Dougal Brech, global head of the prime-brokerage division that caters to hedge funds, has been suspended along with U.S. prime head Joshua Kurek and co-head of global equities Michael Caperonis, people familiar with the matter said. Douglas Lyons, global head of credit risk, will stay at the Tokyo-based firm but will be replaced by Patrick McGarry, said the people, who requested anonymity as the details aren’t public.
Nomura is among several global banks shaken by transactions with Archegos, an obscure investment firm set up to manage the fortune of trader Bill Hwang. Japan’s biggest brokerage, which lost some $2.9 billion on its dealings with Archegos, has hired external lawyers to conduct a “comprehensive, impartial review,” according to a presentation to investors Tuesday, and appointed a new head of its U.S. subsidiary earlier this week.
Corn Rally Gets Lift With U.S. Road Trips Stoking Biofuel Demand
Bloomberg 1 hr ago Kim Chipman
(Bloomberg) Corn’s stunning price rally is getting an extra boost as more U.S. drivers return to the open road.
Gasoline demand is on the rise, which means corn-based ethanol consumption is up too after a tough year in which the beleaguered industry was forced to shut down plants as pandemic restrictions slashed automobile travel.
“As driving recovers, as the economy recovers, we’re going to use more ethanol, and so that’s been bullish,” Scott Irwin, chair of agricultural marketing at the University of Illinois at Urbana-Champaign, told Bloomberg Television on Monday.
Mthuli Ncube Optimistic About Growth Forecast Due To Good Rains newzimbabwe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzimbabwe.com Daily Mail and Mail on Sunday newspapers.
Zimbabwe optimistic about growth forecast due to good rains The country’s treasury is sticking to its growth estimate of 7.4% as good rains will boost farm output 20 April 2021 - 19:17 Yousef Gamal El-Din and Manus Cranny Zimbabwean finance minister Mthuli Ncube. Picture: REUTERS
Dubai Zimbabwe’s treasury is sticking to its growth estimate of 7.4%, even after its president said the projection would have to be revised.
The forecast is “achievable” after the country had good rains that will boost farm output to the highest in four years, finance minister Mthuli Ncube said in an interview with Bloomberg Television on Tuesday. The International Monetary Fund expects the economy to grow 3.1% this year, after contracting for the past two.
IWF Berger: Chinas technologische Entkopplung würde globales BIP einbrechen lassen finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.