Pier DF

565 Flips | 10 Magazines | 14 Likes | 9 Following | 12 Followers | @pierdf | MBA and entrepreneur. International experience in the Financial sector. Owner of a 60 years family business.

Santander buys struggling Banco Popular for €1

MADRID -- Banco Santander SA has acquired Banco Popular Español SA in an overnight auction for the notional amount of EUR1 ($1.13) after the European …

ECB Expands Stimulus to $2.4 Trillion as Monthly Purchases Slow

The European Central Bank expanded its quantitative-easing program to exceed 2.2 trillion euros ($2.4 trillion) by the end of 2017, buying at a …

Economy

Target shares jump after earnings beat, guidance raised

Target Corp. TGT, -0.80% shares rallied 8% in premarket trading after the retailer reported third-quarter earnings that beat estimates and raised its …

IMF Chief to Recommend Board Approve $12 Billion Egypt Loan

The International Monetary Fund’s managing director said she would recommend the fund’s board approve Egypt’s $12 billion loan request.<p>The board will …

Economics

New Rules Transform $2.7 Trillion of Money Funds: QuickTake Q&A

Without much fanfare, there’s been a trillion-dollar upheaval in a favored corner of America’s financial system: the money-market funds where …

Flash Crash of the Pound Baffles Traders With Algorithms Being Blamed

During two chaotic minutes of Asian trading, the pound plunged the most since the Brexit referendum in June, with traders saying computer-initiated …

Stock Markets

In OPEC Hotel, Dealmaker’s Gambit Wins Saudi-Iran Agreement

Noureddine Boutarfa, the Algerian oil minister who hosted this week’s OPEC meeting, resorted to one of the oldest tricks in the dealmaker’s book: He …

Oil

Musk Seeks Mars Explorers With $200,000, Guts to Risk Death

Entrepreneur Elon Musk laid out a vision of travel to Mars that was heavy on both technology -- the how of getting there -- and on the dangers that …

Space Travel

Avoid the startup graveyard

Ludovic Ulrich Contributor<p>Ludovic Ulrich is head of startup relations at Salesforce.<p>The startup world moves at breakneck speed — what’s hot one minute is old news the next, and it can feel like the rules of the game change every day.<p>For successful startups, rapid growth often attracts the attention …

Startups

Super Mario's iPhone surprise fuels hopes for Nintendo

By Makiko Yamazaki<p>TOKYO (Reuters) - Nintendo Co's surprise announcement that its popular game franchise Super Mario Bros would debut on Apple Inc's …

Verizon to acquire Yahoo in $4.8 billion deal

Verizon Communications on Monday announced plans to acquire Yahoo for $4.8 billion in cash, ending months of uncertainty after Marissa Mayer's …

Advertising

Line spikes 30% in market debut after opening at $42 in largest tech IPO

Japanese social networking firm Line made its debut on the New York Stock Exchange Thursday at $42 per share, in the largest technology initial …

Wall Street

Global Tech Issue 2016

German 10-year sovereign bond yields turn negative for first time

The yield on the 10-year benchmark German bund fell into negative territory for the first time ever on Tuesday morning, amid global growth concerns …

Stock Markets

Microsoft Pays $26 Billion for LinkedIn in Biggest Deal Yet

Microsoft Corp. is acquiring the professional social network LinkedIn Corp. for $26.2 billion, one of the largest technology-industry deals on …

The City

Uber receives $3.5 billion more, valuation stays the same: Report

Uber Technologies Inc., the ride-hailing company, has received a $3.5 billion investment from Saudi Arabia's Public Investment Fund, according to The …

Power hungry

FOR months a profound somnolence has settled over Hinkley Point C, where the government hopes to install an £18 billion ($26 billion) nuclear power …

U.S. Dept. of Energy

The rule of flaw

ATLAS could hold up the sky. Atlante, Italy’s bank-rescue fund, looks like a weakling. The fund, which raised €4.25 billion ($4.9 billion) last …

print-edition icon

ONE of Albert Einstein’s greatest insights was that no matter how, where, when or by whom it is measured, the speed of light in a vacuum is constant. …

Going negative

GERMANY and the Netherlands are usually great supporters of central-bank independence. In the 1990s Germany blocked France’s push for a political say …

Brexit vote would damage UK economy, may push BoE to cut rates - Reuters poll | Reuters

LONDON (Reuters) - A British vote to leave the European Union on June 23 would hurt the economy, an overwhelming majority of economists said in a Reuters poll, and could push the Bank of England to cut interest rates for the first time since the financial crisis.<p>A Mini car is seen with a Union flag …

Economics

IMF Warns of Global Stagnation as Growth Outlook Cut Again

A prolonged period of slow growth has left the global economy more exposed to negative shocks and raised the risk that the world will slide into …

Economy

Saudi Rating Cut for First Time at Fitch on Lower Oil Prices

Saudi Arabia’s credit worthiness was downgraded at Fitch Ratings after the plunge in oil prices.<p>The kingdom’s rating was lowered one level to AA-, …

Oil

Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue

The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a plan to spread the burden of …

Budget Deficit

Crude Oil Prices Sink as Saudis Balk at Production Curbs

Doubts about the deal to curb output had already halted an oil price rebound<p>U.S. oil prices tumbled to their worst losses in a month Friday, bringing a six-week winning streak to an end on signs that the world’s biggest exporters may fail to complete a deal to cap their output.<p>Saudi Arabia’s deputy …

Oil

This Investor Shares The 3 Things He Looks For In An Entrepreneur | Inc.com

Managing Partner of Idea Booth and CEO of Webber Investments, Aaron Webber has sat through more than a handful of startup pitches from hungry, wide-eyed entrepreneurs.<p>When I asked him what advice he would give these aspiring or hopeful entrepreneurs, he said, "It's all about cash. You pay your …

Entrepreneurship

Here's Why Wall Street's Bad Quarter Is Really Bad News

It’s going to be a rocky earnings season for Wall Street. With the quarter about to come to a close, the big banks are looking at their worst quarter …

Spotify makes IPO guarantees to raise $1 billion in debt financing

Music-streaming site Spotify AB has raised $1 billion in convertible debt from investors, a deal that extends the money-losing company’s runway but …

Spotify gains $1 billion investment

Music streaming service Spotify has gotten a $1 billion injection of funds that can eventually be converted into stock.<p>If Spotify has an IPO within the next year, the investors -- private-equity firm TPG, hedge fund Dragoneer Investment Group and clients of Goldman Sachs Group Inc. -- can convert …

Private Equity

Valeant's ‘Circular Firing Squad’ Claims CEO Pearson

Open warfare has broken out at Valeant Pharmaceuticals International Inc.<p>After a series of conference calls over the weekend, the drugmaker’s …

Biotechnology