CashNews.co Brazil’s exchange rate to the dollar has dropped to near record lows, heaping further pressure on the leftwing government to introduce spending cuts quickly and calm mounting investor concerns over its commitment to fiscal discipline. After weeks of the currency declining, president Luiz Inácio Lula da Silva’s administration on Monday confirmed it would soon […]
CashNews.co For the world’s manufacturers, Donald Trump’s comeback to the White House essentially means only one thing: tariff wars. Trump has already threatened 60 per cent tariffs on China imports and blanket 10 or 20 per cent duties on all trading partners including the EU. “If I’m going to be president of this country, I’m […]
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CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British Airways owner International Airlines Group has reported a second summer of strong profits as demand for travel in Europe and across the Atlantic remained robust. The Anglo-Spanish company reported an operating profit before […]
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US Treasuries have recovered all the ground lost in a dramatic sell-off sparked by Donald Trump’s election victory, after Federal Reserve chair Jay Powell said it was too early to judge whether […]
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s decisive election victory has lit up so-called crypto-bro trades. Bitcoin surged about 10 per cent. On Wednesday, trading volume for BlackRock’s $33bn iShares Bitcoin Trust exchange traded fund recorded a […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Euronext will create a US-style single prospectus for companies raising money on its seven stock exchanges, aiming to make information more accessible to investors and kick-start Europe’s flagging fundraising market. Executives at Europe’s largest […]
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It was Treasury Secretary John Connally who famously quipped in the 1970s that the US dollar was “our currency, but your problem”. Today, investors around the world could just as easily replace […]
CashNews.co One of my close friends has two stocks in his self-managed pension plan, which is roughly the same size as mine. By contrast, adding up the holdings in the four equity funds in my Sipp comes to 1,736. Who’s right? To be fair, David loves risk. He pushes boundaries — to put it politely […]
CashNews.co One scoop to start: BlackRock is in early-stage discussions with Millennium Management about a strategic partnership that could see the world’s largest asset manager take an equity stake in one of the most profitable hedge fund managers, according to people familiar with the situation. And a new bank partner class: Goldman Sachs has appointed […]