Equities

Pimco’s flagship Total Return Fund has been hit by hefty redemptions following the abrupt departure of co-founder and fund manager Bill Gross

Record redemptions hit Pimco following Gross departure

Pimco’s flagship Total Return Fund has been hit by hefty redemptions following the abrupt departure of co-founder and fund manager Bill Gross

Pimco’s bond fund, once the largest in the world, suffered from redemptions totalling $23.5bn in September, making it the largest amount to be pulled from the fund in a single month in more than a year. That brings the total outflows for 2014 up to $50b...

Stability has returned to the global economy, although the sovereign debt crisis has left a marked impact on the credit quality of European Corporates

European corporates continue to falter

Stability has returned to the global economy, although the sovereign debt crisis has left a marked impact on the credit quality of European Corporates

By the standard of recent years, 2013 was a calm one in the European corporate credit arena. The first half saw the eurozone still in recession, although this was offset by a 0.3 percent increase in GDP in the second half. Meanwhile, only four long term s...

Glencore Xstrata's Las Bambas project in Peru is set to go to a Chinese consortium and fetch almost $6bn in cash for the Anglo-Swiss multinational

Glencore sells Peruvian copper mine for $6bn

Glencore Xstrata’s Las Bambas project in Peru is set to go to a Chinese consortium and fetch almost $6bn in cash for the Anglo-Swiss multinational

A Chinese consortium headed by the Hong Kong-listed MMG Ltd has signed an agreement for the purchase of the Glencore Xstrata–owned Las Bambas copper mine project. The deal, which comes to approximately $5.85bn in cash, marks one of China’s largest min...

Aluminium premiums soar towards record heights

The increase in metal production and subsequent lowering of price, in conjunction with high energy costs and hoarding investors, leaves the metal market bare

Aluminium premiums are at all-time highs in the US, with Europe and Asia following suit. Despite the global increase in metal production, resources are being fed into financial trade, not the market. Western smelters are being forced to shut or at leas...

Will copper prices rebound this year?

After a succession of fundamental changes to global demand and economic performance, copper prices have hit a seven-month high on the LME

Following a year of oversupply and muted demand, the red metal has since recovered from the lows of yesteryear to reach a seven-month high on the London Metal Exchange (LME), at one point reaching a monumental $7,460 per tonne. Copper prices fell 7.2 p...

World Finance interviews Lee Jim Leng, Lee Wai Sing, and Cheah King Fui from Hong Leong Investment Bank discuss capital markets in Malaysia

Lee Jim Leng, Lee Wai Sing, Cheah King Fui | Hong Leong Investment Bank | Video

World Finance interviews Lee Jim Leng, Lee Wai Sing, and Cheah King Fui from Hong Leong Investment Bank discuss capital markets in Malaysia

Malaysia's capital markets are booming: last year assets under management grew nearly 20 percent to over $150bn. Hong Leong Investment Bank has capitalised on this growth to expand into the region; its CEO Lee Jem Leng, CRO Lee Wai Sing, and Head of Treas...

World Finance interviews Scott St John, MD and CEO of First NZ Capital, on the current mood in the New Zealand equities space

Scott St John on New Zealand equities | First NZ Capital | Video

World Finance interviews Scott St John, MD and CEO of First NZ Capital, on the current mood in the New Zealand equities space

Scott St John has already told us how the New Zealand equity markets were reinvigorated by the Capital Markets Taskforce, established in 2008. We talk to him again to get more detail on First NZ Capital's view of the New Zealand equity market today, as we...

World Finance interviews Scott St John, MD and CEO of First NZ Capital, on how New Zealand's capital markets reforms restored the financial industries to robust health

Scott St John on New Zealand’s market reforms | First NZ Capital | Video

World Finance interviews Scott St John, MD and CEO of First NZ Capital, on how New Zealand’s capital markets reforms restored the financial industries to robust health

The New Zealand equity market went through a "near death experience" in the first half of the decade. So says Scott St John, MD and CEO of First NZ Capital. He explains this view, outlines the action taken by the Capital Markets Taskforce established by t...

World Finance interviews Arthur Pinheiro Machado, COO of Americas Trading Group, on pioneering electronic trading in Latin America and its new joint venture with the New York Stock Exchange

Arthur Pinheiro Machado on electronic trading in LatAm | Americas Trading Group | Video

World Finance interviews Arthur Pinheiro Machado, COO of Americas Trading Group, on pioneering electronic trading in Latin America and its new joint venture with the New York Stock Exchange

The Americas Trading Group was founded in 2010 as a technology company, specialising in electronic trading in Brazil. Arthur Pinheiro Machado, COO of Americas Trading Group, discusses how ATG filled a critical gap in the trading market in Latin America, e...

World Finance interviews Fathi Ben Grira, CEO of MENACORP, on investing in the Middle East and North Africa region

Fathi Ben Grira on Middle East investments | MENACORP

World Finance interviews Fathi Ben Grira, CEO of MENACORP, on investing in the Middle East and North Africa region

The Middle East and North Africa is a region of huge growth right now, with booming businesses and massive state investment. MENACORP is an investment bank specialising in the MENA region, and its CEO Fathi Ben Grira discusses the opportunities in the are...

Understanding a bull market

Knowing when to move money, and what factors to consider, is crucial to any investor. Today, market commentaries are ubiquitous, so knowing which elements to consider is crucial

The equity markets have had a strong rally since the start of the year, and as such one naturally asks oneself “should I get in get out or stay on board”? I wanted to share my perspectives. Since there isn’t space to comment on all global equity mar...

S&P and the performance of rating agencies

How should one rate the rating agencies? It’s a question often asked by market participants and commentators

Some seem to think that you can evaluate ratings by looking at their impact on market prices. If a rating change is not accompanied by a change in bond spreads – or if bond prices diverge markedly from levels implied by ratings – some see it as a “f...

Eurozone manufacturing grows for first time in two years

Signs indicate the eurozone could crawl out of recession this quarter, after the bloc’s manufacturing sector has finally returned to growth for the first time in two years

After a two year slump, the eurozone’s manufacturing Purchasing Manager Index (PMI) reached a two-year high of 50.3 in July. The growth can be attributed to a surge in factory output, indicating a chance the eurozone could pull out of recession in the t...

Debate over financial services in TTIP talks

Include bank rule conflicts in trade talks says EU, but US adamant financial services be kept off the table

Michael Barnier, the European regulation commissioner, said a comparison between EU and US rules that would prohibit banks from gambling with their own money should be on the agenda of the Transatlantic Trade and Investment Partnership (TTIP) talks. The t...

Iceland enters black; VÍB benefit

Iceland’s decline during the financial crisis has led to an understandably cautious investment climate. Wealth management firms, such as VÍB, have capitalised

Having undergone prodigious changes through the early 21st century, Iceland eventually assumed a sizeable degree of economic status. Whereas once the marginalised European haven was comprised almost entirely of the fishing industry, the volcanic nation sh...

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