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JPMorgan may exit physical commodities business

Exit Sign

JPMorgan announced on Friday that it is pursuing "strategic alternatives" for its physical commodities business, including any holdings of commodities assets and its physical trading operations.

Fabulous Fab's $1bn deal that nearly wasn't

John Paulson

The infamous transaction at the heart of the trial of former Goldman executive Fabrice Tourre almost never happened because Paulson & Co., the hedge fund that successfully wagered that the housing market would crash, almost backed out.

Siemens CEO Löscher said to fight his ouster


Siemens CEO Peter Löscher will fight the group's plans to oust him, German daily Sueddeutsche Zeitung reported on Monday, saying the chief of the industrial group will only step down if the company's chairman also quits.



China Flag

Senior China regulator targeted in Beijing stock probe

With the wild swings in the country's stock market showing no signs of abating, Beijing's attempt to put a lid on volatility has been ratcheted up a notch, with a senior official at the securities regulator tasked with propping up the stock market being placed under investigation on Wednesday.