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Latest Stories
Australians Fret About Crash With Fortescue Metals Growth Stock
Neville Power gazes out the window of a chartered jet at the rust-red, mineral-rich Australian Outback.
Remaking Japan Requires Breaking Rules With Plan for Ground Zero
Yoshihiro Murai, governor of Miyagi, the prefecture that was the ground zero of the March 11 earthquake and tsunami, stands before a gathering in Tokyo of 300 representatives of Japan’s biggest companies and community organizations.
Morgan Stanley Bet the Farm in Ukraine Before Taxpayers’ Bailout
Iowa native Justin Bruch marveled at the opportunity when Morgan Stanley called in late 2007 to recruit him for an unusual assignment.
Koch Brothers Flout Law Getting Richer With Secret Iran Sales
In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
Dudley Proves This Isn’t Your Father’s New York Federal Reserve
It’s a quiet September morning outside the headquarters of the Federal Reserve Bank of New York on Liberty Street in downtown Manhattan.
Rousseff Crisis Spurred by Lula Debts as Brazil Boom Diminishes
On a cool July evening, Brazilian President Dilma Rousseff hosts a cocktail party for 50 leaders of her governing coalition, Bloomberg Markets magazine reports in its November issue. Speaking from the foot of a red-carpeted staircase in the living room of Alvorada Palace, where she lives with her mother and aunt, Rousseff tells the gathered politicians that these are the best times for Brazil, according to four people who attended.
Scaramucci Schmoozes His Way Into Funds
Anthony Scaramucci fist bumps investors as he makes his way through a poolside party at the Bellagio Hotel in Las Vegas on a May evening.
Most Influential 50 People in Global Finance Full List: Bloomberg Markets
Ray Dalio, founder of Bridgewater Associates LP, boasts 15 percent annualized returns over two decades for his main hedge fund and 25.3 percent this year (through Aug. 31) amid extraordinary economic turmoil. He runs more money than any of his macro rivals.
Feldstein on Taxes Sways Democrats More Than Fellow Republicans
In 1961, Martin Feldstein faced a choice: Become a doctor -- or an economist. He had finished his bachelor’s degree in economics from Harvard College and been accepted to Harvard Medical School. He went with economics, enticed by a Fulbright scholarship to study at Oxford University in England. Once there, he found a way to combine his two areas of interest, Bloomberg Markets magazine reports in its October special issue on the 50 Most Influential people in global finance. The first paper he published was an economic analysis of Britain’s National Health Service.
One-Man Lobby Dimon Presses Washington to Ease Bank Regulations
The event was a June 8 American Bankers Association conference on international economics in Atlanta, and the keynote speaker was Federal Reserve Chairman Ben S. Bernanke. During a question-and-answer period, Jamie Dimon, chief executive officer of JPMorgan Chase & Co., waited patiently while several other bank executives threw polite queries at the central bank head, Bloomberg Markets magazine reports in its October special issue on the 50 Most Influential people in global finance.
Lagarde Uses IMF Role to Prod Europeans to End Debt Haggling
A week after becoming the only woman in history to take charge at the International Monetary Fund, Christine Lagarde notched another milestone: she nominated Zhu Min, a former deputy governor of the People’s Bank of China, as a deputy. Zhu is the first Chinese deputy managing director since the fund’s founding in 1945.
Ambani Aims Beyond India With Reliance $16 Billion Cash Hoard
Mukesh Ambani doesn’t do small. He is the richest man in India. His company, Reliance Industries Ltd., operates the largest oil refinery complex ever built from scratch.
Dalio Returns 25% With Diversified Bets as Markets Convulse
Bridgewater Associates LP founder Ray Dalio can rattle off the investing fads he’s witnessed since he began trading as a 12-year-old golf caddie: the Nifty-50 stock craze of the 1970s, the 1980 gold bubble and even the 60- 40 stock-to-bond mix.
Mogul Using $100 Million in Race to Cure Daughter Lures Novartis
Goldman Sachs Group Inc. partner Dinakar Singh discovered in 2001 that his 19-month-old daughter, Arya, had a crippling genetic disease called spinal muscular atrophy.
Murray Takes Glencore From Rich Legacy With Foreign Legion Vigor
During five years in the French Foreign Legion, Glencore International Plc Chairman Simon Murray was sent on missions ranging from death defying to merely gruesome.
Apple Using ICloud to Lock in Users After Online Misfires: Tech
Apple Inc.’s iCloud service, part of its first product release since the Oct. 5 death of Steve Jobs, may cement the loyalty of millions of consumers lured by Jobs’s pioneering mobile devices over the past decade.
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Being Like Soros in Buying Farmland Reaps Annual Gains of 16%  
Surging Latin American Economies Unmasking Hidden Billionaires    
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