- Reuters•10 minutes ago
Post-MiFID II, most hedge funds make clients foot research bill
The majority of hedge funds are passing on charges for investment research to investors under new European Union rules, despite years of poor average performance and as many large traditional asset managers absorb the cost themselves. Billing clients, however, could prove increasingly untenable for
Reuters•11 minutes agoL&G aims for 8-10 percent profit growth from fund business
British insurer Legal & General is aiming for annual operating profit growth of 8 to 10 percent at its fund management business as part of a broader overhaul that includes plans to expand internationally. Legal & General Investment Management (LGIM), one of the world's largest asset managers with
Reuters•12 minutes agoStarbucks blames slower China growth on drop in third-party delivery orders
The U.S. cafe chain on Tuesday same-store sales would be flat to slightly negative in its second-biggest market in April-June, versus 7 percent growth a year earlier. The announcement was followed by a 9 percent drop in Starbucks' share price. China has been a sweet spot for Starbucks for the past
- Bloomberg UK•12 minutes ago
Is the Window Closing for a BOE Rate Hike in 2018?
Jun.21 -- Analysts expect the Bank of England to vote in favor of keeping rates unchanged today after a run of mixed economic data. Daniela Russell, head of U.K. rates strategy at HSBC, previews the policy decision on "Bloomberg Daybreak: Europe."
Reuters•15 minutes agoWhat trade war? FAANGs scale new highs
The five heavyweight stocks also powered the Nasdaq Composite to a record high and helped the broader S&P 500 shrug off concerns over tariffs between the United States and China. Trade war worries have limited the benchmark S&P 500's gain to about 3.5 percent this year, but the FAANG group, whose
Reuters•15 minutes agoECB confident on inflation outlook despite risks - Villeroy
The European Central Bank is confident inflation is on the right track although the spectre of protectionism and other risks including Brexit are adding to broader economic uncertainty, ECB policymaker Francois Villeroy de Galhau said on Thursday. Speaking at a conference at the French central bank
- Engadget•17 minutes ago
Bose puts crowdfunded 'sleepbuds' on sale for $250
Last year, Bose took to Indiegogo to gauge people's interest on an
Reuters•18 minutes agoMalaysia to inject $698 million to complete 1MDB-linked financial district
Malaysia said on Thursday it will provide up to 2.8 billion ringgit (530 million pounds) to complete an integrated financial district from which more than 3 billion ringgit was diverted to pay debts of scandal-plagued 1Malaysia Development Berhad (1MDB). Finance Minister Lim Guan Eng said the decision
Sky News•9 minutes ago'Plenty of work to do' as Dixons Carphone profits fall 28%
Dixons Carphone (Frankfurt: CWB.F - news) has reported a 28% fall in annual profits, with its new chief executive admitting "we have plenty of work to do" as the firm battles back from a damaging hack on customer bank details. The company, which employs more than 40,000 staff and is behind
- Reuters - UK Focus•21 minutes ago
Russia's Megafon posts 57 pct rise in Q1 telecom earnings
Megafon, Russia's No.2 mobile phone operator, reported a 57 percent jump in its telecom segment first-quarter net profit to 6 billion roubles helped by smaller foreign exchange losses and a switch to new ...
Reuters•25 minutes agoEuropean shares build on gains while autos sink on Daimler tariff hit
LONDON (Reuters) - Autos stocks were the outlier in a continued relief rally in European shares on Thursday, sinking after German carmaker Daimler warned profit would be hit by higher tariffs.
- The Guardian•27 minutes ago
Dixons Carphone profits fall 24% amid warning of no quick fix
Dixons Carphone has been hit by the lack of technical innovation in mobile phones, meaning customers are updating their handsets less frequently. The new Dixons Carphone boss, Alex Baldock, has underlined his warning that fixing the retailer’s problems will take time, as he reported a 24% plunge in
- Bloomberg UK•20 minutes ago
Acreditus' Howladar on OPEC Meeting, Credit Spreads
Jun.21 -- Khalid Howladar, the founder and managing director of ratings advisory firm Acreditus, talks about this week's OPEC meeting, and credit spreads in the Middle East. He spoke on June 18 with Manus Cranny on "Bloomberg Daybreak: Middle East."
- Reuters•29 minutes ago
Higher oil supply acceptable if justified by demand and agreed by all OPEC - source
VIENNA (Reuters) - An increase in oil supply would be acceptable if justified from the demand side and agreed upon by all OPEC members, a source familiar with Iranian thinking said on Thursday.
- Bloomberg UK•20 minutes ago
Daimler Warning Must Be Taken Seriously, Aberdeen's Athey Says
Jun.21 -- Daimler AG became the first prominent company to cut its profit outlook due to escalating trade tensions between the U.S. and China, claiming Chinese customers will now buy fewer cars after Beijing has slapped tariffs on U.S. auto imports. James Athey, an investment manager at Aberdeen Standard
Reuters•29 minutes agoCoal in the crossfire - Chinese traders wary of being burnt by trade war
At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose steep tariffs that may kick in before the ships reach their destinations. The addition of coal to the list of more than 650 items facing higher tariffs came
- Reuters•31 minutes ago
Saudi expects $40 billion foreign fund inflows after MSCI - CMA
RIYADH (Reuters) - Saudi Arabia could attract 150 billion riyals (30.38 billion pounds) worth of foreign inflows from both passive and active funds, a Saudi official said, after index provider MSCI decided to add the Saudi bourse to its emerging markets benchmark.
- Business Insider UK•31 minutes ago
Malaysia to go ahead with skyscraper despite stolen funds
KUALA LUMPUR, Malaysia (AP) — Malaysia says it will not cancel a skyscraper project billed as the tallest in the region even though 3 billion ringgit ($747 million) from the venture has been misappropriated by the 1MDB state fund linked to former premier Najib Razak.
- Fool.co.uk•32 minutes ago
4 sizzling FTSE 250 dividend stocks yielding up to 8%
Those scouring the FTSE 250 (INDEXFTSE: MCX) for big-paying dividend shares need to give this collection of stocks more than a passing glance.
- The Telegraph•32 minutes ago
The UK's £60m cannabis oil industry looks to go mainstream
The UK's £60m cannabis oil industry looks to go mainstream
- The Telegraph•32 minutes ago
What is cryptocurrency, how does it work and why do we use it?
What is cryptocurrency, how does it work and why do we use it?
- The Telegraph•33 minutes ago
What is ethereum and how does it differ from Bitcoin?
What is ethereum and how does it differ from Bitcoin?
- Reuters•34 minutes ago
Japan firms make only modest progress in complying with new EU data privacy rules
TOKYO (Reuters) - Around a quarter of Japanese firms have made progress on meeting some of the easier requirements under Europe's new data privacy regulations while another 20 percent plan to do so - but very few are prepared for more onerous rules, a Reuters poll found.
Reuters•34 minutes agoJapan firms slow to get compliant with new EU data privacy rules - Reuters poll
Around a quarter of Japanese businesses have made progress on meeting some of the easier requirements under Europe's new data privacy regulations while about another 20 percent plan to do so, a Reuters poll found. The results of the Reuters Corporate Survey, conducted June 4-15, shows only modest
- The Telegraph•34 minutes ago
What is bitcoin, how does it work and what affects its price?
What is bitcoin, how does it work and what affects its price?
