CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Companies often make statements they later wish they could erase. Take BP. Four years ago it declared that the âattractiveâ returns from offshore wind power would endure âfor decades to comeâ. Now it seems […]
Vanguard plans new advice and wealth management division #UKFinance
Financial Insights That Matter (Reuters) -Money manager Vanguard said on Monday it will establish a new advice and wealth management division led by industry veteran Joanna Rotenberg. Leading asset managers are expanding their wealth management services to meet growing client demand in the backdrop of an increasingly complex and volatile investment landscape. Vanguard’s CEO Salim […]
Pimco to cut exposure to long-dated US debt as deficits swell #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pimco has become more hesitant to buy long-term American government debt as the $2tn US bond fund manager frets over âsustainability questionsâ and the prospect of rising inflation under Donald Trump. The bond giant […]
Bank of England warns that hedge funds bring âvulnerabilitiesâ to gilt market #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Hedge funds are using leverage to build larger positions in UK government debt, creating potential new risks in the financial system, the Bank of England has warned. Dave Ramsden, a BoE deputy governor, […]
India names Sanjay Malhotra to replace Das as central bank governor #IndiaFinance
Financial Insights That Matter By Nikunj Ohri and Aftab Ahmed NEW DELHI (Reuters) -India appointed career civil servant Sanjay Malhotra as its new central bank governor on Monday in a surprise move that leaves markets guessing about the future direction of monetary policy. Financial markets had expected current governor Shaktikanta Das to be handed a […]
‘Hawk tuah girl’ Haliey Welch’s crypto launch draws scrutiny #CriptoNews
Financial Insights That Matter It was a social media catchphrase, then a merchandising opportunity and, finally, a cryptocurrency. Now, the social media sensation who lent her viral âhawk tuahâ moment to a new digital coin is the face of the latest controversy centered around crypto and what some are calling an all-too-familiar racket meant to […]
Crypto cash flooded the election. Here’s why and the impact it may have | 60 Minutes #CriptoNews
Financial Insights That Matter Crypto cash flooded the election. Here’s why and the impact it may have | 60 Minutes – CBS News Watch CBS News The price of Bitcoin hit record highs after President-elect Donald Trumpâs win. Ripple CEO Brad Garlinghouse explains why the crypto industry poured millions into super PACs ahead of the […]
Kering Tax Settlement Talks for Alexander McQueen #ItalyFinance
Financial Insights That Matter Published : 1 hour agoon 09/12/2024 By Emilio Parodi MILAN (Reuters) â French luxury goods group Kering is negotiating with the Italian tax authorities to settle a tax probe centred on its Alexander McQueen fashion brand, two sources with direct knowledge of the matter told Reuters on Monday. Prosecutors in Florence […]
China launches antitrust probe into Nvidia #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has launched an antitrust probe into chip giant Nvidia as competition with the US deepens over the development of cutting-edge technologies such as artificial intelligence. Chinese state media on Monday night reported that […]
Shareholders approve breakup of Bollore’s Vivendi media conglomerate #UKFinance
Financial Insights That Matter By Gianluca Lo Nostro, Leo Marchandon and Florence Loeve (Reuters) -Shareholders of French media conglomerate Vivendi approved on Monday the breakup backed by the Bollore family, aiming to spin off Canal+, Havas and Louis Hachette Group despite some market scepticism and opposition from minority shareholders. The motions received support from over […]