New York Report: World affairs rock markets July 21, 2014 US stocks slipped yesterday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained. The S&P 500 fell as much as 0.6 per cent, though it closed right above its 14-day moving average, suggesting buyers were [...]
Brits account for a quarter of “suicide tourists” August 21, 2014 Brits accounted for nearly a quarter of assisted deaths in Switzerland in the last four years, with the total number of what academics have dubbed “suicide tourists” doubling in that time. According to a study published in the Journal of Medical Ethics, 126 UK citizens travelled to Switzerland to receive assistance while taking their [...]
Nat Rothschild enters Lions’ den to win over cabbies with Maaxi taxi app September 29, 2014 Financier Nathaniel Rothschild is to go up against controversial travel app Uber, launching a new ride-share application called Maaxi, which will facilitate cheaper black cab rides by grouping customers travelling to the same destination. He has teamed up with Argentine technology heavyweight Gabriel Campos, the former CEO of gaming website Pokerstars, to bring the [...]
Wall St The Week Ahead: US markets rebounding July 21, 2014 VOLATILITY spiked last week after the tragedy of a downed civilian jetliner in Ukraine and the mounting death toll in Gaza and Israel interrupted the summer trading slumber. Still, the bears may have to wait a while to call the start of a correction. Uncertainly took over Wall Street Thursday as investors fled stocks, giving [...]
What will happen to the world in 2015? Here are eight great changes that will take place this year January 2, 2015 The last 12 months have left behind a big pile of problems for the world to deal with in 2015. The militant group Islamic State has taken over large swathes of the Middle East and now poses a greater threat to the West than any power since the Soviet Union, while the deadly Ebola virus [...]
Teva chief to stand down June 18, 2014 THE chair of the world’s biggest generic drugmaker Teva Pharma-ceuticals announced yesterday that he would step down by the end of the year. In a letter to shareholders of the Israel-based firm, Phillip Frost said: “With the progress we have made, and continue to make, at Teva, I have advised the board that I believe it [...]
Julius Baer hits asset high amid Israeli takeover July 21, 2014 WEALTH manager Julius Baer yesterday said it would acquire the private banking assets of Israeli lender Bank Leumi as it unveiled a strong set of half-year results. The Swiss-based group, which offers services for well-heeled savers, will take on Bank Leumi’s SFr5.9bn (£3.8bn) of assets in Switzerland and a private bank subsidiary in Luxembourg with [...]
New York Report: US stocks lifted by Warren Buffett gains August 4, 2014 US stocks closed higher yesterday, lifted in a late rally driven by earnings from Warren Buffett’s Berkshire Hathaway and broad gains across most sectors that helped the S&P 500 rebound from its largest weekly drop since 2012. Warren Buffett’s Berkshire Hathaway gave the S&P 500 its biggest boost, helping it snap a two-day losing streak [...]
MH17 plane crash and US sanctions against Russia fuel oil price jump July 18, 2014 Global oil prices have risen steeply as fears of a prolonged period of heightened geopolitical tension, and its possible impact on oil supplies, grew following the downing of the Malaysia Airlines jet in eastern Ukraine. The crash of flight MH17 on route from Amsterdam to Kuala Lumpur on Thursday, which led to the loss of 298 [...]
MH17 plane crash: Markets slump as Malaysian Airlines share price falls July 18, 2014 European shares edged lower today, weighed down by geopolitical risks in the aftermath of the MH17 Malaysian Airlines crash over eastern Ukraine and the Israeli ground offensive in the Gaza strip. Investors reacted with caution to the uncertainty over how the downing of the jetliner would impact the ongoing conflict between Ukraine and separatists, as [...]