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Business News Articles (Page 2)

(RTTNews) – Ahead of Tuesday’s holiday for King Bhumibol Memorial Day, the Thai stock market had bounced higher again – one session after halting the four-day winning streak in which it had advanced almost 40 points or 3 percent. The Stock Exchange of Thailand now sits just beneath the 1,275-point plateau although it’s tipped to open in the red on Wednesday.

The global forecast for the Asian markets is soft on profit taking and on concerns for a COVID-19 vaccine. The European and U.S. markets were down and the Asian bourses figure to follow suit.

The SET finished modestly higher on Monday following mixed performances from the financial shares and energy producers.

For the day, the index added 6.29 points or 0.50 percent to finish at 1,273.43 after trading between 1,265.27 and 1,277.64. Volume was 20.184 billion shares worth 46.573 billion baht. There were 826 decliners and 698 gainers, with

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Southwest Airlines is opening new routes to Chicago and it’s not to the airport that many may automatically think. On Monday, the Dallas-based carrier announced that it would begin service to Chicago O’Hare airport, long a stronghold of American and United Airlines, in the first half of 2021. The new service will bring fresh new competition to the city’s biggest airport.

Chicago’s two largest metropolitan airports have always split up traffic between O’Hare on the west side and Midway to the southwest — and traditionally, the airport to the south has been a fortress held by Southwest Airlines. Today, Midway serves as one of the carrier’s biggest hubs; during non-COVID times, Simple Flying reports that Southwest operated as many as 260 flights out of the airport each day.

American and United, by contrast, have largely operated out of O’Hare, where each carrier

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As of the 5th of October, iShares MSCI Brazil Capped ETF (EWZ) had a TTM dividend yield of 3.42%. In this article, I hope to answer if it is possible to create a dividend-focused portfolio with only Brazilian ADR that can outperform EWZ’s dividend yield. My investment thesis is simple; analysts are expecting EPS to grow by over 100% in 2022, and dividends should grow too. For those who don’t know, Brazilian law requires corporations to pay out a minimum of 25% of its earnings to shareholders.

Throughout the course of this article, I will consider interest on equity and dividends as just dividends. To the best of my understanding, interest on equity is treated the same as dividends for U.S. tax purposes.

The stocks mentioned in this article are all Brazilian stocks. Investors are exposed to the Brazilian Real, which has devalued significantly over the past several years. During

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(Shutterstock)

Fidelity Digital Assets recommended in a Tuesday report that investors “consider” diversifying 5% of their portfolios into bitcoin.

  • A disciplined 5% would position investors to capitalize on bitcoin’s potential growth while protecting against losses, the cryptocurrency unit of the mutual fund giant wrote in its latest report on bitcoin’s investment thesis, spotted Tuesday by Decrypt.
  • Director of Research Ria Bhutoria wrote that the crypto’s current market capitalization “is a drop in the bucket compared with markets bitcoin could disrupt.”
  • Bhutoria argued that while institutional inflows may damp bitcoin’s uncorrelated performance, the crypto is “fundamentally less exposed” to the “economic headwinds” that other assets will likely face.
  • Bitcoin is therefore a “potentially useful” asset for uncorrelated return-seeking investors. “Consider a portfolio with a target allocation of 5% bitcoin,” she wrote. 
  • “In a world where benchmark interest rates globally are near, at, or below zero, the opportunity cost of not allocating to
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Stan Choe and Alex Veiga, The Associated Press
Published 11:17 a.m. ET Oct. 13, 2020 | Updated 5:26 p.m. ET Oct. 13, 2020

CLOSE

After shutting down negotiations over a new COVID-19 stimulus package, President Trump said he would pass a standalone bill for $1,200 stimulus checks.

USA TODAY

Banks and technology companies led a broad slide for stocks on Wall Street Tuesday, snapping the market’s four-day winning streak.

The S&P 500 lost 0.6%, giving back some of its gains from a day earlier. The pullback in stocks comes as many forces are pushing and pulling on markets simultaneously. Coronavirus counts are rising at a worrying degree in many countries around the world, and Johnson & Johnson said late Monday it had to temporarily pause a late-stage study of a potential COVID-19 vaccine “due to an unexplained illness in a study participant.”

Meanwhile, uncertainty about the prospects for more stimulus

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By Imani Moise and Niket Nishant

Oct 13 (Reuters)Citigroup Inc’s C.N outgoing chief executive came under fire on Tuesday for mistakes that have led to regulatory penalties, with analysts questioning his pay and why he is not leaving immediately in a conference call to discuss quarterly results.

In unusually direct exchanges, analysts pressed Chief Executive Mike Corbat to explain what management is doing to fix technical and operational problems that have plagued Citigroup for years and led the bank to erroneously send $900 million of its own funds to Revlon creditors in August.

That blunder led to costly litigation between Citigroup and the recipients, as well as regulatory consent orders, a $400-million penalty and lots of embarrassment. Last month, Citigroup announced that Corbat would retire earlier than expected, to be replaced in February by Jane Fraser.

Several analysts asked why Corbat did not make more

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There’s no question that growth stocks are getting all the attention on Wall Street right now. But when push comes to shove, growth stocks have historically taken a back seat to dividend stocks over the long run.

Back in 2013, J.P. Morgan Asset Management released a report that compared the average annual return for stocks that initiated and grew their payout between 1972 and 2012 to the average annual return of stocks that didn’t pay dividends over this same time frame. The results showed a near-quintupling in average annual return for the dividend-paying stocks relative to stocks that paid no dividend (9.5% vs. 1.6%), and a 19-fold aggregate outperformance over four decades.

A businessperson counting a stack of one hundred dollar bills in their hands.

Image source: Getty Images.

This data really shouldn’t surprise anyone. Dividend-paying stocks are almost always profitable, time-tested businesses that have navigated a number of economic downturns. The simple fact that a company is sharing a percentage of its

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By Julie Zhu and Zhang Yan

HONG KONG/BEIJING, Oct 13 (Reuters)China’s securities regulator is probing a potential conflict of interest in fintech giant Ant Group’s planned $35 billion stock listing, delaying approval for what could be the world’s largest IPO, three people with direct knowledge of the matter said.

The China Securities Regulatory Commission (CSRC) is looking into the role of Alipay, Ant’s flagship payment platform, as the only third-party channel through which retail investors could buy into five Chinese mutual funds investing in the IPO, the people told Reuters, speaking on condition of anonymity.

The arrangement sidelined banks and brokerages, the traditional route for retail investors to buy into funds. More than 10 million retail investors piled money into the five mutual funds when they were launched in late September, underscoring the marketing clout of Alipay.

The CSRC said in guidelines effective from Oct. 1 that

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By Liz Lee and Scott Murdoch

KUALA LUMPUR/HONG KONG (Reuters) – Malaysian rubber glove maker Top Glove Corp Bhd

, riding a wave of demand generated by the coronavirus outbreak, has hired banks to arrange a Hong Hong listing that could raise at least $1 billion, two sources said.

Citigroup

, China International Capital Corporation (CICC) <3908.HK> and UBS

, will manage the listing, said the two sources, who have direct knowledge of the matter but can’t be named as the information is not yet public.

Another source, also declining to be named as the process is private, said the world’s largest glove maker could be more ambitious and look to raise as much as $2 billion.

The company, which is already listed in Malaysia and Singapore, in a filing to the Kuala Lumpur exchange on Monday said it is evaluating a dual primary listing on Hong Kong’s stock exchange.

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17 August 2020, Hamburg: Panoramic view over the river Elbe to the container gantry cranes of different terminals in the harbour of Hamburg. The Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) will take place on 20.08.2020. Photo: Christian Charisius/dpa (Photo by Christian Charisius/picture alliance via Getty Images)
Panoramic view over the river Elbe to the harbour of Hamburg. Photo: Christian Charisius/Picture Alliance via Getty Images

Financial market analysts are feeling a lot less upbeat in October about the German economy over the next six months, according to the latest economic sentiment survey from ZEW, the Leibniz-based Centre for European Economic Research. 

The ZEW Indicator of analysts’ economic expectations for the six months ahead dropped by 21.3 points to 56.1 points in October.

“The great euphoria witnessed in August and September seems to have evaporated,” said ZEW president Achim Wambach in a statement.

“The recent sharp rise in the number of COVID-19 cases has increased uncertainty about future economic development, as has the prospect of the UK leaving the EU without a trade deal,” Wambach said. He noted that the US presidential election “further fuels uncertainty.”

READ MORE: Boris Johnson tells Merkel ‘significant gaps’ in trade talks must

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