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NEW YORK: The S&P 500 ended essentially flat on Thursday, with chipmakers helping push the Nasdaq into positive territory in a subdued Veterans Day session, the day after hotter-than-expected inflation reports dampened investor sentiment and halted a streak of record closing highs.
A 20-minute stroll through The Hague takes you from the prime minister’s office to the workplace of someone who’s arguably even more powerful: the CEO of Royal Dutch Shell Plc.
KUALA LUMPUR: Bank Negara has reappointed three Shariah Advisory Council (SAC) members of the bank for a three-year term.
SYDNEY: Australia’s central bank will closely monitor risk premiums to judge whether asset prices appear “sensibly valued,” especially at a time of record low interest rates, said Marion Kohler, head of the domestic markets department.
SEOUL: The Bank of Korea (BoK) has raised interest rates for the second time since August and signalled it would further pare back stimulus, in an effort to avert asset bubbles and prevent inflation from escalating further.
THERE’S already too much money chasing too few assets and yet even the most sober investors seem ready to add to the problem.
Assets are quickly distributed upon death as opposed to a will