Chinese and US tech giants go at it in emerging markets

Chinese and US tech giants go at it in emerging markets

TWO contests are under way in which titans holding billions in their thrall vie for global domination. One is unfolding on Russian football pitches and features the likes of Neymar and Harry Kane. The other is playing out on the smartphone screens of consumers in India, Indonesia, Brazil and other emerging economies. There, American online […]

World's rich grow richer as bull markets roar on: study

World's rich grow richer as bull markets roar on: study

ZURICH (Reuters) – The pool of money held by the world’s wealthiest people grew by 12 percent last year to nearly $ 202 trillion as bull markets and the dollar’s weakening against most major currencies boosted global fortunes, an international advisory firm’s study released on Thursday said. Tourists walk up one of the main shopping […]

Our Big Mac index shows fundamentals now matter more in currency markets

Our Big Mac index shows fundamentals now matter more in currency markets

IT IS usually considered quaint to predict foreign-exchange movements by reference to whether currencies are dear or cheap. Metrics such as The Economist’s Big Mac index, a lighthearted guide to exchange rates, hint at how far currency values are out of whack. But they are often driven further out of kilter by capital flows, by […]

SEC looking at fixed-income markets with 'greater focus': Clayton

NEW YORK (Reuters) – U.S. Securities and Exchange Commission Chairman Jay Clayton said on Tuesday that the SEC had formed a group to examine fixed-income markets with the goal of protecting retail investors. Jay Clayton, Chairman of the Securities and Exchange Commission, testifies at a Senate Banking hearing on Capitol Hill in Washington, U.S. September […]