(Bloomberg) -- Australian pension and wealth firm AMP Ltd. has become one of the nation’s first large retirement managers to invest in cryptocurrency products, allocating about A$27 million ($17.2 million) to Bitcoin futures. The fund “took the plunge and made a modest allocation to bitcoin” earlier this year, AMP Senior Portfolio Manager Steve Flegg said in a LinkedIn post this week. A spokesperson for AMP said the investment was in Bitcoin futures, adding that there are no plans to increase th
Indochino names vice president of marketing
Ryane Askew comes with digital marketing experience from Pier 1, Blue Nile, J.C. Penney, Amazon and Nordstrom.
Stock Market Today: Stocks end mixed, Dow falls for seventh straight day
Longer-dated Treasury bond yields are seeing their biggest weekly increase in more than a year.
S&P 500 on Track for 6,500, Says Citi – Here Are 2 Stocks Poised to Climb Along
With the 2024 election behind us, conventional wisdom suggests a second Trump administration may aim to replicate the economic playbook of the first. This approach is expected to feature a blend of pro-business deregulation and elements of protectionism. Citigroup head of US equity strategy Scott Chronert is keeping a close eye on the evolving economic landscape and leans toward an optimistic outlook – while acknowledging the inherent risks. “We maintain a positive view on US equities headed int
Kita expands active risk monitoring for carbon markets
The services are designed to aid informed decision-making for investors and project developers during the investment process.
Leyad expands into New York City market with Ink48 Hotel acquisition
Featuring 226 rooms, the Ink48 Hotel is situated in Hell's Kitchen, Manhattan.
Xiaomi’s 101% Rally Puts EV Dark Horse on Brink of Stock Record
(Bloomberg) -- Xiaomi Corp. is rapidly closing in on a new all-time-high share price, having cracked the crowded market for electric vehicles in a repeat of its earlier success with smartphones.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsIts stock has surged 101% this year, outpacing global peers, on the
Abu Dhabi Global Market plans China roadshow to boost financial ties
Abu Dhabi's financial centre, the Abu Dhabi Global Market (ADGM), will conduct a roadshow in China in mid-February to respond to "overwhelming interest" from businesses to set up shop in the capital of the United Arab Emirates, according to its market development head. The planned trip follows a July roadshow that visited Shanghai and Hong Kong. During next year's edition, senior executives of the ADGM, among others, are expected to stop by Beijing, Shanghai, Shenzhen and Hong Kong. "There are d
BlackRock recommends investing no more than 2% of your portfolio in Bitcoin
A new report says investing more than 2% sharply increases risk.
Why Altcoins Were Thrashing the Market on Thursday
Among the many seeing notable improvements in price were Chainlink (CRYPTO: LINK), with a rise of almost 21% from 4 p.m. ET. More than a few investors, it seems, continue to believe there's more upside with other coins and tokens. Meanwhile, president-elect Donald Trump provided his latest signal that the incoming administration would be relatively crypto-friendly.