Credit Suisse Group AG, the second- biggest Swiss bank, plans to cut more than 40 managing directors and directors at its investment bank in Europe, two people familiar with the plans said.
BusinessWeek.com — Finance
Stanford University, the fourth- richest U.S. college, lost its chief investment officer, Ken Frier, after less than one year on the job.
BusinessWeek.com — Finance
China faces the risk of a “hard landing” after 2013 as efforts to boost growth through investment lead to excess capacity, said Nouriel Roubini, the New York University professor who predicted the financial crisis.
BusinessWeek.com — Finance
Factory orders in Germany, Europe’s largest economy, rebounded in April from a slump in the previous month, led by stronger demand for investment goods.
BusinessWeek.com — Finance
Australia’s economy shrank in the first quarter by the most in 20 years as floods hurt exports, even as stronger business investment underscored the central bank’s forecast for a rebound in the second half of the year.
BusinessWeek.com — Finance
Investment spending in emerging markets is outpacing expenditures in developed economies for the first time, as a surge in infrastructure supports global growth and corporate profits
BusinessWeek.com — Finance
Shanghai Zen Investment Management Co., a hedge fund that beat 99 percent of its rivals this year by betting on commodities, is cutting its allocation in raw materials by 30 percent and likely to buy China and U.S. stocks.
BusinessWeek.com — Finance
Goldman Sachs Group Inc. bolstered the leadership of its investment-banking and merger-advisory divisions after the company fell to third place among takeover advisers this year.
BusinessWeek.com — Finance
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