The Mercator International Opportunity Fund is delivering big returns from “mature” economies. Fund manager Hervé van Caloen told Insider how he targeted explosive growth out of the gate. van Caloen detailed how after two years of strong gains, he’s working in more discounted stocks. He also detailed five stock picks he recommends right now. Visit the Business section of Insider for […]

ISTANBUL (Reuters) – Turkey’s lira tumbled again on Wednesday and has lost nearly half the year’s gains this week alone, as the government again defended the record of former finance minister Berat Albayrak and speculation brewed over his possible return to cabinet.FILE PHOTO: Turkish lira banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/IllustrationThe currency was down […]

FILE PHOTO: A business jet is refuelled using Jet A fuel at the Henderson Executive Airport during the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker/File Photo(Reuters) – Global business jet deliveries declined 20.4% to 644 aircraft in 2020 due to the COVID-19 pandemic, the General Aviation Manufacturers Association (GAMA) said on […]

FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, London, Britain, March 9, 2020. REUTERS/Toby Melville(Reuters) – Britain’s main stock index fell on Wednesday as a stronger pound weighed on exporters, while Lloyds Banking Group rose 2.2% after the bank resumed a dividend despite a sharp drop in […]

U.S. stock futures turned lower Wednesday, a day after Wall Street's wild ride that saw the Nasdaq claw back nearly all of a nearly 4% loss to close down just 0.5%. The S&P 500 reversed a 1.8% decline to close up slightly, breaking a five-session losing streak. The Dow Jones Industrial Average wiped off a drop of 360 points, or […]

WASHINGTON (Reuters) – Group of 20 countries should take strong policy actions to reverse a “dangerous divergence” that threatens to leave most developing economies languishing for years, the head of the International Monetary Fund said in a blog on Wednesday.FILE PHOTO: Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity, at the Vatican, February […]

BEIJING/STOCKHOLM (Reuters) – China’s Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said.Slideshow ( 2 images )A year ago the two said they were planning to merge, giving Volvo access to public markets, as global automakers pursue […]

The futures initially traded higher on Wednesday before pulling back. This after a session of major selling and then a massive reversal across Wall Street on Tuesday. With all the major indexes hit hard initially, including the Russell 2000, the market rallied big after dovish comments by Federal Reserve Chair Jay Powell indicated the central bank would stay on the […]

Here are the most important news, trends and analysis that investors need to start their trading day: Stocks set to fall after Tuesday's turnaround on Wall Street Tesla bounces and a fund manager with a hot hand may be the reason Bitcoin rebounds, surging back above $50,000 GameStop CFO to step down after Reddit-driven stock rally Lowe’s tops earnings estimates […]