Finance

Credit Suisse posts loss, CEO says ‘buy banks’

Credit Suisse on Thursday posted a pre-tax loss for last year after a challenging fourth quarter in which it took substantial charges and warned it expected markets to remain volatile throughout the remainder of 2016. CEO Tidjane Thiam said only time – most likely a couple of quarters – would help to restore calm on the markets. “The slowdown in ... Read More »

Beware this hurt and confused market: Strategist

After a brutal start to the year, professional investors find themselves in a miasma of confusion and loss — which could lead to even more dramatic moves in the sessions ahead. So contends Neil Azous, an investment strategist at Rareview Macro. “The professional community is either very confused or impaired at the moment, and possibly both,” Azous wrote in a ... Read More »

Top investor Malik: Don’t bet on a recession

Saira Malik, head of global active equity portfolio management for TIAA-CREF, believes the U.S. is not at risk of a recession. Instead, she’s using the pullback in the market this year to get long a group of stocks she thinks will outperform in the months ahead. “We aren’t worried about a recession at the present time as we believe developed ... Read More »

Buy the world’s riskiest stocks: Technician

One of the world’s riskiest investments may be getting ready for some relief rallies. Frontier markets, also known as pre-emerging markets, have seen significant pain in the past year. But according to some traders, the recent surge in oil may become a boon for those looking for a bounce in these exotic equity investments. Crude rallied 8 percent Wednesday, even ... Read More »

Early movers: STRZA, COP, CI , CBS, BZH, LB, DAL, GPRO, YUM & more

Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange. Check out which companies are making headlines before the bell: Starz — The movie channel operator was informed by Lions Gate that the movie studio intends to explore a “mutually beneficial” combination of the two companies. Clorox — The household products maker reported quarterly profit ... Read More »

RBI wants to connect better, issues ‘Master Directions’

The Reserve Bank today started the process of issuing ‘Master Directions’ on various regulatory issues in its bid to simplify the communication process. To begin with, it issued 17 such comprehensive directions covering foreign exchange transactions Master Directions on foreign exchange consolidate relevant circulars issued so far and cover different classes of transactions permitted under the rules and regulations under ... Read More »

HSBC pegs FY16 growth at 7.4%, says reforms key to push it up

Foreign brokerage HSBC has said the country is in the midst of a “credit-less” recovery and policy reforms are the main way ahead to achieve higher growth. Expressing dissatisfaction with the new way of GDP computation, its country economists, led by Pranjul Bhandari, estimated that the economy would clock a 7.4 per cent growth in FY16, and it would remain ... Read More »

It’s Groundhog Day all over again for these stocks

If things feel familiar in the markets, it’s because they are. Between repeating business cycles and the never-ending calendar of earnings announcements, it’s easy to feel caught in a monotonous loop of economic stagnation and sinking oil prices. For some major stocks, like Coca-Cola, PepsiCo and AT&T, Groundhog Day is often a reality. These stocks tend to repeat their performance ... Read More »

HTC One M10 (Perfume) has its specs outed

A couple of days ago famed leakster @evleaks brought us news that the upcoming HTC One M10 flagship (codenamed Perfume) would sport looks that are similar to those of the already launched One A9. And today he’s at it again, but this time with a pretty complete list of the phone’s most important specs. Let’s dive in then. The One ... Read More »

BlackBerry Priv launched in India at a steep $923

BlackBerry finally launched the Priv in the Indian market. However, if you have been looking forward to buying this phone then you will have to come to terms with the rather steep pricing. The phone is priced at INR 62,990, which is around $923. In comparison, the phone is priced at $699 in the US, which was already considered expensive ... Read More »