SAN FRANCISCO — Even though high-flying start-ups have met a cool reception on Wall Street in recent months, the willingness of investors to make big bets has not exactly slackened. Stripe, a start-up that helps businesses do the wonky work of taking payments, announced on Thursday that it had pulled in new investments that gave […]

NEW YORK (Reuters) – A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend’s attacks on Saudi Arabia’s oil facilities pose supply risks. Iran warned U.S. President Donald Trump against being […]

(Reuters) – Gains in Microsoft shares pushed the benchmark S&P 500 within striking distance of its record high, a day after the Federal Reserve cut interest rates as expected but played down hopes of further monetary easing. The software giant’s plans to buy back $40 billion in shares also boosted the Dow and the Nasdaq, […]

BONN (Reuters) – A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he earned millions of euros from deals involving “astronomical” trades that prosecutors say were a means to make bogus tax reclaims. Martin Shields, a former investment banker, said the trading, known as cum ex, thrived between […]

The State has auctioned €500m in 12-month treasury bills at a record-low rate, offering investors an effective loss on their money of 0.55pc. Today’s auction by the National Treasury Management Agency attracted four times the required bids from institutional investors, reflecting strong demand for “safe haven” debt securities despite the punitive payouts on offer. The […]

Holidaymakers looking to book their next escape may find today is the cheapest day to book with easyJet. That's because the airline has just released its fares for next summer – starting with the lowest process first. It said tickets will rise with demand – so the sooner you buy (before demand spikes), the bigger […]

SINGAPORE – Monetary Authority of Singapore (MAS) managing director Ravi Menon has been appointed chairman of the Bank for International Settlements (BIS) Asian Consultative Council (ACC). Mr Menon’s appointment is for two years from Sept 26, BIS said in a statement on Thursday (Sept 19). The ACC is a vehicle for communication between BIS shareholding […]

Irish video games company Keywords Studios has bought a German audio dubbing company for €3.7m and reported strong growth in its first-half revenue and profits – but its shares sank yesterday on poorer than expected margins. Keywords’ acquisition of Berlin-based TV+Synchron (TVS) – which has been dubbing films, TV shows and video games for 25 […]

LONDON (BLOOMBERG) – Deals for two major London buildings leased mostly to WeWork are on the ropes. Saudi Arabia-based Sidra Capital has pulled out of a £90 million (S$154.3 million) deal as the flexible-office giant’s planned initial public offering got an increasingly rocky reception from investors, according to people familiar with the matter, who asked […]

Investors take for granted that the Federal Reserve controls interest rates. Rarely do they have to think about how. But a surprisingly lively couple of days in short-term money markets has meant that the “how” became nearly as important as the “why.” The stress started on Monday in the market for repurchase agreements, or repos. […]