Word: markets
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...troubles of today’s market were temporarily overshadowed by the more immediate concerns of going through the application process, but the downturn was far from forgotten...
...lone pitchers of water added insult to injury for the up and coming academics about to attempt the hardest job market in decades. The irony of food cutbacks for this meeting was simply cruel...
...long faced suspicions of financial misconduct in the island nation where he was born in 1957. He has been accused of being a supporter of the now-defunct Liberation Tigers of Tamil Eelam (LTTE) and of using his financial strength to gain a foothold on the Sri Lankan stock market and manipulate it to suit Tiger strategies to undermine the Sri Lankan economy. Though he has not faced any formal charges in Sri Lanka, Rajaratnam and the Galleon Group, the hedge fund he founded, have been linked by Sri Lankan financial authorities to a pending court case in which...
...Rajaratnam is a major foreign investor in the Colombo bourse individually as well as through Galleon. Rajaratnam has stakes in at least six banks listed in the bourse and in John Keells Holdings, the largest publicly traded company in the $10 billion market. The market fell 1.6% on Monday, the first day of trading after the Rajaratnam arrest. Brokers said the slide was a knee-jerk reaction to the arrest and could be weathered. "Sri Lanka is the flavor of the month and a lot of first-time international investors are coming in," says Murtaza Jafferjee, managing director...
...This week's fallout, however, would have been worse had Rajaratnam been arrested four years ago, when he was a more dominant force in the market. In 2005, when he made a move to shed some of his holdings, it too was met with the repetition of accusations that he was working on behalf of the Tigers. Just before Sri Lanka went to polls to elect a new President that November, Rajaratnam began selling shares. The move led to speculation that he had prior knowledge of a vote boycott forced by the Tigers in areas under the latter's control...