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Dow futures plunge 500 points on election turmoil
Getty Images Supporters of Republican presidential nominee Donald Trump gather outside Trump Tower. Markets are not handling this well. Futures for the Dow Jones Industrial Average plunged more than 500 points before paring losses as Republican presidential nominee Donald Trump pulled ahead of Democrat Hillary Clinton in both... Read more
The surging yen has wiped off nearly $30bn from the first-half revenues of eight of Japan’s biggest manufacturers including Sony and Honda as companies brace themselves for the worst earnings slump in five years. More than 100 manufacturers listed on the Topix index, the main Japanese stock benchmark, have... Read more
Rates and credit drive HSBC’s banking and markets growth
In a results statement on November 7, the bank said adjusted revenues in the unit rose by more than 13% year-on-year in the three months to September 30. Growth was primarily in the fixed income businesses, specifically rates and credit, HSBC said, “as we gained market share, notably in... Read more
Market Extra: Worried about the market? Take a look at this chart showing 500 years of financial history
The S&P 500 finished lower on Friday for the ninth-straight session, its longest stretch of declines since December 1980. The epic losing streak has prompted a steady stream of predictions from doomsayers about an impending market collapse. But it’s important to remember that in the grand scheme of things,... Read more
Deadlock has been endemic in the US Congress since Republicans seized the House of Representatives in 2010, ending the full Democratic control that President Barack Obama enjoyed for two years. In the six years since, the “do-nothing Congress” tag has stuck as the frustrations of businesses and others who... Read more
Global exchange lobby appoints first woman chair
Ramkrishna, who is managing director and CEO of the National Stock Exchange of India, will be the 28th chair of the WFE. She takes over in the role from Colombian Securities Exchange CEO Juan Pablo Cordoba, according to a November 3 statement. Ramkrishna, who enjoys listening to Indian classical... Read more
‘Ferris’ found fame 30 years ago — now the movie’s music is getting another shot at it
Just this Wednesday, decades after its first moments in the sunshine of 1980s pop culture, a British band few have heard of that wrote songs few have heard gathered in an East London recording studio to work on what would be its first-ever release. Why had the members of... Read more
Chess is an ancient game with a past heavy in history and legend. It has also survived a leap forward to the digital age — and is still played by hundreds of millions of people online. As a spectator sport, however, it continues to prove lousy business. On Friday... Read more
Helena Morrissey to leave Investment Association next year
Morrissey, whose reputation campaigning for greater female representation in business transcends fund management, will leave the position in summer 2017, three years after having replaced Douglas Ferrans in the role. She said she had originally joined on a two-year term but served an additional year as requested by the... Read more
The Fed: Fed doesn’t need much more evidence before raising interest rates
Reuters Federal Reserve Chairwoman Janet L. Yellen The Federal Reserve on Wednesday signaled that the time for another interest-rate hike is approaching and it doesn’t need much more evidence before moving. The Fed policy committee voted 8 to 2 to maintain interest rates in a range of 0.25... Read more