(RTTNews) - The South Korea stock market has finished lower in three straight sessions, plummeting almost 850 points or 10.1 percent in that span. The KOSPI now sits just beneath the 7,250-point plateau although it's due for support on Thursday.
(RTTNews) - The South Korea stock market has finished lower in three straight sessions, plummeting almost 850 points or 10.1 percent in that span. The KOSPI now sits just beneath the 7,250-point plateau although it's due for support on Thursday.
Britain’s Paralympic dame is quitting after a stellar career that began in the swimming pool as a 14-year-old before five Games hoovering up cycling gold medals “This is the first time that I will speak about the next chapter,” Dame Sarah Storey says in a quiet corner of a busy cafe in Macclesfield as, after a remarkable career in which she won 74 world and Paralympic medals as the most successful...
Britain’s Paralympic dame is quitting after a stellar career that began in the swimming pool as a 14-year-old before five Games hoovering up cycling gold medals “This is the first time that I will speak about the next chapter,” Dame Sarah Storey says in a quiet corner of a busy cafe in Macclesfield as, after a remarkable career in which she won 74 world and Paralympic medals as the most successful British athlete , she prepares to announce her retirement from elite competition. It’s a seismic moment for Storey and for Paralympic sport but the 48-year-old is in a relaxed and cheerful mood. “I’ve always shied away from the word ‘retirement’ because as an athlete you have to plan for the next chapter,” she says. “It certainly isn’t doing nothing and sitting with your feet up. I started planning for what life might look like as soon as I became an international athlete. Continue reading...
Ministers also considering licence requirement and regulator to try to cut bills and increase choice UK vets may have to have a licence and cap prescriptions for pet medicine at £21 under plans being considered by the government. Ministers are also considering establishing a regulator for the veterinary sector, including inspections, a mandatory licensing system and published compliance reports to...
Ministers also considering licence requirement and regulator to try to cut bills and increase choice UK vets may have to have a licence and cap prescriptions for pet medicine at £21 under plans being considered by the government. Ministers are also considering establishing a regulator for the veterinary sector, including inspections, a mandatory licensing system and published compliance reports to improve accountability and choice. Every vet practice could need an official operating licence – similar to GP surgeries and care homes – under proposals in a white paper. Continue reading...
Interim report into Pip found process had systematic and deep-rooted problems and required bold and radical overhaul A landmark government review of disability benefits has warned “challenging discussions” remain on how to overhaul and pay for a system it concludes is unfit for purpose and too often leaves vulnerable claimants dehumanised and degraded. The Timms review of the personal independence...
Interim report into Pip found process had systematic and deep-rooted problems and required bold and radical overhaul A landmark government review of disability benefits has warned “challenging discussions” remain on how to overhaul and pay for a system it concludes is unfit for purpose and too often leaves vulnerable claimants dehumanised and degraded. The Timms review of the personal independence payment (Pip) concluded the benefit, claimed by nearly 4 million people in England and Wales, suffered from systematic and deep-rooted problems that had undermined public trust in the benefits system. Continue reading...
Foreign affairs select committee says Peter Mandelson episode was ‘nothing short of disastrous’ for government Political selections for ambassador posts should be subject to a veto by MPs, a parliamentary committee has recommended, as it made damning criticisms of how Peter Mandelson became Britain’s top diplomat in Washington. The foreign affairs select committee concluded that Mandelson’s appoin...
Foreign affairs select committee says Peter Mandelson episode was ‘nothing short of disastrous’ for government Political selections for ambassador posts should be subject to a veto by MPs, a parliamentary committee has recommended, as it made damning criticisms of how Peter Mandelson became Britain’s top diplomat in Washington. The foreign affairs select committee concluded that Mandelson’s appointment was “nothing short of disastrous”, “highly damaging” for the British government and “painful and offensive to the victims of Jeffrey Epstein”. Continue reading...
Ethics and integrity commission chief says overhaul is crucial to help restore trust in standards All lobbying of government ministers, aides and senior officials should be publicly declared – from WhatsApp chats to party conference meetings – in a fundamental shake-up of transparency laws, the government’s ethics watchdog has said. A review led by Doug Chalmers, the head of the ethics and integri...
Ethics and integrity commission chief says overhaul is crucial to help restore trust in standards All lobbying of government ministers, aides and senior officials should be publicly declared – from WhatsApp chats to party conference meetings – in a fundamental shake-up of transparency laws, the government’s ethics watchdog has said. A review led by Doug Chalmers, the head of the ethics and integrity commission , has called for a new register to highlight who is lobbying, which policies they are seeking to influence and who in government they are meeting. Continue reading...
Bain Capital has sold its entire stake in flash memory chipmaker Kioxia Holdings Corp. , closing a chapter on a deal that’s transformed the Japanese tech and investment landscape. “We don’t have a stake any more in Kioxia,” Bain Managing Partner David Gross said in an interview on Bloomberg Television. The US private equity firm has logged record-setting returns after a global spending spree on AI...
Bain Capital has sold its entire stake in flash memory chipmaker Kioxia Holdings Corp. , closing a chapter on a deal that’s transformed the Japanese tech and investment landscape. “We don’t have a stake any more in Kioxia,” Bain Managing Partner David Gross said in an interview on Bloomberg Television. The US private equity firm has logged record-setting returns after a global spending spree on AI catapulted Kioxia’s shares more than 4,000% since their debut, transforming the chipmaker into one of Japan’s most valuable companies . “It’s worked spectacularly for all the stakeholders involved,” Gross said. Bain’s exit follows months of winding down its position — from about 44% in December to around 14% in mid-June. It also coincides with growing doubts about sky-high valuations around AI. Global semiconductor shares jumped to record levels this year but have hit turbulence on fears about increased competition, possible overcapacity and whether plans for hundreds of billions of dollars in investment will pay off. In 2018, a Bain-led consortium that included SK Hynix Inc. bought the memory operations spun out of Toshiba Corp. for about $18 billion. For years, the operations suffered from one of the worst downturns in memory. But since their listing in 2024, Kioxia’s shares have surged on runaway demand for AI memory chips, making it among the best-performing on the MSCI World Index. Kioxia’s shares are down about 33% from a peak in June, but the company’s comeback will likely remain among private equity’s great success stories. Toshiba sold the chip business to help repair a balance sheet hammered by losses from a push into nuclear energy and a prolonged accounting scandal. The deal freed Kioxia from its parent’s struggles and allowed it to invest in production capacity and technologies when it needed to, paving the way for Japan to participate in the ongoing global AI race, Gross said. “This was a crown jewel, one of the top technology-driven companies and conglomerat...
The owners of luxury hotel brand The Peninsula and logistics firm SF Holding have gained approval from Hong Kong’s insurance regulator to set up captive insurers, marking the latest step in the city’s drive to develop into a risk management centre. Hong Kong’s Insurance Authority (IA) said on Wednesday that it had granted a licence to HSH Captive, established by The Hongkong and Shanghai Hotels, w...
The owners of luxury hotel brand The Peninsula and logistics firm SF Holding have gained approval from Hong Kong’s insurance regulator to set up captive insurers, marking the latest step in the city’s drive to develop into a risk management centre. Hong Kong’s Insurance Authority (IA) said on Wednesday that it had granted a licence to HSH Captive, established by The Hongkong and Shanghai Hotels, which owns the Peninsula hotel chain and the popular Peak Tram tourist attraction. It also granted a...
Apple Inc. supplier Luxshare Precision Industry Co. is set to begin trading in Hong Kong on Thursday after raising HK$24.3 billion ($3.1 billion) in the city’s biggest listing this year so far. The Shenzhen-based company, which assembles products such as iPhones and AirPods, sold 383.5 million shares at HK$63.28 each, the top end of the offering range. The offer price represented a 12% discount to...
Apple Inc. supplier Luxshare Precision Industry Co. is set to begin trading in Hong Kong on Thursday after raising HK$24.3 billion ($3.1 billion) in the city’s biggest listing this year so far. The Shenzhen-based company, which assembles products such as iPhones and AirPods, sold 383.5 million shares at HK$63.28 each, the top end of the offering range. The offer price represented a 12% discount to the Wednesday close of its Shenzhen-listed shares. The shares fell as much as 12% in gray-market trading before the debut. Cornerstone investors, which get a guaranteed allocation in exchange for holding shares for at least six months, have agreed to buy $1.5 billion worth of Luxshare stock. They include Singapore’s Temasek Holdings Pte and GIC Pte , Hillhouse Investment , Millennium Management and Tencent Holdings Ltd. Hong Kong equity fundraising has been booming this year, driven by a wave of Chinese technology companies selling shares. First-time offerings have raised more than $30 billion so far in 2026, nearing the 2025 total of $36.8 billion, which was a four-year high, data compiled by Bloomberg show. The Luxshare deal surpassed Victory Giant Technology’s $2.9 billion debut in April to notch the top spot in Hong Kong for the year so far. In a sign of the frenzied pace of dealmaking, five other companies also debuted on Thursday, including mainland-listed tech firms Chaozhou Three-Circle Group Co. and Guangdong Dtech Technology Co . Read more: IPhone Maker Luxshare Leads $6 Billion Stampede for HK Listings Founded in 2004, Luxshare made components for consumer electronics before expanding into automotive electronics and communication and data centers. The company is now seeking opportunities in industries like AI devices, 3D printing, the low-altitude economy and robotics. Its automotive electronics business has become an increasingly important growth driver, with revenue contribution rising to 11.8% in 2025 from 3.9% in 2023. “Luxshare’s consumer electronics busine...
Five years into China’s real estate slump, homebuyers are finally starting to return. The catch for developers: they’re avoiding shiny, new apartments and concentrating on small, old ones. Buyers in major cities are putting their money into flats that were largely built during a Soviet Union-inspired construction drive in the 1970s and 1980s. Known as laopoxiao — which translates as old, shabby an...
Five years into China’s real estate slump, homebuyers are finally starting to return. The catch for developers: they’re avoiding shiny, new apartments and concentrating on small, old ones. Buyers in major cities are putting their money into flats that were largely built during a Soviet Union-inspired construction drive in the 1970s and 1980s. Known as laopoxiao — which translates as old, shabby and small — they tend to suffer from poor insulation and outdated plumbing. Buyers are overlooking such flaws because the apartments are often located in attractive areas with good schools, public transportation and other amenities. That’s sent values of small homes higher, at least in some cities. The average price of Shanghai apartments smaller than 70 square meters (753 square feet) climbed 2.4% from a November low through the end of April, defying a nationwide decline in the wider market, according to research firm Proptech Innovations. The hyper-focus on small, aging homes suggests a broader recovery in China’s property market is still a long way off, despite rising optimism among Wall Street banks. But it’s also in line with Beijing’s efforts to encourage ordinary Chinese to use more of their money for consumption and investment, rather than rushing into property speculation. “At first glance, it might feel like you’re living in a prison cell,” said Jason Lu, a landlord who owns a four-decade old flat in a Shanghai housing estate that has iron bars on the windows. Wall Street Dares to Ask If China’s Property Turnaround Is Close Veteran UBS Analyst Says AI Is Helping End China Property Slump China’s Banks Get Creative to Stem Spate of Underwater Mortgages His pitch to potential renters is to look at the surrounding area. Within 200 meters, they can enjoy riverside views, a tennis court and access to the Lujiazui business district, he said. A subway station is also planned for the area. Lu, 44, purchased the 32 square-meter property for around $290,000 in March, and spent...
Explore the exciting world of Visa (NYSE: V) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of May 20, 2026. The video was published on Jul. 8, 2026. Continue reading
Explore the exciting world of Visa (NYSE: V) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of May 20, 2026. The video was published on Jul. 8, 2026. Continue reading
Thomas Barwick/DigitalVision via Getty Images The Teucrium Wheat Fund ETF ( WEAT ) is a low-cost futures exchange-traded fund designed to provide investors with exposure to the price of wheat futures. Rather than investing in a diversified commodity index as with most commodity-based ETFs, WEAT offers single-commodity exposure for those seeking direct exposure to the price changes of wheat, whethe...
Thomas Barwick/DigitalVision via Getty Images The Teucrium Wheat Fund ETF ( WEAT ) is a low-cost futures exchange-traded fund designed to provide investors with exposure to the price of wheat futures. Rather than investing in a diversified commodity index as with most commodity-based ETFs, WEAT offers single-commodity exposure for those seeking direct exposure to the price changes of wheat, whether as a speculative trade or as an investment hedge. Given that WEAT is a passively managed strategy, investors should not expect excess returns beyond the price changes in wheat futures. About Teucrium Wheat Fund ETF WEAT was launched by Teucrium on September 19, 2011 on the NYSE Arca Exchange. The strategy has a moderate net expense ratio of 62 bps, on par with peer commodity ETF strategies. WEAT exhibits narrow liquidity with $292 million in net assets with an average of $18 million in share value changing hands on a daily basis, at the time of writing. Seeking Alpha WEAT was designed to track the Teucrium Wheat Index [TWEAT], which is the measurement of the weighted average of the combination of 3 staggered futures contracts for wheat. WEAT will invest 100% of the funds into the futures contracts that make up TWEAT and will not apply leverage to the fund. WEAT is considered an indirect investment in wheat as a commodity given that the holdings are futures derivatives. The portfolio is made up of 3 distinct sleeves: short-, medium-, and long-term exposure. The fund will gain this exposure by generally investing roughly 35% in both short- and long-term futures contracts and 30% in medium-term futures contracts. In accordance with WEAT’s current holdings, short-term exposure may range from 2 to 3 months to expiration, medium-term exposure is 6 months to expiration, and long-term exposure is 1.5 years out. In addition to wheat futures contracts, WEAT may invest in other assets with excess funds, such as investment-grade paper or other interest-bearing assets. For example, WE...
Gold held a decline as a second day of US strikes against Iran drove energy prices higher and intensified concerns around inflation. Bullion was near $4,080 an ounce in early trading, after falling for three days. The latest US attacks came hours after President Donald Trump said he thought a ceasefire with Iran was “over.” Oil prices surged , with Washington having earlier revoked a waiver that h...
Gold held a decline as a second day of US strikes against Iran drove energy prices higher and intensified concerns around inflation. Bullion was near $4,080 an ounce in early trading, after falling for three days. The latest US attacks came hours after President Donald Trump said he thought a ceasefire with Iran was “over.” Oil prices surged , with Washington having earlier revoked a waiver that had allowed Tehran to sell crude globally. Read More: US Military Launches Strikes on Iran for Second Straight Day For gold traders, the escalation of fighting in the Middle East raises concerns that the Federal Reserve may need to keep interest rates higher for longer to combat stubborn inflation. Minutes of the Fed’s June meeting released Wednesday showed a few policymakers saw a case for an increase, though they ultimately backed the decision to keep them steady. More generally, the minutes reflected growing concern among US central bank officials over inflation, just as worries about the labor market receded slightly. Higher borrowing costs are typically a headwind for gold, which doesn’t pay interest. Read More: Fed Minutes Show ‘a Few’ Officials Saw Case for June Hike Gold is down by more than a fifth since the Iran war started in late February, with a wave of profit-taking bringing a three-year bull run to an end, and recently pushing the metal below $4,000. There’s little evidence yet, however, that investors are putting on large-scale short positions in anticipation of further declines. Spot gold was little changed at $4,078.66 an ounce at 6:50 a.m. in Singapore. Silver rose 0.3% to $58.45 an ounce. Platinum and palladium inched higher, while the Bloomberg Dollar Spot Index , a gauge of the US currency, rose 0.1% after ending the previous session marginally down.
DuPont Registry Group , a luxury car marketplace and media company, has picked banks for a US initial public offering, according to people familiar with the matter. The company is working with Morgan Stanley , Barclays Plc , Jefferies Financial Group Inc. and Royal Bank of Canada on the IPO, which could happen as soon as this year, the people said, asking not to be identified as the matter is priv...
DuPont Registry Group , a luxury car marketplace and media company, has picked banks for a US initial public offering, according to people familiar with the matter. The company is working with Morgan Stanley , Barclays Plc , Jefferies Financial Group Inc. and Royal Bank of Canada on the IPO, which could happen as soon as this year, the people said, asking not to be identified as the matter is private. The first-time share sale could raise a few hundred million dollars, some of the people said. DuPont Registry Group, which connects buyers and sellers of supercars, is also in discussions with investors on potential private funding, the people said. Francois Perrodo , president of Perenco and an avid race car driver and influential collector, made a strategic investment in Dupont in October at a valuation that reached “unicorn status,” the company said in a statement at the time. Deliberations are ongoing and details could change, the people said. Representatives for DuPont Registry Group, Jefferies and RBC didn’t immediately respond to requests for comment. Spokespeople for Morgan Stanley and Barclays declined to comment. An offering could bolster what’s been a stop-and-start market for companies exposed to consumers amid an IPO boom, which has resulted in the best half-year ever for US listings, data compiled by Bloomberg show. Blackstone Inc. -backed Jersey Mike’s Subs Inc. and gas-station and convenience-store operator Cumberland Farms Ltd. filed for IPOs last week. Reformation Inc. , a sustainable womenswear brand that’s backed by private equity firm Permira, made its filing public at the end of June. DuPont Registry Group’s brands include DuPont Registry, Canossa Events, Cavallino, Supercar Owners Circle, Petrolicious, and Sotheby’s Motorsport, according to its website .
Washington criticised China on Wednesday for providing only a few hours’ notice ahead of its launch of a submarine-fired ballistic missile into the Pacific, saying Beijing’s actions fell short of standards followed by other major nuclear powers. The US State Department said China failed to provide sufficient information ahead of Sunday’s test, which it said took place amid Beijing’s “rapid and opa...
Washington criticised China on Wednesday for providing only a few hours’ notice ahead of its launch of a submarine-fired ballistic missile into the Pacific, saying Beijing’s actions fell short of standards followed by other major nuclear powers. The US State Department said China failed to provide sufficient information ahead of Sunday’s test, which it said took place amid Beijing’s “rapid and opaque nuclear weapons build-up”. “We monitored China’s submarine-launched ballistic missile test on...