Not terrified of a recession? These stocks hint you should be

Not terrified of a recession? These stocks hint you should be

Sometimes in life it’s the smallest things that speak the loudest. Take the Russell 2000 (^RUT), the one-time darling among investors following the election of President Donald Trump. The small-cap index has severely underperformed the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite these past three months by tanking a worrisome 8%. That dismal […]

Why finance professors should be teaching Nietzsche

Why finance professors should be teaching Nietzsche

by Salvatore Babones A dark cloud looms over Australia’s elite universities: the dark cloud of civilisation. Once welcomed for protecting the weak, healing the sick and ennobling the mind, civilisation is now feared as a harbinger of racism and colonial exploitation. Western civilisation, that is. That’s the one to watch out for. All the others are […]

SAA allays sale fears following Finance Minster Tito Mboweni's remarks

SAA allays sale fears following Finance Minster Tito Mboweni's remarks

Speaking at an investor conference in New York earlier this month, Finance Minister Tito Mboweni said SAA was unlikely to be salvaged and should simply be offloaded. FILE: South African Airways planes. Picture: Facebook.com JOHANNESBURG – The South African Airways (SAA) has allayed fears that it will be sold or shut down. […]

Finance Ministry adds NTPC, 3 other PSUs in CPSE ETF

Finance Ministry adds NTPC, 3 other PSUs in CPSE ETF

The Ministry of Finance has reshuffled the Central Public Sector Enterprises (CPSE) Exchange Traded Fund (ETF) and has included four state-owned companies NTPC, NLC, NBCC and SJVN, an official said. The ministry has removed three existing companies GAIL, Engineers India Ltd (EIL) and Container Corporation of India from the ETF lot, replacing them with four […]

Finance for electricity access too little, too dirty: energy body

Finance for electricity access too little, too dirty: energy body

BARCELONA (Thomson Reuters Foundation) – Finance to provide electric power to nearly 1 billion people who live without it is rising – but too slowly to meet a global goal to reach everyone by 2030, an international body said on Monday. Meanwhile, funding to expand cleaner, more energy-efficient cooking has declined, Sustainable Energy for All […]

MAS issues principles to guide use of AI, data analytics in finance

MAS issues principles to guide use of AI, data analytics in finance

SINGAPORE – The Monetary Authority of Singapore (MAS) has issued a set of principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of artificial intelligence (AI) and data analytics in finance. Known as the FEAT Principles, the document provides guidance to firms offering financial products and services on the responsible use of […]

Buy Power Finance Corporation, target Rs 120: Shabbir Kayyumi

Buy Power Finance Corporation, target Rs 120: Shabbir Kayyumi

Shabbir Kayyumi After finding bottom near the levels of Rs 68-72 zones, Power Finance Corporation (PFC) took a flip for moving towards on north side. Currently, it gave breakout above its neckline of Inverted Head and shoulder pattern and also gave decisive closing above the neckline which indicate further strength in the pattern. From last […]

China will step up tax cuts: finance minister

China will step up tax cuts: finance minister

FILE PHOTO: Chinese Finance Minister Liu Kun attends an interview with Reuters at the Ministry of Finance in Beijing, China August 23, 2018. REUTERS/Jason Lee BEIJING (Reuters) – China will study and implement tax cuts of a larger scale and more significant fee reductions for companies, the country’s finance minister Liu Kun said on Monday. […]

Swiss cryptocurrency firm X8 obtains Islamic finance certification

Swiss cryptocurrency firm X8 obtains Islamic finance certification

Nov 12 (Reuters) – Switzerland-based financial technology firm X8 AG has obtained certification from Islamic scholars for its digital currency, with plans to expand its business in the Middle East, a senior executive said on Monday. Several fintech firms are integrating their technology into the field of Sharia-compliant finance, with regulators and financial exchanges in […]