CashNews.co Argentines are declaring hundreds of millions of dollars of previously hidden savings in a tax amnesty that libertarian President Javier Milei hopes will boost the country’s moribund economy and scarce foreign exchange reserves. Private deposits in dollars into Argentina’s banks are accelerating ahead of the scheme’s first-phase deadline on September 30, although data has […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kazatomprom’s chief executive has warned that Russia’s war on Ukraine is making it harder for the world’s largest uranium producer to keep supplying the west as the gravitational pull towards Moscow and Beijing grows […]
CashNews.co Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. The hottest sector in the hedge fund industry has suffered outflows for the first time in seven years, in a sign that investors who once raced to get access to so-called multi-manager funds may […]
CashNews.co Europe’s first exchange traded fund investing in collateralised loan obligations is due to list tomorrow, five years after regulators appeared to tighten restrictions on new Ucits funds wholly invested in the asset class. The listing of the Fair Oaks AAA CLO ETF (FAAA) comes in the wake of surging demand for similar ETFs in […]
CashNews.co Goldman Sachs chief executive David Solomon warned investors on Monday that the investment bank’s trading business was on track to see revenues fall about 10 per cent in the third quarter. “With respect to trading . . . we had an extremely strong third quarter in 2023,” Solomon said at an industry conference organised by Barclays. Solomon said […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global investors have warned that Italy’s new capital markets rules could undermine the country’s corporate governance standards and damage its competitiveness just as Rome seeks to lure wealthy individuals and businesses. The International Corporate […]
CashNews.co Guidance allowing companies to collaborate with rivals on investment. A regime to police potentially worrying mergers after they are approved, rather than before. New principles to vet corporate tie-ups on an EU-wide basis, instead of reviewing market power at the national level. Of all the 400 pages of Mario Draghi’s report on European competitiveness, […]
CashNews.co Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. The largest US accounting firms will have to appoint independent outsiders to help oversee audit quality, under new rules approved by the Securities and Exchange Commission on Monday over the objections of the […]
CashNews.co Enthusiasm about artificial intelligence masks a recession in the technology sector, and a new exchange traded fund looks specifically for ‘reject’ stocks. Plus, Google heads back to court over fresh antitrust allegations, and Chinese car buyers ditch Tesla for local alternatives. Mentioned in this podcast: AI exuberance masks broad weakness in tech sector, say […]
CashNews.co Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools Jupiter Asset Management and Swisscanto are preparing respective exchange traded fund launches, […]