In the commodity world, lithium has been a rising star as its use and prevalence has skyrocketed in recent years. Even renowned investment sage Warren Buffett chose to invest in a little-known Chinese battery producer in 2008, eventually earning back nearly $1 billion. Is it too late to jump on the bandwagon, or are there still opportunities for you to capitalise on the trend?
The Chinese yuan hit a record high against the U.S. dollar in intraday trading on Wednesday as the People’s Bank of China lifted the currency’s reference rate, fuelling speculation that the central bank will soon allow greater appreciation of the yuan.
Every leader has to undergo a period of trial and error before he or she learns what will truly motivate employees and improve business. But familiarising yourself with proven strategies of leadership can help you skip the errors and head straight for success. This graphic highlights a few behaviours and other skills needed to excel as an effective leader in the business realm.
Foreign exchange (Forex) is a type of financial trading in which the currency of a country is exchanged for that of another. With a daily turnover of over $4.9 trillion, the Forex market is the largest financial trading market in the world.
When the price of gold crashed in April, some analysts were quick to point out that the gold market may well be manipulated by large banks. However, the fact that authorities are turning a blind eye to the alleged manipulation of gold suggests that higher powers may actually have a hand in the rigging.
Gold has been touted a safe store of wealth, particularly when there are serious risks to global financial markets. However, gold suffers from wild price gyrations when the markets become too disruptive, and data suggests that gold prices are regularly manipulated for the benefit of large banks and to the detriment of any retail investor trying to protect their wealth by investing in gold.
The U.S. Securities and Exchange Commission took a long-awaited step to reduce risk in the $2.6 trillion money-market mutual-fund industry, voting unanimously on Wednesday to move forward with a proposal that could force some money market funds to abandon the fixed value of $1 a share that has made them so popular with many investors.
The SEC’s proposal would require “prime” funds held by corporate treasurers and other institutional investors to abandon their fixed $1 share price, allowing the funds’ prices to float like those of other mutual funds.
The U.S. International Trade Commission on Tuesday ruled that Apple violated rival Samsung’s patent covering technology used to send information over wireless networks, a ruling that could see some of its Apple’s earlier iPhone and iPad models banned from sale in the United States.
Unless vetoed by President Barack Obama or blocked by a federal appeals court, the independent ruling would bar the importation of AT&T variants of the iPhone 4, 3GS and 3G, as well as the original iPad and iPad 2 which run on the second-largest American mobile network.
Steve Wozniak, the co-founder of tech giant Apple Inc alongside Steve Jobs and Ronald Wayne, has described recent criticism of the company’s taxes practices as “extremely warranted” and have called for big corporations to be treated the same as the “little guy”, during a business conference in Northern Ireland on Thursday.
Cupertino-based technology giant Apple has been accused by a U.S. Senate committee of trying to find the “Holy Grail of tax avoidance” by using a “complex web of offshore entities” to avoid paying billions of dollars in U.S. income taxes.
Between 2009 and 2012, Apple shielded at least $74 billion in profits from U.S. tax authorities by setting up subsidiaries based ostensibly in Ireland, which had no employees or physical offices, that were run by top officials from the company’s headquarters in Cupertino, a Senate investigation unveiled on Monday.
