Four equity portfolio managers at Ken Griffin’s Citadel hedge fund left the firm in March, one of the most volatile months for stocks on record. The four managers are Chris
Continue reading »Saudi Arabia, Russia Push Negotiations for Historic Oil Pact
Saudi Arabia, Russia and other large oil producers are negotiating for a deal to stem the historic price rout, even as leaders trade barbs in public. “President Putin and the
Continue reading »Feeling the heat, Bank of America loosens criteria for small business pandemic loans
JPMorgan delays coronavirus business loans over litigation fears: Gasparino Confusion and delays come with the small business loans program. FOX Business’ Charlie Gasparino with more. Get all the latest news
Continue reading »Norway May Join Oil Output Cuts for First Time Since 2002
Norway, the biggest oil producer in western Europe, said it would consider cutting its output if there was a broad international agreement to curb supply. The Nordic nation, whose oil
Continue reading »Nigeria Plans $1.2 Billion Coronavirus Fund to Curtail Spread
Nigeria plans to set up a 500 billion-naira ($1.2 billion) coronavirus intervention fund after becoming the first country in sub-Saharan Africa to report infections. “Our general view is that this
Continue reading »How the coronavirus job cuts played out by sector and demographics
People who lost their jobs, insurance can enroll in health care: Azar Health and Human Services Secretary Alex Azar discusses how health care providers are handling coronavirus treatment for the
Continue reading »Russia Can Reduce Its Oil Output by 10% if the U.S. Joins Cuts
Russia would target a 1 million barrel-a-day cut in any new deal with other key oil producers, on condition the U.S. joins cuts, according to four people familiar with the
Continue reading »In coronavirus pandemic, Warren Buffett sells some Delta, Southwest airlines stock
Buffett likely eyeing banks as coronavirus ravages economy Smead Capital Management founder Bill Smead discusses where Berkshire Hathaway CEO Warren Buffett may find opportunities during the coronavirus pandemic and whether
Continue reading »Saudis Face Pricing Dilemma as Oil War Enters Second Month
Vanishing demand and alternative grades at never-seen-before prices are fueling expectations that Saudi Aramco will need to price its crude at aggressively low levels this month to keep its customers
Continue reading »Hostplus, Rest slash valuations of unlisted assets
The $54 billion superannuation fund representing the hospitality and tourism industries has slashed the valuations of unlisted investments on its books which represent up to 30 per cent of member
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