In a land that fetishizes revenue growth over profitability, there’s a new sanity check for software firms to see if the two rates add up to at least 40 pct. A Breakingviews analysis suggests it can be a useful guideline. Investors should just be wary of extrapolating too much.
Vice Chair Stanley Fischer reckons inflation is only temporarily subdued. Along with the BoE’s Mark Carney, he also downplayed China’s deceleration. The Fed’s doves, meanwhile, remain wary of raising interest rates. The split is evidence the U.S. economy is finally mending.
U.S. investigators say a former Buddhist monk conned $125 mln from 250 investors seeking U.S. visas. China’s sputtering economy has fueled a booming market for immigration by investment. It won’t be the last time the country’s worried wealthy are relieved of their worldly goods.
Big cuts in spending and staff sent the struggling miner’s stock soaring – just before the activist revealed an 8.5 pct stake. The pre-emptive strike won’t be enough to satisfy the feisty billionaire. High debt and low commodity prices suggest he has asset sales in his crosshairs.
The U.S. bank’s SunGard-provided system for valuing mutual fund assets is working again a week after going down. This time, damage was minimal. But the episode reveals potential risks from bugs in software to over-reliance on third-party vendors and scrimping on costs.
Move over Wall Street. U.S. presidential candidates have a new bipartisan punching bag. From Tea Party favorite Donald Trump to socialist sweetheart Bernie Sanders, the entire field has reasons - ranging from crushing stocks to hacking to trade - for dissing Asia’s superpower.
Ever since the collapse of Lehman Brothers, the Federal Reserve has engaged in financial experimentation that has delivered the weakest rebound on record while spreading deleterious effects around the globe that author Brendan Brown, in a forthcoming book, likens to a plague.