Live Breaking News & Updates on ஜேசன் தே

Stay updated with breaking news from ஜேசன் தே. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Fundies fret over peak iron ore


Fundies fret over peak iron ore
Save
Share
A sharp fall in the iron ore price, as China tries to jawbone down the cost of commodities, has fund managers on tenterhooks about whether the price of Australia’s biggest export has peaked.
The iron ore price spiked to a record high of more than $US230 a tonne earlier this month, far surpassing the $US55 a tonne price that the government has pencilled in for next year.
William Curtayne says the global uptick in construction supports steel and iron ore demand. 
Louise Kennerley
But the spot price fell $US11.13, or 5.3 per cent, on Friday to $US200.72, according to Fastmarkets MB, while S&P Global Platts said its key iron ore index fell $US10.75 or 5.1 per cent to $US200.10 on Friday. ....

William Curtayne , World Steel Association , World Steel , Milford Asset , Jason Teh , Vertium Asset , உலகம் எஃகு சங்கம் , உலகம் எஃகு , மில்ஃபோர்ட் சொத்து , ஜேசன் தே ,

Credit Suisse revolt to remove risk chief, 53,after Archegoes and Greensill scandals

Credit Suisse revolt to remove risk chief, 53,after Archegoes and Greensill scandals
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

United Kingdom , New York , United States , Rutgers University , New Jersey , City Of , New South Wales , Carnegie Mellon , David Cameron , Christian Meissner , Thomas Gottstein , Rachel Reeves , Martin Gould , Joachim Oechslin , Tidjane Thiam , Thomas Grotzer , Lara Warner , Mike Novogratz , Tiger Asia , David Herro , Kook Hwang , Andreas Gottschling , Karen Kessler , Brian Chin , Vincent Kaufmann , Jesse Norman ,

Credit Suisse overhauls management as it takes $4.7 billion hit on Archegos


6 Min Read
ZURICH (Reuters) -Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk division.
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann
The scandal-hit bank now expects to post a loss for the first quarter of around 900 million Swiss francs. It is also suspending its share buyback plans and cutting its dividend by two thirds.
Switzerland’s No. 2 bank, which has dumped over $2 billion worth of stock to end exposure to Archegos, said Chief Risk Officer Lara Warner and Brian Chin, the bank’s investment banking head, were stepping down following the losses. ....

New York , United States , United Kingdom , New South Wales , Zuercher Kantonalbank , Edwina Gibbs , Christian Meissner , Thomas Gottstein , Michael Kunz , Joachim Oechslin , Thomas Grotzer , Tidjane Thiam , Tom Westbrook , Lara Warner , Tiger Asia , Ulrich Koerner , Brenna Hughes Neghaiwi , John Revill , Brian Chin , Matt Scuffham , Urs Rohner , Ira Iosebashvili , Thomson Reuters Trust Principles , Baidu Inc , Viacomcbs Inc , Scs Group ,