Trading

Cathie Wood, Ark Investment Management's asset manager, has a new pitch for investors who may be worried about the huge losses the asset manager suffered due to the rising interest rates. Think of the tax write offs. Morningstar reports…

CVC, Europe's biggest private equity group, is set to announce that it will float its shares in Amsterdam by the end of next week. In 2021, the firm with €161bn of assets under management was valued at €15bn as part of a private deal. …

Goldman Sachs reported a 36% drop in its third quarter profits. This is the eighth consecutive quarter that earnings have fallen. The bank has been struggling with losses after its withdrawal from retail banking, and writing downs on real…

Birkenstock shares dropped by more than 10% on the first day of trading Wednesday afternoon after the German sandal manufacturer completed the third largest US listing of the calendar year. After a long period of slowdown, the market for…

Rishi Sunak, Narendra Modi and other officials have given a boost to the UK-Indian trade negotiations by instructing them to move "at speed" in order to reach a deal. The UK Prime Minister and his Indian counterpart displayed a…

The recent market downturn has caused financial hardship for two of the largest trading firms in Wall Street: Citadel Securities and Virtu Financial. Virtu reported on Wednesday a drop of 23 per cent in its net trading income…

The trade talks between Australia, the EU and Canada were suspended on Tuesday when Australian Minister Don Farrell left Brussels before settling a dispute about meat quotas. Farrell said EU he would consult his cabinet first before he…

After a fake photo of an explosion near Pentagon caused a short sell-off on US stocks, hedge funds and other computerized trading firms are increasingly worried about the threat artificial intelligence poses to their profits. The S&P…

Trafigura group has paid out $3 billion in bonuses to its top executives and traders as it achieved a record-breaking profit for the six months ending March. Trafigura has paid out the highest amount ever. This is just the latest example…

Prime Minister Rishi sunak's frustrations as he lands in Washington for a meeting with President Joe Biden to discuss economic ties .In London, James Politi, Lauren Fedor and Richard Waters are in Washington. Insiders from the…

US Securities Market Watchdog sued Binance, world's biggest crypto exchange. It accused it of violating laws, including mixing billions in customer funds with a separate firm owned by the chief executive. The Securities and Exchange…

Saudi Arabia announced that it would cut oil production to 1 million barrels per day, in an effort to boost oil prices. This announcement came after a heated meeting of Opec+ producers on Sunday in Vienna. Prince Abdulaziz bin Salman of…

A mystery trader, who was able to predict the move by the US government to approve a 300-mile pipeline of natural gas as part a bill to prevent a Treasury default, surprised almost everyone. Wall Street analysts expected vague promises…

AutoTrader is seeing an increase in the number of people selling their cars to make some extra money during this time of cost-of-living crisis. Autotrader estimates that the shortage of computer chip is preventing car manufacturers from…

China called for "stable, constructive and long-lasting" relations with the US during a meeting Elon Musk. The meeting highlighted the complicated relationship between Beijing and Elon Musk, the billionaire CEO of Tesla and SpaceX. The…

Philip Morris International's chief executive says that the company, which makes Marlboro cigarettes, is on a journey to become an ESG stock in order to win back investors who have avoided the stock due to tobacco exclusion policies.…

Rishi Sunak will ignore the calls for a UK-US deal next week when he travels to Washington to meet with President Joe Biden. The Covid-19 pandemic, and other issues like whether or not to allow certain US agricultural products to enter…

Steve Daines, a Republican from Montana, spoke at an hearing of the Senate Banking Committee in March of last year about the increasing role of India. He urged the US Trade Representative to begin negotiating a deal with New Delhi, and…