Banking industry
Deutsche Asset Management has introduced two new absolute return global macro strategies for US and non-US investors, utilizing the integrated Global Alpha Platform (iGAP) to generate excess return or alpha. The US strategy aims to add 20% alpha annually, while the non-US strategy targets a 15% return above the Citigroup
Banking industry
Rackable Systems Inc., a provider of servers and storage products for large-scale data centers, has announced the adoption of the Next-Generation AMD Opteron processors. This move enables the company to expand its range of server and storage solutions designed to achieve outstanding value per watt per square foot for the
Banking industry
Oil company executives, including those at Hess, Occidental, Exxon, and others, have significant amounts of their net worth tied to the performance of their companies' stock prices. According to a Deutsche Bank report, executives Hess and Occidental are the most highly leveraged to changes in company share price. For
Banking industry
Asian stocks plummeted on Thursday, led by Sony and Samsung Electronics, after a drop in US home sales fueled concerns that the world's largest economy is slowing. The decline in US home sales, reported by the National Association of Realtors, sent shockwaves across the region, with all 10
Banking industry
Analysts' opinions on Dell's future prospects diverge following a lackluster second-quarter earnings report. While Chris Whitmore at Deutsche Bank raises his price target to $25, citing the company's undervaluation and expected benefits from Microsoft's Windows Vista release, Keith Bachman at Banc of America
Banking industry
European insurance stocks made significant gains yesterday after major brokers Citigroup and Deutsche Bank upgraded their stance on the sector, citing recent strong second-quarter results and the potential for cash returns to shareholders. The brokers' positive outlook was fueled by the adoption of IFRS accounting standards, which they believe
Banking industry
Australian utility group Alinta is reportedly weighing a potential bid for Thames Water, which has been put up for sale by its German parent RWE. Investment banks Goldman Sachs and Deutsche Bank are handling the auction, with first-round bids expected to be submitted this week. Alinta is working with JP
Banking industry
Leasing activity is on the rise in Jersey City, a mile west of Manhattan, as financial institutions and corporations take advantage of lower rents and tax incentives. In recent months, two major companies, Citigroup and Deutsche Bank, have signed leases to move 2,400 workers from Lower Manhattan to the
Banking industry
Vodafone made a significant entrance into the Australian debt market, issuing a $265 million 6.5-year fixed-rate Kangaroo bond in late July 2006. The telco's deal, led by Citigroup and Deutsche Bank, priced at 58 basis points over mid-swap, with a marketing range of 56-to-59 basis points. The
Banking industry
Tiger Woods' rise to golfing stardom began at an early age, winning his first tournament at the Optimist International Junior tournament at age 8. He would go on to play in his first PGA tournament, the Nissan Los Angeles Open, at just 16 years old in 1992. Over the
Banking industry
Taipei, a major victory for Taiwan High Speed Rail Corp. (THSRC), has been achieved with the signing of a second syndicated loan worth NT$40.7 billion ($1.24 billion) from a group of seven domestic banks. This significant financial boost comes after THSRC Chairwoman Nita Ing signed an agreement
Banking industry
Heinrich von Pierer, one of Germany's most influential business leaders, has spent his career steering Siemens, the 159-year-old industrial giant, through turbulent times and into a position of global dominance. As the chairman of the EU57bn conglomerate, Von Pierer has overseen the company's expansion into new
