Market News
Financiers seek £250m to establish new lender
Telegraph - 8 Nov 2014 22:06
John van Kueffler, the former chairman of Provident Financial, is raising £250m to float a new alternative consumer credit company on the London Stock Exchange.
Rosberg takes pole in Brazil
CNN - 8 Nov 2014 22:55
Mercedes driver Nico Rosberg will start the Brazilian Grand Prix in pole position after a breathtaking final qualifying session at Interlagos.
Icap CEO Michael Spencer in talks to fund sub-prime lender's IPO
Telegraph - 8 Nov 2014 22:06
John van Kueffler, the former chairman of Provident Financial, is raising £250m to float a new alternative consumer credit company on the London Stock Exchange.
Gold regains glitter on low-level buying, global cues
livemint.com - 8 Nov 2014 12:38
Gold of 99.9 and 99.5% purity zoomed by Rs650 each to Rs26,450 and Rs26,250 per 10 grams, respectively
Alibaba-backed Momo files for US IPO of Chinese chat service
livemint.com - 8 Nov 2014 10:10
Momo, which began 3 years ago, generated $13.9 mn in revenue during the first 6 months of 2014, compared with $3.1 mn in all of 2013
Kingfisher Airlines faces trading suspension from 1 December
livemint.com - 8 Nov 2014 09:46
The firm has failed to comply with rules on reporting financial results for two consecutive quarters to end-June
China October Exports Up 11.6% Year/Year, Above Forecast
IBTimes - 8 Nov 2014 06:31
(Reuters) - China's exports rose an above-forecast 11.6 percent in October from a year earlier, while imports rose 4.6 percent, leaving the country with a trade surplus of $45.4 billion for the month, the General Adminis...
Most Wall Street Firms Still See Fed Rate Hike By June 2015: Poll
IBTimes - 8 Nov 2014 02:31
(Reuters) - Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June 2015, a Reuters poll found, and economists also said the market was underestimating how aggressively the U.S....
Sorry, ESPN Fans: Disney CEO Bob Iger Loves The Cable Bundle, So No Streaming For You
IBTimes - 8 Nov 2014 02:31
If you're an avid sports fan who is thinking about cutting the cable cord, don't expect Bob Iger to throw you a lifeline. The chief executive of the Walt Disney Company, the corporate parent of ESPN, offered a staunch de...
The Week Ahead: Three Reasons Not to Jump into Stocks Now
Forbes - 8 Nov 2014 02:02
The stock market's powerful rally from the October lows has definitely impressed most professional analysts and the financial media. Some commentators that were recommending the short side of the market in October, are n...
Buffett's Berkshire Beats Street's Earnings Expectations
Forbes - 8 Nov 2014 00:51
Warren Buffett's Berkshire Hathaway reported better than anticipated third quarter earnings after the closing bell Friday.
AT&T To Pay Billionaire Ricardo Salinas $2.5B For Mexican Wireless Provider Iusacell
Forbes - 8 Nov 2014 00:05
Mexican billionaire Ricardo Salinas Pliego sold Mexican wireless firm Grupo Iusacell to AT&T for $2.5 billion.