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Commonwealth Games day nine: live →  August 1, 2014

It was confirmed on Friday morning that the B sample analysis, requested by 16-year-old Amalaha, had returned another positive result and that made it inevitable she would lose her title. At an afternoon hearing of the Commonwealth Games Federation court, it was confirmed Amalaha would be disqualified, a CGF spokeswoman confirmed. The spokeswoman, promising a […]

Allergan claims Bill Ackman broke insider-trading rules →  August 2, 2014

Man Groups inflows decline sharply →  August 2, 2014

LONDON: Hedge fund manager Man Group reported a sharp fall in net inflows in the second quarter and its chief executive said yesterday he was cautious on the outlook for the rest of the year, sending its shares sharply lower. Man, whose shares have collapsed to a fraction of their 2008 peak, has been restructuring […]

Hedge funds bet on recovery by Argentina despite default →  August 2, 2014

Axel Kicillof, Argentina’s economy minister: said “vulture funds” had rejected a renewed offer from the government and it was “impossible” to pay them more. Photograph: EPA/Jason Szenes Article source: http://www.irishtimes.com/business/sectors/technology/hedge-funds-bet-on-recovery-by-argentina-despite-default-1.1884229

Allergan sues Valeant, claims fraud in buy attempt →  August 2, 2014

JPMorgan reaches proposed $4.5 bln mortgage securities deal for most trusts →  August 2, 2014

NEW YORK (Reuters) – Trustees involved in JPMorgan Chase Co’s (JPM.N) proposed $4.5 billion settlement with investors in money-losing mortgage bonds accepted the bank’s offer on Friday for the vast majority of the trusts holding the securities. The trustees rejected the deal for six of about 330 trusts included in the offer, according to a […]

Obama Demands Soldier’s ‘Unconditional’ Release →  August 2, 2014

US President Barack Obama has warned Hamas it must free a captured Israeli soldier if it is serious about peace in Gaza. Mr Obama said Second Lieutenant Hadar Goldin, who is reported to have links to the UK, must be “unconditionally” released. The Israeli army said the 23-year-old soldier was kidnapped on Friday just 90 […]

Commonwealth Games day nine: live →  August 1, 2014

It was confirmed on Friday morning that the B sample analysis, requested by 16-year-old Amalaha, had returned another positive result and that made it inevitable she would lose her title. At an afternoon hearing of the Commonwealth Games Federation court, it was confirmed Amalaha would be disqualified, a CGF spokeswoman confirmed. The spokeswoman, promising a […]

Commonwealth Games day nine: live →  August 1, 2014

It was confirmed on Friday morning that the B sample analysis, requested by 16-year-old Amalaha, had returned another positive result and that made it inevitable she would lose her title. At an afternoon hearing of the Commonwealth Games Federation court, it was confirmed Amalaha would be disqualified, a CGF spokeswoman confirmed. The spokeswoman, promising a […]

Default fuels uncertainty, stock drop in Argentina →  August 1, 2014

BUENOS AIRES, Argentina (AP) — Stocks fell sharply in Argentina on Thursday as the country entered into economic uncertainty with its second default in 13 years, one forced upon it by New York hedge funds with the backing of U.S. courts. The Merval stock index closed down more than 8 percent a day after Argentina […]

The Strange But True Tale Of Argentina’s Debt Mess →  August 1, 2014