Bassanese Bites: Steady week given mixed news
May 16, 2017--The Week In Review
It was another fairly lacklustre week in global markets, with the S&P 500 easing back 0.4% after flirting with new record highs.
Having started with a bang, the Q1 US earnings report season is ending with a whimper. Of course, that's perhaps not surprising given the remaining focus on competitively challenged bricks and mortar retailers-such as Macy's and Nordstrom which reported downbeat results last week.
Source: betashares.com.au
Asia in danger of growing old before it becomes rich
May 16, 2017--In contrast, Africa risks being held back by a surfeit of young people
Source: Risk.net
Wave of Cyber Attacks Sends Online-Security ETF Surging
May 15, 2017--Cyber security stocks gain with malware infecting companies
Attack hits U.K. health systems, asking for Bitcoin ransom
Source: Bloomberg
Private equity returns still outperform public markets
May 15, 2017--Private equity buyout funds globally delivered returns that beat public equity markets by a sizable margin in 2016.
In the US, funds delivered a 6 per cent end-to-end pooled internal rate of return (IRR) for the 12 months ending June 2016, compared with 4 per cent for the S&P 500 using an apples-to-apples metric developed by investment advisory firm Cambridge Associates. The gap was even larger in Europe and Asia-Pacific. And private equity continues to outperform over longer time horizons as well.
Source: AMEInfo.com
Bitcoin's surge fuels fears of asset bubble
May 14, 2017--Value of unregulated crypto currencies bursts through $50bn
Source: FT.com
Crypto currency offerings spur speculation frenzy
May 14, 2017--The latest online investing craze has shades of dotcom exuberance.
Source: FT.com
Blockchain technology 'could transform pensions administration': KPMG
May 12, 2017--A universal and decentralised 'blockchain' database would be a more reliable and easier alternative to current administration systems, according to KPMG.
In a white paper, the consultant said that the technology behind the digital currency Bitcoin could help create a "true financial passport".
Source: IP&E
Here's who wins with the new US-China trade deals
May 12, 2017--The trade deals struck between the U.S. and China could benefit many important companies and industries.
Many said they are disappointed that the 100-day plan missed larger issues such as overcapacity, forced technology transfer and equal treatment of U.S. companies.view more
Source: CNBC.com
Growth Accelerates in Europe and Central Asia as World Bank Calls for More Trade Benefitting More People
May 11, 2017--Economic growth in Europe and Central Asia (ECA) will accelerate slightly in 2017, following the stabilization of oil prices, benefitting the eastern half of the region, and a continued recovery in the western half of the region.
According to the latest ECA Economic Update, Trade in Transition, launched today in Tbilisi, Georgia, regional growth is forecast at 1.9 percent for 2017, up 0.3 percentage points from an earlier forecast in October, and will remain a stable 1.8 percent in 2018.
view the World Bank report-Europe and Central Asia Economic Update Trade in Transition
Source: World Bank