Investing

Gap is considering closing hundreds of stores in Europe in order to focus on reviving its US business and expanding its Athleta and Old Navy brands, putting up to 3,000 UK jobs at risk. The US-listed company is looking to operate more through franchises in Europe in the future. “Franchisees already operate in 35 countries
0 Comments
Key Takeaways OxyContin maker Purdue Pharma has settled with the U.S. DOJ However, the company has insufficient assets to pay the full amount Numerous state and local government suits still proceed The Sackler family is under scrutiny for massive withdrawals Purdue Pharma LP has reached a $8.34 billion settlement with the U.S. Department of Justice
0 Comments
Hong Kong’s securities regulator has fined Goldman Sachs’s Asia business a record $350m for serious deficiencies in risk compliance and money laundering controls in relation to Malaysia’s 1MDB. The Hong Kong fine is the first of more than $2bn of new penalties set to be announced on Thursday as regulators from the US to the
0 Comments
Music icons Patti Smith, Carlos Santana, and Steven Tyler all share one thing in common—and it’s not just rock and roll. They’re baby boomers, the longest-living generation in the history of the United States. According to records from the U.S. Census Bureau, baby boomers—those born, more or less, in the two decades following the end of World War
0 Comments
Malaysia’s vast tropical jungles are becoming a big tourist draw, but expats cluster around its two biggest cities: Kuala Lumpur and George Town, both on the west coast of the Malay Peninsula. George Town is an island city just across a channel from the mainland, and it is a big draw when expats living in
0 Comments
Unrest spread across Lagos on Wednesday, as outrage escalated over a violent crackdown on peaceful demonstrators against police brutality that left at least 30 people injured and a dozen dead. There were reports of sporadic gunfire, burning buildings and armed gangs setting up makeshift checkpoints to extort money, the day after security forces shot at protesters
0 Comments
UK chancellor Rishi Sunak was facing cabinet unrest on Wednesday after he shelved plans to set out multiyear spending programmes for the rest of the parliament because of the chaos caused by Covid-19. Boris Johnson, prime minister, had hoped to use the three-year spending review to map out his post-pandemic “levelling up” agenda, but reluctantly
0 Comments
An index mutual fund is a type of fund that invests all, or nearly all, of its total assets in securities comprising its underlying index. Index funds use passive investment strategies and thus tend to have low turnover and low expense ratios. Funds that implement indexing strategies require less portfolio management and active trading, which minimizes
0 Comments
Dividends per share (DPS) is the sum of all dividends a company pays out over a fiscal year divided by the number of outstanding shares. It is used to share a company’s profits with its shareholders. Causes of Decreased Dividends per Share Some of the reasons a company’s DPS may decrease include reinvestment in a
0 Comments
The Nigerian city of Lagos has declared a 24-hour curfew after violence marred mass protests against police brutality that have erupted across the country in recent days and brought Africa’s largest city to a standstill. With riot police about to be deployed nationwide, governor Babajide Sanwo-Olu on Tuesday afternoon imposed a curfew on Lagos state
0 Comments
Basel III—also referred to as the Third Basel Accord or Basel Standards—is a 2009 international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision, and risk management within the international banking sector. Basel III required that banks maintain proper leverage ratios and keep certain levels of reserve capital on hand.
0 Comments
European equities struggled for traction on Tuesday as anxiety grew about the economic cost of the pandemic and the short timeframe for US lawmakers to approve further fiscal stimulus before November’s election. After ending Monday lower, the region-wide Stoxx 600 share index was flat in early trading, while Frankfurt’s Xetra Dax slipped 0.2 per cent
0 Comments
Dow component The Procter & Gamble Company (PG) reports fiscal first quarter 2021 earnings in Tuesday’s pre-market, with analysts expecting a profit of $1.42 per share on revenue of $18.4 billion. The stock gapped up to a new high in July after beating fourth quarter 2020 estimates and raising guidance, and it has added another
0 Comments