Trade tensions and a weaker yuan drive Chinese crypto demand, market players say

LONDON/NEW YORK (Reuters) – Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said. Exchanges, researchers and brokers told Reuters they have seen an uptick in activity at crypto trading venues popular with Chinese. They said over-the-counter (OTC) brokers, which act as […]

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Clarity on Burford Capital is needed after Muddy Waters treatment

Muddy Waters is a splendid name for a short-selling hedge fund that claims to spot accounting shenanigans at listed companies. Carson Block, its founder, doesn’t get it right every time, but he has a big following. That partly explains the thumping 46% fall in Burford Capital’s share price after one of the hottest stocks on London’s alternative investment market received […]

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Financial firms fleeing high-tax northeast for billionaire-packed Florida county

Florida nets $17B as wealth relocate from high-tax states: Report The state and local tax (SALT) deduction is causing more Americans to move from high tax states to states with no income tax. Forget Wall Street, financial firms are seeking warmer weather – and lower taxes – in Florida. Continue Reading Below Hedge funds, private equity firms and wealth management […]

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Bitcoin near two-week highs, fueled by hopes for Facebook's Libra

LONDON (Reuters) – Bitcoin held on Tuesday near its highest for two weeks after surging as much as 9% overnight, a move analysts said was probably driven by hopes that cryptocurrencies are gaining wider acceptance after Facebook disclosed plans for a digital coin. Bitcoin touched $12,833 overnight on the Bitstamp exchange BTC=BTSP, its highest since June 27, before pulling back. […]

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British companies, pension funds may have to report climate risks

LONDON (Reuters) – British public companies and pension funds may have to publish by 2022 what risks their businesses face from climate change under a new so-called green finance strategy. Britain last week became the first G7 country to sign into law a requirement to reach net zero emissions by 2050 and the green finance strategy, published on Tuesday, sets […]

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Breakingviews – UK climate disclosure needs more than a big stick

LONDON (Reuters Breakingviews) – The UK is once again talking a good game in the battle against climate change. Fresh from committing to cut carbon emissions to net-zero by 2050 – without explaining how it would get there – the British government on Tuesday said it was considering forcing listed companies and pension funds to disclose how their activities would […]

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Why Shares of Axos Financial Fell in May

What happened Shares of Axos Financial (NYSE: AX) fell 16.5% in May, according to data provided by S&P Global Market Intelligence, as the online bank's first-quarter results were met with a negative reaction. The pressure continued as concerns about which way the Federal Reserve would be heading led to general weakness in the financial sector. Continue Reading Below So what […]

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Apparently, Financial Advisors Are More Stressed Out Than Their Clients

Managing money is stressful when you don't know how to do it. But apparently, it's stressful for the professionals, too. A good 71% of financial advisors say they experience moderate or high levels of stress, compared to just 63% of investors, according to a survey by the Financial Planning Association along with Janus Henderson and Investopedia. Continue Reading Below Part […]

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Why it pays to be a ‘financial tart’

One of the most common questions I’m asked as a financial advisor is whether it pays to be loyal to one financial institution or bank. The expectation is there might be lower interest rates, policy discounts, ease of banking or cheaper fees. This idea of loyalty and trust is built into our psyche. Particularly as women, we’re taught from a young […]

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