Stocks close lower as utilities drop 1 pct

Stocks close lower as utilities drop 1 pct

U.S. stocks closed lower Tuesday, with utilities falling 1 percent, as investors analyzed strong consumer data while keeping an eye on Federal Reserve ahead of Friday’s jobs report. Read More »

CCG Strategic Industrial Growth Note Dominates Peers

CCG Strategic Industrial Growth Note Dominates Peers

Capital Clearance Group Strategic Industrial Growth Note was launched on November 2010. Since then, the note has provided stellar returns to investors, outpacing most fixed income peers. Read More »

Pimco to Hire 20 People to Target $17.4 Trillion Asian Wealth

Pimco to Hire 20 People to Target $17.4 Trillion Asian Wealth

Hong Kong and Singapore have benefited from funds flowing out of China to seek dollar-denominated assets amid a weakening yuan. Pimco’s wealth management in Asia excluding Japan has experienced “significant” growth in net inflow this year. Read More »

The Bank of Japan’s move is bad for us

The Bank of Japan’s move is bad for us

In a move that was signaled by the Nikkei business daily minutes ahead of the decision, the BOJ said it will apply a rate of negative 0.1 percent to excess reserves that financial institutional place at the bank, effective Feb. 16. Read More »

One tech VC is increasingly bullish on China

One tech VC is increasingly bullish on China

20-year-old firm with operations in Beijing, Tokyo and Silicon Valley, is aiming to raise $400 million for a China-focused fund, which would be 21 percent bigger than its previous fund from early 2014. Read More »

 

Bank of America loses its second head of tech and media banking in less than a year

Bank of America’s global head of technology, media and telecommunications investment banking Anwar Zakkour is planning to depart to pursue other opportunities, according to an internal e-mail obtained by CNBC and confirmed by a bank spokesman. His departure marks the

HSBC to pay $100 million to settle currency rigging investigation

HSBC holdingson Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers. The payment includes a $63.1 million fine plus

SEC says it’s worried about ‘significant’ issues with cryptocurrency ETF plans

The U.S. Securities and Exchange Commission indicated Thursday it would not be open to approving cryptocurrency exchange-traded funds until concerns related to rules aimed at protecting investors are addressed. “We believe … that there are a number of significant investor

Bitcoin briefly dips below $10,000 on Coinbase, and ethereum crashes too

Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November. Other major digital currencies also sold off sharply. Digital currency ethereum plunged 30 percent Tuesday, to below $1,000, while ripple

Bitcoin-crazy South Korea may face a ban on cryptocurrency trading

Bitcoin trading could soon be outlawed in one of the virtual currency’s biggest markets. The South Korean government is preparing a bill to ban trading in all cryptocurrencies including bitcoin, Justice Minister Park Sang-ki said Thursday. “There are great concerns

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China’s premier says 2017 GDP growth expected around 6.9 percent

  ChinesePremierLi Keqiang said the economy is expected to have grown around 6.9 percent last year, according to the official Xinhua news agency. China’s foreign exchange reserves continued to rise last year, while the country’s corporate leverage ratio declined at

Oil prices rise to hit four-year high of $70 a barrel

The price of oil has hit $70 a barrel for the first time since December 2014. Brent crude climbed after members of Opec, the cartel of 14 oil-producing nations that accounts for 40% of the world’s output, said it would

Three rate hikes by the Fed in 2018 would be problematic for markets

The current bull run in markets would be derailed if the U.S. Federal reserve hikes rates three times this year, investing expert Michael Yoshikami told CNBC on Wednesday. That prediction comes after the latest projections from the Federal Open Market

Asian shares step back from New Year rally as trade concerns resurface

TOKYO (Reuters) – The New Year rally in Asian shares ran out of steam on Thursday as concerns about the U.S. administration’s protectionist stance hit Wall Street while U.S. bonds were dented by speculation China may curtail buying. MSCI’s broadest