Monday we have seen the stock market as a whole trend downwards on economic fears with news of Evergrande, Chinas second largest property developer possibly facing bankruptcy. This is as the property developer has a payment deadline looming after they aggressively became one of China's biggest companies by borrowing $300bn.
Shares in Evergrande (3333.HK) has been in a rush to raise funds to pay many lenders, suppliers and investors. At close the shares finished 10.2% down at HK$2.28 a...
I feel like the UK specialises in self proclaimed problems.
The media spread that there was a fuel shortage, when there was only a distribution problem which would have been fine until the panic buying started....now creating a fuel shortage thus a fuel crisis.
Who would you blame, the media or the people?
Its now being announced that the Army has been put on standby to ease the fuel 'crisis' with up to 150 military tanker drivers prepared to deliver to forecourts...
Pension Awareness Week - 13th - 17th
What is Pension Awareness week?
Pension Awareness week (PAW) is a 5 day long opportunity to raise awareness of pensions for all ages and to help them plan their financial future.
PAW was created by the Civil Service Pensions which runs their own theme which can be found here: https://www.civilservicepensionscheme.org.uk/members/pension-awareness-week/
We find many of us in the UK aren't in the financial position or financially prepared for...
Lots of unhappy people across the UK with the Tory government looking to increase National Insurance.
Its been talked about that a National Insurance increase will effect lower income families more than other social classes with a Former Conservative Minister, Jake Berry, talking to the BBC saying: "a National Insurance rise would disproportionately affect working people "on lower wages than many others in the country".
People from all sides, both political parties and social classes are...
The G7 group of advanced economies has reached a "historic" deal on taxing multinational companies.
Finance ministers meeting in London agreed to battle tax avoidance through measures to make companies pay in the countries where they do business.
They also agreed in principle to a global minimum corporate tax rate of 15% to avoid countries undercutting each other.
Tech giants such as Amazon and Google could be among the companies affected. (borrowed from BBC)
“This is lunacy!” James Andronis, a senior specialist in the Australian Securities Investment Commission’s market conduct team, wrote in an email to a colleague at the end of January.
He was referring to a mysterious 47% surge in shares of a tiny Australian copper miner in the days after the Australia Day public holiday. The sudden increase forced the company to halt trading.
The cause? The company had the same code on the Australian stock exchange as the US video game store chain...
I actually think this is a good thing if we have fully regulated companies that are backed by the FCA then it will strengthen their legitimacy
Personally I don't see it happening but an interesting read
The back and fourth between the EU and other countries seems to be having quite a negative affect and creating a lot of volatility in the market.
Once countries feel open enough to start up and restart the economy how would this affect the stock market?
I believe this could possibly speed up a small rotation we have recently seen from high growth/speculative to more value stocks.