(Reuters) – Shares of GameStop and cinema operator AMC Entertainment rallied to their highest levels in months on Wednesday, with some market watchers saying the recent surge was forcing some bearish investors to unwind their bets against the video game retailer.FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood of New York […]
NEW YORK (Reuters) – Peru’s closely watched presidential election race between two polarized candidates is the latest in a string of political risk events haunting investors in Latin America, a region struggling to keep up with its global peers despite a commodities boom.FILE PHOTO: Peruvian presidential candidates Pedro Castillo and Keiko Fujimori, who will face […]
HONG KONG (Reuters) – Asian shares advanced on Tuesday, tracking a rally on Wall Street, while the dollar held near a fourth-month low as inflation worries faded after Federal Reserve officials allayed fears about monetary policy tightening.FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at […]
When will interest rates rise? Economists will be looking for fresh clues this week when Reserve Bank Governor Adrian Orr delivers his second full Monetary Policy Statement of the year. It’s a safe bet that there will be no change to the Official Cash Rate (0.25 per cent) when the statement is released at 2pm […]
(Reuters) – Wall Street’s main indexes gained on Monday, with the Nasdaq up about 1%, as investors flocked to lagging technology shares, while gearing up for key inflation readings later this week.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File […]
Steel tycoon Sanjeev Gupta is selling seven UK plants employing 1,500 people in a restructuring following the collapse of lender Greensill. They include Liberty Steel’s largest UK site, its aerospace and special alloys business at Stocksbridge, near Sheffield, where 762 currently work. Stocksbridge’s “downstream” sites at Brinsworth, near Rotherham, employing 101, and West Bromwich, which […]
WhatsApp users have been urged to check their privacy settings after the platform’s reportedly “secret” update. The Facebook-owned platform, which made headlines earlier this month after controversially updating to facilitate data sharing with its owner, has come under fire a second time, with social media users declaring it recently changed its group settings to include […]
It’s one of the few perks about getting old – senior citizens pay less for many things like public transport and movie tickets. But there is one glaring exception: medical insurance. It gets costlier with every year you age, and it is hardly a luxury item you can trim from your budget. Please subscribe or […]
SYDNEY (Reuters) – Asian shares got off to a cautious start on Monday as investors awaited key U.S. inflation readings for guidance on monetary policy, while Bitcoin tried to steady after being hammered on news of China’s crackdown on mining and trading of the cryptocurrency.FILE PHOTO: A man is reflected on a stock quotation board […]
Money FM Podcasts (May 18) Financial firms are focused on sustainability (featuring Ms Cherine Fok, director, sustainability services and KPMG Impact, KPMG Singapore) What goes behind Covid-19 PCR test testing? (featuring Mr Kendrick Lee, director, national digital identity, Government Technology Agency (GovTech)) Does the seasonal pattern of ‘sell in May and go away’ still hold […]