Ahead of an anticipated interest rate increase from the Federal Reserve, while short-dated U.S. bond yields briefly hit multi-week highs, world stock markets rose as technology shares recovered from a recent sell-off. Record closing highs was set by the S&P 500, Dow industrials and Russell 2000. The spotlight was put on areas of the stock…
While Westminster comes to terms with a hung parliament, Britain was plunged deep into political uncertainty after last week’s inconclusive General Election. It is therefore important to understand the impact on investors over the coming months because of this. “Clearly the pound is a little bit weaker, I think it’s going to bounce around for…
After bitcoin hit all-time highs, as appetite for digital assets continues to grow, ethereum prices also surged to record levels. According to data from industry website Coinmarketcap, the cryptocurrency was trading at around $407.10 in early Monday morning trading. Since Jan. 1, when ethereum was trading at $7.98, this is a record level which marks a…
It had been months that Varuni T.V., a business professor in India, had her eye on. And Finally, her dream device, a black iPhone 5S, a model Apple Inc. released in 2013, was finally bought by her at the end of May by the 34-year-old. “It doesn’t bother me that it is several generations old,” says Varuni,…
China’s $5 trillion hoard is here to stay for the time being — and could even still expand, where as the European Central Bank’s asset pile should stop growing by the end of this year as the outlook brightens, and the Federal Reserve’s $4.5 trillion asset pile is set to be shrunk. Run up through years…
At a Larsen & Toubro Ltd. factory in western India, that makes parts for nuclear power plants, business has been slow. Hoping to profit from government plans to build more reactors in a country where more than 200 million people lack access to electricity, the Mumbai-based construction company opened the plant in 2012. And L&T’s…
In a last-ditch effort to clinch a deal both companies consider vital, Western Digital Corp plans to raise its offer for Toshiba Corp’s prized semiconductor unit to $18 billion or more, reported the media quoting sources familiar with the matter. A consortium led by a Japanese government-backed fund include the U.S. chipmaker. The last day…
According to Deutsche Bank, while shares in export-oriented U.K. companies could see a further rally, in the wake of the shock hung parliament result in the country’s general election, shares of U.K. companies focused on the domestic market could tumble. As soon as it was suggested that incumbent Prime Minister Theresa May and her Conservative…
Led by Cathay Pacific Airways Ltd.’s strongest gain in six years, shares of Chinese carriers surged Thursday. Just a sliver off record highs and rising 24 percent in a year is the Bloomberg World Airlines Index. And under siege for years by their unlisted rivals in the Persian Gulf have been the members of the…
As Citigroup Inc. seeks to boost its base of affluent customers in the region by at least 10 percent this year, the bank is expanding its digital-banking channels in Asia. According to Gonzalo Luchetti, Citigroup’s Singapore-based head of Asia-Pacific retail banking, deployment of technologies that allow customers to make transactions through its Internet and mobile platforms…
