financial news this week
- Finance
How you could be Biodiversified
By Fidelity International Better late than never, the world is waking up to the increasingly urgent threat to biodiversity and…
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FCA failed to act on warnings before mini-bond scheme collapsed: ‘Why wasn’t it stopped?’
The Financial Conduct Authority has been criticised for failing to act when red flags were raised about an investment scheme that…
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Crypto.com, Genesis and Coinbase: The crypto winter has cost more than 4,000 jobs — here’s who’s cutting
Crypto firms are still reeling from a brutal market crash during the second quarter, sparked by the implosion of stablecoin…
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ETF platform targets asset managers planning crypto launches
A platform that helps asset managers launch exchange-traded funds is broadening its offering to the crypto space, claiming the sector has…
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US equities finished lower as investors focus on retail earnings
Stocks fell as the rally that has pushed prices higher since mid-June appeared to lose steam. Traders also assessed the…
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How the modern tragedy of Long COVID is affecting our lives and our economy
Breadcrumb Trail Links News FP Economy Episode 162 of Down to Business Podcast The COVID-19 virus magnified. Surveys have shown…
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Why London is holding on to its fintech crown
Rajesh Agrawal is the deputy Mayor of London for business London was confirmed last month as the world’s top hub…
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CARETEQ (ASX:CTQ) announces partnership with StrongRoom AI
CARETEQ Limited (ASX:CTQ) Executive Chairman Mark Simari discusses the company’s recent agreement with drug management platform StrongRoom AI and the…
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Rio no lamb when it comes to Mongolian interests
Rio Tinto (ASX:RIO) seems to be willing to wait out the recalcitrant minority shareholders in Turquoise Hill who have rejected…
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Coal division powers BHP to record payout
BHP (ASX:BHP) shareholders can thank the great global coal price boom – especially thermal coal – for the largesse of…
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Cooler inflation won’t sway Bank of Canada from another jumbo hike in September, economists say
Breadcrumb Trail Links News FP Economy Fifty basis points is minimum forecast from Bay Street after latest data Publishing date:…
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Canada’s headline inflation drops below 8%: What you need to know
Breadcrumb Trail Links News FP Economy Kevin Carmichael: But it’s still well above the Bank of Canada’s 2% target Publishing…
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‘Hey… It’s Jason’: Alberta ad campaign aims to woo young professionals from Toronto, Vancouver
Breadcrumb Trail Links News FP Work FP Economy $2.6-million ‘Alberta is Calling’ campaign seeks to attract skilled workers amid shortages,…
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What to expect from AREITs this reporting season
By Pengana Capital We expect a solid earnings season for the AREIT sector, driven by a strong recovery in retail…
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ASX closes in the green, helped by BHP earnings and RBA minutes
In an uneventful session, after opening stronger the market drifted sideways and remained in a narrow range. Profit-taking was seen…
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Andreessen Horowitz puts $350m behind ex-WeWork boss Neumann’s new startup
Venture-capital firm Andreessen Horowitz is investing in Flow, a real-estate startup led by former WeWork executive and co-founder Adam Neumann. The firm, known…
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ASX pushes higher, following a firm Wall Street: Aus shares up 0.5% at noon
At noon, the S&P/ASX 200 is 0.52 per cent or 36.70 points higher at 7101.00 The SPI futures are…
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Crunch time for Rio with Turquoise Hill
Rio Tinto (ASX:RIO) has a tough decision to make – if it really wants to control all of the 66%…
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Chinese economy takes another turn for the worse
Confirmation that for all his blustering over Taiwan, Covid, corruption and a new way of living, China’s President Xi Jinping…
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Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession
Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent…
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Private equity bosses’ summer reading lists
For the past two years, buyout bosses have barely had a moment to relax amid the blockbuster dealmaking frenzy. But…
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Costs, climate change dull Coronado’s glow
Amid all the positivity of record revenues, prices and earnings for Coronado Resources (ASX:CRN) in the six months to June…
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Confidence turnaround a tricky one for RBA
The Reserve Bank won’t like reading that the National Australia Bank’s latest survey for July showed a strengthening in business…
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ASX trading lower, tech stocks dive in morning trading
ASX trading lower, but off its lows as tech stocks dive in morning trading. At noon, the S&P/ASX 200 is…
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CBA earnings hit 4-year high on improved loan book
Commonwealth Bank of Australia (ASX:CBA) posted its highest annual cash earnings in four years, partly thanks to a now faded…
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All wheat and no chaff for GrainCorp
Shares in GrainCorp (ASX:GNC) jumped yesterday after the company again upgraded earnings guidance for its year to September 2022 results.…
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Small banks are going on a wild ride thanks to crypto
When big banks steered clear of cryptocurrency companies, a handful of small lenders eagerly courted the booming businesses. Now, they…
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Are we there yet?
by Robert M. Almeida – Global Investment Strategist / Portfolio Manager When the S&P 500 Index bounced more than 12%…
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Goldman Sachs slashes London banker pay by 60% in first half of 2022
Goldman Sachs has cut the amount it spends on pay for London bankers by nearly 60% in the first half…
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PwC lowers graduate entry requirements in race for fresh talent
PwC is lowering its bar for new graduates joining the firm, CityAMreports. The Big Four professional services business has said…
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ASX surges higher after US inflation slows: Aus shares up 1.12%
The ASX closed near the day’s high, following a strong lead from Wall Street overnight. Lithium stocks were very much…
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AMP carrot bigger than its stick
AMP (ASX:AMP) reported a 24.5% slump in half-year profit but will throw a $1.1 billion capital return the way of…
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Positioning for a hard landing
By Cameron McCormack Historic levels of inflation and aggressive rate hikes by central banks are shrinking investor confidence in a…
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Can we feed the planet and still hit net zero?
By Janus Henderson Investors Two billion more people to feed between now and 2050 With population growth showing no signs…
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Japan Bounces Back to Economic Growth as Coronavirus Fears Recede
TOKYO — Restaurants are full. Malls are teeming. People are traveling. And Japan’s economy has begun to grow again as…
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Record result for BlueScope but future murky
While BlueScope Steel (ASX:BSL) has met guidance with a record result for the year to June of $2.81 billion, investors…
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Climate change no chump change for insurers
Climate change played a key role in the heavy rain and floods in southeast Queensland and along the NSW coast…
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US markets surge, ASX earnings season kicks off in a big way
Stocks rose sharply on Friday, clinching the fourth straight positive week for the S&P 500 as investors celebrated signs…
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Workers Vote to Unionize at a Second Trader Joe’s
Workers at a Trader Joe’s in Minneapolis voted on Friday to unionize, adding a second unionized store to the more…
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Private equity firms brace for slower fundraising
Private equity firms are anticipating a tougher fundraising slog as market volatility hits both their own balance sheets and those…
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Abrdn dives into crypto with stake in digital securities exchange
Abrdn has acquired a stake in digital securities exchange Archax, following through on the £508bn asset manager’s ambitions to enter…
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Regulators could order hedge funds to disclose crypto exposure
The collapse in cryptocurrency prices this year has left US regulators scrambling to understand the risks that digital asset markets could pose…
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BlackRock is diving into crypto with a bitcoin private trust — here’s what investors need to know
BlackRock is diving headfirst into cryptocurrencies, including a new spot bitcoin private trust for institutional investors. The trust is available…
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Lammam and Speer: Canada’s ‘G-shaped recovery’ could be masking weakness
Breadcrumb Trail Links FP Economy Relying on an artificial boost of government-led hiring to prop up the economy is unsustainable…
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How Tornado Cash crackdown exposes holes in crypto regulation
The US sanctioning of a prominent cryptocurrency platform this week exposed technical gaps in the government’s ability to prevent criminals,…
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Musk ditches $7bn in Tesla stock as Twitter deal uncertainty continues
Elon Musk sold nearly $7bn worth of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his…
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Truss argues for powers to overrule City regulators
Liz Truss is ready to give politicians the power to veto decisions made by regulators if she becomes Prime Minister, as…
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Why Credit Suisse’s ‘fundamental’ investment bank overhaul is long overdue
Last month I suggested that the current management team at Credit Suisse would probably get a bit more time to…
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The JPMorgan banker going for gold at the Commonwealth Games: ‘I’m no stranger to high pressure’
Micky Yule was Team Scotland’s flag-bearer at the opening ceremony for this year’s Commonwealth Games, which kicked off on 28…
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Top BitMEX employee guilty of violating US anti-money-laundering rules
A top employee at BitMEX has pleaded guilty in New York to failing to put in place an anti-money-laundering program…
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