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Weekend Scan: Here comes Fed Week; Dan Loeb goes after Dow Chemical CEO
Updated throughout the day December 13, 2015 Hold on tight, it's Fed Week. The Federal Reserve will be meeting on Tuesday and Wednesday, and most people are expecting an interest rate rise for Christmas. Many analysts say not to look to past rate rises for market predictions this time around. There have been very, very few times rates have risen
The topic we should all be paying attention to (in 3 charts)
As the December Federal Reserve (Fed) meeting nears, discussions and speculation about the precise timing of Fed liftoff are certain to take center stage. But while I’ve certainly weighed in on this debate many times, I believe it’s just one example of a topic that receives far too much attention from investors and market watchers alike. The Fed has been
GMO quarterly letter
Give Me Only Good News! Jeremy Grantham “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” (Attributed to Mark Twain) It takes little experience in the investment business to realize that investors prefer good news. As a bear in the bull market of 1999 I was banned from
The Week Ahead: Decision time for the Fed; CPI numbers galore
All times GMT No question about what dominates the week's economic calendar. The time for waiting is almost over, the U.S. Federal Reserve will announce its interest rate decision on Wednesday.  Economists surveyed by The Wall Street Journal (paywall) overwhelmingly expect the central bank to raise its benchmark interest rate for the first time since 2006, reflecting the slow but steady progress
China's missing bosses
Guo Guangchang, founder and chairman of Chinese conglomerate Fosun, was detained by Mainland police on Friday, according to local media. The self-styled China’s Warren Buffett had gone missing before the reports emerged and trading of Fosun shares was halted. Guo's disappearance seems to be part of trend: top businessmen and financiers go missing and can't be contacted. Citic Securities, China’s largest investment bank, said last week
Weekend Scan: US junk bond slump and oil price plunge panic investors; another high profile disappearance in China
Updated throughout the day December 12, 2015 Panic in the junk bond market and a further oil price slump weighed heavily on stock markets on Friday. The S&P 500 was down 1.9%, the Nasdaq fell 2.2% and the Dow Jones Industrial Average tumbled 310 points. U.S.-traded crude dropped 3.1% to $35.62 a barrel, the culmination of an 11% plunge that was the biggest weekly fall
Daily Scan: Stocks tumble; S&P 500 drops almost 4% for the week
Capital Markets
Updated throughout the day December 11, 2015 The continued oil rout massacred stocks this week, with all the major indexes ending Friday in the red. The Dow lost more than 1.7% Friday. The S&P 500 was down 1.9%, and the Nasdaq fell 2.2%. The S&P 500 fell 3.8% this week, the largest decline since August. U.S. crude oil dropped 3.1%
People Moves: Santander grabs BNY exec; former MP joins Morgan Stanley
Capital Markets
Santander Consumer names BNY exec CFO. Ismail "Izzy" Dawood has been named CFO at Santandar Consumer USA Holdings in Dallas. Dawood comes to the firm from BNY Mellon where he worked as CFO of the investment services division. Dawood joined BNY Mellon in 2006 from Wachovia. American Banker British leader added to Morgan Stanley board. Alistair Darling, former British chancellor
Daily Scan: Hong Kong caps the week lower; Japanese shares surge on tumbling yen
Capital Markets
Updated throughout the day Asia ex-Japan ended the week on a sour note Friday as Chinese growth concerns, missing billionaires, and the looming Fed meeting sent investors scurrying for safety. Hong Kong’s Hang Seng Index is down over 1.1%, the Hang Seng China Enterprises Index – a complex of Chinese shares listed in Hong Kong – is down over 1.4%,
People Moves: Deutsche Bank loses fixed income capital markets chief; CITIC execs go AWOL
Capital Markets
Herman van den Wall Bake leaves Deutsche Bank. Van den Wall Bake, an eight-year veteran of the German giant, has reportedly left the firm. It is unknown whether or not he has joined a rival bank. Prior to his departure, Van den Wall Bake was head of Deutsche Bank’s Asia fixed income capital markets group, and was also head of