Analyst news

• Kashkari takes on Wall Street from farm-rich Fed region

  03-04-2016 20:48 via news.yahoo.com
  
  From his seat atop the Fed's smallest bank, in a region known for fracking, farming and ranching, Neel Kashkari wants to make sure he's heard well beyond the northern plains. Since becoming president of the Federal Reserve Bank of Minneapolis this year, the 42-year-old Kashkari has gone on a media blitz, visiting nine major media outlets in two days and creating a Twitter hashtag to promote his view that the biggest U.S. banks should break up. On Monday, he will host a symposium at his bank in d
  
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• Malaysia’s 1MDB says it did not provide funds to produce Hollywood film

  03-04-2016 12:21 via rocketnews.com
  Cast member Leonardo DiCaprio arrives for the premiere of the film adaptation “The Wolf of Wall Street” in New York December 17, 2013. REUTERS/Lucas JacksonMoreKUALA LUMPUR (Reuters) – Malaysian state fund 1Malaysia Development Berhad (1MDB) on Sunday denied reports that it had provided funds to finance the 2013 Hollywood film The Wolf of Wall Street.
  The Wall Street Journal reported on Friday that global investigators believe much of the funds used to make the film were divert
  
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• MIDEAST STOCKS-Saudi falls after oil retreats, Egypt edges up

  03-04-2016 10:49 via rocketnews.com
  DUBAI, April 3 (Reuters) – Investors in Saudi Arabia sold stocks in early trade on Sunday after oil prices retreated at the end of last week and because of uncertainty over economic policy, while Egypt’s bourse edged up.
  Riyadh’s index fell 1.5 percent in the first hour of trade. Saudi deputy crown prince Mohammed bin Salman told Bloomberg at the weekend that the Public Investment Fund would eventually control more than $2 trillion, partly by taking over shares in national oil
  
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• MIDEAST STOCKS-Gulf markets may soften after oil snap-back

  03-04-2016 07:46 via rocketnews.com
  DUBAI, April 3 (Reuters) – Stock markets in the Gulf may kick off the second quarter on a weak footing on Sunday after oil prices tumbled about 4 percent at the end of last week.
  Saudi Arabia will agree to freeze crude oil production levels only if Iran and other major producers do so, the kingdom’s deputy crown prince said in an interview with Bloomberg. Brent crude settled at $38.67 a barrel on Friday; it fell 3 percent for the week but finished the first quarter up 6 percent.
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