ECB holds rates – to start asset buying
The European Central Bank (ECB) decided to hold its benchmark interest rate at 0.05%, but announced it is to embark on an asset buying...
Tesco investment huge mistake, says Warren Buffett
Warren Buffet said investing in Tesco Plc was a “huge mistake”, as the world’s second largest retailer struggles with an 11-year-low share price, plummeting...
Rocket Internet shares fall on debut
Shares in the German e-commerce focused venture capital firm Rocket Internet fell on its debut on the Frankfurt Stock Exchange on Thursday. Europe’s largest...
Bank of England will be able to cap mortgages
The Bank of England will soon have the power to cap mortgages, i.e. to place limits on how much loan applicants can borrow to...
Wonga writing off £220 million of debts for 330,000 customers
High-interest, short-term payday lender Wonga announced on Thursday it is to write off debts for 330,000 customers worth £220 million. Had the affordability checks...
October: Could markets hit bottom?
This October is an eerie month for investors in markets across the world as they embrace increased volatility, uncertainty regarding U.S. monetary policy, and...
Pimco sees $23.5 billion fly away after bond king Gross’ exit
Since Bill Gross, known as the ‘Bond King’, resigned from Pimco, a total of $23.5 billion in funds has left the American global investment...
Fat finger error ordered $600 billion in stocks and then cancelled, Japan
Stock markets in Japan received a jolt when a ‘fat finger error’ sparked over $600 billion worth of orders and then cancelled them. An...
General Motors sales surge 19 percent in September
General Motors Inc. posted a 19% increase in sales in September compared to the same month last year, a welcome rebound after August’s slide....
Ivanhoé completes $1.24 billion sale of 14 properties to Cominar
Ivanhoé Cambridge and Cominar Real Estate Investment Trust has completed a $1.24 billion sale of 14 properties.
Cominar acquired Ivanhoé Cambridge’s interests in 10 shopping...