CLS payment netting service goes live with Goldman Sachs and Morgan Stanley
Goldman Sachs and Morgan Stanley are the first institutions to use the new standardized, automated bilateral payment netting service for foreign exchange created by FX settlement service provider CLS. CLSNet will match, provide confirmation and calculate net payments for FX...
Investment guru Mark Mobius says North Korea presents a ‘tremendous opportunity’
The potential opening up of North Korea’s economy following its peace overtures with the United States Tuesday could mean massive commercial opportunities, according to investment mogul Mark Mobius. Infrastructure and mining present the first points of interest for Mobius, the...
After-hours buzz: RH, PLAY and more
Check out the companies making headlines after the bell: Shares of Restoration Hardware climbed more than 20 percent after the bell, after the luxury home furnishings company reported mixed first quarter earnings that beat analyst expectations, but missed on revenue....
Comcast preparing to announce bid for Fox on Wednesday if AT&T-Time Warner is approved, sources say
Comcast will formalize its all-cash offer to acquire most of Twenty-First Century Fox on Wednesday if U.S. District Court Judge Richard Leon approves AT&T’s deal for Time Warner on Tuesday, according to people familiar with matter. Comcast, which owns CNBC...
Wells Fargo customers can still buy guns with a credit card, but now they can’t buy bitcoin
Wells Fargo customers can no longer buy cryptocurrencies such as bitcoin on their credit cards, the company announced Monday. But they can still buy firearms. The San Francisco-based bank joined some of its Wall Street peers in banning the purchase...
Warren Buffett finally gets closure on one of his rare investing mistakes
Warren Buffett is finally getting closure on a long-held investment he recently called disappointing. USG agreed to a $7 billion buyout by Germany’s Knauf after Buffett’s Berkshire Hathaway threw its support behind a shareholder uprising. Berkshire is USG’s biggest shareholder,...
Goldman: Borrowing is getting out of control so hide out in strong balance sheet stocks like Nvidia, Home Depot
Companies with healthy balance sheets like Home Depot and Nvidia are investors’ best bet as the rest of corporate America loads on debt to unsafe levels even as the Federal Reserve continues hike rates, according to Goldman Sachs. “Strong balance...
Latin America: The test that dare not speak its name
As rising US interest rates feed into a general deterioration of global markets’ sentiment towards emerging markets (as well as specific runs on the Argentine and Turkish currencies) the obvious question is: will this turn of the EM cycle be...
Here’s how global financial markets may react if the North Korea summit is a success … or failure
A successful outcome of U.S. talks with North Korea could give a boost to Chinese stocks and a U.S. exchange-traded fund that tracks them, according to a study looking at financial market reactions to past milestones regarding the rogue nation....
Fed will ignore G-7 trade spat and announce new rate hikes, economist says
The Federal Reserve is due to announce another rate hike this Wednesday and won’t take any notice of the spat between the U.S. and its Western allies over trade tariffs, an economist told CNBC Monday. Market players are monitoring the...
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