Monthly Archives: October 2015

Materials bounce back after tough time

©AFP Materials stocks have turned their fortunes round after a punishing year and were the best-performing sector on the S&P 500 in October. The S&P 500 materials sector — which includes copper miner Freeport-McMoRan, aluminium producer Alcoa, gold producer Newmont Mining and chemicals companies such as DuPont and Dow Chemical — advanced 13.45 per cent in October. It outperformed the…

Cineworld slides on ‘duller’ film outlook

©AFP Fears that its best days are behind it meant Cineworld suffered its sharpest fall in five years. New Star Wars, James Bond and Hunger Games movies end what is likely to be a record year for UK box office revenues, which has helped Cineworld climb 75 per cent over the past 12 months. But Canaccord Genuity argued that Cineworld…

SEC eases crowdfunding rules

©Dreamstime US regulators on Friday approved rules that would let all Americans invest in the equity of start-up companies raised though online crowdfunding, expanding the scope of the industry but also potentially bringing new risks. Crowdfunding sites in the US, such as the Kickstarter platform, have been limited to raising money for donations or for advanced purchases of goods to…

Central banks spur October equity rally

Global markets clawed their way back to near record highs in October as central banks’ efforts to stem rising concerns over the health of the international economy sent investors flocking back into equities. The FTSE World Index climbed 7.8 per cent in October, its biggest monthly gain in four years. The global stock gauge is now just 6.5 per cent…

Bears hit City and Street for Halloween

©Getty This weekend millions will dress up as ghouls, vampires, aliens, goblins and Justin Bieber to celebrate all things scary and horrific for Halloween. For the finance industry’s small cabal of “perma-bears” it is also celebration time. While most markets are now back to near record highs, the litany of things investors worry about has grown no shorter over the…

Saronom Holdings Limited is searching for new markets

Within the frames of expansion strategy a Cyprus-based investor Saronom Holdings Limited started looking for new markets with healthy business environment. Traditionally the sphere of tourism along with the market of real estate is those areas of human interest that are the first to recover after the long period of recession. New president of Jamaica has a complete understanding about…

GoPro sinks on gloomy holiday outlook

©Reuters GoPro faced fierce selling on Thursday after the maker of wearable cameras revealed disappointing third-quarter earnings and a gloomy outlook for the holiday quarter. The company said late on Wednesday that sales of the Hero 4 Session camera, its smallest and lightest offering that was released in July, missed the mark on the back of a botched pricing strategy….

GSK falls on dented takeover hopes

GlaxoSmithKline was among Thursday’s fallers after Pfizer put a dent in takeover hopes. GSK eased 1.2 per cent to £14.04 after Pfizer said it was talking to US peer Allergan about a possible $300bn merger. GSK has been widely rumoured to be among Pfizer’s alternative targets, a combination some analysts say makes more sense. “Whilst GSK may be a more…

Valeant affair spooks jittery investors

©Bloomberg The mere mention of Enron can still send shivers down the spines of investors and traders who were on Wall Street for the accounting scandals of the past decade. The very basis of securities analysis — financial statements — turned out to be criminally false for a number of companies, resulting in “perp” walks, steep losses and bankruptcy. Though…

Exchanges seek softer bank capital rules

©Getty A group that includes some of the world’s largest exchanges has written to the head of a leading international regulator in an attempt to soften bank capital rules that they claim could destabilise exchange traded derivatives markets. Electronic trading and central clearing, whereby a clearing house sits in the middle of a derivatives trade to try to reduce counterparty…