Day: October 4, 2018

Hedge fund Criterion Capital Management is shutting down after 16 years in business, the second large fund to announce its closure this week.

StockMarketNews.Today – The closing comes in the same week that $12 billion Highfields Capital also became one of the largest closures in recent history. As the year ends, hedge funds are starting to receive redemption notices from some clients and re-evaluating their future business plans.

Advertisements

A decade since Lehman Brothers bank collapsed, the world’s top lenders largely meet tougher capital requirements aimed at averting a repeat of the ensuing markets meltdown.

StockMarketNews.Today – The Basel Committee of regulators said that as of December 2017, the world’s 111 biggest cross-border or “Group 1” banks would have had a collective capital shortfall of just 25.8 billion euros ($29.8 billion), had all Basel’s rules been in force, a fraction of their earnings.

China is planning to sell $3 billion in U.S. dollar bonds this month, wooing foreign investors at a time of heightened trade tensions with the U.S. and turbulence in its own stock market.

StockMarketNews.Today – The offering is coming at a delicate time for the world’s second-largest economy. China’s gross-domestic-product growth is slowing and the pace of investment in factories and public-works projects has cooled this year.