

  • Mexico fuel shortage worries industry as lines in capital grow

    Mexico fuel shortage worries industry as lines in capital grow

    [ad_1] MEXICO CITY (Reuters) – Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the shortfalls persist as lines at gas stations in the capital grew on Wednesday. The drive to eradicate a crime that has deprived state coffers of billions…

  • Husky trims capital spending plan for 2019 to $3.4B

    Husky trims capital spending plan for 2019 to $3.4B

    [ad_1] Husky Energy Inc. says it plans to spend approximately $3.4 billion on its capital expenditure program next year. The energy company says the total is about $300 million less than it forecast earlier this year and includes spending cuts resulting from Alberta’s mandated oil production cuts and lower global oil prices. The Alberta government…

  • Malaysia furious at Australia’s decision to recognise West Jerusalem as Israel’s capital

    Malaysia furious at Australia’s decision to recognise West Jerusalem as Israel’s capital

    [ad_1] Malaysia has come out strongly against the Australian government’s move to recognise West Jerusalem as Israel’s capital, calling the decision “premature” and a “humiliation to the Palestinians”. But Prime Minister Scott Morrison says it’s a decision for Australia, and wants the nation’s new position to become an election issue if Labor won’t support it.…

  • Australia recognizes west Jerusalem as Israel’s capital

    Australia recognizes west Jerusalem as Israel’s capital

    [ad_1] Australia has decided to formally recognize west Jerusalem as Israel’s capital, but won’t move its embassy until there’s a peace settlement between Israel and the Palestinians, Prime Minister Scott Morrison announced Saturday. Morrison said in a speech that Australia would recognize east Jerusalem as the Palestinian capital only after a settlement has been reached on…

  • Plaid is worth $2.65 billion; The Riveter raises capital

    Plaid is worth $2.65 billion; The Riveter raises capital

    [ad_1] Robotiq, based in Quebec City, announced $31 million CAD (about $23.2 million U.S.) in funding from Battery Ventures. Robotiq makes robotic equipment and software including specially designed, plug-and-play “grippers,” force sensors and camera technology. Tigera, an enterprise cybersecurity company focused on compliance solutions for Kubernetes platforms, closed a $30 million Series B round, led…

  • Train crashes into overpass in Turkish capital, 4 reported dead

    Train crashes into overpass in Turkish capital, 4 reported dead

    [ad_1] A high-speed train hit a railway engine and crashed into a pedestrian overpass at a station in the Turkish capital Ankara on Thursday, killing four people and injuring 43 others, officials and news reports said. The train was en route from Ankara to the central Turkish city of Konya. Ankara Gov. Vasip Sahin said…

  • Capital Gains: Gran Hotel Inglés

    Capital Gains: Gran Hotel Inglés

    [ad_1] Gran Hotel Inglés has been a landmark since it was built in 1853. Cathy Hayward reports on Rockwell Group’s restoration of Madrid’s oldest hotel to its former splendour All Images: Eric Laignel The first hotel to have a restaurant, and on the first street to receive electric lights in Madrid, Gran Hotel Inglés…

  • Breyer sees change in China venture capital returns 

    Breyer sees change in China venture capital returns 

    [ad_1] Dave Zhong | Getty Images  Jim Breyer, Founder and CEO of Breyer Capital, speaks during Fireside Chat on at the East Tech West conference in Nansha, Guangzhou in China on November 28, 2018. Jim Breyer, an early investor in Facebook and the cryptocurrency Ethereum, said he thinks investors should reset their expectations when it…

  • DoubleLine’s Gundlach: Now is the time for capital preservation

    DoubleLine’s Gundlach: Now is the time for capital preservation

    [ad_1] FILE PHOTO – Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds as well as…

  • Capital One buys startup used to price-check while shopping on Amazon

    Capital One buys startup used to price-check while shopping on Amazon

    [ad_1] Capital One has acquired a 4-year-old online-shopping start-up in its latest effort to offer tech services that engender loyalty to the bank’s credit cards. The bank purchased Wikibuy on Nov. 17 for an undisclosed amount, according to executives from Capital One and the Austin, Texas-based start-up. Two million members use Wikibuy to automatically find…

  • At least 40 killed in explosion in Afghanistan capital

    At least 40 killed in explosion in Afghanistan capital

    [ad_1] Afghan officials say a suicide bomber targeted a gathering of Muslim religious scholars in Kabul, killing at least 40 people. Public Health Ministry spokesman Wahid Majroh said another 60 people were wounded in the attack, which took place as Muslims around the world marked the birthday of the Prophet Muhammad. Interior Ministry spokesman Najib…

  • Brexit news: London ‘WILL remain at heart of European capital markets’ | City & Business | Finance

    Brexit news: London ‘WILL remain at heart of European capital markets’ | City & Business | Finance

    [ad_1] Political uncertainty surrounding Brexit has long sparked speculation of banks and big businesses ditching Britain in favour of new financial hubs, including Paris and Frankfurt. JPMorgan and Bank of America are just some of the names who have already established their intent to move some business elsewhere. But Clifford Abrahams, chief financial officer of…

  • Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy

    Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy

    [ad_1] SAN FRANCISCO (Reuters) – Bain Capital Ventures, the venture capital division of the eponymous Boston-based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors. Enrique Salem, managing director at Bain Capital Ventures, in San Francisco, California, U.S., is…

  • Veritas Capital, Elliott to buy Athenahealth for $5.7 billion

    Veritas Capital, Elliott to buy Athenahealth for $5.7 billion

    [ad_1] FILE PHOTO – Jeff Immelt delivers a speech during the opening of a new tower of the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico May 12, 2017. REUTERS/Daniel Becerril (Reuters) – Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc (ATHN.O) for about $5.7 billion,…

  • Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth: sources

    Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth: sources

    [ad_1] Jeff Immelt delivers a speech during the opening of a new tower of the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico May 12, 2017. REUTERS/Daniel Becerril (Reuters) – Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. healthcare software maker Athenahealth Inc (ATHN.O) for…

  • At least 20 killed in suicide bomb attack in Somalia’s capital

    At least 20 killed in suicide bomb attack in Somalia’s capital

    [ad_1] Islamic extremists detonated our bombs outside a hotel in the capital of Mogadishu on Friday afternoon, killing at least 20 people and injuring 17, said police. After the three explosions in front of the hotel, a fourth blast hit as medics attempted to rescue the injured. The suicide bombs detonated near the perimeter wall…

  • NordLB owner Lower Saxony reviewing measures to strengthen bank’s capital

    NordLB owner Lower Saxony reviewing measures to strengthen bank’s capital

    [ad_1] FRANKFURT (Reuters) – German lender NordLB’s chairman Reinhold Hilbers said on Friday the German state of Lower Saxony was reviewing how it could strengthen the public sector lender’s balance sheet after it scored worst among German banks in European stress tests. The bank had a core tier one equity ratio of 7.07 percent under…

  • Austrian banking supervisors call on lenders to bolster capital after stress test

    Austrian banking supervisors call on lenders to bolster capital after stress test

    [ad_1] VIENNA (Reuters) – Austria’s banking supervisors on Friday renewed their calls to the country’s biggest lenders to bolster their capital reserves after Erste Group (ERST.VI) was ranked among the 10 worst performers in a Europe-wide stress test. The European Union’s banking watchdog, the European Banking Authority, published results for 48 banks on Friday in…

  • U.S. House finance chair still hopeful for vote on capital formation bill

    U.S. House finance chair still hopeful for vote on capital formation bill

    [ad_1] WASHINGTON (Reuters) – The chair of the House Financial Services Committee says he is still hopeful the Senate will vote on a bill that would make it easier for companies to raise capital and go public, despite a growing likelihood the legislation has stalled in the upper chamber. FILE PHOTO – U.S. Representative Jeb…

  • venture capital created a ‘bizarre Ponzi balloon’

    venture capital created a ‘bizarre Ponzi balloon’

    [ad_1] Chamath Palihapitiya, one of Silicon Valley’s most outspoken tech investors, doubled down on calling the venture capital and tech start-up economy a Ponzi scheme on Wednesday. In a letter released by Social Capital, his venture firm, Palihapitiya wrote that “the dynamics we’ve entered is, in many ways, creating a dangerous, high stakes Ponzi scheme”…

  • Epic Raises $1.25 Billion In Investment Capital

    [ad_1] Epic Games, the studio behind titles like Fortnite and, well, Fortnite for the foreseeable future, has announced today that they have raised $1.25 billion, with a b, in investment capital. Turns out having the biggest game in the world gets a lot of people to want to give you money in the hopes that…

  • Tesla may not need to raise capital soon: analysts

    Tesla may not need to raise capital soon: analysts

    [ad_1] (Reuters) – Tesla Inc’s (TSLA.O) blockbuster quarterly results and ability to generate free cash-flow wowed Wall Street on Thursday, with several analysts saying the electric carmaker may not need to raise capital soon to boost Model 3 production. A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Solana…

  • Capital One Bank fined $100 million over money-laundering controls

    Capital One Bank fined $100 million over money-laundering controls

    [ad_1] WASHINGTON (Reuters) – A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years. The logo and ticker for Capital One are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New…

  • Suicide attack kills 15 in Afghan capital

    Suicide attack kills 15 in Afghan capital

    [ad_1] A suicide bomber has blown himself up in the Afghan capital on Saturday, killing at least 15 people as voting concluded in parliamentary elections. Voting should have been finished by the time the attacker struck in an area to the north of Kabul, but polling stations were kept open longer than normal to cope…

  • MPs committee calling on Morneau to boost deduction for capital investments

    MPs committee calling on Morneau to boost deduction for capital investments

    [ad_1] Wayne Easter answered the phone in the middle of a quick lunch. The chair of the Commons finance committee was in Winnipeg yesterday with other committee members, listening to submissions on what should be in the next federal budget. Wherever they stop, Easter said, the message heard by committee members is pretty much the same:…

  • Airbnb bill may limit short-term rentals in U.S. capital

    Airbnb bill may limit short-term rentals in U.S. capital

    [ad_1] WASHINGTON (Reuters) – Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter. FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File Photo After…

  • Stock drop of 40% to 50% is fair value: Morgan Street Capital

    Stock drop of 40% to 50% is fair value: Morgan Street Capital

    [ad_1] Investors should brace themselves for a significant stock market correction, as well as a recession in the first half of next year, investor Mark Yusko warned on Thursday. In fact, he says, fair value for equities would be down about 40 percent to 50 percent. However, that doesn’t necessarily mean the stock market will…

  • World War 3 threat: US admiral warns Russia’s missiles could strike ANY capital in Europe | World | News

    World War 3 threat: US admiral warns Russia’s missiles could strike ANY capital in Europe | World | News

    [ad_1] Russian President Vladimir Putin has invested heavily in the Navy increasing their submarine fleet to showcase their strength. Admiral James Foggo, who heads NATO’s Allied Joint Force Command in Naples, expressed his concern about the destructiveness of their submarines and cruise missiles, stating they had the capability to reach “any one of the capitals…

  • Alexis Ohanian’s VC firm Initialized Capital closes a $225 million fund

    Alexis Ohanian’s VC firm Initialized Capital closes a $225 million fund

    [ad_1] Reddit founder Alexis Ohanian has $225 million in fresh funding to back early-stage start-ups through his venture capital firm, Initialized Capital. The firm, co-founded by Ohanian and Garry Tan, announced Tuesday the closing of its fourth fund. It now manages more than $500 million and counts more than 100 portfolio companies. The firm has…

  • Social Capital won’t be a traditional VC firm

    Social Capital won’t be a traditional VC firm

    [ad_1] Chamath Palihapitiya, one of Silicon Valley’s most outspoken investors, has decided he doesn’t want to be a traditional venture capitalist. The founder of Social Capital has adjusted the firm’s investor payouts and sought to advance the company beyond “Stanford MBAs in fleece vests,” Palihapitiya said in an interview with The Information. In a blog…

  • Deals on hold as Russia faces sanctions threats: Renaissance Capital

    Deals on hold as Russia faces sanctions threats: Renaissance Capital

    [ad_1] The Russian economy has been hit by multiple headwinds, and a potential “sanctions bill from hell” by the U.S. could make things worse, according to a Moscow-based investment bank. Facing sanctions threats and caught in an emerging markets rout, Russian stocks — measured by the RTS index — have fallen 11.4 percent this year.…

  • McDonald’s buns maker Aryzta strikes deal with banks ahead of capital hike

    McDonald’s buns maker Aryzta strikes deal with banks ahead of capital hike

    [ad_1] ZURICH (Reuters) – One of the world’s largest bakery companies, Aryzta (ARYN.S), has agreed an underwriting deal with five banks, setting the stage for raising 800 million euros ($928.48 million) in new capital to strengthen its balance sheet. FILE PHOTO: A cheesy champignon angus burger is seen at a McDonald’s restaurant in Hong Kong…

  • Companies worry more about access to software developers than capital

    Companies worry more about access to software developers than capital

    [ad_1] As our global economy increasingly comes to run on technology-enabled rails and every company becomes a tech company, demand for high-quality software engineers is at an all-time high. A recent study from Stripe and Harris Poll found that 61 percent of C-suite executives believe access to developer talent is a threat to the success…

  • Suicide car bombing in Somalia’s capital kills at least 3

    Suicide car bombing in Somalia’s capital kills at least 3

    [ad_1] At least three people were killed, including a child, after a suicide bomber detonated an explosives-laden vehicle outside a district headquarters in Somalia’s capital, police said Sunday. Capt. Mohamed Hussein said the bomber tried to speed through a checkpoint but was stopped by security forces, prompting him to detonate the vehicle near the gate…

  • Lead Edge Capital raises fourth fund for consumer tech investments

    Lead Edge Capital raises fourth fund for consumer tech investments

    [ad_1] Lead Edge Capital, an investor in Uber and Spotify, has raised its fourth and biggest fund so far, with $520 million aimed at investing in growing consumer and technology companies. The new fund boosts total capital under management to $1.5 billion. The firm is also announcing Thursday that former NetSuite CFO Ron Gill is…

  • Home Capital shareholder urges company to buy back its shares

    Home Capital shareholder urges company to buy back its shares

    [ad_1] A shareholder of Home Capital Group Inc. is urging the alternative mortgage lender to spend $60 million to buy back its shares. In a letter to Home Capital chief executive Yousry Bissada, Kingsferry Capital Management Group Ltd. says it believes the company’s shares are undervalued on the stock market. Kingsferry says it owns a…

  • Tesla should raise capital to prevent a negative confidence ‘spiral’

    Tesla should raise capital to prevent a negative confidence ‘spiral’

    [ad_1] Tesla’s finances may be hurt by the negative ramifications of CEO Elon Musk’s controversial plan to take the company private, according to Citi Research. The firm reiterated its “neutral/high risk” rating for Tesla shares, citing the company’s deteriorating balance sheet. “Ultimately, credit risk is a function of confidence, without which a company’s financial position…

  • Einhorn’s Greenlight Capital slashes stakes in Apple, Twitter and Micron

    Einhorn’s Greenlight Capital slashes stakes in Apple, Twitter and Micron

    [ad_1] David Einhorn’s Greenlight Capital has cut its stakes in high-flying technology companies Apple, Twitter and Micron, according to new SEC filings covering positions through the end of the second quarter. The billionaire’s hedge fund reduced its stake in Apple by 486,000 shares, or 77 percent, according to a required 13F filing with the Securities…

  • Kraft Heinz shares fall after 3G Capital trims stake

    Kraft Heinz shares fall after 3G Capital trims stake

    [ad_1] The second-largest Kraft Heinz shareholder sold some of its position in the food company. 3G Capital sold 20.6 million shares in Kraft Heinz Tuesday at a price of $59.85 per share, bringing its stake down 7 percent to 270.1 million shares, according to a securities filing. The private equity firm is the company’s second…

  • Protests over traffic death of 2 students paralyze Bangladesh capital

    Protests over traffic death of 2 students paralyze Bangladesh capital

    [ad_1] Police in Bangladesh’s capital fired tear gas and used batons on Saturday to disperse hundreds of protesting students angry over the traffic deaths of two fellow students, leaving many people injured. Dhaka remained largely cut off from the rest of Bangladesh as buses continued to stop travelling from other parts of the country. The…

  • Home sweet home — what do we want from our capital city?

    Home sweet home — what do we want from our capital city?

    [ad_1] HOBART is now big enough to change but still small enough to care. The rest of the world has discovered what those who live here always knew and now more fully appreciate. The stakes are higher than we can remember and the spotlight is on. As a community, with courage and the support of…

  • Alphabet’s capital expenditures soar amid cloud push

    Alphabet’s capital expenditures soar amid cloud push

    [ad_1] Alphabet‘s capital expenditures in the latest quarter almost doubled, as Google continues to build out data centers for products like its cloud services. In the second quarter, those costs jumped to $5.48 billion from $2.48 billion a year earlier, Alphabet said in its earnings report after the close of trading on Monday. Analysts on…

  • Tim Hortons signs franchise agreement with Cartesian Capital to expand to China

    Tim Hortons signs franchise agreement with Cartesian Capital to expand to China

    [ad_1] Tim Hortons has signed an agreement with a private equity firm to expand in China. Under the exclusive master franchise joint venture agreement announced Wednesday, Cartesian Capital Group will develop and open more than 1,500 Tim Hortons restaurants in China over the next 10 years. Financial terms of the agreement were not immediately available.…

  • Orioles pay tribute to 5 shooting victims at Capital Gazette

    Orioles pay tribute to 5 shooting victims at Capital Gazette

    [ad_1] The Baltimore Orioles paid tribute to The Capital Gazette shooting victims by placing five lilies at the press box seat reserved for the newspaper, and holding a moment of silence before their game Friday night against the Los Angeles Angels. Long-time sports writer John McNamara was among five employees shot to death Thursday in…

  • U.S. bank shares rise on capital return plans after stress test

    U.S. bank shares rise on capital return plans after stress test

    [ad_1] (Reuters) – Shares in the biggest U.S. banks rose on Friday after the Federal Reserve completed its annual stress test giving financial institutions the go-ahead for plans to return capital to investors through dividends and buybacks. FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 28, 2015. REUTERS/Kai Pfaffenbach/File Photo The…

  • Capital developments go through the roof

    Capital developments go through the roof

    [ad_1] Figures from the Ministry of Housing, Communities & Local Government show there was a 16 per cent increase in new-build homes completed in England last year – 163,250 in all. Of those, 8,552 are for sale in London compared to the next highest new-build areas of Merseyside, offering 1,978, and Greater Manchester, with 1,280.…

  • Fed gives 34 banks approval for capital return plans

    Fed gives 34 banks approval for capital return plans

    [ad_1] The biggest U.S. banks announced plans to buy back tens of billions of dollars in stock and hike their quarterly dividends after passing an annual stress test by the Federal Reserve. Wells Fargo said it would more than double its stock buybacks to $24.5 billion and raise its quarterly dividend to 43 cents a…

  • Loop Capital says Amazon’s PillPack deal is warning to pharmacy market

    Loop Capital says Amazon’s PillPack deal is warning to pharmacy market

    [ad_1] Amazon’s acquisition of online pharmacy PillPack is a “shot across the bow” for retail pharmacy chains, said Anthony Chukumba, managing director of Loop Capital markets. On Wednesday, a day before Amazon announced the deal, Loop Capital raised its price target for Amazon to $1,900 from $1,800. Chukumba told CNBC’s Power Lunch on Thursday that…

  • Iranian police fire tear gas as capital again rocked by economic protests

    Iranian police fire tear gas as capital again rocked by economic protests

    [ad_1] Protesters angered by Iran’s cratering economy confronted police officers in front of parliament on Monday, with security forces firing tear gas at them, according to online videos, the first such confrontation after similar demonstrations rocked the country at the start of the year. The unplanned demonstration came a day after protests forced two major…

  • Don’t put capital in risk-based assets right now: Analyst

    Don’t put capital in risk-based assets right now: Analyst

    [ad_1] Now might not be a good time to enter the market with new capital, an investor told CNBC. “We’re going from a Goldilocks economy with low interest rates, low inflation expectations, stellar corporate earnings to an economy that’s full of big bad wolves,” K.C. Mathews, chief investment officer at UMB Bank, said Friday on…

  • Bank investors await U.S. stress test results for capital returns

    Bank investors await U.S. stress test results for capital returns

    [ad_1] NEW YORK (Reuters) – U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual “stress test” late Thursday. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June…

  • Seller cashes in on capital growth with five-bedroom Belmont house

    Seller cashes in on capital growth with five-bedroom Belmont house

    [ad_1] A FIVE-bedroom Belmont property has handed an investor a handy payout after four years of ownership. The house at 18 Cheryl Crescent sold for $545,000 at auction on Saturday to a family that was renting locally. That’s a $178,000 lift in its value since the property was last traded for $367,000 in January, 2015.…

  • Coinbase acquires Keystone Capital to become a regulated broker-dealer

    Coinbase acquires Keystone Capital to become a regulated broker-dealer

    [ad_1] Leading U.S. cryptocurrency exchange Coinbase announced a deal to acquire securities dealer Keystone Capital in a bid to become a fully SEC-regulated broker dealer, the company said Wednesday. “If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry…

  • British court dismisses charges against Barclays over 2008 capital raise

    British court dismisses charges against Barclays over 2008 capital raise

    [ad_1] LONDON (Reuters) – A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays (BARC.L) over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations over the matter. FILE PHOTO: A Barclays sign is seen outside a branch…

  • Home Capital secures cheaper credit line from two Canadian banks

    Home Capital secures cheaper credit line from two Canadian banks

    [ad_1] Home Capital Group Inc. has secured a $500-million standby credit line from two unnamed Canadian banks to replace its more costly emergency funding facility from Warren Buffett’s Berkshire Hathaway Inc. The Toronto-based alternative mortgage lender says its subsidiary Home Trust Company has inked a letter of commitment from two Canadian Schedule 1 banks for…

  • Micron shares to soar nearly 50 percent: RBC Capital

    Micron shares to soar nearly 50 percent: RBC Capital

    [ad_1] Micron shares will thrive this year as its diversified customer base allows to ride out any downturn in the memory chip market, according to one Wall Street firm. RBC Capital Markets initiated coverage on Micron shares with an outperform rating, citing additionally the memory industry’s consolidation to just a few players. “Our bullish bias…

  • Canada’s Olympians, Paralympians celebrated in nation’s capital

    Canada’s Olympians, Paralympians celebrated in nation’s capital

    [ad_1] OTTAWA — Bright, brilliant sunshine cascaded down on Rideau Hall Wednesday morning as a wave of red and white made its way up the driveway. It was time for Canada’s Olympians and Paralympians to be officially celebrated for their achievements at the 2018 Pyeongchang Winter Games.  Students from local schools lined the driveway, waving…

  • Home Capital anticipates mortgage renewal surge as it reports steep profit drop

    Home Capital anticipates mortgage renewal surge as it reports steep profit drop

    [ad_1] Home Capital Group Inc. is anticipating the highest mortgage renewal rate ever in the alternative lender’s history, in the wake of new regulations and company initiatives to stay competitive. Home Capital CEO Yousry Bissada says the Toronto-based mortgage lender is “back in all aspects of our business” despite reporting a 40 per cent year-over-year…

  • Syrian media report Israeli attack near capital Damascus

    Syrian media report Israeli attack near capital Damascus

    [ad_1] Syrian state-run media said Israel struck a military outpost near the capital Damascus on Tuesday, saying its air defences intercepted and destroyed two of the incoming missiles. The reported attack came shortly after U.S. President Donald Trump announced he was withdrawing from the Iran nuclear deal, calling Tehran a main exporter of terrorism in…

  • Intel Capital pumps $72M into AI, IoT, cloud and silicon startups, $115M invested so far in 2018 – TechCrunch

    Intel Capital pumps $72M into AI, IoT, cloud and silicon startups, $115M invested so far in 2018 – TechCrunch

    [ad_1] Intel Capital, the investment arm of the computer processor giant, is today announcing $72 million in funding for the 12 newest startups to enter its portfolio, bringing the total invested so far this year to $115 million. Announced at the company’s global summit currently underway in southern California, investments in this latest tranche cover…

  • Rupee depreciates on higher oil prices, capital outflows

    Rupee depreciates on higher oil prices, capital outflows

    [ad_1] “We believe its troubles are far from over, as several external and internal factors will continue to expose it to considerable weakness in 2018 and beyond,” Prakash Sakpal, Asia economist at ING, wrote in an April note. The rupee coming under pressure signals potential troubles that await Asia’s third-largest economy, which saw growth slowed…

  • Tesla CEO Elon Musk continues to say he has no plans to raise capital

    Tesla CEO Elon Musk continues to say he has no plans to raise capital

    [ad_1] Daniel Acker | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors, center, participates in the opening bell ceremony at the Nasdaq Marketsite with his twin boys Griffin, green shirt at center, and Xavier, right in blue shirt, and his fiancee (at the time) Talulah Riley, second from right, in New…

  • Technology companies are driving a capital spending surge

    Technology companies are driving a capital spending surge

    [ad_1] President Donald Trump slashed the corporate tax rate to 21 percent from 35 percent late last year. But so far, the extra capital appears to have gone more into dividends and share buybacks than capital investments that typically spur economic growth. Few companies have discussed increases in capital expenditures due to tax reform, according…

  • Private equity firm Lantern Capital buys Weinstein Company for $310M US

    Private equity firm Lantern Capital buys Weinstein Company for $310M US

    [ad_1] A private equity firm emerged Tuesday as the winning bidder for the Weinstein Co., the studio forced into bankruptcy by the sexual misconduct scandal that brought down Hollywood mogul Harvey Weinstein. The Weinstein Co. announced in a statement that no other bidder made a better offer than Dallas-based Lantern Capital, which made a “stalking-horse”…

  • Afghanistan suicide bombings kill at least 25 in capital

    Afghanistan suicide bombings kill at least 25 in capital

    [ad_1] A co-ordinated double suicide bombing hit central Kabul on Monday morning, killing 25 people, including an AFP photographer and a cameraman for a local TV station, the Afghan police said. At least 45 people were wounded in the twin attacks, according to Kabul police spokesman, Hashmat Stanekzai, who also added that four policemen were…

  • Catalyst brothers find capital success with $2.4M from True – TechCrunch

    Catalyst brothers find capital success with $2.4M from True – TechCrunch

    [ad_1] Over the past few years, the old language of “customer support” has been supplanted by the new language of “customer success.” In the old model, companies would essentially disappear following the conclusion of a sale, merely handling customer problems when they arose. Now, companies are actively reaching out to customers, engaging them with education…

  • Kabul explosion: ISIS claim responsibility after suicide bomber kills 31 in Afghan capital | World | News

    Kabul explosion: ISIS claim responsibility after suicide bomber kills 31 in Afghan capital | World | News

    [ad_1] Islamic State have brazenly claimed responsibly for the attack in the Afghan capital as civilians waited for their identity cards for the upcoming October election. The bomber detonated an explosive vest, killing 31 and wounding 54 other while destroying cars and shattering windows. “There were women, children. Everyone had come to get their identity…

  • World Bank shareholders back $13 billion capital increase

    World Bank shareholders back $13 billion capital increase

    [ad_1] WASHINGTON (Reuters) – The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. World Bank President Jim Yong Kim attends the Development Committee meeting during the IMF/World Bank spring meeting in Washington,…

  • World Bank says shareholders endorse capital increase

    World Bank says shareholders endorse capital increase

    [ad_1] WASHINGTON (Reuters) – The World Bank said on Saturday its shareholders had endorsed a $13 billion paid-in capital increase, a series of internal reforms and a set of policy measures to strengthen the international lender’s capabilities. World Bank President Jim Yong Kim attends the Development Committee meeting during the IMF/World Bank spring meeting in…

  • Fed proposes capital rule change to soften impact of new accounting standards

    Fed proposes capital rule change to soften impact of new accounting standards

    [ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve on Friday proposed revising bank regulatory capital rules to ease the impact of new international accounting standards for credit losses. FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo In June 2016, the Financial Accounting Standards Board issued a new accounting standard…

  • Musk insists Tesla does not need more capital, predicts profit soon

    Musk insists Tesla does not need more capital, predicts profit soon

    [ad_1] (Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and…

  • Ripple invests $25 million worth of XRP in Blockchain Capital fund

    Ripple invests $25 million worth of XRP in Blockchain Capital fund

    [ad_1] Blockchain firm Ripple, whose digital currency has seen huge volatility in recent months, is investing in a $150 million blockchain-focused fund. Ripple, which owns about 60 billion of the 100 billion ripple, or XRP, tokens created, said Wednesday that it would invest $25 million into the fund, created by Blockchain Capital, a venture capital…

  • Federal Reserve proposes new capital rules for Wall Street

    Federal Reserve proposes new capital rules for Wall Street

    [ad_1] Getty Images Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill February 27, 2018 in Washington, DC. The Federal Reserve on Tuesday proposed new capital rules that could allow some large banks to reduce their capital reserves. The proposal may clear…

  • Doubts over U.S. bank capital payouts may cloud strong earnings

    Doubts over U.S. bank capital payouts may cloud strong earnings

    [ad_1] NEW YORK (Reuters) – Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co…

  • Brexit news: EU admits UK is ‘largest capital market’ | World | News

    Brexit news: EU admits UK is ‘largest capital market’ | World | News

    [ad_1] Speaking at today’s “The Outlook for the Economy and Finance” summit, the Latvian politician said it is particularly important for the survival of the bloc to have “already in place” the main element of the capital markets union by March 2017, when the bloc will lose its most important capital market, London. He said:…

  • Syrian rescuers say gas attack near capital kills 40

    Syrian rescuers say gas attack near capital kills 40

    [ad_1] Syrian opposition activists and rescuers said Sunday that a poison gas attack on a rebel-held town near the capital has killed at least 40 people, allegations denied by the Syrian government. The alleged attack in the town of Douma occurred late Saturday amid a resumed offensive by Syrian government forces after the collapse of…

  • Steve Jurvetson appears to be starting his own venture capital firm

    Steve Jurvetson appears to be starting his own venture capital firm

    [ad_1] Steve Jurvetson, the prominent venture capitalist who left DFJ in a messy split late last year, appears to be starting his own firm, Recode has learned. Jurvetson is listed as the founder of a soon-to-launch fund called Future Ventures, according to the firm’s website. “At Future Ventures, we support passionate founders who are forging…

  • Tesla says no need for capital raise as Model 3 output rises

    Tesla says no need for capital raise as Model 3 output rises

    [ad_1] (Reuters) – Tesla Inc sought to squash any speculation it might need to raise more capital this year on Tuesday, driving the company’s battered shares higher as it announced it built 2,020 of its cheaper Model 3 sedans in the last seven days. Tesla shares jumped as much as 6.9 percent in morning trade,…

  • Latin American nations compete for capital in surge of oil auctions

    Latin American nations compete for capital in surge of oil auctions

    [ad_1] HOUSTON (Reuters) – For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies. FILE PHOTO – View of the oil refinery Ecopetrol in Barrancabermeja, Colombia, March 1, 2017. Picture Taken March 1, 2017. REUTERS/Jaime Saldarriaga…

  • From thriving paradise to murder capital?

    From thriving paradise to murder capital?

    [ad_1] WHILE Cancun is known for its spectacular white sand beaches and turquoise waters, the tourist hotspot is in the grips of a brutal and growing crime wave that threatens to leave it a ghost town. Located in the Mexican state of Quintana Roo, things are so bad here that the murder rate has doubled…

  • Embattled Abraaj frees private equity investors from capital commitments

    Embattled Abraaj frees private equity investors from capital commitments

    [ad_1] NEW YORK/DUBAI (Reuters) – Embattled private equity firm Abraaj has begun freeing large investors from millions of dollars in capital commitments after deciding to suspend its new fund, the Dubai-based asset manager said. FILE PHOTO – Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic…

  • Burkina Faso capital recovering from double extremist attacks – World

    Burkina Faso capital recovering from double extremist attacks – World

    [ad_1] Trading resumed at the main market in Burkina Faso’s capital Saturday and residents returned to the streets, a day after Islamic extremists attacked the French Embassy and army headquarters in simultaneous assaults, killing eight people and wounding more than 80 others. Security forces killed eight militant attackers, and several arrests were made, but the…

  • Gunmen attack army headquarters, French Embassy in Burkina Faso’s capital – World

    Gunmen attack army headquarters, French Embassy in Burkina Faso’s capital – World

    [ad_1] An explosion rocked Burkina Faso’s army headquarters in the capital of Ouagadougou on Friday and black smoke could be seen billowing above, a Reuters witness said. It was not immediately clear what caused the blast. But a witness told Reuters that masked gunmen with backpacks attacked the army headquarters after the explosion. Other smaller explosions came from the headquarters…

  • Capital is on its way to America, but for bad reasons

    Capital is on its way to America, but for bad reasons

    [ad_1] ACCORDING to President Donald Trump, money is pouring into America from abroad. The tax reform he signed into law in December means American firms can no longer defer paying taxes on profits left sitting in foreign subsidiaries. The change has led to some uplifting headlines. Apple said that it would make a one-off tax…

  • U.S. core capital goods orders fall; goods trade deficit widens

    U.S. core capital goods orders fall; goods trade deficit widens

    [ad_1] WASHINGTON (Reuters) – New orders for U.S.-made capital goods fell for a second straight month in January and shipments barely rose, pointing to a slowdown in business spending on equipment after robust growth in 2017. The report from the Commerce Department on Tuesday added to weak January retail sales, industrial production and home sales…

  • Twin car bombs explode in Somali capital, killing at least 18 – World

    Twin car bombs explode in Somali capital, killing at least 18 – World

    [ad_1] Two car bomb blasts rocked Somalia’s capital on Friday evening, followed by gunfire, killing at least 18 people, an ambulance service says. The explosions shattered a months-long period of calm in Mogadishu, which is often the target of attacks by the al-Shabaab extremist group. They also came a day after Somalia’s interior minister warned…

  • Greenlight Capital has ‘never underperformed like this,’ Einhorn says

    Greenlight Capital has ‘never underperformed like this,’ Einhorn says

    [ad_1] David Einhorn’s Greenlight Capital suffered its worst performance ever relative to the S&P 500 last month. “As the market shifted from ‘grind-up’ to ‘straight-up’ in January, our long portfolio only rose about half of S&P 500, while our short portfolio more than doubled the index,” Einhorn said on a conference call Wednesday. Shorts refer…

  • Magnitude 7.5 quake rocks Mexico capital – World

    Magnitude 7.5 quake rocks Mexico capital – World

    [ad_1] A 7.5 magnitude quake shook southern Mexico on Friday, a prolonged rumble that rocked buildings across the capital Mexico City. The epicentre was close to the Pacific coast in the southern state of Oaxaca — roughly 230 kilometres east of Acapulco — and had a depth of 43 kilometres, according to the U.S. Geological Survey. The…