November 26, 2024

Category: Markets

Fund manager Terry Smith’s pay falls to £28mn
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Markets

Fund manager Terry Smith’s pay falls to £28mn #NewsMarket

CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Terry Smith, one of the UK’s most renowned stockpickers, took a pay cut for the second consecutive year, receiving almost £28mn from his investment business. The Mauritius-based fund manager’s investment boutique Fundsmith reported a […]

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China’s .4tn fiscal package fails to excite
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Markets

China’s $1.4tn fiscal package fails to excite #NewsMarket

CashNews.co Donald Trump’s election victory has sent shockwaves across the renewable energy industry, and China has announced fiscal stimulus to bail out local governments. Bitcoin hit $80,000 for the first time as cryptocurrency investors anticipate looser regulations under Trump, and Argentina’s legal battles could complicate President Javier Milei’s attempts to fix the country’s struggling economy. […]

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Colombia battles to diversify economy away from oil and gas
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Markets

Colombia battles to diversify economy away from oil and gas #NewsMarket

CashNews.co Colombia has been pushing to wean its economy off fossil fuels since it installed its first leftist president more than two years ago. But it has struggled to move more into agriculture, tourism, and renewable energy industries. “Without a doubt, in order to substitute the revenues from fossil fuels, the economy must be diversified,” […]

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Trump victory leaves Wall Street giddy
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Markets

Trump victory leaves Wall Street giddy #NewsMarket

CashNews.co Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here. Does the format, content and tone work for you? Let […]

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the slow race to build a UK sovereign wealth fund
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Markets

the slow race to build a UK sovereign wealth fund #NewsMarket

CashNews.co In the race to unite the UK’s sprawling local government pension funds, Simon Radford is a frontrunner. As chair of Barnet’s £1.4bn council pension scheme, he is willing to cede investment control of the London borough’s retirement pool in order to boost returns. “It’s natural as a local councillor when you get elected and […]

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