The Remarkable Financial Benefits of Delaying Retirement

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The Remarkable Financial Benefits of Delaying Retirement

Bloomberg18 hours ago
This is one of a number of such comparisons in a remarkable new National Bureau of Economic Research working paper, “The Power of Working Longer,” that I imagine is going to become a staple of retirement advice in the coming years. The authors are Gila Bronshtein, Jason Scott, John B. Shoven and …

Chicago HFT embarks on cryptocurrency hiring drive

Financial News5 hours ago
A leading US proprietary trader is hiring cryptocurrency experts at home and abroad as the world’s big financial firms differ on whether or not to embrace the booming, but volatile, market for digital money. Chicago-based DRW Holdings has been an early mover in this area. Its Cumberland Mining unit has …
Story image for financial news articles from Proactive Investors UK

Proactive Investors UK

Pound breaches $1.40 as FTSE slides to six-day low

Financial News2 hours ago
UK stocks headed lower on Wednesday, with big multinationals leading the charge south as a rally in the pound spooked investors out of companies that generate most of their revenue abroad, MarketWatch reports. What are markets doing? The FTSE 100 index dropped 0.3% to 7,711.89, setting the …
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Gina Miller calls for resignations after sexual harassment exposed at …

Financial News2 hours ago
The dinner, held at the prestigious Dorchester Hotel in London’s upmarket Mayfair district last week, was attended by 360 wealthy businessmen from the worlds of finance, media, politics and the arts, according to a Financial Times investigation. More than 100 female hostesses were hired to wait on …
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The Harvard-Educated ‘Brain’ Behind China’s Economic …

Bloomberg5 hours ago
A key adviser to President Xi Jinping, Liu is China’s representative to the World Economic Forum’s annual meeting this week. The visit — which culminates in a speech to the gathering today — is likely to be the first of many high-profile appearances by the 65-year-old Cultural Revolution survivor, who’s on …
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Baidu Seeks New Investors for Finance Unit in up to $2 Billion Deal …

U.S. News & World Report49 minutes ago
HONG KONG (Reuters) – Chinese search engine Baidu Inc is seeking new investors for its wholly-owned finance unit, in a deal that could fetch up to $2 … The investors will either buy some of Baidu’s shares in Baidu Financial Services Group (Baidu FSG) or buy new stakes in the unit, which is valued at …
Story image for financial news articles from Financial News

A year after May’s Davos speech, City still open for business

Financial NewsJan. 22, 2018
As numerous City figures lambaste what they see as a lack of transparency around the government’s plans for financial services, large institutions’ … said big financialservices firms in London now had more faith in the government’s ability to deliver a Brexit that was good for the City: “We are starting the …
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A flock of premiers puts Davos traffic in the slow lane

Financial NewsJan. 23, 2018
The President of Panama is just one of the 39 (by my best count) heads of state and government speaking at the World Economic Forum annual meeting this year — more global leaders in a single year than I can recall in any of my five previous Davos meetings, which combined with the heavy snow …
Story image for financial news articles from Financial News

75 key figures in finance to track down at Davos

Financial NewsJan. 22, 2018
Aside from the presence such a divisive political heavyweight, the agenda will be topped by the usual talk of Brexit, a lack of volatility in financial markets, moving on from years of easy central bank money, Chinese growth and the increasing threats posed by cyber criminals. Also thrown into the mix this …
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US Sanctions Would Be ‘Economic War’ to Head of Russia’s VTB

Bloomberg1 hour ago
“I’m calling this economic war, because the purpose of this is to exert pressure on Russia, not only economically but politically as well,” Andrey Kostin, the head of state-owned VTB Group, said in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland. “I’m not so much …

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