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Loeb says Third Point raised short bets to avoid losses

Billionaire investor Daniel Loeb has told clients his firm has taken more defensive bets in the face of tumbling markets by dramatically increasing its short positions, which helped Third Point avoid “calamitous” losses last year. The fund manager also said the firm cut stakes in companies that were exposed to China and commodity prices, which have fallen sharply. Loeb, whose $17.5 billion hedge fund has delivered an average return of 16.2 percent a year over the last two decades, did not mince words in his assessment of tumbling markets

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Loeb says Third Point raised short bets to avoid losses

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Greek PM says differences between lenders delaying bailout review: paper

Greek Prime Minister Alexis Tsipras said on Saturday that differences between the country's international lenders over its pension reform plans are delaying the first review of its latest financial bailout. The government has faced widespread protests over its reform plans however, as austerity-weary Greeks push back against yet more cuts to the country's welfare system. “There are differences among the lenders on Greece's pension reform that are delaying the whole process,…

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Greek PM says differences between lenders delaying bailout review: paper

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Some Chipotle customers say undeterred by E. coli outbreak

By Katie Reilly NEW YORK (Reuters) – Diners at Chipotle Mexican Grill locations on Saturday said freshness and convenience outweighed concerns about contamination following the news that food poisoning cases had erupted at the chain's locations in six U.S. states. Shares of the fast-casual chain tumbled 12.3 percent to an 18-month low on Friday on word that the E. coli outbreak, originally limited to Chipotle locations in Washington state and Oregon, had spread to four additional states: California, Ohio, New…

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Some Chipotle customers say undeterred by E. coli outbreak

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Monetary policy risks becoming ineffective in low growth world: ECB Coeure

Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday. Speaking at the University of California Berkeley, ECB executive board member Benoit Coeure called for academics and policy makers to address issues at the root of a global

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Monetary policy risks becoming ineffective in low growth world: ECB Coeure