Tag Archives: Investors

US stocks crash as fear of all-out trade war spooks investors

Wall Street saw heavy losses in early trading on Wednesday after Beijing announced retaliatory tariffs on American imports. Read more The Dow Jones Industrial Average dropped by over 400 points, or two percent. The S&P 500 and the Nasdaq opened 1.3 percent lower. “It’s tit-for-tat as China retaliates, sending the markets in a tailspin. Today’s decline will likely accelerate the ...

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Global investors like Russia even if Western governments don’t

Defying the latest accusations against Moscow over an ex-spy’s alleged poisoning in the UK, the Russian equity market has been attracting capital from foreign investors, Sberbank Investment Research reveals. According to the analysis, which includes data from Emerging Portfolio Fund Research (EPFR), foreign investors allocated total of $ 146 million for the week through March 14, which is greater by ...

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US investors scramble to keep Russians from taking over refineries from Texas to Maine

Group of investors from the US are seeking White House approval to obtain the 49.9 percent collateral in the Venezuela-owned American refiner Citgo currently held by Russia’s oil major Rosneft, Reuters reports. Read more The measure is reportedly aimed at preventing the Russian state-run company from seizing nearly half of the Texas-based refiner in case of a complete default by ...

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Saudi Arabia wants investors back after anti-corruption purge

Three months on from Saudi Arabia’s crackdown on corruption — which saw hundreds of the country’s elite arrested — most detainees have now been released, and Riyadh is trying to lure investors back. Sources told Reuters that during recent meetings with the local business community, Saudi officials tried to reassure them that another wave of mass detentions was not on ...

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Investors flee bond market as fears of ‘crash’ grow

The recent market correction has led to fund managers cutting their bond allocations to the lowest level in 20 years, according to February’s Bank of America Merrill Lynch (BofAML) Fund Managers Survey. It shows that, along with reducing their fixed-income exposure, 60 percent of professional investors see inflation and troubles overall in the bond market as the biggest threat of ...

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European investors warn of potential damage from US Treasury ‘Kremlin List’

The US Treasury’s ‘Kremlin List’ could harm the interests of European businesses, a major group of foreign investors in Russia has warned. The list, published by the US Treasury earlier on Tuesday, features 210 people, including the entire Russian government and prominent businessmen. While the document is not a “sanctions list,” it is still a matter of “deepest concern,” the ...

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Cryptocurrency investors could lose everything, warns Deutsche Bank

Bitcoin investors should remember issues like high volatility, possible price manipulation and data loss or data theft, according to Markus Mueller, global head of the Chief Investment Office at Deutsche Asset Management. Read more In an interview with Bloomberg, he said that Deutsche Bank does not advise investing in cryptocurrencies at present. “We do not recommend that. It’s only for ...

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Investors dump US dollar & rush to gold

The gold price rose to its highest level in more than a year on Thursday as investors seek a safe haven after the US dollar dipped to a three-year low against a basket of six major currencies. The precious metal rose as high as $ 1,370 during the trading session before dropping six dollars, but still trading in the green compared ...

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May to target social media giants by calling for investors to stop funding ‘harmful content’

Prime Minister Theresa May is expected to call on investors to pull the plug on social media giants for their failure to clear their platforms of “harmful” content when she addresses the World Economic Forum in Davos, Switzerland. The Tory leader, who has previously admonished internet giants such as Facebook and Google over their failure to clampdown on extremist content ...

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Gold-backed cryptocurrency aims to entice investors back to precious metals

Australia’s biggest precious metal refinery, Perth Mint, is developing its own cryptocurrency backed by physical commodities like gold. It expects to bring investors back to the traditional market of precious metals. According to CEO Richard Hayes, the mint wants to provide a transparent offering that would allow investors to buy and sell with confidence, knowing that what they are buying ...

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