Sprott Asset Management LP, the Toronto-based firm founded by Eric Sprott, started its first global macro multimanager fund as it seeks to attract institutional investors seeking low volatility.
Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, raised its forecast cash payout to farmers as New Zealand drought conditions curbed supply and global milk powder prices surged.
Barclays Plc, the second-largest U.K. lender by assets, dismissed trading-division employees this week as it notified regulators its investment bank is cutting 275 jobs in New York City.
The U.S., Spain and Greece are among developed nations whose borrowings put them in a “ring of fire” amid sovereign debt concerns, said Pacific Investment Management Co., which runs the world’s biggest bond fund.
Australian uranium producer Paladin Energy Ltd. is tempting acquirers from Canada to China with a stock price that’s less than the value of its net assets as Japan restarts idled nuclear reactors.
Original artwork for the “Sgt. Pepper” album may sell for as much as 80,000 pounds ($129,000), 50 years after the Beatles released their first record.
A colorless 76.02-carat diamond sold last night in Switzerland for 20.4 million Swiss francs ($21.5 million) with fees, setting a record auction price per carat.
As global stocks return to a bull market, the losers in the U.S. are companies least tied to economic growth.
A few days after Troy and Carthage burn to a crisp for the last time in Berlioz’s “Les Troyens” at Covent Garden, they’re frying once more in the Albert Hall.
"The drought in the third quarter has been more severe and lasted longer than anyone might have predicted."
- John Wilson on Mar 26, 2013