European stocks dragged down by oil shares for third session

A third day of declines was in store for European stocks Thursday, as the energy sector grappled with the slide in oil prices. The Stoxx Europe 600 SXXP, -0.21%  was down 0.5% at 386.47, led by oil and gas, telecom and financial shares. The health care sector, however, was up and the tech group was Read more about European stocks dragged down by oil shares for third session[…]

Singapore wealth fund GIC: This is where we’re looking for fixed income returns

With bond yields globally in the dumps, Singapore’s wealth fund GIC is looking at unconventional sources for fixed income returns, Liew Tzu Mi, GIC’s chief investment officer for fixed income, said on Thursday. For one, she pointed to selective emerging markets for fixed income investments. “In a generally low interest rate environment, if you do Read more about Singapore wealth fund GIC: This is where we’re looking for fixed income returns[…]

How China is changing the commodity trade

As the world’s largest importer and consumer of many commodities, China drove a decade-long explosion in prices in the 2000s and is still holding sway over the raw material trade — with the country’s bargaining clout expanding as its economy grows. Here’s how China has changed and is potentially changing long-established trading traditions in major Read more about How China is changing the commodity trade[…]

Wednesday Is Fast Becoming Oil’s Least Favorite Day of the Week

With investors focused on the question of oversupply in the oil market, a familiar pattern is emerging in the price of crude. On Wednesdays — when the Energy Information Administration releases its latest data for U.S. production and inventories — oil prices take a tumble. The pattern has held for the past month, with losses Read more about Wednesday Is Fast Becoming Oil’s Least Favorite Day of the Week[…]

Australian Economy Is Capable of Stronger Growth: RBA’s Lowe

Australian central bank Governor Philip Lowe said his economy is capable of faster growth if lawmakers can overcome political gridlock, while warning weak wage gains are likely to keep plaguing developed nations. “It is important that we have a sharp focus on the reforms that can make a real difference to our living standards,” Lowe Read more about Australian Economy Is Capable of Stronger Growth: RBA’s Lowe[…]

Bitcoin Is Digital Gold. But Will You Buy a Sandwich With It?

For digital-marketing agency Cooperatize.com, taking bitcoin for payment was easy enough, all co-founder Roger Wu had to do was obtain a digital wallet. To promote the move in 2014, he even penned a blog post for Forbes explaining the decision. The number of transactions the New York-based firm has made since? Zero. “The biggest thing Read more about Bitcoin Is Digital Gold. But Will You Buy a Sandwich With It?[…]

World’s Top Direct-Selling Stock Soars 220% on China’s Smaller Cities

The world’s best-performing publicly traded direct seller isn’t so direct in its approach to the behemoth that’s the Chinese market. Instead of going after China’s biggest cities with their more affluent professionals, Singapore’s Best World International Ltd. is targeting small business owners in second-tier cities to sell its 3,988 yuan ($587) DR’s Secret skincare sets. Rather than Read more about World’s Top Direct-Selling Stock Soars 220% on China’s Smaller Cities[…]

Billionaire predicts blue chips to double by 2030 … and Tesla shares to do even better

Bubble? What bubble? To say billionaire investor Ron Baron, who oversees some $23 billion in assets, waxed bullish on CNBC Tuesday morning would be an understatement, particularly with all the jitters and negativity swirling around the stock market lately. The 74-year-old founder of Baron Capital said that interest rates and oil prices will stay low Read more about Billionaire predicts blue chips to double by 2030 … and Tesla shares to do even better[…]