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Just about everyone has been enjoying bumper returns from their superannuation fund, thanks to some big gains in the sharemarket. Over the past five years to December 31, a typical "balanced" super portfolio has produced an average annual compound return of 7.6 per cent, fund researcher SuperRatings figures show. Jonathan Philpot, of HLB Mann Judd, expects equity returns to pull […]
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Over the past few days, I’ve been conducting a little experiment. When the opportunity arose, I’ve been asking people about their technology habits. The question was simple: “Do you use at least one of these companies?” – Facebook, Amazon, Apple, Netflix or Google. FAANG stocks are together worth about $6 trillion – three times as much as all the shares […]
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* Brazil’s real slips on rate outlook, current account data * Commodity-linked currencies drop on weak prices * MSCI EM stocks eye worst day since Nov 2018 (Adds details, updates prices) By Ambar Warrick Jan 27 (Reuters) – Latin American assets slid on Monday as investors fretted over the potential economic damage of China’s coronavirus outbreak, with Brazil’s real touching […]
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Will Donald Trump win reelection in 2020? To find out, you’d think you could just look up whether more Americans are registered as Republicans than Democrats. But the truth is, it doesn’t really matter which party you register with on paper. Besides, 19 states don’t even register voters by party. What really matters is what political scientists like myself call […]
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* Brazil’s real slips on rate outlook, current account data * China virus stokes fears of economic impact * Chilean peso tracks decline in copper prices By Shreyashi Sanyal Jan 27 (Reuters) – Latin American stocks slid on Monday as investors fretted about the potential economic damage of China’s coronavirus outbreak, while Brazil’s real fell to its lowest level in […]
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The UK private sector returned to growth in January as the receding political uncertainty lifted new orders, survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed Friday. The flash composite output index rose to a 16-month high of 52.4 in January from 49.3 in December. The headline reading registered above the crucial 50 score for […]
Read more (Repeats story from Jan 24, with no changes to text) * IMF bailout programme hangs in the balance * Congo pushing for haircut on oil-backed loans * Congo in default with Trafigura * Glencore has not received an oil cargo since 2018 By Julia Payne, Dmitry Zhdannikov and Joe Bavier LONDON/JOHANNESBURG, Jan 24 (Reuters) – Talks to salvage a tentative […]
Read more TOKYO, Jan 27 (Reuters) – Japanese government bond prices gained on Monday, with the yield on 30-year bonds hitting its lowest level in nearly three months, on growing concerns about the new coronavirus that is starting to spread in China and other countries. Benchmark 10-year JGB futures rose 0.26 point to 152.59, climbing to their highest since early December. The […]
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DAKAR, Jan 27 (Reuters) – Congo Republic’s public debt could be more than one-third higher than the International Monetary Fund estimated when it awarded a bailout last year because of liabilities held by the state oil company, environmental and rights group Global Witness said on Monday. The IMF estimated the debt at nearly $9.5 billion, 85.5% of the Central African […]
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The smartphone message going out to customers of Barclays is warm and friendly. “Coming soon,” it says, “when you pay someone new, you’ll be able to check the name on their account to help make sure you’re paying the right person.” How lovely of the banks to be introducing such measures to protect us all. But the reality is that […]
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