Celebrities are jumping into the SPAC boom and so are retail investors. And now the U.S. Securities and Exchange Commission (SEC) notifies investors not to invest in special-purpose acquisition companies (SPACs) just because a celebrity is involved. The regulator on Wednesday (March 10) issued a warning against SPACs backed by celebrities, who are just as vulnerable as anyone else to be lured into participating in a
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Emerging markets equities have proven relatively resilient through the market chaos of 2020. Growth has come mostly from internet and broader technology stocks in China, South Korea and Taiwan, the three countries which account for two-thirds of the global equities index. Emerging markets have handed investors more than $5 trillion in wealth this year and market watchers may be confident the rally
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S&P Global Ratings forecasts an increase in global sukuk issuance this year, as issuers in core Islamic finance countries return to the market amid exceptionally low interest rates and ample liquidity provided by central banks. “Market conditions should remain buoyant throughout 2021, with record-low interest rates and abundant liquidity,” the agency said. Total sukuk issuance is expected to be about $140 billion–$155
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In 2020, Ukraine’s international reserves rose by 15%, to an equivalent of USD 29.1 billion, an eight-year high, according to the National Bank of Ukraine (NBU). The last time that international reserves exceeded this level was in September 2012, NBU said. This level is in line with what the NBU projected in its October 2020 Inflation Review. The NBU managed to increase
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Carmaker Stellantis shares started trading on Euronext’s regulated market in Paris on Jan.18, following the historic merger of French group Peugeot S.A. (PSA) and US-Italian Fiat Chrysler Automobiles (FCA). The Stellantis shares also began trading on Jan. 18 on the Mercato Telematico Azionario organized and managed by Borsa Italiana SpA in Milan and on Jan. 19 on the New York Stock Exchange
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