Global stocks follow oil prices into a skid
Many global stock markets took a beating Tuesday in response to the 22% skid in oil prices since June and wider worries about global growth and the unsteady state of European banks. Analysts also say […]
Financial & Economic News
Fintech firms wary of Brexit consequences
Britain’s financial-technology companies fear that uncertainty related to the UK’s decision to leave the EU will make it more difficult to find funding. “Even now, no one is quite sure precisely what Brexit will entail, […]
IPO market is moving slowly
This year, US initial public offerings have occurred at the slowest pace since 2009. Private-equity firms may see selling to another company as a faster way to exit from an investment than listing it on […]
Korean exports dropped 10.2% in July
South Korean exports saw their steepest decline in three months with a 10.2% drop last month from a year earlier, partly due to fewer working days. Minus exceptional factors, however, exports were down 1.6%, the […]
Oil below US$40 a barrel for the first time since April
A July rout in oil prices amid signs of a global glut extended into the first trading day in August, falling below US$40 a barrel for the first time since April. The market is nearing […]
Global equity funds continue to face withdrawals
Investors continue to shift money from global equity funds to bonds and emerging market debt, according to Bank of America Merrill Lynch. European equity funds have seen withdrawals of $76 billion so far this year. […]
Chinese factories hit by surprise downturn
China’s industrial sector shifted to contraction in July as a surprise slowdown in factory activity hit small and midsize companies. The official purchasing manager’s index reached 49.9, down from 50 in June, on a scale […]
