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☆ I'm an archivist at the Pro Football Hall of Fame. I've given tours to Bill Belichick and shown Tom Brady his own draft card.
▼ + stars: | 2022-11-27 | by ( Vince Guerrieri | ) www.businessinsider.com time to read: +5 min

Jon Kendle wanted to work in sports so got a summer internship at the NFL Hall of Fame in 2005. Kendle is now the vice president of museum and archives for the Hall and met Tom Brady on the job. I was born and raised in Canton, Ohio, the home of the Pro Football Hall of Fame. I was able to run down to the archives and find Tom Brady's draft card and show it to him. The draft card is just a piece of paper with a name written on it, but it means so much more.

HONG KONG, Nov 22 (Reuters) - Credit Suisse (CSGN.S) has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with knowledge of the matter told Reuters, as part of a global restructuring and as its China business slows. Credit Suisse declined to make specific comments on the layoffs in China when contacted by Reuters. Two sources said that more than 20 China-based investment bankers have been notified about the job cuts at Credit Suisse Securities (China), the bank's 51%-owned joint venture. Credit Suisse's China annual report shows it had 68 people in its investment banking department at the end of last year. At Credit Suisse's China venture, about 10 research staff have been let go, the sources said.

☆ The manager of an international Fidelity fund breaks down why he invests without obsessing over traditional valuation metrics — and how it's helped him beat 91% of competitors this year
▼ + stars: | 2022-11-11 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

But the Fidelity International Small Cap Fund is having its best year relative to peers in a decade. When Fidelity launched the Fidelity International Small Cap Fund (FISMX) in 2002, the timing turned out to be perfect. International stocks were about to embark upon six straight years of outperforming their US-based peers by at least 5%. International stocks underperformed their American peers by 6.4% in 2008 and lag behind US stocks for 10 of the next 13 years. Yet despite that unforgiving environment for foreign stocks, Fidelity's $2.9 billion international small cap fund has beaten 98% of competitors over the past 15 years, according to Morningstar.

☆ Meet the 11 execs leading Bridgewater into a new era after Ray Dalio relinquished control of the hedge fund
▼ + stars: | 2022-11-04 | by ( Alyson Velati | ) www.businessinsider.com time to read: +14 min

Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Karen Karniol-Tambour, cochief investment officer for sustainabilityKaren Karniol-Tambour, Bridgewater's cochief investment officer for sustainability. Rebecca Patterson, chief investment strategistBridgewater's chief investment strategist, Rebecca Patterson. In 2012, she joined as the chief investment officer of Bessemer Trust, managing $85 billion in client assets. The partnership elected three directors to Bridgewater's operating board of directors, which now has control over Bridgewater after Dalio relinquished control of the hedge fund.

☆ Putin admits Russia is facing 'issues' in the Ukraine war and told his team to make faster decisions
▼ + stars: | 2022-10-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Russian President Putin on Tuesday admitted his country faces "issues" from the war in Ukraine. Putin also told his team to speed up the decision-making process in the conflict. While the Kremlin wrote that Putin used the phrase "economic restrictions," the AFP reported that Putin said Russia was facing "economic difficulties" due to sanctions over the war. Putin's partial mobilization of the country's 300,000 military reservists in September created new challenges for production processes and output maintenance, according to a Russian central bank report released last week. The exercise is also expected to "negatively affect consumer and business confidence," the central bank said.

Since then, the central bank has cut rates six times, most recently to 7.5% last month. Register now for FREE unlimited access to Reuters.com RegisterTwenty-two of 26 analysts and economists polled by Reuters on Monday predicted that Russia would keep its benchmark rate unchanged (RUCBIR=ECI) on Friday. President Vladimir Putin's partial mobilisation order and subsequent declaration of martial law in four partly-occupied regions of Ukraine that Russia says it owns have exacerbated geopolitical risks. Economic activity slowed significantly at the end of September, the central bank said this month. "Stimulating growth of retailer and corporate lending by lowering the rate is currently pointless, in my view."

☆ Putin called an additional 300,000 men into the military a month ago, and it's taking a toll on the economy
▼ + stars: | 2022-10-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Putin's mobilization of men for the Ukraine war could hit the economy, the Russian central bank said. More than 300,000 Russian men and their families have fled the country since the mobilization order. "The recovery of economic activity stalled in September," the research department of the Central Bank of Russia said in a report on Wednesday. Russia's central bank did not reference those escaping from the call-up, but said the mobilization has created new challenges for production processes and output maintenance. "September's events will not necessarily push Russia into an immediate recession, but challenges are mounting," Morning Consult analysts said.

☆ Bank of Japan keeps ultra-low rates, dovish policy guidance
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +11 min

Sept 22 (Reuters) - The Bank of Japan maintained ultra-low interest rates and dovish policy guidance on Thursday, reassuring markets that it will continue to swim against a global tide of central banks tightening monetary policy to combat soaring inflation. "However, we believe that the BOJ will never allocate monetary policy for the FX rate adjustment and will stick to the YCC policy. "The most important thing is how the foreign-exchange rate reacts to that contrast in monetary policy between the U.S. and Japan. It also leaves the impression there will be no change in monetary policy during Kuroda's remaining term." He has said lesser about any merit of the weak yen recently out of consideration towards public sentiment against rising costs of living."

☆ China willing to make effort for peaceful 'reunification' with Taiwan
▼ + stars: | 2022-09-21 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +3 min

REUTERS/Ann Wang/File PhotoBEIJING, Sept 21 (Reuters) - China is willing to make the utmost effort to strive for a peaceful "reunification" with Taiwan, a Chinese government spokesperson said on Wednesday, following weeks of military manoeuvres and war games by Beijing near the island. China claims democratically-governed Taiwan as its own territory. Taiwan's government rejects China's sovereignty claims and says only the island's people can decide their future. China has been carrying out drills near Taiwan since early last month, after U.S. House Speaker Nancy Pelosi visited Taipei, including firing missiles into waters near the island. Taiwan's government says that as the island has never been ruled by the People's Republic of China, its sovereignty claims are void.

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "Japanese households have a thousand trillion in yen deposits. As of June, households had 1,102 trillion yen ($7.7 trillion) in cash and deposits, while private non-financial companies had 325 trillion yen. "There is a risk of what I call capital flight by Japanese households," said Tohru Sasaki, head of Japan markets research at J.P. Morgan Securities in Tokyo. In January 2006, when spreads between U.S. and Japan were at their widest at roughly 440 bps, Japanese households had 1,631 trillion yen of assets.

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