REFILE-Rare metals investment blow-up shows risks lurking in China's financial system

[Buzz_Burner_Fresh_Updates] REFILE-Rare metals investment blow-up shows risks lurking in China's financial system – reuters.com SHANGHAI/BEIJING, Oct 9 (Reuters) – The promise of risk-free, double-digit returns made the “Daily Golden Jewel” investment offered by an obscure commodities exchange in China hard to resist. Advertisements on Chinese state TV implied government backing. Continue Reading On reuters.com » […]

Rare metals investment blow-up shows risks lurking in China's financial system

[Buzz_Burner_Fresh_Updates] Rare metals investment blow-up shows risks lurking in China's financial system – reuters.com SHANGHAI/BEIJING, Oct 9 (Reuters) – The promise of risk-free, double-digit returns made the “Daily Golden Jewel” investment offered by an obscure commodities exchange in China hard to resist. Advertisements on Chinese state TV implied government backing. Continue Reading On reuters.com » […]

Twitter shares up as Jack Dorsey outlines 'ambitious' goals

[Buzz_Burner_Fresh_Updates] Twitter shares up as Jack Dorsey outlines 'ambitious' goals – vator.tv The new CEO says we will see ‘dramatic evolutions across Twitter, Periscope and Vine’The news we’ve been waiting for has finally been made official: Jack Dorsey is staying at Twitter as its permanent CEO. Interestingly, Dorsey will continue to serve as a member […]

Investors pull $40 billion from emerging market assets in Q3 – IIF + MORE

[Buzz_Burner_Fresh_Updates] Chicago PMI declined sharply in September – feedburner.com Chicago PMI: Sep Chicago Business Barometer Down 5.7 Points to 48.7 The Chicago Business Barometer declined 5.7 points to 48.7 in September as Production growth collapsed and New Orders fell sharply.The drop in the Barometer to below 50 was its fifth time in contraction this year […]

REFILE–China forex regulator says to cap overseas cash withdrawals + MORE

[Buzz_Burner_Fresh_Updates] China's top banks help launch $28 bln public-private partnership fund – reuters.com BEIJING, Sept 30 (Reuters) – China’s biggest banks, including Industrial & Commercial Bank of China Ltd , have joined other financial firms in a 180 billion yuan ($28 billion) fund to invest in public-private partnership (PPP) projects. Continue Reading On reuters.com » […]

UPDATE 1-U.S. SEC settles with two ex-Fannie Mae executives, but not ex-CEO

[Buzz_Burner_Fresh_Updates] UPDATE 1-U.S. SEC settles with two ex-Fannie Mae executives, but not ex-CEO – reuters.com NEW YORK, Sept 21 (Reuters) – The U.S. Securities and Exchange Commission has reached a settlement with two former Fannie Mae executives in one of its biggest lawsuits tied to the financial crisis, but has yet to settle with former […]

U.S. SEC settles with two ex-Fannie Mae executives, but not ex-CEO

[Buzz_Burner_Fresh_Updates] U.S. SEC settles with two ex-Fannie Mae executives, but not ex-CEO – reuters.com NEW YORK, Sept 21 (Reuters) – The U.S. Securities and Exchange Commission has reached a settlement with two former Fannie Mae executives in one of its biggest lawsuits tied to the financial crisis, but has yet to settle with former Chief […]

HTC's removal from blue chip index marks decline from smartphone innovator to also ran + MORE

[Buzz_Burner_Fresh_Updates] Zurich ditches RSA takeover after losses in general insurance – reuters.com ZURICH (Reuters) – Zurich Insurance Group AG abandoned its proposed 5.6 billion pound ($8.7 billion) bid for British insurer RSA Insurance Group PLC on Monday after forecasting a $200 million loss in its general insurance business due to explosions at the Chinese port […]