Allaying fears about China's economy slowing down, Goldman Sachs says it's overblown. However, the American investment bank agreed that recently the world witnessed some negative developments.
Investors
Alibaba investors losing confidence as company's shares go below debut price
Alibaba is in big trouble as Investors lose confidence over the continuing decline of shares caused by the slow consumer spending brought by the Chinese economic meltdown.
Macquarie Group’s expected profits to surge 40% in H1
Buoyed with drop in Australian currency and rise in revenues from its asset management unit and risk management fees, Macquarie Group Ltd is confident of achieving 40 percent growth in profits for the first half of 2015 year.
Shanghai Gold Exchange allows gold, other securities as collateral trading
The Shanghai Gold Exchange (SGE) has allowed using physical gold and other securities as collateral on futures contracts trading. The move is aimed at increasing volumes and attracting investors from other markets.
Next Plc beats profit forecast; raises wages
Surpassing analysts' projections, UK retailer Next Plc posted better than expected results for the first half of 2015. The pretax profit rose 7.1 percent to GBP347million ($533MN) for the first half. Retail profit margins grew 14.9 percent from 14.1 percent during the previous corresponding period. The strengthening British pound also helped Next Plc improve profit margins.
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South African insurance major MMI Holdings Ltd suffered drop of 9.8 percent in its profit for the year ending June following the market volatility, economy slowdown and inflation rise. Cape Town-based MMI Holdings is the third largest insurance company in South Africa. The company's net income eased from rand 3.3 billion to rand 2.98billion. Earnings per share (EPS) dropped 11 percent to rand 1.81.
500 Startups makes the headlines these days closing new deals with new investments partners as it intensifies its intention to conquer the world.
Amid market volatility, there are stocks investors shouldn't miss to buy, and there are those that are considered dead money that should be sold. Investor Place's editor Jeff Reeves reveals which stocks must be sold right now.
The Wild Stock Market has scared many investors, but more millennials are investing in stocks despite volatility. According to CNN Money, stock trading app Robinhood, which is popular among millennials, reported that the number of new accounts in their site doubled on August 24 when the stock market fell over 1,000 points at the open. On that Monday, 65% of US customers bought stocks, rather than sell. As the market sell off continued the following day, Robinhood users bought more stocks.
Going the by technical charts on S&P 500 index movement, the formation of 'Bearish Divergence' is a warning signal for investors not to take any fresh positions. The relative strength index (RSI) is moving downwards when equity prices are trending higher.
Naguib Sawiris, the third richest man in Egypt announced he wants to buy an island either in Greece or Italy to relocate refugees from the war zone, Syria. He wants to name it 'Ilan' to remember Aylan Kurdi, the Syrian boy drowned on Turkish shore.
When people talk about successful startup tech companies, the first thing that comes to mind is Silicon Valley. But half way across the world, four bright founders from Britain are changing the startup venture industry.
Gold Distribution and Gold ATM Vending Company, Zen Gold, is under heavy fire from Tony Hetherington. The British Entreprenuer claims that his investment in the gold company turned to dust.
When stock markets tumble, bonds gain momentum and vice versa. But, this time it's a different picture. Contrary to market expectations, bonds market couldn't pick up when equities across the global market dropped in August.
