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UBS top economist reinstated after ‘pig’ row suspension

UBS top economist reinstated after ‘pig’ row suspension

A senior economist at UBS who was suspended after he made controversial remarks relating to a bout of swine fever in China is returning to work, according to two people familiar with the matter.Paul Donovan, chief economist at UBS Global Wealth Management, was placed on leave in June after he...

© Reuters.  CFTC Charges Head of Crypto Escrow Service with $7M Bitcoin Fraud

CFTC Charges Head of Crypto Escrow Service with $7M Bitcoin Fraud By Cointelegraph

© Reuters. CFTC Charges Head of Crypto Escrow Service with $7M Bitcoin Fraud The United States Commodity Futures Trading Commission (CFTC) charged Jon Barry Thompson, the head of a escrow service, with a $7 million Bitcoin (BTC)-related fraud. In an official news release published on Sept. 30, the regulator revealed...

Racial inequality is evident in homeownership in the US

Racial inequality is evident in homeownership in the US

A recent study by LendingTree looked at how much race affects homeownership rates in the 50 largest US metro areas.It found that, in the 50 metro areas, white Americans make up an average of 59% of the population and own about 73% of the owner-occupied homes.According to the study, the gap...

Silicon Valley investors call a summit to rethink the IPO business

Silicon Valley investors call a summit to rethink the IPO business

Powerful figures are gathering 2,500 miles from Wall Street to redesign one of its oldest and most lucrative businesses — but few from the industry will have a seat at the table.Venture capitalists and executives from hundreds of private companies will meet in Silicon Valley on Tuesday to discuss whether...

Companies issued record amount of debt in September

Companies issued record amount of debt in September

Companies across the globe sold a record amount of bonds in September, as low borrowing costs fuelled issuance and investors searching for yield lapped up the new debt. A total of $434bn of corporate bonds were sold globally in September, according to data from Dealogic. The new monthly high follows...

© Reuters. U.S. President Trump attends ceremonial swearing-in for Labor Secretary Scalia at the White House in Washington

U.S. House impeachment probe intensifies as Trump rages about inquiry By Reuters

© Reuters. U.S. President Trump attends ceremonial swearing-in for Labor Secretary Scalia at the White House in Washington By David Morgan and Roberta Rampton WASHINGTON (Reuters) - The U.S. House of Representatives' impeachment probe into President Donald Trump intensified on Monday, as Trump raged about the inquiry and news reports...

Supermodel Cheryl Tiegs' Bel-Air showplace is casting for a new owner

Supermodel Cheryl Tiegs’ Bel-Air showplace is casting for a new owner

Standout covergirl Cheryl Tiegs has put her Bel-Air home on the market at $18.5 million.The Balinese-inspired estate encompasses nearly 1.5 acres of tranquil grounds with a swimming pool, a guesthouse, pathways and fountains. The centerpiece showplace was created when Tiegs hired designer Martyn Lawrence Bullard. The collaboration resulted in him...

PayPal is first foreign company to win Chinese payments licence

PayPal is first foreign company to win Chinese payments licence

PayPal has become the first foreign company to acquire a payments licence in China, after buying a majority stake in a Chinese payments group.Guofubao (NationPay), a small Chinese online payments company, said on Monday that the central bank had approved PayPal’s acquisition of a 70 per cent stake in the...

Wall Street opens higher on Apple boost By Reuters

Wall Street opens higher on Apple boost By Reuters

(Reuters) - Wall Street's main indexes opened higher on Monday, lifted by Apple Inc (NASDAQ:), as investors shrugged off last week's reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.The Dow Jones Industrial Average () rose 32.08 points, or 0.12%, at the open to 26,852.33. The S&P...