By Chris Taylor NEW YORK (Reuters) – Here is something to make you feel old: Next year will mark the 40th anniversary of the first TED Talk. By now, we are all very familiar with the format: Subject-matter experts giving smart, pithy speeches about technology, entertainment and design. But while topics can be all over…
ZURICH (Reuters) – Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is projected to rise 38% by 2027, driven largely by emerging markets, a study published by Credit Suisse and UBS showed on Tuesday. The annual Global Wealth Report, which estimates the wealth holdings of 5.4 billion…
By James Davey (Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing, home and food businesses, sending its shares up sharply. The 139-year old group, whose shares have risen 66% so far this year, said it now expected…
By Samuel Indyk and Joice Alves LONDON (Reuters) -Sterling rose against the dollar on Tuesday after data showed British wages grew at a record pace in the second quarter, adding to the Bank of England’s inflation worries, though gains were capped by some signs of a cooling labour market. Wages excluding bonuses were 7.8% higher…
By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said in a note to clients. Only 11% of the 340 investors with $1 trillion in assets surveyed have renegotiated the minimum returns hedge…
LONDON (Reuters) -Nearly half of people with interest-only mortgages may be too optimistic about their ability to pay the outstanding capital, Britain’s Financial Conduct Authority said on Tuesday. Interest-only mortgages are typically favoured by wealthier customers but sharp increases in Bank of England interest rates mean that borrowers face big hikes in monthly interest payments….
A look at the day ahead in U.S. and global markets from Mike Dolan, Editor-at-Large, financial industry and financial markets As investors switch attention to the health of the U.S. consumer, a funk in China’s economy, markets and currency appeared to deepen and emerging market ructions spread. After another disappointing reading for industrial production and…
(Reuters) – U.S. stock index futures slipped on Tuesday as government bond yields held on to recent highs ahead of retail sales data for July which is expected to show resilient consumer spending and shed more light on the trajectory for U.S. interest rates. The Commerce Department’s report due at 0830 a.m. ET (1230 GMT)…
OSLO (Reuters) – Norway’s central bank is expected to raise its benchmark interest rate by 25 basis points (bps) to 4.00% this week to curb inflation, economists polled by Reuters unanimously predicted. Norwegian core consumer prices rose 6.4% year-on-year in July, more than three times the central bank’s goal of 2% annual price growth but…
SINGAPORE (Reuters) – Singapore Exchange (SGX) said on Tuesday that it will start trading structured certificates this month, making it the first in Asia to list the third-party issued financial instruments that are commonly traded in Europe. The first issue of the structured certificates is a yield enhancement product linked to Chinese tech giant Alibaba…
