On the heels of President Barack Obama’s trip to Kenya this summer, in which the U.S. president called on Kenya to overcome ethnic divisions, a new study provides insights into the economic cost of segregation in developing countries and how to overcome it.
The study, published in Administrative Science Quarterly, looks at how actors from diverse and competing social groups can […]
© AFP Johannes EiseleThe Chinese government intervened to stem a rout in the Shanghai market after it crashed 30 percent from its peak in mid-JuneShanghai (AFP) – China’s market regulator on Friday vowed to stabilise the volatile stock market for a “number of years”, saying a state-backed company tasked with buying shares will have an enduring role.”For a number of […]
Concerns about Prudential’s exposure to China helped push the company’s shares down 10% from late May. Photograph: Reuters
Prudential says turbulence on the Chinese stock market has had little effect on its business there as it reported first-half profit ahead of City forecasts.The British insurer sought to soothe City concerns by saying its Chinese operation had performed consistently for 15 years […]
Thomson ReutersAn investor stands in front of an electronic board showing stock information at a brokerage house in FuyangSHANGHAI (Reuters) – China’s securities regulator said on Friday that it had restricted 24 stock trading accounts for suspected trading irregularities.The accounts had been found to have abnormal bids for shares or bid cancellations and were thus suspected of affecting share prices […]
(Drivebycuriosity) – “The end of capitalism has begun”, claims the British paper “The Guardian” (theguardian). The text looks like a wet socialist dream. Paul Mason, a Marxist and author of this article, declares that information technology (Internet, software, cloud computing and more) will destroy capitalism and replace it by “postcapitalism”.I disagree. Capitalism is just changing its face, as it has […]
Jason Lee / REUTERSSee AlsoChina pays a price to avert stock market crashChina’s small investors are looking for a way out of stocksInvestors aren’t convinced by China’s efforts to stop the $2.8 trillion market routA commentary in the Communist Party’s flagship publication yesterday suggests the mainland government is prepared to intervene in the stock market again if turbulence returns.The article […]
Brandon Fleisher’s parents can thank his eighth-grade math teacher for a lot — $99,000, to be exact.The teacher asked students to pick a stock to follow. Brandon chose Avalon Rare Metals, which hit an all-time high that spring, CNN Money reports.That was four years ago. From there, the Toronto teenager started trading on paper and ultimately became so good his parents […]
Follow ZeroHedge in Real-Time on FinancialjuiceStock-market crashes saw the light of day more and more as the world became industrialized. The 19th century saw a rapid increase in their numbers.There’s money to be had at any time, whether the market is going up or down. But, it’s avoiding the downs and pulling out before the things start to go haywire […]
We won’t be buying or selling shares in Quindell (LSE: QPP) this morning. The firm requested that trading on AIM for its securities be temporarily suspended from 9:40am, pending an announcement and publication of a document.Cancelled tradesSome share trades that went through between 9.40 am and 9.42 am were later cancelled and the counterparties notified, the London Stock Exchange said.News […]
Lianna Brinded
Feb. 25, 2015, 8:20 AM
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The annual shopping day frenzy, known as Black Friday, usually boosts retailers’ sales and profits towards the end of the year.However, for the British online white goods retailer, AO World, Black Friday had an “adverse effect” on the company and “it did not produce incremental sales.” The group did not go into further detail over how Black […]
