The hedge is your edge. With the Standard & Poor’s 500 Index off to a strong start this year, Wall Street’s derivatives desks are doing brisk business helping clients protect their portfolios in the event of a correction. Because there is little general investor fear that the stock market will decline, the hedges are relatively [...]
SINGAPORE | Thu Feb 16, 2012 10:08pm EST SINGAPORE Feb 17 (Reuters) – Singapore-listed software firm Silverlake Axis Ltd surged as much as 16 percent after DBS Vickers reinstated coverage, saying it was a growth stock with quarterly dividends. DBS Vickers set a buy rating and a target price of S$0.46. By 0253 GMT on [...]
By KELLY GREENE Marky Olson, a 63-year-old Seattle blogger, hit rock bottom the day she sneaked eight photo albums out of her parents’ apartment and chucked them in a dumpster. Already, she had spent two years trying to make a dent in the stuff crammed into her parents’ two-car garage at their retirement villa, finding [...]
Brasilia/Sao Paulo Brazil’s trade with the Arab world increased more than 28 per cent to $25.13 billion (Dh92.9 billion) last year and is expected to grow by up to 15 per cent this year, according to the Arab Brazilian Chamber of Commerce. A Brazilian trade mission to the Middle East will arrive in Dubai today [...]
Fri Feb 10, 2012 5:01pm EST * Did not evaluate failed loan to Solyndra * Chu: will review ideas, but program is working * Republicans: Investigation will continue (Adds quotes, details, background) By Roberta Rampton WASHINGTON, Feb 10 (Reuters) – The U.S. Energy Department relies on too many consultants and committees for managing its loans [...]
By RIVA RICHMOND Barbara Heinrich says she isn’t computer-savvy, but last month the owner of Local Motion, a clothing boutique in Minneapolis, went online and built her own mobile-phone application. It was worth a try, she figured, considering how cheap and easy it was to do and how addicted to iPhone apps young people like [...]
By Brian Winter SAO PAULO | Sun Feb 12, 2012 8:33pm EST SAO PAULO (Reuters) – Brazil is “very likely” to choose France’s Rafale fighter jet to refurbish its air force, government sources say, a decision that would award one of the emerging-market world’s most coveted defense contracts to a jet whose future was in [...]
For wealth management organizations in the Middle East this is a time of great change, and great opportunity. The industry enjoyed a resurgence last year, with growth in both the absolute number of local and expatriate high net worth investors, and the assets of this target client pool. Meanwhile, last year assets under management rose [...]
New York: The US Justice Department called Switzerland’s largest private bank a fugitive from justice on Friday after it didn’t send any representatives to a court hearing in New York, where it has been charged with conspiring with American clients to hide $1.2 billion (Dh4.4 billion) from the Internal Revenue Service. Wegelin & Co is accused [...]
By STEVEN RUSSOLILLO And BRENDAN CONWAY You didn’t need to teach one of investing’s old dogs any new tricks in 2011. It was a banner year for dividend-paying stocks at a time when investors scurried for cover from the market’s volatility. That meant one of Wall Street’s classic strategies, known as the Dogs of the [...]