A â??strictly confidentialâ?� report on Greeceâ??s debt projections prepared for eurozone finance ministers reveals Athensâ?? rescue programme is way off track and suggests the Greek government may need another bail-out once a second rescue â?? set to be agreed on Monday night â?? runs out.
Investors should have 100 percent of investments in equities because of valuations and higher returns than bonds, said Laurence D. Fink, chief executive officer of BlackRock Inc. (BLK), the worldâ??s largest money manager.
Anthony Chiasson, co-founder of Level Global Investors LP, and three other men arrested last month for allegedly participating in a â??criminal clubâ?� of inside traders that reaped almost $62m from Dell Inc. shares were indicted by a federal grand jury in Manhattan.
David Einhorn and his firm, Greenlight Capital, have been fined £7.2m by UK regulators for trading ahead of a 2009 equity fundraising by Punch Taverns.