Do you know you’ll need investment income in the future even if you don’t need it right now? That’s basically what saving for retirement is. And this simple idea raises a simple question: How much future income can you generate for every dollar you tuck away now? It depends on several factors, including how long…
The average American spends nearly $1,300 – $1,400 per year on their cellphone plan. If you look at your own plan, chances are it’s a noticeable portion of your monthly bills. Your cellphone charges are probably higher or at least comparable to many other bills you pay. To save more each month, you must ensure…
Shares of Kalyan Jewellers India rose another 4% on Tuesday, extending their five-session rally to 50% and adding over Rs 18,200 crore to the company’s market value, as analysts continued to see further upside. The stock climbed to Rs 531 apiece, taking the jewellery retailer’s market capitalisation to over Rs 54,800 crore. The sharp rally,…
Eric Odotei is Group Head of Regulatory Reporting at Finalto, a leading liquidity and fintech company that delivers best-in-class pricing, execution and prime broker solutions across multiple assets, including CFDs on Equities, Indices, Commodities, Cryptos and rolling spot FX, Precious and Base Metals, and bespoke products such as NDFs. The FCA has just published The…
“BTC has around 80 days to bottom,” one market observer said. The primary cryptocurrency attempted a decisive rebound earlier this month, rising to nearly $65,000. However, the bears intercepted the move and pulled the price to the current $62,600, while many analysts believe the cycle’s bottom has yet to be reached. More Pain Ahead?…
The Financial Conduct Authority (FCA) has proposed various reforms that would tailor requirements proportionately for asset managers, cut costs for firms and improve data to supervise the sector more effectively. The FCA anticipates that these reforms will save asset managers £128m annually, primarily from simpler Fund Reporting for Asset Management Entities (FRAME) requirements. The updated…
Breaking a six-month record, the investment banking giant capitalizes on a surging wave of global megadeals. Goldman Sachs said it had advised on more than $1 trillion of announced global mergers and acquisitions so far this year, the fastest any investment bank has reached that milestone in a six-month period, citing data from capital markets…
Key Points Eli Lilly is the leader in the weight loss drug market — a market on track to reach almost $100 billion. The company’s weight loss drugs have delivered tremendous growth in recent years. 10 stocks we like better than Eli Lilly › Eli Lilly (NYSE: LLY) and Novo Nordisk (NYSE: NVO) today participate…
As competition for global investment heats up across the Gulf, it’s easy to assume bigger is always better. But for Bahrain, the smallest of the GCC states, its strengths come not from its size but from its strategic positioning, according to the head of the government agency tasked with bringing investment into the kingdom. “The good thing about being…