Revenue for the quarter rose 3 percent. Subscription software reached more than $1 billion for the first time. Oracle has been pushing hard in public cloud, aiming to compete with market leader Amazon Web Services (AWS). In May, Oracle said AT&T would move thousands of databases to its cloud. However, the second-generation cloud infrastructure that
0 Comments
The key for investors, as always, is to look forward. And while the recent past has been a great environment for long-only risk assets, hedge funds can provide several unique advantages for investors, including the potential for capital preservation, return enhancement and portfolio diversification. Since World War II, the S&P 500 Index has experienced 10
0 Comments
It has been a decade since Stephen Schwarzman listed Blackstone, his private equity firm, on the New York Stock Exchange. By most measures, the past 10 years have been good to both Mr Schwarzman and Blackstone. Its asset base quadrupled to nearly $400bn. His name adorns the New York Public Library’s landmark Fifth Avenue building
0 Comments
The head of Hong Kong-listed China Minsheng Banking said it had lent Anbang Insurance Group only US$100 million, brushing aside speculation about a loan of up to 100 billion yuan (US$15 ­billion) to the insurance and financial giant, mainland ­media reported. The remarks by the bank board chairman, Hong Qi, came after reports that Anbang
0 Comments
A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world’s premier financial centres, even as Beijing struggles to tame the former British colony politically. Twenty years after Hong Kong’s handover to Chinese rule, scores of mainland professionals are filling the elite
0 Comments
While multilateral development banks (MDBs) can support the infrastructure buildout in Asia, national governments need to be the institutions driving the process, a panel of experts said on Saturday. The panel held during an Asian Infrastructure Investment Bank (AIIB) meeting in Jeju, South Korea, focused on the work of governments, commercial banks and multilateral institutions
0 Comments
As Wall Street digests Amazon’s $13.7 billion offer to buy Whole Foods Market, Jim Cramer flagged some key events and reports on the horizon that could further sway the market. “It’s tough to come back to earth after trying to explore the implications of the most disruptive, most game-changing takeover I can recall, … Amazon’s
0 Comments
There will be an explosion of volume at the close today as it is both a quadruple witching expiration (the quarterly expiration of stock index futures and options and individual stock and index futures and options) and the quarterly rebalancing of the S&P 500. The S&P rebalances every quarter to account for additions and reductions
0 Comments