Costs For Retail Fund Investors In EU Remain High, Says Regulator
Retail investors in mutual funds pay costs that are 40% higher than big institutional investors pay, making it harder for…
Category: World
How The Pandemic Helped Walmart Battle Amazon Marketplace For Sellers
Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no…
Is That It? Markets Relax About Inflation Pop
Just as long-dormant inflation finally rears its head again, there are some signs that financial markets may already have overestimated…
New Zealand Bill Would Require Banks To Disclose Climate Risks, In A World First
New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the impacts of climate…
Apple Will Launch New Products On April 20
Apple is set to host its first product launch of the year next week, and it’s expected to announce updates…
Egypt Impounds EverGreen Ship Over $900 Million Suez Canal Compensation Bill
Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute…
Cryptocurrency Market Now Worth $2tn – Report
The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts…
France To Open €3.5bn Initiative For SMEs In Nigeria
The French Minister of Foreign Trade and Attractiveness, Franck Riester, had arrived in Nigeria to open the ‘Choose Africa’ conference,…
Europeans Want Digital Euro To Be Private, Safe And Cheap: ECB Survey
Euro zone citizens expect the European Central Bank’s proposed digital euro to be private, safe and cheap, an ECB survey…
Ford, GM Among Michigan Companies Opposing Republican-Backed Voting Limits
The top executives of more than three dozen Michigan-based companies, including General Motors Co and Ford Motor Co, on Tuesday…
French Finance Minister Reaffirms 5% Growth Forecast For France In 2021
French Finance Minister Bruno Le Maire reaffirmed on Wednesday that the French economy should grow by 5% in 2021, and…
LVMH Shares Hit Record High After Strong Sales Figures
LVMH’s shares rose to record highs on Wednesday after the world’s biggest luxury goods company posted sales figures that showed…
KKR-Backed Pizza Platform Slice Raises $40 Million In Latest Funding Round
Slice, an online ordering platform which helps small pizzerias compete with large chains, said on Wednesday it raised $40 million…
Toshiba CEO Steps Down, Shares Surge On Bidding War Expectations
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners…
Oil Maintains Upward Momentum But Virus Concerns Cap Gains
Crude oil climbed on Wednesday after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook…
Tesco Reports 2 Billion Pounds Profit After ‘Exceptionally Strong’ Sales
Tesco, Britain’s biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds…
EasyJet Sees More Flying From Late May
British airline easyJet said it expected to start to fly more from late May onwards, guiding that overall in its…
A $9 Million Boss? UniCredit Investors To Decide How Much Orcel Is Worth
Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue that scuppered…
World Stocks Hit Record High As Bond Yields Ease
Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was…
Buying Diamonds In Lockdown? WhatsApp Can Be Your Best Friend
As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to messaging service…
Coinbase Listing Marks Latest Step In Crypto’s March To The Mainstream
Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the…
Russia Calls U.S. An Adversary, Warns Its Warships To Avoid Crimea
Russia on Tuesday called the United States an adversary and told U.S. warships to stay well away from Crimea “for…
Tech Stocks Push S&P 500 To Record Close, Buoy Nasdaq
The S&P 500 closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook off…
JPMorgan Downgrades Emerging Market Currencies To ‘Underweight’
Investment bank JPMorgan recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot from the start of the year…
Black Americans Are Embracing Stocks and Bitcoin to Make Up for Stolen Time
They’ve heard it all before. Set a budget. Avoid high-interest debt. And, oh yes, it sure is smart to get…
Egypt Seizes Suez Ship ‘Ever Given’ Pending $900 Million Compensation
An Egyptian court allowed the ship that blocked the Suez Canal last month to be seized after a request from…
The Chinese Yuan Is Going Completely Digital
Yesterday, I explained how China has moved to a mostly cashless society… and how it’s planning to go completely cashless for…
How Many IMF Reports Does It Take To Dim The Moon’s Lustre?
Time was when the International Monetary Fund (IMF)’s numbers on the domestic economy mattered. “What to make of the recent numbers?”,…
More Asian Countries Thick-Skinned About FX Manipulation Tag
A larger number of Asian countries and economies could join the ranks of those branded currency manipulators by the U.S.…
Dollar Edges Up As Markets Wait For U.S. Inflation Data
The dollar edged higher on Tuesday, helped by a pick-up in U.S. Treasury yields, but was still near three-week lows…