Bloomberg The booming demand for hot exchange-traded funds (ETF) has finally caught up with the staid, sleepy insurance industry. US insurers are the latest group of investors to start buying ETFs en masse, with one of the fastest adoption rates among institutions. And they’re not done yet, according to JPMorgan Chase & Co.’s Mark Snyder, who helps oversee funds ...

  Bloomberg Mario Draghi said the recovery in the 19-nation euro area isn’t yet strong enough to deliver sustained reflation, and current monetary support will be a “key ingredient” for the economic outlook in coming years. “We do not yet see a consistent strengthening of underlying price dynamics,” the European Central Bank president said in a speech in Frankfurt on ...

  New Delhi / AFP From deploying ‘cash coolies’ to buying Rolex watches, Indians have found unique ways to dodge the government’s surprise move to withdraw high value bills in a bid to tackle widespread corruption and tax evasion. Cash Coolies There have been multiple reports of factory owners and businessmen asking staff — or even hiring casual labourers — ...

  Bloomberg Investing in emerging markets will be trickier in 2017, says Goldman Sachs Group Inc. The New York-based bank laid out its expectations for developing nations in a report. Below are some of the highlights. Downside risks have increased after Donald Trump won the U.S presidential election, which means a rally in local-currency bonds so far this year is ...

  Bloomberg Credit Suisse Group AG’s Swiss unit began life as a legally independent company, enabling the bank to pursue plans to sell part of the business in a public offering next year. In carving out a separate entity, Credit Suisse also fulfills a regulatory requirement to make banks easier to break up in a crisis or insolvency. Credit Suisse ...

  AP Virtual reality, what’s up with that? If you are curious about this highly buzzed high-tech form of entertainment but don’t feel like plunking down $1,000 or more on sophisticated hardware, just visit one of a slew of amusement-park-type rides popping up around the world. These experiences let you shoot aliens while riding a real-life roller coaster , cook ...

  Reuters Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the U.S. presidential election, is taking a series of steps to weed out hoaxes and other types of false information, chief executive Mark Zuckerberg said in a Facebook post. Facebook has long insisted that it is a technology company ...

  Bloomberg Snow, a Snapchat clone that’s conquering Asia, is now setting its sights beyond the region, betting that it can attract users with stickers that sometimes border on the bizarre. While Snow, based in Bundang, South Korea, mostly replicates Snapchat’s features, there’s something for everyone among its 400 live-motion filters, which include everything from a dancing octopus to Super ...

  CAPE CANAVERAL / AP The most advanced weather satellite ever built rocketed into space Saturday night, part of an $11 billion effort to revolutionize forecasting and save lives. This new GOES-R spacecraft will track U.S. weather as never before: hurricanes, tornadoes, flooding, volcanic ash clouds, wildfires, lightning storms, even solar flares. Indeed, about 50 TV meteorologists from around the ...

  Dakar / AFP Above the sacks of seeds and coal, three kerosene lamps gather dust in the tiny shed that Kenyan chicken farmer Bernard calls home. He prefers to use solar energy to light up his evenings, listen to the radio or watch television, after abandoning a diesel generator he said was expensive to maintain and burned fuel too ...