ECB sources told Reuters the market had overinterpreted chief Mario Draghi's comments that the central bank was ready to start withdrawing stimulus.Read More »
The richest people on the planet just added new members to their exclusive club. The world’s ultra-high net worth population — individuals with $30 million or more in assets — grew by 3.5% to 226,450 individuals in 2016 after a sharp fall a year earlier, according to new data by global wealth consultancy Wealth-X. Their combined wealth also increased in 2016 by 1.5% to $27 trillion. There were sharp regional fluctuations in dollar-denominated wealth creation last year, with North America (up 5.1%) recording the only significant rise in wealth, followed by Asia (up 3.5%). “The picture was subdued in Europe, with the ultra wealthy population and its total wealth edging slightly lower, while fortunes
Shares of Halliburton (HAL) are moving higher today. That likely reflects higher oil prices, but don't overlook a possible acquisition of pump-maker Summit ESP. Illustration: Agence France-Presse/Getty Images RBC's Kurt Hallead considers the implications of a potential deal: This possible transaction is in line with management comments that suggested their intention to acquire Artificial Lift and Production Chemicals businesses. In our view, Summit ESP would be a strong fit within HAL and would contribute an experienced operations team with mostly Baker Hughes ( BHI) backgrounds... According to Spears & Associates, Summit ESP generated revenue of $180mn in 2016. The total artificial lift market
Having a clean rap sheet isn’t what it used to be. These days, employment screenings are not a simple matter of checking for a criminal history or even with previous employers, as Reddit users discussed in this recent popular thread about background checks. “Employers want no surprises,” said Steve Langerud, workplace consultant and principal of Steve Langerud & Associates in Grinnell, Iowa. Don’t miss: What to do when, like James Comey, you suddenly get fired Nearly three-quarters of employers say they perform a background check on every new employee, according to a 2016 survey from career website CareerBuilder. But a criminal check is just one of the many things employers are looking for today.