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Former $2 billion private equity finance fund now nearly useless: WSJ

(Reuters) – Wells Fargo (N:WFC) and many other lenders are negotiating to seize control of the hedge fund formerly worth greater than $2 billion that’s now worth just about nothing, based on a study in the Wall Street Journal. EnerVest Limited., a Houston private equity finance firm that concentrates on energy investments, manages the non-public […]

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UAE arranged for hacking of Qatar government sites, sparking diplomatic row: Washington Publish

WASHINGTON (Reuters) – The Uae arranged for Qatari government social networking and news sites to become hacked at the end of May to be able to publish fiery but false quotes associated with Qatar’s emir, prompting a diplomatic crisis, the Washington Publish reported on Sunday, citing U.S. intelligence officials. The emir, Sheikh Tamim bin Hamad […]

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China second quarter GDP growth tops forecasts on strong investment, consumption

By Elias Glenn and Kevin Yao BEIJING (Reuters) – China’s economy increased quicker than expected within the second quarter as industrial output and consumption selected up and investment continued to be strong, though analysts expect slower growth over all of those other year as policymakers aim to reduce financial risk. The economy increased 6.9 % […]

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Asia shares rise on accommodative Given, China stocks narrow losses on strong GDP

By Nichola Saminather SINGAPORE (Reuters) – Asian stocks mostly rose on Monday, spurred by record high closes for that Dow jones and S&P 500 on bets the Federal Reserve’s policy will stay accommodative following lackluster U.S. data, which sent the dollar reeling to some 10-month low. Chinese stocks fell over 2 percent at the begining […]

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A few days ahead: 5 items to watch around the economic calendar

Investing.com – Within the week ahead, global markets will concentrate on the results of Thursday’s European Central Bank meeting for fresh clues on once the central bank will shift from its ultra-easy policy. Investors may also seriously consider a financial policy decision due in Japan among speculation the financial institution of Japan will lag well […]

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Bitcoin slides to $1,900, Ethereum sinks to $150 as selling continues

Investing.com – Prices of Bitcoin and Ethereum extended their recent decline on Sunday, with sinking to fresh multi-month lows among ongoing chatter of the cryptocurrency bubble. Bitcoin fell underneath the $2,000-level the very first time in a number of days as investors continued to be cautious about initiating large position among several warnings from analysts […]

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