Hedge fund manager David Einhorn’s Greenlight Capital, which had its worst year in 2018, is up 11 percent so far this year and will soon be open to take in new cash, a source familiar with the matter said on Wednesday.
Industrial conglomerate United Technologies Corp reported a better-than-expected fourth-quarter profit on Wednesday and forecast 2019 earnings above estimates, boosted by acquisition of aero parts maker Rockwell Collins.
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.
J.P. Morgan Asset Management has turned more constructive on prospects for global stock markets, saying it saw opportunities among cheaply valued mid-cap companies and financials following a year of weak returns.
The Bank of Japan cut its inflation forecasts on Wednesday and warned of rising risks to the economy from faltering global demand, further pushing back policymakers’ years-long efforts to foster durable growth.
Asian stocks took a breather on Wednesday, with mounting signs of slowing global growth and concerns over a yet-unresolved Sino-U.S. trade dispute putting the brakes on investor appetite for risk assets.