CME Group to Increase Holdings in Dubai Exchange

On Tuesday, CME Group Inc. (CME) announced that it increased its holdings in the Dubai Mercantile Exchange (DME) through a recapitalization plan.In restructuring DME's equity shareholding, CME Group's NYMEX division, which created DME in 2007, will increase its holdings from 25 percent to 50 percent through the agreement. Oman [...]

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Gold Rises after Greek Bailout

Gold prices are up today after the second Greek bailout was agreed upon late last night by member of the Euro zone. Gold was up close to $30 to $1,756.10 this morning.Now that the Greek bailout has been signed investors can move on the next worry that is, yet [...]

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Falcone’s LightSquared Hits another Roadblock

LightSquared, hedge fund manager Phil Falcone’s venture to bring a national wireless service, had hit another roadblock.  Satellite telecommunications firm, Inmarsat PLC sent LightSquared a default notice yesterday because Inmarsat says they have not received a $56.3 million payment which was agreed upon when they began their partnership. LightSquared fired [...]

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Could Oil Stocks be the Next Rush?

Since the Iran confrontation began oil has been sharply higher.  In fact as of this writing, oil trades at $105, up big in the last week.  However, we could be just beginning according to Vitol, the world’s largest energy trader. Vitol believes we could be hitting $150 oil in [...]

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Unhappy RBS Investment Banking Employees – Morning Update

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals. Today’s Top Stories:FREE HF 13F Report: Next week the StreetofWalls team will be releasing the 4Q 2011 Hedge Fund Intelligence Report, free sign-up http://bit.ly/y2CMbx Europe Update: no G20 agreement on extra IMF funds [...]

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Economy Grows in January: Leading Indicators

Source: Pixabay The Conference Board announced today that an index of leading economic indicators rose 0.4%, showing that the US economy is finally gaining ground and expanding.  The Conference Board also commented that they expect growth to pick up this year especially in spring and summer. “This fourth consecutive gain in [...]

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Vocal Insider Trading Critic Arrested

On Friday, the Federal Bureau of Investigation arrested one of the industry's most vocal critics about insider trading, research analyst John Kinnucan. He has been accused of trading corporate secrets with hedge funds for cash, reported The New York Times. What's interesting about Kinnucan is his vocal challenges about the [...]

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Market News: Inflation Jumps

Market Update   Market ActionUS:  Dow: 12945.60 (0.32%), S&P 500: 1360.60 (0.19%), NASDAQ: 2950.84 (-0.31%) Europe: CAC: 3439.62 (1.35%), DAX: 6848.03 (1.40%), FTSE: 5905.05 (0.33%). Asia:China: 2357.18 (0.01%),Hong Kong: 21491.62 (1.00%),India: 5564.30 (0.77%),Japan: 9384.17 (1.56%) Metals: Gold: 1725.50 (-0.17%), Silver: 33.26 (-0.33%), Copper: 3.72 (-1.94%) Energy: Crude Oil: 103.30 (0.97%), Natural Gas: 2.70 (5.22%) Commodities: Corn: [...]

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Yelp to Raise $100 Million in IPO

The popular user-review website Yelp is ready to join the public markets this spring. It will try to raise up to $100 million in its upcoming IPO. In a regulatory filing on Thursday, the San Francisco-based company said it plans to offer 7.15 million shares for $12 to $14 each, according [...]

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QE3 Starting To Get Priced In – Morning Update

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals. Today’s Top Stories:FREE HF 13F Report: Next week the StreetofWalls team will be releasing the 4Q 2011 Hedge Fund Intelligence Report, free sign-up http://bit.ly/y2CMbx Greece Update: There is a Eurozone finance ministers meeting [...]

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China’s Minmetals Resources Enters Africa

Minmetals Resources LTD. says it has secured ownership of African-focused base metals mining and exploration group, Anvil Mining Ltd, after acquiring 90 per cent of the company's shares at eight-dollars each. The Hong Kong-listed Minmetals, which is majority, owned by state-run China Minmetals Nonferrous Co., said that it would [...]

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MF Global Customers Find New Way to Get Money Back: Sell Claims

With MF Global customers impatiently waiting for the return of missing their funds, help may soon be on the way. But it won't come from a traditional source. Customers have been approached by investors that grab bankruptcy claims or other depressed distressed situations and offer to purchase them at a [...]

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Och-Ziff’s Massive AUM Decline Due to Inadequate Diversification

Och-Ziff’s low risk appetite due to inadequate diversification Och-Ziff’s have exposure predominantly in North America and Europe, limiting its investors’ to enjoy growing Asian economies like China and India at its fullest. On the back of group’s current investment strategy, it holds low immunity for major economic turndown in the [...]

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Market News: Housing Starts Soar

  Market Update     Market Action  US:  Dow: 12898.67 (0.92%), S&P 500: 1356.62 (1.00%), NASDAQ: 2955.26 (1.35%) Europe: CAC: 3393.25 (0.09%), DAX: 6751.96 (-0.09%), FTSE: 5885.38 (-0.12%). Asia:China: 2356.86 (-0.42%),Hong Kong: 21277.28 (-0.41%),India: 5521.95 (-0.18%),Japan: 9238.10 (-0.24%) Metals: Gold: 1729.20 (0.06%), Silver: 33.48 (0.20%), Copper: 3.81 (0.11%) Energy: Crude Oil: 102.37 (0.56%), Natural Gas: 2.56 (5.53%) Commodities: [...]

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FSA Fines Broker in Einhorn's Insider Trading Case

In his phone conversation about English pubs, the fallout from Greenlight Capital's hedge fund manager David Einhorn's call continues to be a very expensive one. On Thursday, former Merrill Lynch banker Andrew Osborne was fined almost $550,000 by the Financial Services Authority for revealing inside information about Punch Taverns LLC to [...]

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T. Boone Pickens Continues to Tout Natural Gas

Energy billionaire, T. Boone Pickens has been campaigning natural gas for years now.  Pickens believes the only way to energy independence is through natural gas that is here at home.  He argues that it would cut our addiction to costly, foreign oil and bring more jobs to the United [...]

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Gold Demand Soared in 2011

In 2011, we saw countries that were having a hard time managing their debt.  The United States had trouble raising the debt ceiling in August and was on the verge of default.  The crisis in Europe continued to carry on with little progress made.  Analysts were speculating that China’s [...]

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China’s FDI and Trade Outlook Horrible Says Commerce Spokesperson

Image Caption: Propio, Trabajo. "Vista De Shanghai Desde El Hotel Peace, Shanghai View from Peace Hotel." Amid slowing economic growth and Europe's fiscal woes, China’s commerce ministry said the outlook for foreign investment and trade is “grim”. "Due to growing downward pressures in the world economy, the external environment for [...]

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Warning: Investment Banking Could be Physically Dangerous

Investment banking is not a field one thinks of as "dangerous." When the word danger comes to mind people tend to think of professions in coal mines, Nuclear Reactors, Navy seals etc. However sitting in the office of Goldman Sachs and working on an IPO does not usually come [...]

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MF Global Investigators Free to Turn Over Documents

In a much-needed break for investigators, the trustee of MF Global Holdings Ltd. bankruptcy proceedings will give federal investigators a large volume of documents from the firm's last days. Many believed the missing documents had been holding up the investigation. According to the bankruptcy court overseeing the MF case, the trustee overseeing [...]

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Wall Street hits session lows – Mid Day Market Update

Market Action  US:  Dow: 12799.11 (-0.61%), S&P 500: 1348.31 (-0.16%), NASDAQ: 2934.32 (0.09%) Europe: CAC: 3390.35 (0.43%), DAX: 6797.94 (0.44%), FTSE: 5892.16 (-0.13%). Asia:China: 2366.70 (0.93%),Hong Kong: 21365.23 (2.09%),India: 5531.95 (2.10%), Japan: 9260.34 (2.25%) Metals: Gold: 1728.90 (0.65%), Silver: 33.40 (0.17%), Copper: 3.81 (-0.16%) Energy: Crude Oil: 101.67 (0.92%), Natural Gas: 2.42 (-4.54%) Commodities: Corn: [...]

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JANA PARTNERS Going Activist on Netflix?

Hedge funds have a strong influence over the marketplace.  These funds have billions under management and can move in on a stock to make money or changes to the business.  For activist hedge fund manager, Barry Rosenstein he chooses both sides. Recently, the manager of Jana Partners bought a huge [...]

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