A leaderboard of the biggest trading losses of all time
Well, some of them, anyway
We haven't written up this one. Financial Times has the full story — the link below goes straight to it.
More in Finance & Markets
The exchange rate paradox: Macroeconomic triumph, the import subsidy trap and the threat to youth employment
A recent assertion circulating among Ghanaian youth and entrepreneurs poses a fundamental economic question: Is the current exchange rate of approximately GH¢10.94 to the US dollar literally killing local jobs by making imported products drastically cheaper than locally manufactured goods?
Japanese Yen: Intervention risks cap losses against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that September Bank of Japan (BoJ) hike odds have risen sharply, but the Japanese Yen (JPY) has reacted only modestly. They argue a sustained Yen recovery likely needs clearer commitment to faster policy normalisation.
European Stocks Drop in Subdued Trading; SIG Tumbles on CEO Exit
European stocks fell in lighter trading on Monday, dragged lower by consumer products and food and beverage shares.
Shein eyes company valuation of around US$25bil in Hong Kong IPO
HONG KONG: Online fast-fashion retailer Shein is eyeing a company valuation of around US$25 billion in its Hong Kong IPO, said three people with knowledge of the matter, down from nearly US$100…
Canada CPI expected to show rising inflation in July
Canada’s July Consumer Price Index (CPI) figures will be the focus of attention when published on Monday.