BUSINESS

Evergrande: Shares in crisis-hit firm jump as debt deadline looms

Shares in Evergrande have jumped in Hong Kong after the troubled property giant struck an agreement with Chinese bond holders on Wednesday. The announcement helped to calm some investor concerns over debts of more than $300bn (£220bn). But the world’s most indebted developer is also due to make a $83.5m interest payment on an overseas …

Evergrande: Shares in crisis-hit firm jump as debt deadline looms Read More »

Mason Plumlee is the Passing Big Man the Hornets Needed..

If the NBA has taught us anything recently, it’s that versatility and adaptability continue to breed success. The best teams and the ones playing regularly into May and June have handfuls of players who can do some of everything – shoot, score, rebound, pass, handle the ball, defend multiple positions, switch and function in a …

Mason Plumlee is the Passing Big Man the Hornets Needed.. Read More »

Worried About Tapering? Here’s How Retirement Savers Can Adjust Their Portfolios

News that the Federal Reserve could begin trimming its bond-buying program later this year shouldn’t affect the retirement-saving strategy of young workers, but those nearing retirement might want to shift away from fixed-income investment vehicles, including long-term bonds, advisors say. Federal Reserve Chairman Jerome Powell, speaking last week at the central bank’s annual symposium in …

Worried About Tapering? Here’s How Retirement Savers Can Adjust Their Portfolios Read More »

Fed Chair Says It May Soon Be Time To Start Reducing Its Massive Economic Support

Federal Reserve Chairman Jerome Powell said on Friday the U.S. continues to recover from the pandemic recession, and that progress could allow the central bank to dial back its extraordinary efforts to prop up the economy later this year. Powell cautioned, however, that the recovery remains uneven and unpredictable, and said the Fed will continue …

Fed Chair Says It May Soon Be Time To Start Reducing Its Massive Economic Support Read More »

Pre-product stock trading startup raises $10m, capitalising on red hot sector

Shares.io has both a forum and online chat function on which members can ‘react to the market in real time’. Photo: GettyShares.io has both a forum and online chat function on which members can ‘react to the market in real time’. Photo: GettyIn another sign the day trading boom is here to stay, a pre-product …

Pre-product stock trading startup raises $10m, capitalising on red hot sector Read More »

Stocks market mixed after Fed minutes highlight taper talk

Stocks traded mixed on Thursday to steady following steep losses from a day earlier, driven by jitters over a potential shift in monetary policy that might remove some of the stimulus underpinning equity markets. The S&P 500 turned slightly positive intraday after dropping earlier. The Nasdaq also shook off earlier losses, while the Dow remained …

Stocks market mixed after Fed minutes highlight taper talk Read More »