“Paul Wilmott is the smartest of the quants,” says his friend and fellow quant Nassim Nicholas Taleb. “He may be the only smart quant.” It’s typical hyperbole from the author of The Black Swan, the bestseller about the role of...
Tata Group’s financial arm, Tata Capital is talking to Japanese securities broker Mitsubishi UFJ Securities Co to handle trading orders for Indian stocks from Japanese investors as well as investment banking services, reports...
The Japanese economy contracted by 0.6% between April and June, prompting fears that it is sliding towards recession. Declining exports and consumer demand were behind the fall - the first for more than a year - which came...
TOKYO — Japanese shares fell sharply Wednesday, following an overnight fall on Wall Street and a report that Japan’s economy shrank sharply in the second quarter. The benchmark Nikkei 225 Stock Average shed 280.55 points, or...
Tuesday August 12, 5:13 pm ET NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken numerous rating actions on the Nomura Asset Securities Corp. Alt-A RMBS transactions listed below: The rating actions were taken as part as...
estimated losses at $500 million each. Subprime Collapse The collapse of the U.S. subprime mortgage market last year has saddled banks worldwide with $501 billion of losses from declining values of securities tied to all types...
By Angela Monaghan The US trade deficit unexpectedly narrowed in June as a weak dollar led to a jump in exports which in turn offset the cost of record imports of oil. The deficit in international trade of goods and services...
Major restaurant chain operator Skylark Co. announced Tuesday the resignation of its president, Kiwamu Yokokawa, effective immediately after shareholders at an extraordinary meeting voted to dismiss him due to the firm's...
Tuesday August 12, 10:20 am ET NEW YORK, Aug. 12 /PRNewswire/ -- Standard & Poor's today announced the appointment of David Jacob as Executive Managing Director and Head of Structured Finance Ratings. A pioneer in the...
Collins Stewart, the stockbroker and investment bank, today reported an 82 per cent plunge in first half profits and warned gave warning that the contraction in financial markets and a lack of capital raising deals would...