Author: Jordan

Investing.com — Siemens stock rose 2.2% to reach €283.03 during today’s session after brokerage Kepler Cheuvreux reversed its negative stance on the German industrial giant, upgrading the stock to “Hold” from “Reduce” and lifting its price target to €280 from €255. The firm flagged the upcoming third-quarter earnings release on August 6 as a pivotal moment, and simultaneously raised its fiscal 2026–2028 revenue and profit forecasts above the market consensus, giving investors a fresh reason to reassess the stock’s near-term trajectory. Siemens was the biggest individual boost to the DAX on the day, a distinction that underscores how directly the…

Gold (XAU/USD) extends gains on Friday as weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday batters the US Dollar (USD) and cools expectations of an imminent Federal Reserve (Fed) interest rate hike.At the time of writing, XAU/USD is trading around $4,185, up about 1.50% on the day. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 100.76, near two-week lows.The US economy added just 57K jobs in June, nearly half the market expectation of 110K. Following the data, markets shifted expectations for a Fed interest rate hike from…

ModaMortgages has repriced its limited-edition buy-to-let range, cutting rates across several of its most popular two- and five-year fixed-rate products for landlords. Five-year fixed rates at 75% LTV have been reduced by 10 basis points, while five-year 80% LTV standard products have been cut by 5 basis points. Rates now start from 4.84% for standard properties and 4.94% for small HMOs and MUFBs. Across the two-year range, rates at 75% LTV for both standard properties and small HMOs and MUFBs have also come down by 5 basis points, starting from 3.29% and 3.39% respectively. The lender continues to…

The gap points to two shifts underway in the business development company sector. Retail investors are increasingly realizing that exiting these vehicles takes far longer than getting into them, pushing more to request withdrawals. Meanwhile, fund managers are preparing for an extended stretch of heavy redemptions. Blackstone, which met all redemption requests in the first quarter, has since capped withdrawals at 5% to protect capital for future demand. Requests jumped across most major managers, including Apollo Global Management, Ares Management and BlackRock’s HPS credit arm, all of which had been relatively insulated earlier in the year. Blue Owl, long the…

Donald Trump made $1.4bn (approximately £1bn) from his cryptocurrency dealings in his first year back in office, in what his former White House lawyer has described as part of “the greatest onslaught of corruption in the history of mankind.” Overall, Trump pulled in at least $2.2bn (£1.65bn) from his vast holdings, including real estate assets, in 2025. By comparison, his enterprises pulled in $662m (£495m) in 2024 before he returned to the presidency.  The US president – who denies any wrongdoing – received around $500m (£374m) from $WLFI, the digital currency sold by his family’s main crypto firm World Liberty…

UIA World Congress of Architects 2026 Barcelona Eduardo Souta de Moura receiving the UIA Gold Medal from UIA President Regina Gonthier (Photo: John Hill/World-Architects) In a ceremony at the Basilica of the Sagrada Família on the evening of June 30, the International Union of Architects (UIA) presented the UIA Triennial Awards and the UIA Gold Medal, the latter to Portuguese architect Eduardo Souta de Moura.Barcelona is hosting the UIA World Congress of Architects the same year the Catalan city is celebrating the legacy of architect Antoni Gaudí, who died one hundred years ago, and has inaugurated the Tower of Jesus…

Skipton Building Society said it had seen a 1,384% uplift in the number of Lifetime ISA (LISAs) openings in the first weekend following the announcement of the new version. Last week the government unveiled details of the new First Time Buyer ISA (FTB ISA) which will replace the LISA and will be scrutinised under a consultation before being formally launched at a future date. What is the FTB ISA and how does it differ from the LISA? Much like its predecessor, the new version will be a government-backed account to support savers to buy their first home. Unlike the LISA,…

Analyzing the Procedural Failures of the 2019 Infrastructure Transaction, the Role of the Ministry of Finance, and the Legal Imperatives for Sovereign Risk ManagementIn the architecture of a progressive democratic state, the management of public capital demands administrative precision, institutional discipline, and unyielding transparency. The management of state resources cannot be left to administrative discretion or political urgency; it must be anchored strictly within statutory boundaries. The recent High Court ruling dismissing the “no-case” submission in The Republic v. Solomon Asamoah & Prof. Christopher Ameyaw-Akumfi brings these foundational tenets into sharp focus. Far from an early determination of guilt, this…

AMP Ltd. (ASX: AMP), one of Australia’s largest asset managers, has removed government bonds from some of its retirement funds amid concerns over their diminishing role as a portfolio diversifier. The firm, which oversaw A$162 billion ($112 billion) as of February, no longer holds sovereign debt in retirement portfolios designed for younger investors. AMP has also cut bond allocations across other funds over the past six to 12 months, according to Chief Investment Officer Anna Shelley. The company has shifted toward corporate credit while seeking greater exposure to commodities and agriculture to better protect portfolios against volatility. “The main thing…

ModaMortgages has reduced rates across a number of two and five-year fixed rate products in its limited edition buy-to-let range. The latest changes see five-year fixed rates at 75% LTV reduced by 10bps, while five-year 80% LTV standard products have been cut by 5bps.  Rates now start from 4.84% for standard properties and 4.94% for small HMOs and MUFBs. Across the two-year range, rates at 75% LTV for both standard properties and small HMOs and MUFBs have also reduced by 5bps, with rates starting from 3.29% and 3.39% respectively. The lender continues to offer free valuations and no…