The new rivalry on Wall Street
Competition is growing between banks and proprietary trading firms
Economic news
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Gold’s run isn’t yet done
Fiscal burdens, sovereign buying and positive bond-equity correlation continue to support the precious metal
KPMG warned Guggenheim unit over deficiencies in internal controls
Big Four auditor flagged up flaws in how private investment division accounted for revenue
South Korea’s semiconductor exports just tripled year-over-year. Is it too much of a good thing?
If growth were to slow in the semiconductor sector, would the slowdown take the Korean economy with it?
Chevron to double Venezuela oil production with $7bn pledge
US major commits to expand its joint ventures as White House pushes for huge increase in production in the country
Burnham seeks to reassure bond markets amid public spending fears
Tory leader Kemi Badenoch accuses Labour leader of being unable to refuse spending requests in first Prime Minister’s Questions