Asian stocks turned sharply lower Thursday, with Chinese markets slipping on concerns a key economic release may force higher interest rates, while Japan’s Nikkei Average tumbled more than 420 points as … via MarketWatch

Original post by MarketWatch

One of the UK’s largest networks of independent financial advisers has been fined 330,000 for mishandling precipice bond complaints.

Sesame was found to have incorrectly rejected claims from about 350 customers who lost almost 6 million after investing in Structured Capital At Risk Products (Scarps).

Scarps - so-called precipice bonds - give a fixed level of income over a set period, but provide no, or only limited, protection against loss of the original capital invested.

As a result, investors who took them out in the late 1990s were hit hard by the stock market crash in the early 2000s, with many losing their initial investment as a result. Read more

Original post by The Press Association

The company’s shares edged higher in premarket trade even as the broader market declined. via Business.scotsman.com

Original post by Business.scotsman.com

Computer disk-drive stocks staggered into the red Wednesday, as a weak earnings report and outlook from Seagate Technology led to losses across the sector. via MarketWatch

Original post by MarketWatch

BANGKOK, Thailand: Four Asian nations hit hard by the 1997-98 financial crisis face renewed vulnerability to sudden capital outflows that could cause a currency crisis, the United Nations said in a report … via International Herald Tribune

Original post by International Herald Tribune

Shares of Netflix were down sharply Wednesday afternoon on concerns that Blockbuster was stealing market share away with its own online service. via Forbes.com

Original post by Forbes.com