FCA Watching Property Funds Due To Surging Outflows In The UK
The Financial Conduct Authority (FCA) is worried after seeing investors withdraw millions of pounds from property funds. This is mainly because of uncertainty about Brexit and the withdrawal has caused a lot of fear about liquidity leaving the market. Now,
Read MoreS&P Global To Setup Bond Rating Business In China
S&P Global is now breaking into the Chinese market. The New York-based finance company has just been given approval by the People’s Bank of China (PBoC) to set up a domestic bond rating business. This makes it the first foreign
Read MoreBofAML Fund Manager Survey Reveals Investor Worries
The Bank of America Merrill Lynch (BofAML) Fund Managers Survey has always been a good barometer of how what investors are thinking. The survey released this month shows us an interesting viewpoint. For the first time since the 2008-2009 financial
Read MoreBIS Says Market “Jolt” Will Be First Of Many
The Bank of International Settlements (BIS) has said that the recent market selloffs in various global financial markets are going to be the first of many. This is because of tighter monetary regulations and the threat of a coming economic
Read MoreBitcoin Takes A Hit, Whilst Crypto Tokens Make Gains
Bitcoin and other major cryptocurrencies are taking hits to their value but crypto tokens are going in the opposite direction. According to recent data, tokens like ICON and Wanchain have experienced a 20 to 40 percent rise in value. Further
Read MoreGroupon swings to Q3 profit, raises FY17 profit view
Last week, the online daily deal service provider Groupon, Inc. (NASDAQ: GRPN) reported a swing to profit in the fiscal 2017 third-quarter. The company’s earnings also met analysts’ estimates. However, the revenue missed the Wall Street estimates. Still, on the
Read MoreMicrosoft beats Q1 2018 analysts view, Azure revenues up 90%
After posting another quarter of exceptional results, the stock of Microsoft Corporation (NASDAQ: MSFT) opened with a positive technical gap of about 4% to trade at $83 levels on October 27. For the past one week, the stock is consolidating
Read MoreBoeing’s Q3 earnings decline 19%, raises FY17 EPS view
Aircraft manufacturer Boeing Company (NYSE: BA) reported better-than- anticipated fiscal 2017 third-quarter results last week. The company also raised its fiscal 2017 GAAP and non-GAAP earnings per share outlook. However, the stock remains suppressed. Firstly, the order backlog has declined
Read MoreWealth Management bolsters Morgan Stanley’s Q3 earnings
Aided by a 9% growth in wealth management revenue, Morgan Stanley (NYSE: MS) reported fiscal 2017 third-quarter results that crushed analysts’ estimates. The stock, which closed at $50.68 on Friday, is up nearly 17% since January and 45% after the
Read MoreJPMorgan Chase beat Q3 2017 estimate, trading revenue dips 27%
Global investment banking and finance services provider JPMorgan Chase & Co. (NYSE: JPM) reported a better than anticipated fiscal 2017 third-quarter earnings and revenue on last Thursday. However, the stock continued to stay flat due to a 27% decline in
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