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By Susanne Walker, Bloomberg |
March 5, 2013
Pacific Investment Management Co.’s Bill Gross, manager of the world’s biggest bond fund, said the yen is likely to weaken to 100 per U.S. dollar on concern stimulus measures by the Bank of Japan will debase the currency.
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By Sarah Pringle, Bloomberg |
January 22, 2013
U.S. stocks rose, following five-year highs for the benchmark indexes last week, after better-than-forecast earnings from companies including Travelers Cos. and Freeport-McMoRan Copper & Gold Inc.
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By Joseph Ciolli, Bloomberg |
August 7, 2012
The euro rose to a more than three- week high versus the yen amid speculation that the European Central Bank is taking appropriate measures to quell the region’s debt crisis.
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By Joseph Ciolli, Bloomberg |
August 6, 2012
The dollar fell against most of its major counterparts as risk appetite increased amid speculation central banks may take further steps to boost economic growth.
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By Cristina Alesci, Whitney Kisling and Nina Mehta, Bloomberg |
August 6, 2012
Knight Capital Group Inc. received a $400 million cash infusion through the sale of convertible securities after trading losses spurred by a software failure drove the market maker to the brink of bankruptcy.
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By Robert Schmidt and Michael J. Moore, Bloomberg |
August 3, 2012
The trading losses at Knight Capital Group Inc. renewed pressure on Washington regulators to prove they are equipped to protect investors in markets that are increasingly computerized and fragmented.
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By Whitney Kisling, Bloomberg |
August 2, 2012
Knight Capital Group Inc. has “all hands on deck” and is in close contact with creditors, clients and counterparties as it tries to weather trading errors that cost it $440 million, Chief Executive Officer Thomas Joyce said.
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By Liz Capo McCormick, Bloomberg |
June 28, 2012
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said economies and their financial markets take decades to normalize after the havoc of a debt crisis, making U.S. securities still the safest bet for investors.
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By Susanne Walker and Cordell Eddings, Bloomberg |
May 30, 2012
Treasury 10-year note yields fell to a record low as investors sought refuge from the deteriorating credit conditions of European sovereign borrowers.
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By Lisa Abramowicz, Christine Harper and Saijel Kishan |
May 8, 2012
Wall Street’s biggest banks have lost almost two dozen of their most-profitable credit traders in the past 13 months as regulators limit risk-taking.
