[ad_1] LONDON – Xtrackers, an investment company with variable capital, has announced that MSCI Limited, the index administrator, will rename the reference indices of several Xtrackers exchange-traded funds (ETFs) effective February 3, 2025. This change will affect the nomenclature of the indices but not the investment objectives, policies, risk profiles, or fees of the respective ETFs. The affected sub-funds, which currently include ‘ESG Screened’ in their names, will drop this designation from their reference index names. For instance, the Xtrackers MSCI Canada ESG Screened UCITS ETF will be renamed to Xtrackers MSCI Canada Screened UCITS ETF, and similar changes will…
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[ad_1] (Bloomberg) — Gold (GC=F) erased gains as traders geared up for US economic data that may help them assess the outlook for interest rates in the year ahead. Most Read from Bloomberg Bullion fell 0.1% to $2,654 an ounce, wiping out advances of the first trading day of 2025. Investors are closely monitoring rising concerns over near-term volatility in stock markets. Meanwhile, two deadly attacks in the US this week further compounded market angst, sparking domestic security concerns ahead of Donald Trump’s official return to the White House later this month. Economic data due later Friday — including US…
[ad_1] Around 30 supporters of impeached President Yoon Suk Yeol stage a sit-in protest in front of his official residence to block his arrest by the police in Seoul, South Korea, on January 2, 2025. A Seoul court issues a detention warrant for Yoon over his failed attempt to impose martial law, making him the first sitting South Korean president to face arrest. (Photo by Chris Jung/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSEOUL, South Korea — South Korean authorities tried and failed Friday to carry out an unprecedented arrest warrant for President Yoon Suk Yeol over his botched attempt to declare…
[ad_1] Image source: Getty Images Knowing what the stock market will bring in 2025 is nearly impossible. But there are some things that investors like me can do to give themselves the best chance of doing well, whatever happens. One of these is staying out of value traps – stocks that look cheap but are actually not. And avoiding these is my investment resolution. Value traps There’s more than one type of value trap. The most obvious kind – and the easiest to avoid – are ones where a stock looks cheap because the underlying business has a permanent problem. …
[ad_1] (Reuters) – A Russian court has ordered internet company Yandex (NASDAQ:) to hide access to maps and photos of one of Russia’s largest oil refineries due to constant attacks by Ukrainian drones, state news agency TASS reported on Friday. Yandex, often referred to as “Russia’s Google (NASDAQ:)”, operates the country’s largest search engine and other online services like maps, translate and email, as well as ride-hailing and food delivery. The court in Moscow ordered Yandex to exclude information about the refinery’s infrastructure from its search results by removing and editing images of workshops, compressor stations and other parts of…
[ad_1] “Exigencies are to be expected to occur, in the affairs of nations, in which there will be a necessity for borrowing. That loans in times of public danger, especially from foreign war, are found an indispensable resource, even to the wealthiest of them . . . it is essential that the credit of a nation should be well established . . . Persuaded as the Secretary is, that the proper funding of the present debt, will render it a national blessing. Yet he is so far from acceding to the position, in the latitude in which it is sometimes laid…
[ad_1] In a challenging market, Meritage Homes Corp (NYSE:) stock has touched a 52-week low, dipping to $76. According to InvestingPro data, the company trades at an attractive P/E ratio of 13.9x, with technical indicators suggesting oversold conditions. This level reflects a notable downturn from its previous positions, as investors navigate through a period marked by economic uncertainties and a cooling housing market. While the stock has declined over the past year, analysts maintain price targets ranging from $76.50 to $126, and InvestingPro analysis suggests the stock is currently undervalued. The company maintains strong financial health with a robust current…
[ad_1] Image source: Getty Images Every year, UK residents can put up to £20,000 in a Stocks and Shares ISA. However, investors don’t need to max out their ISA contributions to build wealth. Instead, many people get started by investing just a few pounds a day. Over time, and when combined with a sensible investment strategy, this can compound into considerable wealth. The warm-up Opening the ISA’s like the investing equivalent to warming up before the gym. The Stocks and Shares ISA provides UK residents with a place to shelter their investments from capital gains tax and tax on dividends.…
[ad_1] LONDON – The Board of Herald Investment Trust plc has advised its shareholders to vote against resolutions proposed by Saba Capital Management, L.P. in a forthcoming general meeting. The investment company, which specializes in technology sector investments, has called a meeting for January 22, 2025, in response to Saba Capital’s requisition. The Board’s recommendation follows a series of communications from Saba Capital, which has been acquiring interests in the company. The Board believes that Saba’s actions are part of an attempt to gain control of Herald for its own economic benefit, rather than due to concerns about the company’s…
[ad_1] LONDON (Reuters) – Global insurance premiums fell 0.9% last year as the market became more competitive after years of rate rises, insurance broker Howden said in a report on Thursday. Insurers have consistently raised rates in recent years in response to losses from wars and natural catastrophes, and due to inflationary pressures. This has made them profitable, which has encouraged additional players into the market, pushing down prices. Reinsurance rates also fell on Jan. 1, the industry’s preferred policy renewal date, with global property catastrophe reinsurance rates down by 8%, Howden said. Reinsurers insure the insurers, and January reinsurance…