Electronic screens display gongs at the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 15, 2022.Paul Young | Bloomberg | Getty ImagesJapan's Nikkei 225 index hit a new high on Monday as traders returned from a long weekend, while Chinese markets snapped a nine-day winning streak.the Nikki It ended trading 0.4% higher at 39,233.71 points, comfortably above the previous record closing level of 39,098.68 points. The index surpassed its all-time high set in 1989 at 38,915.87 on Thursday. The broader Topix index rose 0.5 percent to 2,673.62 points.By contrast, the strong…
Author: ricardofrancois
Beijing – Chinese smartphone company Xiaomi It believes it has identified a consumer niche that will pay for its next electric vehicle in a highly competitive market.“We think it's a good starting point for us in the premium segment because we already have 20 million premium users in China based on the smartphone,” Xiaomi Group President Weibing Lu told CNBC ahead of the car's international unveiling at Mobile World Congress in Barcelona. , which launches on Monday.“I think the initial purchases will be very engaging with smartphone users.”He said the company looked at a range of price points, from entry-level…
Bank of England Deputy Governor Sarah Breeden opens a conference in London on research into prudential regulation © Hannah McKay/ReutersEvents: The Hungarian Parliament votes on whether to ratify Sweden's application to join NATO. Launch of MWC Barcelona, the world's largest event for the mobile communications industry. The Geneva International Motor Show opens and runs until March 3. Central Banks: Bank of England Deputy Governor Sarah Breeden opens a conference in London on research into prudential regulation, while BoE Chief Economist Hugh Bell delivers the keynote. In Strasbourg, European Central Bank President Christine Lagarde joined a discussion on the bank's annual…
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent directly to your inbox every weekdayGood morning. Unhedged is back in full force. Nvidia used up all the oxygen last week, but don't sleep on Eli Lilly. Strong earnings fueled by weight-loss drugs have pushed the stock up 32 percent this year. Citi expects Nvidia and Eli Lilly alone to account for a quarter of S&P 500 earnings growth in 2024. How does everyone feel about this rise? Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Berkshire and S&P 500If your entire investment portfolio has…
While it's tempting to try to appeal to a broad audience, founder of liquor coaching service Just the Tonic, Sandra Parker, believes the best thing you can do for your business is to focus on your niche. Here's how I did it.When running a business, it can be tempting to reach as many customers as possible. But it also risks making your marketing “too generic,” warns Sandra Parker, founder of Just The Tonic Coaching.“From the beginning of my business, I knew exactly who I could help and who I couldn't help,” Parker told My Biggest Lesson.Parker struggled with alcohol addiction…
Shortly after I started as an investment banker, my employer hired a co-head of investment banking to work alongside the incumbent. Within a year they both left. As one senior mentor noted: “In investment banking, you can be a co-chairman one day and be beheaded the next.”That memory came back again after MainFT reported last week that the co-heads of European M&A and investment banking at Goldman Sachs had threatened to resign over their exclusion from a powerful committee created by CEO David Solomon:Two senior Goldman Sachs investment bankers have threatened to resign after being excluded from a new operating…
Stay informed with free updatesSimply subscribe to myFT Digest of the EU economy – delivered straight to your inbox.This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent directly to your inbox every weekday and Saturday morningGood morning. Russia's large-scale war of conquest against Ukraine is now in its third year, and the conflict that has claimed more than 150,000 lives shows no sign of ending. Today, our correspondent in Paris reviews a summit of Ukraine's allies aimed at showing that support for Kiev will outlast Russian aggression. Our financial correspondent…
Welcome to FT Asset Management, our weekly newsletter about the movers and shakers behind a global multi-trillion dollar industry. This article is the on-site version of the newsletter. Sign up here to have it sent straight to your inbox every Monday. Do the format, content, and tone work for you? Let me know: harriet.agnew@ft.com One podcast to get started: In this episode of the Behind the Money podcast, Ortynka Aliaj and I explore how cracks are starting to appear in a multi-manager hedge fund strategy. AND NEWSLETTER: Sign up here for our latest newsletter, US Election Countdown, for an essential…
Latest news about ETFsVisit our ETF Center to learn more and explore our in-depth data and comparison toolsThe world's largest convertible bond manager has unveiled an exchange-traded “synthetic convertible bond” fund to spread the concept to companies so rich in cash that they don't need to issue real bonds.Last year saw a boom in convertible bonds — a type of bond that can be exchanged for shares if a company's share price reaches a pre-agreed level — with issuance jumping 77 percent to $48 billion, according to LSEG.The recovery, driven by rising interest rates as convertible bonds pay a lower…
Stay informed with free updatesSimply subscribe to myFT Digest of European Banks – delivered straight to your inbox.European banks are on track to return more than €120 billion to shareholders on the back of their 2023 results, as they pass on the benefits of higher interest rates to investors.The bosses of European lenders are under pressure to boost their valuations and win over investors, who have been spooked by dividend bans and windfall taxes across the continent in recent years. Europe's largest listed banks pledged €74 billion in dividends and €47 billion in share buybacks, a 54 percent increase on…