Articles by admin

Shares across the globe fell on Monday, buffeted by escalating violence in Hong Kong that pushed Asian stocks to their worst day since August and stoked demand for the safe-haven yen and gold. In the 24th straight week of pro-democracy unrest, Hong Kong police shot and wounded a protester as the Chinese-ruled territory saw rare working-hours violence. The MSCI world equity index, which tracks shares in 47 countries, slipped 0.2%, with Hong Kong’s Hang Seng index falling 2.7% and leading losses across Asia. …read more […]

International Exchange Inc said on Monday that oil majors including BP, Total and Shell would be partners in a new exchange it is launching in the United Arab Emirates next year to list Abu Dhabi National Oil Co’s (ADNOC) flagship Murban crude grade. The Murban futures contract, to be hosted on the new ICE Futures Abu Dhabi (IFAD), would replace retroactive pricing, allowing buyers to hedge risks and capture more value from ADNOC’s oil output, CEO Sultan al-Jaber told an energy forum in the United Arab Emirates capital Abu Dhabi. …read more […]

Roche’s bid to rival Biogen and Novartis in treating spinal muscular atrophy (SMA) got a lift on Monday when the Swiss drugmaker said its drug risdiplam improved motor function of patients in a key study. Roche, which plans to seek approval for the investigational medicine this year, said its SUNFISH trial demonstrated statistically significant improvements in patients aged 2-25 years with Type 2 or 3 SMA, compared to a placebo. Biogen’s Spinraza, approved in 2016, lists at $750,000 in year one and $375,000 thereafter, while Novartis’s Zolgensma is the costliest one-time treatment at $2.1 million. …read more […]

Investors can buy low cost index fund if they want to receive the average market return. But in any diversified… …read more […]

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be… …read more […]

Nov.11 — Piyush Gupta, chief executive officer at DBS Group, discusses third-quarter earnings, the headwinds he’s facing, his optimism about the Singapore economy, banking earnings, how the Hong Kong protests are impacting his business, possible M&A plans and where he’s finding opportunity. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Singapore FinTech Festival in Singapore. …read more […]

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll show how you can use… …read more […]

(Bloomberg) — Major Hong Kong banks spent their morning telling employees to commute carefully, and by afternoon began urging them to consider going home as police lobbed tear gas at protesters on the streets outside.“Your safety is our top priority,” HSBC Holdings Plc wrote to staff around lunchtime, inviting them to use their judgment in leaving and noting the firm will remain open. “Please take laptops home if you are able to work remotely.”Most of the city’s major investment banks and other financial firms tried to operate normally, though some lenders closed branches near flareups as a precaution, after the …read more […]

Spot gold was up 0.3% at $1,462.83 per ounce at 0614 GMT, while U.S. gold futures were flat at $1,462.90 per ounce. “Gold prices are pretty low now and investors are taking this opportunity to take positions in the safe-haven metal as there is still an upside to it, considering the concerns over the trade war and global economy,” said Brian Lan of Singapore dealer GoldSilver Central. Gold buying by central banks, especially in China, is also boosting prices, Lan added. …read more […]