LONDON (Reuters) - New York kept the top spot in the latest Global Financial Centres Index (GFCI), with London clinging on to second place in the face of competition from Shanghai and other Asian centres. The index, compiled by the Z/Yen Group, a London-based think tank, and the China Development Institute, looks at...
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Investing.com – Japan equities were lower at the close on Wednesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 declined 0.02%. The biggest gainers of the session on the Nikkei 225 were Odakyu Electric Railway Co., Ltd. (T:9007), which rose 2.79% or...
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LONDON (Reuters) - Britain said on Wednesday it had auctioned a new tranche of airwaves to support 5G mobile for a total 1.36 billion pounds ($1.89 billion), with all four major networks wining new spectrum to improve their networks. EE, owned by BT Group PLC (LON:BT), won 2x10 MHz of paired frequency spectrum in...
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LONDON (Reuters) - Uber (NYSE:UBER) drivers in Britain should receive the minimum wage from the time they log on until they log off from the app, two former drivers who led a successful court battle said after the firm granted workers' rights on Wednesday. Following a Supreme Court defeat last month, the Silicon Valley-based company reclassified its more than 70,000 drivers...
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(Bloomberg) -- As rising U.S. Treasury yields and potential credit tightening in China expose Chinese stock traders to wild market fluctuations, their bond peers are enjoying a period of relative calm. A measure of 30-day volatility in Chinese shares has surged to its highest since August as the benchmark CSI 300 Index struggles to recover from a rout that’s seen it lose more...
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ZURICH (Reuters) - Swiss watchmaker Swatch Group (SIX:UHR) Chief Executive Nick Hayek expects a sales boom when people can travel again after the coronavirus pandemic, he told the NZZ paper in an interview published on Wednesday. "Who knows how long it will take before people can travel again. But the boom will come, and in some countries like China or, amazingly, the...
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Investing.com – Canada equities were lower at the close on Tuesday, as losses in the Healthcare, Energy and Clean Technology sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite lost 0.29%. The biggest gainers of the session on the S&P/TSX Composite were Kinaxis Inc (TSX:KXS), which rose 5.57% or 8.02 points to trade at 152.11 at...
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By Jamie Freed (Reuters) - Airlines with planes idled by the pandemic are cutting costs by delaying some maintenance tasks like changing life vests, testing oxygen bottles and checking emergency exits under COVID-19 waivers from airplane manufacturers and regulators. The move allows airlines to stop the clock on a category of parts that would otherwise need checks or pass their "use-by" date...
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(Bloomberg) -- Value stocks are morphing into their once-feared momentum rivals, a shift that could accelerate in coming weeks and give their rally a fresh boost. Next Tuesday marks the 12-month anniversary of the MSCI AC World Value Index’s eight-year low, a key timeframe that many quantitative models use to screen for momentum shares to buy. May 6 would be the six-month anniversary...
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By Yasin Ebrahim Unlike some investors, former Pimco Chief Executive Bill Gross is not waiting around for clues from the Federal Reserve or its Chairman Jerome Powell for his next big trade as the former bond king said he is betting that rates will increase and the Fed will be forced to step up bond buying to keep rates under control. Gross reportedly said...
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