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SocGen’s Bini Smaghi pushes back on suggestion from ECB’s Nowotny on rates

by synergycap1 | Mar 19, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

“I think it’s going to be difficult. I think the difference is that we have negative rates in Europe,” he said, contrasting the ECB’s domain to the situation faced earlier by the U.S. Federal Reserve. “And I think to some extent if you...

Union at Chile’s Escondida slams new offer from management

by synergycap1 | Mar 19, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

The labor union at the world’s largest copper mine, BHP Billiton’s Escondida in Chile, called a fresh offer of talks by management to end a 39-day strike “manipulative.” The union told Reuters on Sunday that it will decide whether to attend a...

Pressure builds on Trump to back off wiretap accusations

by synergycap1 | Mar 19, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

U.S. lawmakers from both parties said on Sunday they had seen no proof to support the claim by Republican President Donald Trump that his predecessor Barack Obama had wiretapped him last year, adding pressure on Trump to explain or back off his repeated assertion....

Here’s why China is backing globalization, according to Allianz’s CEO

by synergycap1 | Mar 19, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

“As they move forward they need partners because, when the dragon shows up in a small country or vis a vis a small company they want to invest in, people get scared,” he said. “And I think they will look to partners to help them on that journey,...

Facebook is looking for somebody to lead a retail push for consumer hardware

by synergycap1 | Mar 19, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

Facebook’s secretive Building 8 division is advertising for a retail manager to design “disruptive” experiences for selling Facebook consumer hardware. The job listing, which was previously reported by Business Insider, hints that Facebook has bigger...

Hedge Fund Titan’s Surefire Bet Turns Into a $4 Billion Loss

by synergycap1 | Mar 19, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

By GRETCHEN MORGENSON and GERALDINE FABRIKANT March 19, 2017 A little over two years ago, William A. Ackman, one of Wall Street’s brashest and most self-assured hedge fund managers, was on top of the world. A billionaire before he hit 50, he...
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