Strauss-Khan resigns, denies sex charges
Amidst mounting pressures, beleaguered International Monetary Fund (IMF) managing director Dominique Strauss-Khan resigned on Thursday but insists he was innocent of the sexual assault accusations hurled against him.
End of days party on Saturday
It's the end of the world according to Christian evangalist Harold Camping and his Family Radio group. So what better way to meet the end of days by partying 'till you drop. And organizers of Saturday's party mean it almost literally.
Cargill announces resumption of cocoa operations in Côte d’Ivoire
Cargill's cocoa and chocolate operations at its production facility in Côte d'Ivoire have now resumed. Cocoa bean purchases have also recommenced, and exports of products and beans will also resume in the next few days.
BNY Mellon Alternative Investment Services tops $400 billion in hedge fund assets under administration
BNY Mellon Alternative Investment Services (AIS), a leading hedge fund service provider, announced that it has topped $400 billion in assets under administration, making it the second largest provider of solutions to hedge funds, funds of hedge funds, and private equity investments globally.
CIA deploys stealth drones in Pakistan to monitor bin Laden
The United States' top spy agency, the Central Intelligence Agency, deployed its latest stealth drone planes on dozens of secret missions to monitor the movements in the compound of Osama bin Laden before a team of crack Navy SEALs commandos launched the daring May 2 raid that killed the world's top terrorist.
South Korean police say crucified man was a suicide
The police in South Korea has ruled that the death of a taxi driver who was crucified on a wooden cross in an apparent recreation of the crucifixion of Jesus Christ was a suicide.
Court says Brazilian woman can masturbate legally at work
A Brazilian court has ruled that 36-year-old female accountant Ana Catarian Bezerra can legally masturbate at work and watch port on her work computer citing chemical imbalance that triggers severe anxiety and hypersexuality.
South Korean sex workers march to protest police clampdown
Hundreds of South Korean sex workers, including prostitutes and pimps took to the streets near a red-light district in the capital Seoul to demand from the police to slowdown on their campaign against brothels and the sex trade.
Hotel in Mexico introduces world’s most expensive ice lolly
At $1,000 or £600, the Marquis Los Cabos resort in Baja California Sur, a hotel resort in Mexico, has introduced the world's most expensive ice lolly.
Chinese man claims hospital tattooed his right buttock while unconscious
A Chinese man has locked himself inside a hospital in China's southwest Yunnan Province ans has refused to leave after accusing medical staff of tattooing his right buttock while he was unconscious during a surgery.
Managed futures gain 2.55% in April; diversified traders advance 3.46%
Managed futures gained 2.55% in April according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Barclay CTA Index is up 2.07%.
Greek default and deleverating of greater concern than inflation says RWC partners
RWC Partners' Head of Absolute Return Bond Strategies, Peter Allwright, believes that investors should be far more concerned about the effects of the "re-profiling" of Greek debt than the inflation numbers.
Ruby Rose and JVC launch Bustival: Sydney’s new pop-up user-generated music experience leads Australia’s festival summer
Australia's favourite VJ, model, designer, DJ and personality Ruby Rose has teamed up with leading electronics company JVC to introduce a new concept in music festivals: JVC's Bustival .
Hedge fund industry leverage declines as total capital reaches record level
Hedge fund industry leverage declined in the last 12 months, according to the HFR Leverage Report, released today by Hedge Fund Research, Inc. (HFR). Leverage declined as investor inflows and less volatile performance gains combined to increase global hedge fund industry assets to a record $2.02 trillion.
Pyxis mobile partners with Smartsoft to expand SAP integration capabilities
Pyxis Mobile, provider of the only cross-device mobile application development platform designed to meet customers' constantly changing needs, announced today that the company has partnered with Smartsoft International, Inc., to expand its platform's SAP integration and mobilization capabilities.
Newedge CTA Index up 3.57% in April, +2.19% YTD
Newedge, a global leader in multi-asset brokerage and clearing, today posted the monthly performance data for its suite of Hedge Fund Indices:
Driver lands in pool trying to dodge a rabbit
A 42-uear-old woman from Austria landed in a swimming pool after swerving to avoid a rabbit in the road.
Drink driver was so wasted he uses a pack of cigarettes to make a call
A video showing a Russian man who was so drunk he made phone calls using a packet of cigarettes, has went viral.
10-yr-old ran away travels 620 miles the wrong way
He "hitched" a ride to escape his father to meet with his mom, but ended up 620 miles off his destination.
Barclay Hedge Fund Index gains 1.32% in April (3.24% YTD), Healthcare & Biotechnology index best performer with +3.45% (6.10% YTD)
Hedge funds gained 1.32% in April according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date the Index is up 3.24%.
The Dow Jones Credit Suisse Hedge Fund Index up 1.80% in April, attracts $9 billion in fresh money
Oliver Schupp, President of Credit Suisse Index Co., LLC, said, "The Dow Jones Credit Suisse Hedge Fund Index rose 1.80% in April, with nine out of ten sectors posting positive performance for the month. Managed Futures was the best performing sector for the month, finishing up 5.40%."
CalPERS to divest stocks in companies doing business in Iran, Sudan
Responding to the impact of federal and international sanctions, the California Public Employees' Retirement System (CalPERS) today adopted a plan to divest shares of the remaining public companies operating in specific segments of the Iran and Sudan economies. New investments in these companies would be blocked as well.
Guinness rejects ‘circumcision party in Marikina City
The Guinness World Book of Records has rejected the bid of a Philippine city to set a new world record for the most number of boys participating in a so-called "Tule (Circumcision) Party." Guinness said it cannot accept Marikina City's bid due to hygiene concerns.
Chinese boy who lost legs in a quake, is now a competitive swimmer
An 18-year-old Chinese boy who lost nearly half of his body three years ago in the massive Sichuan earthquake has transformed himself as one of the country's top swimmers.
Police arrests ‘Batman’
The police in Michigan has arrested a man hanging off the ledge of a 30ft building while dressed as 'Batman."
Russian Prime Minister Putin is the ‘anointed one’ of all-female sect
An all-female sect in Russia has anointed Prime Minister Vladimir Putin and believes the tough-talking former top Russian spy, is a reincarnation of the early Christian missionary Paul.
Iran claims bin Laden was a U.S. prisoner before being killed
Iranian President Mahmoud Ahmadinejad on Sunday claimed that notorious terrorist Osama bin Laden was a prisoner in U.S. custody for "sometime" before he was killed by American forces in a daring raid in Pakistan early this month.
Hundreds of protesters clash with police outside Israeli embassy Cairo
Hundreds of Egyptian protesters demanding the expulsion of the Israeli ambassador and the severance of ties with the Jewish state, clashed with police outside the Israeli embassy in Cairo. Army troopers fired tear gas and shots into the air to disperse the protesters.
Attack in Guatemala farm kills 27
Authorities in Guatemala said that 27 people were killed with their heads decapitated on a northern farm on the Mexican border. Police believe the killings were drug related as drug gangs operate in the area.
Volatility in commodities driving prices up
Recent developments in the global crude oil markets, particularly rising tensions in the producing regions of the Middle East, have spurred the return of high levels of volatility to the crude and crude products markets.