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Singapore hedge fund Asia Genesis shuts after ‘big mistake’ on China...

SINGAPORE hedge fund Asia Genesis Asset Management is closing its macro fund after suffering an “unprecedented drawdown” following China’s stock market rout...

Retail sales fall at sharpest rate since Covid

Retail sales fell by 3.2% in December in the sharpest drop since the UK was in a Covid lockdown.

Asian stocks bounce on China spending plans; inflation jolts Aussie

China led Asia's stock markets higher on Wednesday as investors cheered the approval of a trillion-yuan sovereign bond issue as a harbinger...

Fund managers turn bearish again in October

Investors have turned bearish again in October, boosting cash levels to 5.3% from 4.9% during the previous month and keeping a neutral...

Nvidia reports earnings, Fed gathers in Jackson Hole: What to know...

The final full week of August will bring investors two key events — earnings from Nvidia (NVDA) and the Federal Reserve's annual...

Is the 60/40 investment portfolio making a comeback?

The "60/40 portfolio" describes the composition of what most in the investment industry deem to be a balanced portfolio. The target...

Equity Futures Slip as Global Stock Rally Pauses: Markets Wrap

The rally in global shares paused Tuesday amid lackluster trading in US and European equity futures. The Australian dollar fluctuated after the...

Biden plans call with House Speaker McCarthy Sunday on debt limit

U.S. President Joe Biden said on Sunday he plans to speak with top congressional Republican Kevin McCarthy on Sunday as part of...

European shares edge higher after brutal selloff last week

European shares edged higher on Monday, boosted by energy firms, after a bruising selloff last week sparked by growing fears of a...

Wall St set for higher open as investors await CPI data,...

Wall Street's main stock indexes were set to open higher on Monday as investors awaited inflation data and the Federal Reserve's policy...