(Reuters) – The S&P 500 hit a record high on Thursday and the Nasdaq was at a seven-week peak, helped by gains in tech-related stocks, a day after the Federal Reserve reiterated its pledge to remain ultra-dovish until the economic recovery is more secure.FILE PHOTO: People are seen on Wall St. outside the New York […]
LONDON (Reuters) -The U.S. dollar traded near its lowest in more than two weeks versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting offered no new catalysts to dictate market direction.FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this […]
Slideshow ( 2 images )(Reuters) – Goldman Sachs Group Inc bought 75 million pounds ($104 million) worth of shares in food delivery group Deliveroo to prop up trading after an underwhelming market debut, the Financial Times reported on Tuesday, citing two people with direct knowledge of the matter. The purchase equates to nearly a quarter […]
Democrats are coming to business’ political aid over social issues. That’s not as big a shift as it might seem. By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni Trading places Source: Read Full Article
SYDNEY (Reuters) – Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks, though investors were still focused on upcoming company earnings for more signs of a global economic recovery.FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui […]
BANGKOK (BLOOMBERG) – Atichanan Pulges first became interested in cryptocurrencies a decade ago when he was an engineering student in Los Angeles. Mining bitcoin was a way for the Bangkok native to learn about markets and pay his rent. Now back in Thailand after a stint at Goldman Sachs Group, Mr Atichanan is a co-founder […]
Retailers don’t generally collaborate with other retailers, but a partnership between Nordstrom and Dover Street Market Paris is breaking that mold. On Monday, Nordstrom said beginning today, Nordstrom Space will feature the spring collections of seven brands under the Brand Development incubator program of DSMP in select Nordstrom stores and online. Nordstrom Space is the […]
Walmart is making its case to Wall Street as a sustainability investment. For one, the retailer has prioritized climate issues by setting “science-based targets” to reduce emissions and aims to hit “zero emissions” across its operations around the world by 2040, its chief sustainability officer Kathleen McLaughlin said Tuesday at Cowen’s Annual Consumer Platforms for […]
SINGAPORE (THE BUSINESS TIMES) – Outgoing OCBC chief Samuel Tsien took home a total salary of $8.6 million in 2020, about 22.5 per cent lower than $11.1 million in 2019, the bank’s annual report showed on Monday (April 5). Mr Tsien’s remuneration for 2020 comprised a cash bonus of $4.38 million, deferred shares worth $2.92 […]
By Jack Ewing Credit Suisse said Tuesday it would replace the head of its investment bank and the chief of risk and compliance after losses from its involvement with Archegos Capital Management, the collapsed hedge fund, totaled nearly $5 billion. The bank, which is based in Zurich, is in turmoil after a series of disasters […]