This is part of a series on the global rise of exchange traded funds You only need to look back to the tumultuous November in markets to see the growing significance of exchange traded funds that track bonds. While a bond from brewing behemoth Anheuser-Busch claimed the crown of being the most heavily traded corporate debt security last month, those volumes were dwarfed by bond ETFs. The average […]
By Ju-min Park | SEOUL SEOUL South Korea on Wednesday issued an arrest warrant for a daughter of the woman at the centre of President Park Geun-hye’s corruption scandal and investigators raided the National Pension Service over possible links to the scandal. A special prosecutor’s investigation started on Wednesday into the influence-peddling scandal that threatens to make Park, 64, the first democratically-elected leader to leave office early […]
SYDNEY The U.S. dollar held near 14-year peaks on Wednesday as global yield spreads moved inexorably in its favor, while a falling yen lifted Japanese shares to a one-year top. The Nikkei .N225 added 0.3 percent in thin trade, while Australia’s main index climbed 0.6 percent to its highest in 17 months after Wall Street racked up more records. Japan’s government upgraded its overall assessment of the […]
The four new games for January in Xbox Live’s Games With Gold program has now been announced, bringing two titles each from Xbox and Xbox 360 to Xbox One and Xbox Live Gold members for free. These games can all be played on Microsoft’s latest flagship home console by virtue of backward compatibility. Beginning Jan, 1, 2017, users can download World of Van Helsing: Deathtrap and The Cave for free, while […]
It’s still hard to believe Orlando is home to the worst mass shooting in U.S. history. Even six months later, it’s surreal to think 49 people were killed at a club I pass every day on my way to work. The shooting changed Central Florida forever and with it, transformed our newsroom and reporters. The news was unbelievable. It made no sense. Even veteran journalists were in […]
Tuesday 19:45 GMT Overview A robust session for US equities saw the Dow Jones Industrial Average climb to within a whisker of the 20,000 milestone as participants shrugged off geopolitical concerns and focused on the prospect of stronger growth under the presidency of Donald Trump. The “risk-on” mood in the markets left US Treasury prices and gold lower while the yen — viewed by many as a […]
The Dow and the Nasdaq hit record highs on Tuesday, with the blue-chip index just 13 points shy of the 20,000 mark, a level it has never scaled. Goldman Sachs (GS.N), which was up about 1 percent, gave the biggest boost to the Dow. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and S&P more than […]
The Star Wars universe has some of the most iconic looking planets ever to be seen on the big screen. From arid planets such as Jakku and Tatooine to watery worlds such as Kamino and Scarif, the places shown in the movies have captured the imaginations of moviegoers for decades. Now, NASA plans to use these colorful Star Wars worlds as inspiration in its hunt for other […]
Turkey’s lira, the second-worst performing currency of 2016, reverted to type with a bout of volatile trading after the country’s central bank kept interest rates unchanged. After strengthening by nearly 1 per cent ahead of the meeting, the lira came back under pressure and was trading at around TL3.54 to the dollar, although another bout of volatility subsequently pushed it higher in late London trading. Concerned about […]
It started off as one of those typical conversations you have when you’re in a foreign country and the taxi driver recognizes you to be a foreigner. “Where are you from?,” he asks, soon after I get into the bright yellow taxi cab, to which I reply “Sri Lanka.”“Beautiful country,” he responds.“Have you been there?” I ask him politely.“No, but my friend went there for a holiday. He […]
Microsoft is bringing a couple more free games for Xbox Live Gold members as part of Games With Gold, fulfilling its promise of a total of four free titles for the month of December. Burnout Paradise and Outlast join Sleeping Dogs: Definitive Edition as part of Microsoft’s Games With Gold lineup for December, taking over the place of Outland and Murdered: Soul Suspect, which have reached their expiration date. Games With […]
Samsung has unveiled a new line of 13.3- and 15-inch Notebook 9 laptops, upgrading the specs under the hood and making the models a whole deal lighter than their predecessors. This announcement comes ahead of CES 2017, an event where manufacturers typically take the stage to showcase new devices. Despite the fact that many competitors have yet to reveal their cards for this year, the South Korean […]
Researchers have developed a novel method for delivering therapeutic molecules into cells. The method harnesses gold nanoparticles that are electrically activated, causing them to oscillate and bore holes in cells’ outer membranes and allowing key molecules — such as DNA, RNA, and proteins — to gain entry. (via WSJ)
Tuesday 02:20 GMT Overview Stock markets across Asia were largely on the back foot, with investors in the Japanese market treading particularly cautiously despite the yen weakening and the Bank of Japan keeping monetary policy meeting steady, as expected. Hot topic Global financial markets were beginning to quiet down in the lead-up to Christmas. Despite attacks in Germany and Turkey on Monday that added to geopolitical unease, […]
Reliance Jio is a great, big, and savvy Indian python that has recently slithered into the telecom space, threatening to swallow the lunch of existing incumbents like Airtel and Vodafone. The question is, will it end up swallowing itself tail-first as well? As I wrote a few months ago, and as you probably may well know, Mukesh Ambani, India’s oil to telecom billionaire who is not known […]
Jim Cramer looked a little worried this evening, during his Maddening Money programme. All throughout the elections, the establishment elite, globalist shills, underestimated Trump’s desires to make America great again. With today’s electoral college win and Trump’s persistent lack of subservience to China, the shills on Wall Street are starting to wonder if it’s really happening. It really is this time, happening that is. In the brief […]
As we celebrate the completion of another trip around the sun, and prepare to start the next one, the festive television season is shifting into high gear. Grab your remote – we’ve got more than enough TV treats to enjoy as you relax on the sofa after all the preparation and socialising. Pop that gourmet corn, rip open a box of chocolate and enjoy a wide range […]
The key economic releases this week are durable goods and GDP on Thursday. Chair Yellen’s speech on the labor market on Monday afternoon is also likely to garner considerable attention. While the calendar gets quieter in the weeks ahead over the holiday season, there are a few notable macro events to keep traders occupied. This week, the Bank of Japan and Riksbank deliver their latest policy verdicts, […]
Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of it) and why precious metals and geographical diversification are the most viable options investors around the world, not just India, should be taking. “The situation is getting worse by the day… […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0401 GMT, up 36 cents, or 0.7 percent, from their last close. U.S. West Texas Intermediate […]
Federer landed on his still-fragile left knee, which in February had required him to have surgery for the first time in his career, keeping him out for more than two months. Though he got up slowly at Wimbledon and finished the match, he did not finish the season. He even missed the Summer Olympics in Rio de Janeiro, which had long been one of his major late-career […]
Monday 02:20 GMT Overview Stocks across Asia were weaker, retreating in line with Wall Street’s slight pullback on Friday from last week’s record highs, and as the US dollar softened. What to watch Investors are turning their attention to the Bank of Japan’s policy decision on Tuesday, in the wake of the Federal Reserve’s interest rate rise last week. While the dollar’s strength over recent weeks seems […]
Six new species of marine animals have been discovered on the sea floor of Indian Ocean, living close to a bunch of hot springs. In a robot led survey, scientists from the Southampton University, Natural History Museum in London and University of Newcastle explored hydrothermal vents in the seabed. Their expedition in November 2011 yielded valuable data and led to the discovery of new organisms living on the […]
Famous U.S. treasure hunter, Tommy Thompson found a trove of gold coins and bars on the floor of the Atlantic ocean back in 1988. The treasure came from the SS Central America, which sank to the bottom of the sea during a hurricane in 1857, along with at least three tons of California gold and its 425 crewmembers. The gold lay on the ocean floor for 180 […]
