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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.

Mortgage rates drop to 7-month low

The average on a 30-year loan stands at 6.60%, down from a peak of nearly 8% in October. Mortgage...

Citigroup starts layoff talks after management overhaul

As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according...

Dollar Set for Longest Rally in Years With US Defying Global Gloom

The US dollar extended its gains, sending the currency toward its longest rally in years as the strength of the economy fuels...

South African rand gains before data-heavy end to the week

The South African rand gained on Tuesday ahead of a raft of domestic and international data releases due later this week.

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...

Yen Within Sight of 145 Per Dollar on Wide Japan-US Yield...

The yen hovered just short of the psychological 145 level versus the dollar on Friday as a persistently wide interest-rate gap with the US...

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...

Russia back in investors’ focus after weekend mutiny

Investors were watching for ripple effects from the aborted mutiny in Russia, with some expecting a move into safe havens such as...