15 December, 2015 by The TZ Newswire Staff Comments Off on China broker tips PBOC to widen yuan trading band in 2016
China broker tips PBOC to widen yuan trading band in 2016
China Minzu Securities (a brokerage group in China) says the People’s Bank of China will widen the yuan trading band in 2016
– Will do so to facilitate further weakening of the yuan
–
15 December, 2015 by The TZ Newswire Staff Comments Off on Ackman tells investors that this year could be his firm’s worst ever
Ackman tells investors that this year could be his firm’s worst ever
Billionaire hedge fund investor William Ackman, whose funds have suffered double-digit losses this year, on Tuesday told investors that 2015 could be his firm’s worst ever, but said clients are generally sticking with him. “If the year finishes with our portfolio holdings at or around current values, 2015 will be the worst performance year in Pershing Square’s history, even worse than 2008 during the financial crisis,” Ackman wrote in a 17-page letter that was seen by Reuters.
15 December, 2015 by The TZ Newswire Staff Comments Off on Ackman tells investors that this year could be his firm’s worst ever
Ackman tells investors that this year could be his firm’s worst ever
Billionaire hedge fund investor William Ackman, whose funds have suffered double-digit losses this year, on Tuesday told investors that 2015 could be his firm’s worst ever, but said clients are generally sticking with him. “If the year finishes with our portfolio holdings at or around current values, 2015 will be the worst performance year in Pershing Square’s history, even worse than 2008 during the financial crisis,” Ackman wrote in a 17-page letter that was seen by Reuters.
15 December, 2015 by The TZ Newswire Staff Comments Off on Nasdaq Co-President Adena Friedman to be named chief operating officer: source
Nasdaq Co-President Adena Friedman to be named chief operating officer: source
Friedman, who would be Nasdaq’s first ever COO, will continue to serves as co-president, according to the source who did not want to be quoted. The appointment is seen as bringing her one step closer to eventually being chief executive officer of the company. Friedman did not immediately respond to an email requesting comment.
15 December, 2015 by The TZ Newswire Staff Comments Off on Nasdaq Co-President Adena Friedman to be named chief operating officer: source
Nasdaq Co-President Adena Friedman to be named chief operating officer: source
Friedman, who would be Nasdaq’s first ever COO, will continue to serves as co-president, according to the source who did not want to be quoted. The appointment is seen as bringing her one step closer to eventually being chief executive officer of the company. Friedman did not immediately respond to an email requesting comment.
15 December, 2015 by The TZ Newswire Staff Comments Off on China weakness drives Prada quarterly profit down 38 percent
China weakness drives Prada quarterly profit down 38 percent
HONG KONG/MILAN (Reuters) – Italian luxury goods maker Prada (1913.HK) reported a 38 percent fall in quarterly profit on Tuesday, hit by slumping sales in Greater China as the country’s economic growth slowed. “Market conditions are still quite complicated,” Chief Financial Officer Donatello Galli told an analyst call, pointing to unstable financial markets and concerns about global security that hurt tourism. Prada posted a 6 percent drop in sales in August-October to 748 million euros ($819 million).
15 December, 2015 by The TZ Newswire Staff Comments Off on China weakness drives Prada quarterly profit down 38 percent
China weakness drives Prada quarterly profit down 38 percent
HONG KONG/MILAN (Reuters) – Italian luxury goods maker Prada (1913.HK) reported a 38 percent fall in quarterly profit on Tuesday, hit by slumping sales in Greater China as the country’s economic growth slowed. “Market conditions are still quite complicated,” Chief Financial Officer Donatello Galli told an analyst call, pointing to unstable financial markets and concerns about global security that hurt tourism. Prada posted a 6 percent drop in sales in August-October to 748 million euros ($819 million).