Finance News - 2/668 - Brief News

Timelier provisions may make banks’ profits and lending choppier

IN THE first quarter of 2018 thousands of banks will look a little less profitable. A new international accounting standard, IFRS 9, will oblige lenders in more than 120 countries, including the European Union’s members, to increase provisions for credit losses. In America, which has its own standard-setter, IFRS 9 will not be applied—but by More...

by martin | Published 10 hours ago
By martin On Friday, November 17th, 2017
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Watch Tesla unveil a brand new Roadster, which Musk says will be the fastest production car ever made

At the end of Tesla’s semi-truck event, Elon Musk unveiled Tesla’s brand new convertible. Musk said the new Tesla Roadster will be the “fastest production car ever made, period.” The More...

By martin On Friday, November 17th, 2017
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The 1000-year bond: A Danish energy company just issued debt with a maturity date of 3017

Matt Cardy/Getty Images A Danish energy company just issued debt with a maturity date of 3017. Danish energy company Orsted raised 500 million euros overnight via the hybrid bond. Hybrid bonds are so-named because More...

By martin On Friday, November 17th, 2017
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ABP, a Dutch pension giant, is more admired abroad than at home

EUROPE’S largest pension fund, a scheme for Dutch public-sector workers called ABP, is much feted abroad for its efforts in “sustainable” investing. At home, however, where it provides pensions to one More...

By martin On Friday, November 17th, 2017
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What annual reports say, or do not, about competition

What explains the remarkable strength of corporate profits and the sluggish growth of real wages in recent years? One explanation is that industries are getting less competitive. Work by The Economist found More...

By martin On Friday, November 17th, 2017
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The rich get richer, and millennials miss out

Early contender for the 2047 list BUOYANT financial markets meant that global wealth rose by 6.4% in the 12 months to June, the fastest pace since 2012. And the ranks of the rich expanded again, with 2.3m new More...

By martin On Friday, November 17th, 2017
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Why the NCAA will eventually be forced to pay some student athletes in one chart

The chart below shows us how much college football players might be worth at the top programs if they were able to play in a free market system and receive compensation in a manner similar to that of the NFL. We More...

By martin On Friday, November 17th, 2017
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Internship

Applications are invited for a Marjorie Deane internship in our New York bureau. The award is designed to provide work experience for a promising journalist or would-be journalist, who will spend three to six months More...

By martin On Friday, November 17th, 2017
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A breakdown of iPhone manufacturing costs over time

The iPhone X is the most expensive mobile phone on the market. It is a fact that consumers have largely gotten used to, and many early buyers now acquiesce that the high price is worth it. During Apple’s More...

By martin On Friday, November 17th, 2017
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Google’s former robotics division has a backflipping robot now, and everything is fine

YouTube/Boston Dynamics Boston Dynamics is back with updates to Atlas, its humanoid robot. Now, Atlas can do a backflip.  Google sold Boston Dynamics to Softbank earlier this year.  Boston Dynamics’ More...

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