Tag: finance

Mike Novogratz first went silent.  And this lasted almost 10 days. And then he opened up and explained. He, like a large number of institutional investors and retail investors, watched the prices of the UST stablecoin and its sister token Luna tumble and then crash. From May 9 to May 13, at least $55 billion of…

© Reuters. FILE PHOTO: A general view of city skyline and skyscrapers under construction during sunset as the spread of the coronavirus disease (COVID-19) continues in Moscow, Russia May 16, 2020. REUTERS/Maxim Shemetov (Reuters) – Russia’s economy will contract by no more than 5% in 2022, presidential adviser Maxim Oreshkin said on Thursday, giving a…

© Reuters. FILE PHOTO: People walk in front the Central Bank headquarters building in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado SAO PAULO (Reuters) -Brazil’s central bank director Bruno Serra said on Wednesday that although he hoped the country’s interest rate-hiking cycle was nearing its end, that would still depend on data, as bringing inflation…

Elon Musk makes the news.  He is everywhere.  The chief executive officer of premium electric vehicle maker Tesla  (TSLA) – Get Tesla Inc Report is somewhat reminiscent of former Republican President Donald Trump when the latter was in office.  Like Trump, Twitter is Musk’s main communication channel. Like the real estate developer, the tech tycoon seems…

© Reuters. FILE PHOTO: A view of the London skyline shows the City of London financial district, seen from St Paul’s Cathedral in London, Britain February 25, 2017. REUTERS/Neil Hall/File Photo/File Photo LONDON (Reuters) – More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost the competitiveness of its huge finance industry…

2/2 © Reuters. FILE PHOTO: A man walks at a construction site near residential buildings in Beijing, China April 14, 2022. Picture taken April 14, 2022. REUTERS/Tingshu Wang 2/2 By Clare Jim HONG KONG (Reuters) -Chinese developer Zhongliang Holdings is scrambling to secure bondholder approval to extend the repayment on notes worth $729 million ahead…

Bank of America has put together a list of what it calls attractive inflation-protected-yield stocks. “With cash moving from worthless to yielding 3%-plus next year … amid [Federal Reserve interest-rate] hiking, we prefer companies that have strong free cash flow or distribute cash to shareholders,” Bank of America strategists wrote in a commentary. “But in…

© Reuters. People cross a street during morning rush hour in front of the skyline of the central business district (CBD) in Beijing, China December 15, 2020. REUTERS/Thomas Peter BEIJING (Reuters) -China will not hesitate to introduce new policies to prop up growth, a senior Communist Party official said on Thursday, as the economy feels…

© Reuters. FILE PHOTO: European Central Bank policymaker Francois Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo, Japan, November 19, 2018. REUTERS/Toru Hanai PARIS (Reuters) – Higher interest rates make it all the more important for post-pandemic government debt levels to be…

© Reuters. FILE PHOTO: A customer buys vegetables at a stall inside a morning market in Beijing, China January 14, 2022. REUTERS/Tingshu Wang NEW YORK (Reuters) – Economic growth in emerging markets is set to slow “sharply” this quarter weighed by China, Russia and the spread of tighter monetary conditions, JPMorgan (NYSE:JPM) analysts said on…