Australian banks, led by CBA, set to return record $15 bln cash to investors
Australia’s big banks are likely to return a record $15 billion or more of cash to investors over the next two years, with investors betting Commonwealth Bank (CBA.AX) will move first and helping drive shares of the top lender to all-time highs.
Australia c.bank holds rates as economy charges ahead
Australia’s central bank left its cash rate at record lows on Tuesday and reiterated its lower-for-longer policy stance even as data showed the country’s economic output was above its pre-pandemic level and house prices were shooting through the roof.
UK house prices jump by 10.9%, could speed up further- Nationwide
British house prices jumped by an annual 10.9%, the most innearly seven years, and they look set to accelerate further as people seek new homes after the pandemic, mortgage lender Nationwide said.
Canada’s Centerra Gold says Kyrgyz units seek bankruptcy after mine seizure
Canada’s Centerra Gold Inc (CG.TO) on Monday said Kyrgyzstan units Kumtor Gold Co and Kumtor Operating Co have commenced bankruptcy proceedings in a U.S. court following nationalization of the miner’s Kumtor gold mine by the former Soviet republic.
German ‘insurtech’ Wefox raises $650 mln at valuation of $3 bln
Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called “insurtech” company that valued the business at $3 billion.
Asian stocks at month high ahead of U.S. jobs data, gold rises
Asian stock markets rose on Tuesday while gold flirted near five-month highs ahead of European and U.S. data this week that will likely offer clues on the health of the global economy.
Europe’s bourse share trading claims inaccurate, says industry body
The bulk of share trading in the European Union takes place on exchanges with relatively little inside banks, an industry body said on Tuesday in a bid to stop what it called bourses seeking to “perpetuate their dominance”.
Dollar in doldrums as traders ponder Fed policy path; sterling soars
The dollar languished near multi-month lows versus major peers on Tuesday, as traders pondered the prospects for early policy normalisation by the Federal Reserve ahead of a key jobs report at the end of the week.
EXCLUSIVE G7 to back minimum global corporate tax and support economy – draft
Finance ministers from the group of seven rich nations (G7) will vow this week to support their economies as they emerge from the pandemic and reach an “ambitious” deal on a minimum global corporate tax in July, a draft communique showed.
Does economic growth lead to greater inequality? The answer might surprise you.
By Matteo Lanzafame, Antonio Francesco Gravina Finance, globalization, technology and urbanization – key drivers of economic growth – can lead to more or less inequality—depending on how prevalent they are in the economy. The determinants of income inequality—a measure of how unevenly income is distributed across individuals or households in a population—has for a long time been at […]
