Crypto is a revolution built on economic and social incentives November 23, 2021 Crypto is built on economic and social incentives that make good actors of the mass majority of participants because it is transparent, says Dr Kacher.
The City after Brexit: With Refinitiv, Shearman & Sterling and the Investment Association October 26, 2021 Brexit, ‘greenwashing’, COP26, the EU/UK taxonomy, China in the wake of the Evergrande affair, the EU’s push for ‘strategic autonomy’ as well as privacy and the use of data are being discussed by CSFI director Andrew Hilton and this panel. They also zoom in on the latest IA report on asset management, and have a [...]
Bitcoin price holds over $60k as S&P 500 climbs October 25, 2021 Bitcoin continues to hover at just below its all-time high after last week’s brief foray into the uncharted territory of $67k.
The Week Ahead: Markets set for flurry of big bank earnings, ahead of the Budget October 25, 2021 It was contrasting week for US and European markets last week, with the Dow and S&P500 once again setting the pace with more record highs, while European stocks lagged behind, finishing the week lower, despite a valiant attempt to recoup their losses from an early week sell-off. The recovery in the latter part of the [...]
Markets today: Public finances in focus ahead of next week’s budget October 21, 2021 Yesterday’s European market session was a fairly subdued affair, even if it was a positive one, with the FTSE100 trading in one of its narrowest ranges this year. By and large many companies have been reporting decent numbers and have been able to pass on the increase in costs, to their customers, without a significant [...]
Evergrande’s plans to offload property unit fall through as default deadline looms October 20, 2021 Embattled Chinese property giant Evergrande’s plans to offload half of its property services unit have fallen through. The deal, which would have raised $2.6bn to pay off its creditors, collapsed after Evergrande decided the purchaser had not met the terms to make an offer. Evergrande was once China’s top-selling developers. But, after years of piling [...]
UK banks’ earnings season is tough one to call October 20, 2021 Wall Street’s biggest banks have reaped the rewards of a booming deal environment, the release of loan loss reserves and swelling deposits. Goldman Sachs, Bank of America and JPMorgan all flexed their muscles as they kicked off US earnings season last week. Now, it is the turn of their British pretenders, starting tomorrow with the [...]
Energy crunch chokes China economy October 18, 2021 China’s energy crunch choked economic growth as factories switch off production amid shortages and soaring energy costs. The world’s second largest economy grew 4.9 per cent in the last quarter compared to the same period last year, the slowest rate of expansion since the third quarter of last year. Third quarter growth came in below [...]
DOT takes lead as Bitcoin recovers, but retail market still yet to join party October 14, 2021 A swift recovery for Bitcoin has seen the price of the largest cryptocurrency climb back to more than $57k, having briefly dropped below the $55k mark yesterday.
M&A cash: Uncertainty and reduced leverage capacity make it harder to finance takeovers October 12, 2021 One of China’s biggest property developers, Evergrande, has come under mounting pressure in recent weeks to repay investors and bond holders on the back of three missed payments on over $300bn of liabilities. This potential default has triggered fears across global markets that investors will not get their money back. It has also had an effect on [...]