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How Gautam Adani became the world’s fourth richest person while billionaires like Jeff Bezos lost tens of billions
Gautam Adani has had a very good year. The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the…
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Ex-Bank of England governor Mark Carney blames Truss’s ‘partial budget’ for ‘big knock’ on UK economy
Mark Carney said the UK’s financial system has taken a “big knock” after major tax cut and spending announcements by prime…
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Trading Places: Morgan Stanley’s new Europe dealmaking chief, Credit Suisse’s senior hires, JPMorgan’s ECM shake-up
It’s been a pretty busy week for movers and shakers in the City. Here’s the shifts you need to know…
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City bankers take gongs at annual awards for Black British businesses
The City’s top Black professionals and rising stars were honoured at a celebration of business talent on 29 September. In…
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Kevin Carmichael: Acute labour shortages about to become chronic source of economic pain
Breadcrumb Trail Links News Help Wanted FP Work FP Economy There are ways to increase the size of Canada’s labour…
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Microbusinesses boomed during the pandemic. Now, local leaders need to support them.
In the spring of 2021 as the Covid19 pandemic lingered on, Kalamazoo’s Deputy Director of Economic Development Antonio Mitchell had…
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Contraction ‘only a matter of time’: What the GDP numbers say about Canada’s economy
Breadcrumb Trail Links News FP Economy GDP ‘surprised to the upside’ in July but not for much longer, say economists…
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Erdogan says Turkey will keep cutting interest rates, mocks British pound
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara,…
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BVCA boss Michael Moore: Private equity must close ‘comprehension gap’ with government
The boss of the British Private Equity and Venture Capital Association has called on the sector to work with policymakers to close…
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Legault says more immigration would be ‘suicidal,’ creating a flashpoint with Quebec businesses
Article content Quebec Premier François Legault, who is on the verge of a landslide victory in next week’s provincial election,…
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Chancellor Kwasi Kwarteng bids to reassure markets after IMF rebuke
K wasi Kwarteng will step up efforts to reassure the City about his economic plans after the International Monetary Fund…
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Meeka Metals (ASX:MEK) developing gold and rare earths projects
Meeka Metals Limited (ASX:MEK) Managing Director and CEO Tim Davidson discusses recent gold and rare earths results and the outlook…
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Cathie Wood’s ARK dips into private investments
Cathie Wood’s ARK Investment Management on 27 September debuted the ARK Venture Fund, the firm’s first foray into private investments.…
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ASX erases yesterday’s gains: Aus shares close 0.5% lower
It was choppy trading on the ASX today with the S&P/ASX 200 commencing the session in positive territory, before…
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Renewables rejuvenating mining sector
Transitioning away from fossil fuels and towards renewables is breathing new life, new investment and new jobs into the NSW…
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Synlait milking turnaround for all it can
The recovery in the fortunes of dairy companies on both sides of the Tasman continues with news from NZ-based Synlait…
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KPMG junior in Carillion forgery case should have questioned orders, tribunal says
Former KPMG accountant Pratik Paw should have questioned the “highly unusual” instructions he received from his superiors to create meeting…
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Celsius boss Alex Mashinsky quits amid flood of crypto executive resignations
Celsius chief executive Alex Mashinsky has quit his job months after the embattled crypto lender filed for chapter 11 bankruptcy…
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Jupiter’s new chief plans restructure to revive struggling asset manager
The incoming chief executive of Jupiter Asset Management has told staff that the FTSE 250-listed group will undergo a restructuring…
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Boutique Qatalyst Partners pays London dealmakers £1.3m after bumper year
A boutique investment bank specialising in big-ticket technology deals paid a handful of London-based dealmakers an average of £1.3m last…
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Ex-Credit Suisse chair António Horta-Osório joins PE firm Cerberus Capital Management
Former Credit Suisse chair Sir António Horta-Osório has joined Cerberus Capital Management as a senior adviser in Europe, adding to…
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Helena Morrissey to step down as AJ Bell chair over CEO succession
Baroness Helena Morrissey has stepped down as chair of online investment platform AJ Bell after less than a year in…
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Shares sliding again – what’s driving it and is there any light at the end of the tunnel?
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses drivers behind share market pressure, further risks,…
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ASX in the green despite Wall Street falling overnight: Aus shares 0.3% higher at noon
The ASX is trading higher this morning despite the Dow Jones index entering a bear market overnight, and the British…
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Sigma pays big time for lack of direction
Investors in Sigma Healthcare (ASX:SIG) reacted negatively to yesterday’s half year results, details of a major change in strategy and…
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Surging $US playing havoc with financial markets and global trade
US equities sank as the US dollar hit a record high against the British pound, adding volatility to markets already…
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OECD predicts Bank of Canada will hike interest rate to 4.5% in 2023
Article content The Organisation for Economic Co-operation and Development expects the Bank of Canada to raise its policy interest rate…
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Can Liz Truss’ mini-budget really revive UK business?
Joseph C. Sternberg is a member of the Wall Street Journal’s editorial board and the political economics columnist The UK’s…
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No local shake-out at Fonterra after all
The world’s biggest dairy company, New Zealand’s Fonterra (ASX:FSF), will keep its Australian operations, deciding not to sell after having…
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Ratings agencies cool on mining, energy prospects
2022 so far has been as good as it will ever get for the world’s mining and resource companies but…
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Kwarteng’s tax cut for City’s wealthiest could sting pension savings
The City’s wealthiest are set to benefit the most from cuts to income tax in chancellor Kwasi Kwarteng’s mini-budget, but there’s a…
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Shares facing falls, Fed risks overtightening, UK stimulus, Why RBA should not match Fed, CPI
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past…
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Commodities corner: Dumpster diving
Rising interest rates, the soaring US dollar and renewed recession worries sent commodities prices lower on Friday ending a week…
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Currency affairs: Forex markets spring to life
A blast from the past as suddenly market worries about currency values have joined rising inflation in making a comeback…
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New minimum tax could hit Berkshire Hathaway and Amazon hardest, study shows
Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019.…
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Stocks of the Hour: Kingston Resources, Provaris Energy, Caspin Resources
Tune into tomorrow’s webinar discussing energy, production & exploration, cleaner power solutions and mining technology. Click here to register. Kingston…
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Nucor profit warning bodes ill for BlueScope
A warning for BlueScope Steel (ASX:BSL) this week from a trading update by one of its biggest US rivals, Nucor.…
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Local jobs market remains robust
Another strong month for the Australian labour market with more people looking for work, the ending of school holidays and…
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FedEx downgrade catches Wall Street on the hop
Global logistics giant FedEx produced an earnings downgrade that took Wall Street by surprise and should be considered more seriously…
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ASX heads south again: Aus shares 1.1% lower at noon
At noon, the S&P/ASX 200 is 1.06 per cent or 72.30 points lower at 6770.60. The SPI futures are…
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JPMorgan’s Daniel Pinto says banks need to be ‘very careful’ about cutting dealmaker jobs
The head of JPMorgan’s investment bank said banks need to be “very careful” about making deep cuts to dealmakers, even…
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US fundies continue to head for the hills
This week’s selloff was another example of letting the numbers tell the story about the way big investors are retreating…
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Netflix report set to usher in new era of broadcasting
Six weeks or so to go to one of the highlights of America’s quarterly reporting season – the release of…
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Lisa Cameron MP: ‘You can’t keep your head in the sand and hope crypto goes away’
Can you remember the moment you started caring about crypto? Lisa Cameron can. “One of my constituents had been scammed,”…
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Putin raises threat of nuclear response as Ukraine conflict escalates
MOSCOW — In a major escalation of the war in Ukraine, Russian President Vladimir Putin raised the threat of a…
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Markets already looking past next rate rise
Only a couple more sleeps until the September meeting of the US Federal Reserve and its forecast three quarters of…
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ASX surges higher in morning trading: Aus shares up 0.8% at noon
Australian shares have risen in morning trade, after Wall Street recovered from its two-day losing streak as investors wait to…
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Stocks of the Hour: Ragusa Minerals, ABx Group, AML3D
Ragusa Minerals (ASX:RAS) today advised that it has received notification from the Northern Territory’s Mineral Titles office that the Company’s…
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EV sector could mean a quarter of a million jobs and $50 billion a year to Canada
Article content In the fall of 2020, the Ontario and federal governments announced they would spend a combined $590 million…
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Forrest puts foot down re Fortescue footprint
Andrew “Twiggy” Forrest’s Fortescue Metals Group (ASX:FMG) has given itself eight years and a budget of around $9 billion to…
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