By Libby George and Karin Strohecker LONDON (Reuters) – The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies – setting back development, stunting climate change mitigation and fuelling distrust in governments and Western institutions. The issue, and what to do about it when western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings…
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After going live with its trading app for Robinhood UK customers back in March, US based neobroker Robinhood (NASDAQ:HOOD) has announced the launch of margin investing for UK clients, with what the company called some of the most competitive rates in the industry. Margin investing allows customers to borrow money from Robinhood, leveraging their existing holdings to purchase additional securities in order to expand and diversify their portfolio. Margin investing gives customers increased buying power based on the value of assets in their investment account serving as collateral. Historically, UK retail investors have had challenges accessing features like margin investing…
Last year was humbling for economists and investment strategists alike. It began with an “imminent” recession and ended with equity markets near all-time highs. Historic rate hikes fueled a compelling narrative that, at best, anticipated both a weak economy and disappointing returns. To be sure, legitimate concerns underpinned this narrative. Post-COVID-19, amid resurgent inflation, the world was still emerging from an era of “unprecedented everything.” But the inherent pressure to take a stance on the economic trajectory led many investors to find comfort in collective concern and embrace the prevailing storyline. For many investors, human nature took the wheel. So,…
BANGKOK (AP) — Asian shares were mixed on Monday after U.S. stocks rose to records to close out their latest winning week. U.S. futures also were mixed and oil prices climbed.Hong Kong’s Hang Seng sank 1.5% to 20,869.39, while the Shanghai Composite gained 0.2% to 3,268.11. The A-share index of the smaller market in Shenzhen picked up 1.6%.China cut its one-year and five-year Loan Prime Rates, which are reference rates for lending. Lower rates can help reduce pressure on borrowers, particulary property developers that have suffered following a crackdown on excessive borrowing several years ago. But any impact on market…
Image source: Getty Images AstraZeneca’s (LSE: AZN) share price is down 11% from its 3 September 12-month traded high of £133.38. Such a drop raises the question to me of whether a bargain is to be had here. Are the shares undervalued? My starting point in ascertaining whether the shares are underpriced is to look at key stock valuation measures. On the first of these — the price-to-earnings ratio (P/E) — AstraZeneca is bottom of the list of its competitors. It trades at a P/E of just 37.6 compared to an average of 64.6 for its peers. So it looks very cheap…
While Kuehne + Nagel International AG (VTX:KNIN) shareholders are probably generally happy, the stock hasn’t had particularly good run recently, with the share price falling 16% in the last quarter. But that doesn’t change the fact that the returns over the last five years have been respectable. It’s good to see the share price is up 40% in that time, better than its market return of 36%.So let’s assess the underlying fundamentals over the last 5 years and see if they’ve moved in lock-step with shareholder returns. Check out our latest analysis for Kuehne + Nagel International While the efficient…
STOCKHOLM, Oct. 21, 2024 /PRNewswire/ — Analysts, investors, and the media are invited to a presentation of RaySearch’s interim report for the third quarter of 2024 on November 8, 2024, at 10.00 am CET. The report will be published on November 8, 2024, at 07.45 am and will be available together with presentation slides on raysearchlabs.com. Johan Löf, founder and CEO, and Annika Blondeau Henriksson, interim CFO, will present the company’s development in a webcast. After the presentation (held in English) there is the opportunity to ask questions. Link to webcast: RaySearch Q3, 2024 For more information, please contact:Johan Löf,…
Image source: Getty Images Shares in FTSE 100 commodities giant Rio Tinto (LSE: RIO) have dropped 15% from their 28 December 12-month traded high of £59.08. This was in line with bearishness in the sector primarily caused by weak ongoing demand from China. The country has been the world’s biggest buyer of the commodities required to power its economic growth. But the scale of its ongoing expansion has appeared less certain since its Covid years. A big deal? One lesson I learned as an investment bank trader was to buy long-term bullish assets during bearish market pricing periods. And this…
In order to justify the effort of selecting individual stocks, it’s worth striving to beat the returns from a market index fund. But in any portfolio, there will be mixed results between individual stocks. So we wouldn’t blame long term Hamburger Hafen und Logistik Aktiengesellschaft (ETR:HHFA) shareholders for doubting their decision to hold, with the stock down 27% over a half decade.It’s worthwhile assessing if the company’s economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let’s do just that. See our latest analysis for Hamburger Hafen und…
(Bloomberg) — Carson Block, famous for finding overvalued companies to bet against, said most investors would now do better to just buy the biggest US stocks as steady inflows push the market ever higher.Most Read from BloombergWhile there are concerns over valuation after the S&P 500 Index repeatedly hit new records this year, the Muddy Waters Capital LLC founder said inflows from retirement funds will stay a key driver for further gains, especially for the most heavily-weighted names.“It probably pays to not think too much, just close your eyes and buy probably Magnificent Seven,” Block said in an interview with…