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Markets
Investors seek refuge in emerging markets as recession risk hits the US
According to the Markets Live Pulse Survey, investors are looking to increase their bets on emerging markets. This is a sign that the asset class has become a favorite among those who are wary of an American recession.
The 234 money…
The world is in need of a wake-up call after the US default on its debt
Interest rates will skyrocket. Stock and bond markets are going to crash. The global financial system will be in turmoil as investors rush to find safe assets.
Every day, the clock ticks closer to the deadline of a deal between…
US companies move forward with bond deals amid concerns about debt ceiling
US companies have been rushing to borrow on the bond market in anticipation of a possible fallout from the debt ceiling dispute.
According to Dealogic data, highly rated companies issued bonds totaling $112bn this month. This is up from…
Carl Icahn makes $9bn mistake on bearish bet
Carl Icahn admitted that he made a mistake by betting on the crash of the stock market. The bet cost his group $9bn in six years.
According to an analysis, the activist investor who is well known for his hedging strategies lost $1.8bn on…
The MPs have warned that crypto is gambling, and that consumers need to be protected.
Trading in bitcoin and other speculative cryptocurrencies should be regulated as gambling to avoid consumers from being lulled into a false sense of security about the risks posed by the $1.2 trillion market, MPs have warned.
The…
UBS reports lower than expected 35bn profit from Credit Suisse rescue
UBS expects a $35bn gain in its accounting as a result from the state-brokered rescue Credit Suisse. This is lower than what some predicted. Separately, UBS disclosed $17bn worth of asset writedowns, litigation provisions, and other…
London brokers prepare for a shake-up, as the equity market stagnates
UK brokers and boutique investment banks are bracing for further consolidation as a stagnant London stock market increases the pressure on an industry whose lifeblood is listings and takeovers.
A dearth of flotations and subdued activity…
GSK raises $1 billion selling shares in Haleon Consumer Spinoff
GSK Plc has raised £804 millions ($1 billion) by selling a stake Haleon Plc, its consumer health care division that it spun off last year as a separate firm.
The UK pharma company sold 240 millions shares at 335 pences, a discount of…
Vodafone partners with its principal investor
Vodafone has formed a strategic alliance with its largest shareholder - a UAE based telecoms firm.
Emirates Telecommunications Group (e&), which owns a 14.6% stake in Vodafone will become a "cornerstone shareholder" and seek to…
Compass Group announces a share buyback following a strong half-year result
Compass Group announced that it would buy back £750 million worth of shares, following a strong year in trading. This is doubling the amount given to shareholders since last May.
The FTSE 100 cater giant said the buyback was a result of…
Binance says that Biden’s crypto crackdown has made it “very difficult” to do…
Binance, world's largest cryptocurrency exchange, attacked the Biden Administration's crackdown against the industry, and said that it hopes to obtain regulatory approval in the UK.
Patrick Hillmann said that it had been a "very…
Wall Street is subdued after the US regional banks rally loses its steam
US stocks slid on Monday, as an initial rally in regional bank stocks faded. Investors also assessed a Federal Reserve report that warned about tighter lending standards for this year.
The Nasdaq Composite gained 0.2 percent, while the…
HMRC will hold Bitcoin as part of plans to confiscate crypto from tax evaders
HMRC is looking at introducing new rules to allow it to seize cryptocurrency when businesses fail to pay taxes.
is planning to modernise the way tax is collected at the digital age. The government is considering proposals to give tax…
Gold nears all-time high as US banking crisis drives it close
Demand for precious metals is boosted by Chinese consumers and central banks .Gold is closing in on an all-time high as resurgent Chinese demand and fears over the health of regional US banks have added further fuel to the six-month rally…
Trading platforms promise to make you rich quickly.
Who wouldn't like some extra money, especially with prices soaring so high and inflation eating into people's savings. In the past, increasing earnings could have been achieved by working more hours or training for a higher-paying job. But…
Haleon gains clarity from Pfizer stake sale
Pfizer, the world's largest standalone consumer health company, welcomed the prospect of a "slow-and-methodical" reduction of its stake in Haleon on Wednesday. The company revealed that it had seen a rise of revenue in the first quarter of…
Unilever shareholders reject the pay plan, a major blow to the incoming CEO
Unilever's shareholders rejected the company's plan to pay executive salaries, a blow for the incoming boss Hein Schmacher even before his July start date.
Almost 60% of the votes cast at the FTSE100 company's annual general meeting on…
Federal Reserve announces a quarter-point increase in interest rates and signals a possible pause
The Federal Reserve increased its benchmark interest rates by a quarter-point on Wednesday. It was the tenth increase in a row, and it is expected to stop its aggressive campaign of tightening monetary policy soon.
Federal funds rate now…