Investing

US and European equities slid on Wednesday as coronavirus cases soared across both regions. The US benchmark S&P 500 fell 3.5 per cent, its biggest one-day loss since June, putting the index on course for its worst weekly performance since the market ructions in March. More than 95 per cent of the stocks that make

There are many reasons to commemorate the decade since 2008, but the 10th birthday of Bitcoin is one that’s both surprising and encouraging. Bitcoin’s controversial and volatile nature has a way of obscuring the greater picture in favor of whatever crazy news about it dominate the day’s headlines. This could be why it seems Bitcoin’s

Deutsche Bank returned to profit for the first time since early 2019 as a surge in bond trading, falling costs and lower provisions for bad loans buoyed Germany’s largest lender. The bank’s fixed-income trading revenues climbed 47 per cent in the third quarter, it said on Wednesday, surpassing the average 26 per cent rise recorded

Hari Moorthy, Goldman Sachs global head of transaction banking. Source: Goldman Sachs Goldman Sachs wants to help any company in the world become a bank. The firm has just released software that allows clients to embed banking services into their own products as part of a push to break into the $32 billion a year

GE beat expectations for revenues and profitability in a quarter in which the coronavirus pandemic continued to weigh down on its core industries, and the industrial conglomerate delivered improved margins in every business except aviation. The group’s shares rallied almost 7 per cent in pre-market trading after third quarter adjusted earnings of 6 cents per

New Zealand’s currency is known as the New Zealand dollar, which is sometimes referred to as the “kiwi.” The currency was decimalized in 1967 and divided into 100 parts or cents. Before 1967, the currency was called the New Zealand pound. But since its decimalization, it has been called the New Zealand dollar. New Zealand

Peter Wells in New York Pennsylvania, one of the battleground states in the upcoming presidential election, reported its biggest one-day increase in coronavirus cases on Tuesday. A further 2,751 people tested positive, the state’s health department revealed this afternoon, up from a one-week low of 1,407 on Monday and compared with 1,557 on Tuesday last

As parts of the world brace for a second wave of Covid-19 infections, the economic impact on Asia will likely be “limited” as the region will remain resilient, according to a Credit Suisse strategist. “I think clearly Asia is going to be resilient in the face of a second wave in developed markets in the

Sixty years ago this month, Sir Abubakar Tafawa Balewa became the first prime minister of an independent Nigeria. The population was 45m, Lagos was the capital and Nigeria was pumping a mere 45,000 barrels of oil a day. The Nigerian pound, which remained the currency until it gave way to the naira in 1973, carried

Retirement can be a wonderful opportunity to spend time with loved ones, explore new interests, and travel to new destinations. But a comfortable retirement requires advanced planning and a clear sense of your financial needs. To ensure that you have enough for the lifestyle you want, it’s important to consider how your income and savings

Joe Biden on Tuesday made his first campaign visit to Georgia, a Republican stronghold the Democrats are hoping to flip this time round, with a speech that lambasted the US president as a “charlatan” and “conman” who had surrendered in the war against the pandemic. With just a week to go until election day, Mr

Mark Mobius, executive chairman of Templeton Emerging Markets Group, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 17, 2017. Paul Morris | Bloomberg via Getty Images The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to

France’s deputy interior minister has warned of a “heavy but still uncertain” death toll following the capsizing of a boat carrying migrants in the English Channel that claimed the lives of at least two adults and children aged five and eight. The incident, which took place off the coast of northern France near Dunkirk, is

Earnings Per Share (EPS) vs. Dividends Per Share (DPS): An Overview Earnings per share (EPS) and dividends per share (DPS) are both reflections of a company’s profitability, but that’s where any similarities end. Earnings per share is a ratio that gauges how profitable a company is per share of its stock. On the other hand,

European stocks stayed near a one-month low on Tuesday, following the biggest daily fall since September, as concerns grow that the worsening pandemic will damp business activity. The region-wide Stoxx Europe 600 index, which lost 1.8 per cent on Monday, shed another 0.1 per cent while the CAC 40 in Paris was down 0.7 per cent

A man is reflected in a sign outside of the JPMorgan Chase headquarters in New York City. Getty Images After years of hype with little to show for it, blockchain technology is on the cusp of a breakthrough: Making money in actual business applications. At JPMorgan Chase, the firm’s digital currency JPM Coin is being

The second edition of the Next Gen festival brought together leading young minds shaping the worlds of technology, business, fashion, art and politics to discuss current events and the pressing issues of today’s world. Here are some of their conclusions. Determination and agility will keep freelancers in work Flexibility is the future for freelancers, says

Inventory turnover is an important metric for evaluating how efficiently a company turns its inventory into sales. By using average inventory, companies can obtain a more accurate measurement of the cost of inventory by smoothing out fluctuations in inventory values over multiple periods. As a result, inventory turnover can be more effectively monitored, which helps

Peter Wells in New York One dozen US states reported record levels of coronavirus hospitalisations on Monday in a further reflection of the autumn resurgence of the virus that has pushed average daily cases to the highest level since the pandemic began. There are 42,917 people currently in hospitals across the country with coronavirus, according

South Korea has reported its sharpest quarterly gross domestic product rise in a decade as Seoul reaps the rewards from its swift response to the coronavirus pandemic and robust tech exports. Asia’s fourth-biggest economy and a bellwether for regional trade, is now poised for a faster return to growth than economists and analysts had expected.

Investors can now trade stocks for free through most brokers. But how do brokerages make money if they’re waiving commissions? A deep dive into the commission-free trading movement reveals various business activities that build profits, sometimes to the disadvantage of clients. As a result, larger customers and frequent traders might want to consider paying for

Wall Street followed European bourses sharply lower on fears that rising coronavirus infections will dampen business activity and as hopes for pre-election fiscal relief in the US dimmed. The US S&P 500 index fell as much as 2.9 per cent in afternoon trading on Monday, before trimming its losses to trade 2.1 per cent lower,

Facebook’s plans for its gaming platform are taking off, soaring above the simple fields of Flash-based FarmVille to a cloud-based service that will potentially deliver a much more sophisticated streaming experience. As Tim Bradshaw and Hannah Murphy report, the Facebook Gaming upgrade, unveiled today, will start with some basic offerings, but will give developers the

What Is Private Mortgage Insurance (PMI)? Private mortgage insurance (PMI) is a type of insurance policy that protects lenders from the risk of default—or nonpayment by the borrower—and foreclosure. PMI helps homebuyers who are either unable or choose not to make a significant down payment obtain mortgage financing at an affordable rate. If a borrower

Police in Finland are hunting a hacker who has stolen tens of thousands of patient records from a psychotherapy centre and is blackmailing victims to keep the data private. The cyber attacks, which started two years ago, have accessed the records of 40,000 patients from a centre run by Vastaamo, a private company that runs

Facebook is set to become the latest big tech company to move into cloud-based gaming, marking its biggest push to position itself as a destination for playing video games since the heyday of FarmVille a decade ago. Users of Facebook’s website and main Android app will be able to play a new game instantly, without

Silver is an interesting topic. Its direction is relatively easy to predict for several reasons. While there are no guarantees, the reasons silver will trade higher or lower in the future should be known by potential investors. If you’re going to go long silver, then there are several ways to do it, but one popular

Japan has spent 50 years fretting about its low birth rate and declining population but new prime minister Yoshihide Suga has hit on a different solution: fertility treatment. In his leadership campaign, Mr Suga called for in vitro fertilisation to be covered on national health insurance. The prime minister wants to make it affordable in

Amy Kazmin in New Delhi India’s central bank governor, Shaktikanta Das, has tested positive for coronavirus, the latest in a series of top Indian officials to be infected by the pathogen. Mr Das, who took the helm as the Reserve Bank of India cheif nearly two years ago, tweeted on Sunday night that he had

There are a vast number of agencies assigned to regulate and oversee financial institutions and financial markets, including the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Securities and Exchange Commission (SEC). Each agency has specific responsibilities, allowing them to function independently. Though the effectiveness and efficiency with which these regulatory