Oil prices have jumped 5%
Oil prices have jumped 5% to over $54/bbl after OPEC and non-OPEC producers signed their first deal to cut output since 2001. Led by Russia, non-OPEC nations agreed to reduce production by 558K barrels per […]
News
Turkish economy hits 7-year low
Turkey’s GDP in the third quarter dropped 1.8%, according to official data released Monday. An unsuccessful coup and continued political uncertainty have contributed to the sputtering economy, which is at a seven-year low. Deutsche Welle […]
SWIFT warns of fresh cyberattack threats
The Society for Worldwide Interbank Financial Telecommunication has warned banks of a wave of hacks and cyberattacks that have successfully stolen funds since an $81 million theft from the Bangladeshi central bank in February. In […]
Sales of small businesses strong in Q3
The number of small businesses that changed hands in the third quarter rose 15% from the year before, indicating the transaction market is still healthy, according to BizBuySell. “Barring any major surprises, 2016 is on […]
Airbnb reportedly repurchases stock from Morgan Stanley
Airbnb has bought back $94 million worth of shares from Morgan Stanley that were sold in a 2014 investment round, sources say. Morgan Stanley sold the shares to comply with its limits on the ownership […]
Japan’s machine orders spike, beating forecast
Economists expected machine orders in Japan to post a 1% year-on-year increase in October, but orders shot up 4.1%, sharply reversing a 3.3% fall in September. Supermarkets and convenience stores upgrading their technology played a […]
Hedge fund activity on the rise
Hedge funds have been reawakened since the US presidential election, and the Federal Reserve’s expected interest-rate hike this week could lead to even more market activity. Brennan Hawken, an analyst with UBS Group AG, says […]
Fall in Foreign Exchange activity could threaten stability
Activity in the $5 trillion-a-day foreign exchange market has been shrinking steadily since peaking in late 2014, risking future financial stability, the Bank of International Settlements said. “Any major changes to liquidity conditions might have […]
Market growth, volatility expected in 2017
Gradual interest-rate moves by the Federal Reserve and expectations for the incoming administration are extending the now 7-year-old US bull market. Three financial advisers argue for investing in equities over bonds, but caution investors not […]