Articles by Daniel Pereira

Gaming industry heavyweights facing uncertain futures

The videogame industry, upended by a surge in the popularity of 'casual' mobile and social gaming apps, faces some dramatic years of rethinking and evolution. At the beginning of the current... Read >>

JPMorgan losses grow as speculation intensifies

According to analysts at Morgan Stanley ( MS ), the losses sustained by JPMorgan Chase's ( JPM ) chief investment office in London will reach $5 billion rather than the $3... Read >>

Barclays Bank set to sell entire $6.1 billion BlackRock stake

Barclays Bank ( BCS ) - the second largest bank in the United Kingdom by assets - announced Monday that it will dispose of its entire ownership in BlackRock ( BLK ), the... Read >>

Brazilian real slips below key mark against dollar

The Brazilian real slipped to R$2.00 versus the U.S. dollar in Monday trading , a key benchmark which suggests that finance minister Guido Mantega has made progress in battling the... Read >>

What JPMorgan's $2 billion loss means for the bank and the industry

Last week, JPMorgan Chase ( JPM ) announced in its quarterly report that its London trading desk lost $2 billion in a risky series of financial transactions that hedged the bank against... Read >>

Cyberwarfare threat against energy infrastructure remains poorly understood

The Stuxnet virus - most likely created and deployed by U.S. intelligence services - represented a new phase of warfare, in which malicious code could physically and dramatically affect... Read >>

Australian dollar slides in response to RBA rate cut

The Australian dollar lost ground in trading today, falling about 1 percent against the U.S. dollar, the Japanese yen, the British pound and the euro. The main driver for the decline came... Read >>

Will we see a new wave of shareholder activism?

Earlier this month, Citgroup ( C ) shareholders voted to reject a $15 million pay package for chief executive officer Vikram Pandit, with 55 percent of the votes against the... Read >>

Anti-Iran Sanctions Prompt Oil Jousting

Iran's oil customers have begun significant jousting and re-positioning to avoid trouble caused by the U.S. sanctions levied against the Middle Eastern nation. Iran's commerce partners are... Read >>

Haunted Europe - the specters of crisis

Until this weekend, investors and policymakers generally regarded the Dutch government as a basically uninteresting sideshow to the critical issues facing the European Union. Yet a... Read >>

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