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...further highlights the increased risks associated with using leveraged ETPs,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, who has likened leveraged and inverse ETPs to a “casino...
...While Stevenson was referring to the hunt for El Dorado, he could easily have been reflecting on 21st-century investing in the European bank sector....
...And net-net the winners are not the gamblers but the casino....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...Letter in response to this article: No surprise Americans put aside so little in pensions / From Sim Gurewitz, El Cerrito, CA, US...
...They are equivalent of walking into the casino and slapping down your chips on red — and that’s not investing any more.”...
...Only El Salvador and the Central African Republic adopted bitcoin as legal tender, nor did it really bank the unbanked, or seriously provide a financial lifeline to those living under an authoritarian regime...
...In June, Malaysia’s National Disaster Management Agency began cloud seeding — the approach to producing rain artificially — in the northern region of Peninsular Malaysia, where the Meteorological Department...
...A version of this article was first published by Nikkei Asia on May 16 2023. ©2023 Nikkei Inc. All rights reserved....
...Our columnist Mohamed El-Erian, the president of Queens’ College Cambridge and adviser to Allianz and Gramercy, explains what this means for investors....
...(FT) Debt-laden French supermarket Casino faces fraught new chapter (FT) Prada ‘optimistic’ of Milan listing, heir of fashion group says (FT)...
...Also set to benefit from the lifting of travel curbs are the casinos of Macau which have missed China’s high rollers who used to make up half of the gaming revenues in the city, the only place where casino...
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
...Britain, despite its post-Brexit struggles, is another El Dorado for young Nigerians. According to Home Office data, almost 16,000 “skilled worker” visas were granted to Nigerians in the past year....
...“Since Verdi got involved, TikTok has completely changed its attitude, became co-operative and stopped trying to block the works council,” said Hikmat El-Hammouri, a Verdi official....
...Warren Buffett on Saturday said US financial markets had become “almost totally a casino” as millions of new traders flooded into the financial system during the coronavirus pandemic....
...But in a world where the macro outlook is murky dynamic asset allocation trumps low fees, writes Mohamed El-Erian....
...Additional reporting by Tsubasa Suruga in Singapore and Erwida Maulia in Jakarta A version of this article was first published by Nikkei Asia on March 14 2023. ©2023 Nikkei Inc. All rights reserved....
...Investors still need to tread warily in emerging markets, writes Mohamed El-Erian, an adviser to Allianz and Gramercy. Historically cheap pricing is not enough given the macro headwinds....
...Batgirl’s directors Adil El Arbi and Bilall Fallah publicly expressed disbelief with the decision, saying it was “critical” their work was shown to an audience. Zaslav brushed off the criticisms....
...One went to New York, one went to Chicago, and another went to California’s El Dorado Hills. There were other reasons for Maggioncalda’s decision, though....
...The trucks, loaded with generators and bottled water, arrived before the relief organised by the Federal Emergency Management Agency....
...Canadian investment group Brookfield Asset Management and tech billionaire Mike Cannon-Brookes have abandoned their campaign to acquire AGL Energy after their second bid for the Australian company was rejected...
...The future, though, is about “market management” as much as it is about creativity....
...The new entrants in Tinseltown are private equity headliners Blackstone and Apollo Global Management, both known for their lean financial management and ability to avoid losses....
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