2020 Financial News

Bank of Canada official Nicolas Vincent has warned there could still be significant hurdles when it comes to getting inflation back to the central bank’s target of two per cent.

Energy companies have seized the attention of investors over the last few months, as the prices of crude oil and, to a lesser extent, natural gas have jumped higher once again.

More and more Wall Street equity strategists are sounding the alarm on the impact of higher interest rates.

WILMINGTON, Delaware(Reuters) — President Joe Biden's son Hunter Biden is expected to plead not guilty on Tuesday to lying about his drug use while buying a handgun, in the first-ever criminal prosecution of a sitting U.S. president's child.

The Supreme Court is set to hear oral arguments Tuesday in a case with the potential to gut the Consumer Financial Protection Bureau, a watchdog agency created in the wake of the 2008 financial crisis.

The surge in Americans quitting their jobs has fallen from record highs it hit during the pandemic. Why that is happening could say something about where the economy is headed. Quitting is a sign a worker is unhappy with their job, but also a sign they are confident they can find another.

Asset managers have been counting on what BlackRock calls a “generational opportunity" in the bond market, now that yields are at decade-plus highs. Investors ranging from pension funds to retirement savers should be buying longer-term bonds to lock in higher rates, their thinking goes, spurring a flood of inflows to bond funds. BlackRock, for one, has projected assets under management at its bond exchange-traded funds to triple to $2.5 trillion by 2030.

By Howard Schneider

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Jilani will be addressing the forum's opening ceremony, and will be holding meetings at its sidelines with his Chinese and Afghan counterpart, as well as the deputy prime minister of Mongolia, the statement added.

Stocks finished yesterday lower as rates pushed higher again and spreads widened. The 10-year climbed to 4.69%, and the help to spread between the ten and the two widened to -42 bps, which is important.

Singapore is investigating the role that some single family offices played in one of the city’s largest money laundering cases and weighing further rules on the sector.

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With just a 1.7% gain during the last three months, the benchmark BSE Sensex has just returned its worst September-ended quarter in four years. This was also true for the BSE500, BSE AllCap and the BSE LargeCap indices, even as the mid-cap and small-cap indices remained unscathed. The Sensex had surged 8.3% during the September quarter last year, and nearly 13% in 2021.

Groww Nifty Total Market Index Fund is open for subscription and Edelweiss Multi Cap Fund and Baroda BNP Paribas Small Cap Fund will open for subscription later this week. Edelweiss Multi Cap Fund Edelweiss Multi Cap Fund is an open-ended equity scheme that will invest across large cap, mid cap, small cap stocks. The new fund offer or NFO of the scheme will open for subscription on October 4 and it will close on October 18.

China, which aims to become a major space power by 2030, has opened up a key lunar mission to international cooperation as mission deadlines loom for setting up a permanent habitat on the south pole of the moon. China welcomes countries and international organisations on its uncrewed Chang'e-8 mission and to jointly carry out «mission-level» projects, the China National Space Administration (CNSA) said at the 74th International Astronautical Congress in Baku, Azerbaijan, on Monday. Mission-level projects mean China and its international partners could launch and operate their spacecraft, conduct spacecraft-to-spacecraft «interactions», and jointly explore the surface of the moon, according to details announced on CNSA's website. International partners are also welcome to «piggyback» on the Chang'e-8 mission and independently deploy their own modules once the Chinese spacecraft lands, CNSA said. Interested parties must submit a letter of intent to CNSA by Dec. 31.

Leading Swiss asset management bank UBS has announced the debut of its first live pilot of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain in Singapore. 

Rania Llewellyn is out after nearly three years as chief executive of Laurentian Bank of Canada, her sudden departure coming less than a month after a strategic review failed to find a buyer for the chronically underperforming Montreal-based bank.

Six weeks into the United Kingdom’s first pandemic lockdown, employees at the British engineering group Dyson Ltd. received an email from chief executive Roland Krueger.

NIA) on Monday arrested a top Maoist leader as it carried out raids at 62 locations across Andhra Pradesh and Telangana in the CPI (Maoist) conspiracy case, an official said. The day-long searches, which were conducted mostly in Andhra Pradesh, also led to the recovery of weapons, cash and incriminating documents, a spokesperson of the federal agency said.

Good morning,

Potential investors in a Gold Coast-based dental chain were being told wildly different forecasts for growth than what a due diligence committee was hearing, a court heard on Monday.