Hargreaves Lansdown, the U.K.’s largest investment management firm, is being sold to a consortium for the equivalent of $6.9 billion in the second-largest sale of a London-listed company this year.
Category: 13 August 2024
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SPOTLIGHT: CHINA’S ECONOMIC DISTRESS: IS CHINA’S EXPORT BOOM TAPERING OFF?
In July, the value of China’s exports in dollar terms rose 7 percent, year on year, lower than June’s 8.6-percent increase and missing analysts’ forecasts of a 9.7-percent jump.
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TOP TREND 2023, OFFICE BUILDING BUST: DESPITE RECORD VACANCIES, NEW YORK CITY’S OFFICE BUILDINGS RISE IN VALUE
Even with a vacancy rate just below 25 percent, the assessed value of Manhattan’s office buildings has crept up from $202.3 billion to $204.8 billion since July 2020, when the COVID War sent workers home and market values sliding.
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TOP TREND 2024: EV GO FU
Despite a 32-percent plunge in sales in China, Honda Motor reported an 8.7-percent year-on-year gain in profits in its fiscal first quarter.
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SPOTLIGHT ON EUROPE: ECONOMIC DOWN TIME
Rising sales outside of Europe will offset an auto industry slump across the continent this year, German car parts manufacturer Continental AG said last week.
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INVESTORS BAIL OUT OF JAPANESE “CARRY TRADES”
The rising value of Japan’s yen currency is sending investors fleeing from an estimated $500 billion in “carry trades” that had been reliably profitable before the Bank of Japan (BoJ) raised its interest rate last week and strengthened the yen.
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GALLANT CALLS NETANYAHU’S GOAL OF ‘ABSOLUTE VICTORY’ OVER HAMAS ‘GIBBERISH’
Israeli Prime Minister Benjamin Netanyahu continues to clash with IDF leadership over his goal of “absolute victory” over Hamas in Gaza—which many say is just an effort to keep his right wing happy.
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IN CHINA, EVS AND HYBRIDS OUTSELL INTERNAL COMBUSTION CARS
In July, for the first time, all-electric vehicles (EVs) and gas-electric hybrids outsold internal combustion cars.
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INVESTORS RUSHING TO UTILITY STOCKS
Shares of utility companies, long favored by staid, fixed-income investors, are a hot property.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…