top financial news today
- Finance
Yanis Varoufakis: How the West poisoned its money after the crash
Yanis Varoufakis, a former finance minister of Greece, is leader of the MeRA25 party and professor of economics at the University of…
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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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Nuix, directors get nipped by watchdog
Shares in tech company Nuix (ASX:NXL) eased in late trading on Thursday on news that ASIC was taking the company…
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The potential of the CHIPS and Science Act for rural America
The CHIPS and Science Act (CHIPS) passed with bipartisan support from Congress and was signed into law by President Biden…
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What the BoE’s intervention did to the run on global government bonds
A wild run for global government bonds took an unexpected turn on 28 September after the Bank of England stepped in…
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Herbert Smith Freehills teaches PE lingo to staff in race for $2.3tn in dry powder
Deal advisers at law firms have set their sights on winning lucrative private equity clients as transactions involving buyout houses…
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Resurgent ASX rallies: Aus shares 1.8% higher at noon
At noon, the S&P/ASX 200 is 1.82 per cent or 117.70 points higher at 6579.70. The SPI futures are…
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Aussies continue to shop away their blues
Another solid month for Australian retailers with August sales up 0.6%, confirming Australian consumers have yet to pull back significantly…
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Arovella Therapeutics (ASX:ALA) partners with Imugene (ASX:IMU)
Arovella Therapeutics Limited (ASX:ALA) Managing Director and CEO Michael Baker discusses the company’s collaboration with Imugene to combine therapies. Tim…
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Tandem Bank chief executive Susie Aliker steps down after 18 months in the top job
Challenger bank Tandem is to get a new chief executive, after current boss Susie Aliker handed in her resignation just…
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Credit Suisse names new investment bank leaders after Welter quits for Citigroup
Credit Suisse has named two new leaders of its European investment bank after 27-year veteran Jens Welter quit to join…
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Crypto technology could bolster capital markets, BoE’s Cunliffe says
The technology that underpins crypto could help bolster traditional capital markets, according to the Bank of England. “The greater impact…
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Kwarteng tells bankers to expect Big Bang 2.0 despite market volatility
Chancellor Kwasi Kwarteng told leading bankers he was committed to fiscal discipline in a 28 September meeting, as the pound continued…
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The risky business of carbon capture in Canada
Article content Oil companies are making billions of dollars in profits, so a new report asks why there haven’t been…
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Wall Street pays $1.8bn in fines after traders use banned messaging apps
Eleven of the world’s largest banks and brokerages will collectively pay $1.8bn in fines to resolve regulatory investigations over their…
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Stuart Kirk slams coal divestments as ‘immoral’ in latest spat with ex-employer HSBC AM
HSBC Asset Management’s former responsible investing boss Stuart Kirk, who quit in July amid controversial comments he made on climate…
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ASX marginally lower: Aus shares down 0.3% at noon
The ASX gave up modest gains in this morning’s trade to dip into the red at lunchtime trading. At noon,…
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Stocks of the Hour: Critical Resources, QX Resources, Sabre Resources, Asra Minerals
Critical Resources (ASX:CRR) announced today assay results from the current diamond drilling campaign at the Company’s 100% owned Mavis Lake…
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Carnarvon talking loud, saying little
Was Carnarvon Energy (ASX:CVN) trailing a very transparent coat on Tuesday with a distinctly un-newsworthy statement on its attractiveness and…
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Investors push for sale of TP ICAP’s Parameta
Shareholders are pressing TP ICAP to sell off its post-trade data and analytics arm Parameta. According to Sky News, the…
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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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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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Stocks of the Hour: Magnis Energy Technologies, Sayona Mining, Pure Hydrogen, Ragusa Minerals
Magnis Energy Technologies (ASX:MNS) today announced that it has completed an update to the 2016 Bankable Feasibility Study (BFS) for…
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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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ASX slammed, hits 3-month low: Aus shares close 1.6% lower
Australian shares have started the week sharply lower after global equity markets tumbled on Friday. Concerns over global growth and…
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10,000 Black Interns picks former Great Britain swimmer as new CEO
Former professional swimmer Rebecca Achieng Ajulu-Bushell has been named chief executive of 10,000 Black Interns, an organisation that is striving to…
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Truss’s energy plan could take the pound to breaking point
Gene Frieda, a global strategist at PIMCO, is a senior visiting fellow at the London School of Economics Thirty years…
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ASX plummets: Aus shares 1.6% lower at noon
Australian shares have started the week sharply lower after global equity markets tumbled on Friday. At noon, the S&P/ASX 200…
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The regime change in markets demands fresh ideas
By Justin Thomson – Chief Investment Officer, International Equity, T. Rowe Price The economist Paul Samuelson once famously said: “When…
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It’s the economy, stupid: FP videos on what Canadians care about
Article content This week FP’s top videos turn the spotlight on the economy and how Canadians are coping in uncertain…
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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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US equities lower, but is the market cheap or expensive?
US equities were lower in Thursday trading, though finished a bit off off worst levels as S&P closed just above…
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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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Goldman to cut poor performers in annual cull
In a return to pre-pandemic practice of hiving off low-performing staffers from the bank, Goldman Sachs is set for a…
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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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Why Liz Truss’s brutal sacking of Tom Scholar could further alienate an angry civil service
It is hard to overstate the anger in the senior ranks of the civil service at the summary sacking of…
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Barclays CEO Venkat sees trading boom fading next year
Barclays’ chief executive warned that the boom in trading revenue that has helped banks offset a slump in dealmaking fees…
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Yuan, CSI caned as China property crisis deepens
The deepening property crisis took all the gloss off China’s better than expected data for production, retail sales and investment…
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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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Commodities corner: All flight, no quality
Gold prices fell to their lowest levels in more than two years on Friday, as expectations of a significant US…
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FCA warns Link it faces £50m fine over Woodford fund collapse
The Financial Conduct Authority warned the administrators responsible for overseeing Neil Woodford’s now defunct flagship investment fund that it could…
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FedEx sees global recession as commentary hits US markets
Stocks fell Friday as Wall Street wrapped up one of its worst weeks in months and traders reacted to an…
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ASX edges higher: Aus shares up 0.1% at noon
At noon, the S&P/ASX 200 is 0.10 per cent or 7.00 points higher at 6746.10. The SPI futures are…
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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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ASX erases early gains: Aus shares close 0.3% lower
At the closing bell, the S&P/ASX 200 was 0.28 per cent or 19.20 points lower at 6719.90. Futures The…
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Kirkland & Ellis poaches Allen & Overy infrastructure co-head in London
US law firm Kirkland & Ellis has hired Allen & Overy’s global infrastructure co-head Sara Pickersgill. Pickersgill joins Kirkland as a…
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