Trouble in the financial jungle The investment company Tiger Global management has announced it is to retreat on many of its China equity investments, saying it seeks more clarity before putting more cash into the country’s stocks and economy. Tiger executives, including founder Charles “ Chase” Coleman, said that President Xi Jinping’s re-election and his […]
Tiger turns from China Read More »
VIP or VP? Music and movie stars jumping on fads or embracing odd innovations is nothing new, but for some time NFTs have gained traction among the famous and wealthy. Celebrities are backing the digital tokens, either by minting their own on-brand collections or purchasing them at high prices. Stars such as Justin Bieber, Snoop
The strange world of celebrity crypto endorsements Read More »
The message is the medium Social media companies have been appearing as much on the business pages as tech sites in recent times, not just with Elon Musk’s Twitter purchase finally drawing to a close while Meta’s share price has hit a yearly all time low. Donald Trump’s investment in the relative newbie channel Truth
Social not so heavenly Read More »
Investors shy away as yields fall Observers have pointed to a plunge in China’s offshore property bonds, which constitute a large proportion of the country’s previously rewarding dollar-denominated, high-yield debt market. The bonds plunged as Beijing cracked down on property speculation last year, which meant dozens of local developers defaulted on interest and principal payments.
Chinese bonds come unstuck Read More »
A sector shooting up its profits The video gaming industry has grown in leaps and bounds, especially in the last two years with the pandemic, but what does the market actually look like for potential investors? There are 2.7bn video game players around the world, one third of the population of the planet, creating global
Fishing suspension affects economy For the first time, fishing crews in Alaska announced they won’t be careering through ice and sea to pluck snow crab from the Bering Sea, due to dwindling stocks of the crustacean. The Alaska Department of Fish and Game cancelled snow crab season this year after a catastrophic population crash of
Economic factors in latest election With Brazil’s economy repairing itself progressively since the pandemic, unemployment falling to its lowest in nearly seven years and consumer prices finally edging downward, what is on the minds of the country’s voters? The rash of recent positive economic indicators may boost the chances for incumbent President Jair Bolsonaro, who
Brazil back at the ballot box Read More »
Nord Stream latest With the main gas pipelines from Russia into Europe being disrupted or halted, nor only have EU nations and the UK price hikes and shortages in supply, they also face diplomatic hurdles. This week, Vladimir Putin claimed the ball is now in the European Union’s court – “let them just open the
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Steeling for sanctions After international bans on gold and oil, Moscow now faces an embargo on its metals industry as financial centres around the world weigh up what practicalities such a move would have. The London Metal Exchange has announced it is looking at a three-week analysis process on the possibility of banning Russian metal,
Russia heavy with metal strife Read More »
Awaiting the nadir The markets have been tanking for some time now, so it’s reasonable to ask: Challenges to the carmakers When will we see the bottom? When will prices reach their lowest? When will the stock market recover? Many analysts are warning of a “double bottom” pattern that could be bullish, and could create
How low can we go? Read More »
