After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Wall Street edges higher as FTSE 100 falls flat despite recovery hopes May 21, 2021 Wall Street opened higher this afternoon as investors turned their attention to key business surveys at the end of a volatile week of trading. The Dow Jones rose 0.11 per cent on open and the S&P 500 gained 0.23 per cent, while the tech-heavy Nasdaq pushed 0.59 per cent higher. It came after the London’s [...]
Wild Wednesday: Crypto in full blown meltdown as inflation concerns roil global markets May 19, 2021 Crypto currencies have gone into full blown meltdown with Ethereum falling 40 per cent at one point today, while Bitcoin prices have slumped below $40k as the sell-off gains further traction, after Chinese regulators took steps to discourage the use of crypto. The Peoples Bank of China said earlier today that cryptocurrencies should not be used or accepted [...]
Truss: When will WTO treat China as developed country to stop Beijing’s unfair trade practices? May 19, 2021 The UK and its allies have been “too soft” on China and the World Trade Organisation (WTO) needs to get tough on Beijing’s unfair trade practices, according to international trade secretary Liz Truss. Truss told a Westminster committee today that the UK wants “to improve our toolkit multilaterally and unilaterally” through putting in new subsidies [...]
Bitcoin falls below $40k as alarm bells ring over a potential washout May 19, 2021 Bitcoin’s gut-wrenching collapse from last month’s all-time high above $62,000 to below $40,000 is a temporary dip, analysts reassured today.
Emerging Asia-Pacific capital markets: challenges and opportunities May 18, 2021 CFA Institute has published ‘The Emerging Asia Pacific Capital Markets: Challenges and Opportunities’. The report, compiled by Larry Cao and Luis Garcia-Feijóo, presents perspectives from local authors on the financial history, current status and outlook for 11 countries. Their insights should be particularly valuable for prospective investors. Many have argued that the 21st century will [...]
Wall Street slips as banking stocks and stronger pound weigh on FTSE 100 May 17, 2021 Wall Street opened lower this afternoon, reversing a strong recovery late last week as investors turned their attention back to inflation worries. The Dow Jones slipped 0.02 per cent and the S&P 500 opened lower by 0.09 per cent, while the tech-heavy Nasdaq dropped 0.46 per cent at the opening bell. It came after London’s [...]
FTSE 100 rebounds from five-week low while Wall Street extends recovery May 14, 2021 London’s FTSE 100 rebounded this afternoon as heavyweight financials stocks lifted the index after hitting a five-week low yesterday. The blue-chip index rose one per cent during afternoon trading, with software firm Sage adding 3.4 per cent after forecasting a year of growth towards the top end of its range. Read more: IPO: London commodities [...]
World Uyghur Congress hits out at City of London Corporation’s China stance May 14, 2021 A non-profit group representing the world’s Uyghur Muslims has accused the City of London Corporation’s bosses of siding “with oppressive Chinese forces” for not holding Beijing to account for its human rights abuses. The World Uyghur Congress sent a letter, seen by City A.M., to City of London Lord Mayor William Russell and the powerful [...]
FTSE 100 sinks to five-week low while tech shares drive Wall Street higher May 13, 2021 London’s FTSE 100 dropped sharply this afternoon, giving up yesterday’s gains amid fears of a rise in inflation and weak performance from heavyweight stocks. London’s premier index was down by 0.7 per cent in afternoon trading, dropping to 6,953.60 points – its worst price for almost a month. The FTSE 250 of midcap companies was [...]
Blackrock receives approval to run wealth business in China May 12, 2021 Blackrock has won approval to begin operating its wealth management business in China as it capitalises on the country’s fast-growing asset management market. The joint venture, which is 50.1 per cent owned by Blackrock and includes China Construction Bank and Temasek, received approval from the China Banking and Insurance Regulatory Commission today. BlackRock will “support China [...]