Reuters/Anindito Mukherjee Good morning! Here’s what you need to know in markets on Wednesday. Chinese manufacturing is on a bit of a roll. China’s manufacturing sector expanded for the third month in a row in May, albeit at a marginal pace of growth. According to China’s National Bureau of Statistics (NBS), the official manufacturing purchasing […]

Beautique Beautique’s back lounge is accessed through a secret entrance. Dubbed everything from “a playpen for millionaires” by the New York Post to “a local watering hole for oil tycoons” by the Wall Street Journal, Beautique is famous for its luxe crowd.  The lavish NYC bar, restaurant and lounge draws in everyone from business moguls to […]

Gary Cohn, president and chief operating officer at Goldman Sachs, just spoke at the Deutsche Bank Global Financial Services Investor Conference. His presentation focused on the bank’s institutional client services unit, which houses the bank’s equities and fixed income, currencies and commodities sales and trading teams.  Included in the presentation was this slide below, setting out […]

The European private equity firm Cinven and Canada Pension Plan Investment Board (CPPIB) announces an agreement to acquire Hotelbeds Group, the global provider of travel services based in Spain, from Tui Group for a total enterprise value of €1.165 billion. Being the largest independent business-to-business (B2B) global bedbank, Hotelbeds offer hotel rooms to the […]

Thomson Reuters Cohn, President and Chief Operating Officer, Goldman Sachs attends the session ‘Where Is the Chinese Economy Heading?’ of the annual meeting of the World Economic Forum (WEF) in Davos What do your clients think of you? It seems like a pretty elemental question for anyone in a service industry. In bond trading, however, […]

Solar Impulse The Solar Impulse in 2014. Flying around the world fueled only by sunshine, the Solar Impulse is now two-thirds of the way through the first-ever attempt to fly around the world in a solar-powered aircraft. The plane is currently making final preparations for its trip across the Atlantic from the eastern United States. Swiss pilots Bertrand Piccard and André […]

Reuters Outgoing Valeant CEO, Michael Pearson Parting is such sweet sorrow. It’s especially sorrowful if you’re leaving a company after overseeing the collapse of its stock by almost 90% over the past year. It’s especially sweet, though, if you’re going to get paid $ 83,333 a month for the rest of the year to “consult” for […]