Market Chaos: Why Markets are Bouncing Back

Market Chaos: Why Markets are Bouncing Back

Fear was out of control yesterday. With an upcoming Federal Reserve meeting, the virus, fears of a slowing economy, and a potential default in China, the Dow fell more than 600 points. According to Business Insider, “Some have suggested that if Evergrande collapses,...

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Three of the Top Ways to Protect for Further Chaos

Three of the Top Ways to Protect for Further Chaos

The fear is palpable. At the moment, the Dow is down 800 points, as the NASDAQ sinks 408. According to The Wall Street Journal, “The retreat came amid concerns over property developer China Evergrande Group. Market participants increasingly believe that Beijing will...

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Three of the Top Steel Stocks to Buy and Hold Now

Three of the Top Steel Stocks to Buy and Hold Now

Steel prices – and related stocks could be headed higher. All with the current supply-demand imbalance. Plus, with a potential $1 trillion infrastructure plan designed to fix U.S. roads, bridges, and ports, there’s no telling how high steel prices could run. "It’s...

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Energy transition comes with huge price tag -Italy business leader

Energy transition comes with huge price tag -Italy business leader

ROME (Reuters) - Energy transition could cost Italy in excess of 650 billion euros ($760 billion) over the next decade and the government must do more to help businesses bear the cost, the head of the employers' federation said on Thursday. "The national recovery plan...

Evergrande debt problems not just a local issue – Swiss National Bank

Evergrande debt problems not just a local issue – Swiss National Bank

ZURICH (Reuters) -The Swiss National Bank is closely monitoring the situation at China's Evergrande Group, SNB Chairman Thomas Jordan said on Thursday, amid concerns that its debt problems could pose risks to China's financial system. "It is wrong to be alarmist, but...

Evergrande puts small investors first as debt deadline looms

Evergrande puts small investors first as debt deadline looms

By Clare Jim, Anshuman Daga and Tom Westbrook HONG KONG/SINGAPORE (Reuters) - China Evergrande Group will make it a top priority to help retail investors redeem their investment products, its chairman said, as uncertainty looms over a bond interest payment the...

Stocks shrug off hawkish Fed, Evergrande soars in China

Stocks shrug off hawkish Fed, Evergrande soars in China

By Marc Jones LONDON (Reuters) - World markets rallied on Thursday after the U.S. Federal Reserve confirmed plans to start reeling in stimulus, Norway became the first rich economy to raise rates since COVID struck and China Evergrande shares leapt ahead of a crucial...

Deutsche Bank CFO: There should be banking M&A, we must prepare

Deutsche Bank CFO: There should be banking M&A, we must prepare

BERLIN (Reuters) -Deutsche Bank sees the logic that there should be consolidation in the European banking sector and the task in hand is to prepare for that outcome, Chief Financial Officer James von Moltke said on Thursday. Hewing closely to the German bank's...

Unit of SMCP’s majority shareholder fails to redeem bonds

Unit of SMCP’s majority shareholder fails to redeem bonds

PARIS (Reuters) - French fashion company SMCP, whose brands include Sandro and Maje, said on Thursday that European TopSoho - a unit of its majority shareholder - had failed to redeem 250 million euros ($293 million) of bonds exchangeable into SMCP shares. "European...

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