Information

Home Information
  • Apr 23, 2025

Stock Rally Loses Steam After Mixed Tariff News: Markets Wrap

(Bloomberg) -- A global rally in equities stalled as mixed signals from the Trump administration on its plans for China tariffs dented investors’ appetite for risk.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesThe Racial Wealth Gap Is Not Just About MoneyBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisTo Fuel Affordable Housing, This Innovation Fund Targets Predevelopment CostsStocks in

  • Apr 23, 2025

Revolut profits soars on crypto boom as CEO lifts stake

LONDON (Reuters) -Revolut's pretax profit surged 149% last year to 1.1 billion pounds ($1.46 billion) as the financial technology firm rode a wave in crypto trading and earned more from interest rates and card fees, the company said on Thursday. Revenue at the London-based fintech rose to 3.1 billion pounds, up from 1.8 billion pounds in 2023, it said, driven by income from interest on the back of higher rates, card payments and the company's "Wealth" segment, which includes trading and crypto products. Its pretax profit was more than double the 438 million pounds in 2023.

  • Apr 23, 2025

Markets Surge on Trade and Bitcoin Boost

As I write Wednesday mid-afternoon, all three major stocks indexes are up nicely after a flurry of good news this morning. Let’s begin with Trump: The President said that he has “no intention” of firing Federal Reserve Chairman Jerome Powell He appears willing to take a less aggressive approach toward trade with China, saying that his administration’s tariff rate on China is “very high, and it won’t be that high. … No, it won’t be anywhere near that high. It’ll come down substantially. But it wo

  • Apr 23, 2025

Singapore's high-yield stocks gain from tariff-induced flight to safety

(Reuters) -As reverberations from U.S. President Donald Trump's tariffs are felt across markets, investors are increasingly gravitating toward Singapore's high-yield, defensive companies, including telecom firms, pivoting away from old favourites such as banks. Singapore's benchmark index has proved resilient in the face of the back-and-forth tariff salvos, eking out a small gain for the year and faring better than regional peers as investors hunt for safe bets during the market tumult. "Singapore is a high-yield market, which is going to be interesting and defensive in these times," said Kenneth Tang, senior portfolio manager at Nikko Asset Management.

Popular Post