Travel can't come back soon enough | So lira, yet so far-a | Hey {NAME}, youâre on the free edition of Finimize.
[Upgrade to Premium](: no ads, a third story every day, free events, and loads more on our mobile app. [Start for free here]( SPONSORED BY Hi {NAME}, here's what you need to know for March 23rd in 3:11 minutes. ð Weâre looking for leaders to join our [2021 events program]( and host conversations around the biggest investing trends. Itâs your chance to grow your network, get featured in front of our global audience, and gain valuable experience in producing live events. [Apply here]( Today's big stories - Oil giant Saudi Aramco kept its promise to pay out $75 billion worth of dividends despite a plunge in profits
- There might be a better way to buy into Volkswagen if you think it'll overtake Tesla â [Read Now](/you-might-have-been-buying-wrong-volkswagen-stock\?email-id=1327f1a06f056f5f9a0db6a3e33f6587cb7a9e3d4e3661d6361c44&name={NAME}&title=There%20might%20be%20a%20better%20way%20to%20buy%20into%20Volkswagen%20if%20you%20think%20it%27ll%20overtake%20Tesla&utm_campaign=daily-global-23-03-2021&utm_source=email&utm_medium=Daily%20Global%20Edition%20Users)
- The Turkish lira fell to a near-record low after the head of the countryâs central bank was fired Slippery Customer [Slippery Customer] Whatâs Going On Here? Saudi Aramco â the worldâs biggest oil company â [reported]( a massive drop in profit for 2020 on Monday, as it continues to grapple with a problem hiding in plain sight. What Does This Mean? Just like its international [rivals](, Aramco had a hard time in 2020 when demand for and the price of oil went into freefall. Little wonder, then, that its profit for the year plunged 44% compared to the year before. Still, at least the oil giant has kept its word: Aramco announced itâll pay investors $75 billion in dividends just like it promised it would, and even borrowed money to make sure it could afford it. That might be because the companyâs feeling upbeat about the future: it reckons oil production levels will be back to normal by the end of the year. Why Should I Care? For markets: The pick of the oil titans?
Aramcoâs bottom line is actually a lot more resilient than the average oil companyâs: it has less debt than its rivals, as well as the lowest production cost for a barrel of oil ([tweet this](). And since 98% of its shares are owned by Saudi Arabia, it hasnât fallen victim to the same wild price swings either: its home country doesnât buy and sell the stock, but instead just fills its coffers with its dividends. That steady income is a big draw for other investors too â as long as they can get past the country's environmental, social, and governance [issues](. The bigger picture: Everyone guesses.
For all Aramcoâs optimistism, a travel rebound isnât a sure thing. In fact, investors sold off shares in European airlines and other travel companies on Monday, amid fears that rising coronavirus cases across the continent will [end]( vacation season before itâs even begun. And to think, it was only [last week]( that they were sending those stocks to all-time highs in hopes theyâd benefit most from the economic recovery⦠You might also like: [Why you would want to invest in oil companies.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Slippery Customer&utm_campaign=daily-global-23-03-2021&utm_source=email) 2. Analyst Take There Might Be A Better Way To Invest In Volkswagen /you-might-have-been-buying-wrong-volkswagen-stock\?email-id=1327f1a06f056f5f9a0db6a3e33f6587cb7a9e3d4e3661d6361c44&name={NAME}&utm_campaign=daily-global-23-03-2021&utm_source=email&utm_medium=Daily%20Global%20Edition%20Users Whatâs Going On Here? Volkswagen made headlines last week when it doubled down on its shift towards electric vehicles in a bid to [dethrone market-leader Tesla](. And investors, for their part, seemed pretty optimistic about its chances, sending the carmakerâs shares to their [highest level since 2015](. But thereâs actually more than one way to buy VWâs stock, and only [one type of share]( has seen those gains. See, Volkswagen offers [âordinaryâ shares and âpreferredâ shares](, and their prices have diverged recently: the latter gained about 15%, compared to the formerâs 30%. That divergence might be down to the fact that people donât know thereâs a difference. But if you do, youâll be able to [capitalize when the gap between them closes](. So thatâs what weâre taking a closer look at in todayâs insight. [Read or listen to the Insight here]( SPONSORED BY INVESTENGINE Get £50 to start your portfolio Thereâs nothing like a helping hand to kickstart your investments. And with [InvestEngine](, thatâs just what youâll get: a [£50 welcome bonus]( when you sign up to one of their managed portfolios. InvestEngineâs portfolios are globally diversified and expertly managed. Easy to set up with no up-front fees, you can even transfer your existing ISA for free. All you need to do is fill in their questionnaire to see the portfolio they suggest for you. Give InvestEngine a go today, with a [£50 welcome bonus]( to start you off. [Get Started]( Disclaimer: Capital at risk. Welcome Bonus terms and conditions apply, subject to minimum investment. Investengine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority FRN [801128]. [Turn off adverts]( Hold Me Tender [Hold Me Tender] Whatâs Going On Here? The Turkish lira [plunged]( to a near-record low on Monday after the government fired the chief of the countryâs central bank over the weekend. What Does This Mean? The prices of goods and services have been rising rapidly in Turkey for a while now, with the countryâs latest [inflation]( rate sitting just above 15%. To fix that, the central bankâs chief has been hiking [interest rates]( in an effort to discourage spending and cool off the countryâs overheated economy. And even though that thinking is in line with almost all modern economic theories, the government disagrees: it says higher interest rates will actually lead to higher inflation. So after another bigger-than-expected rate hike on Thursday, the Turkish government finally decided enough was enough: it replaced the central bankâs chief for the third time since 2019. Why Should I Care? For markets: This crash will be felt across Europe.
Any confidence investors mightâve had in Turkey is all but gone: theyâve been selling off the countryâs [bonds]( and stocks, and they sent the lira down 15% versus the US dollar. In fact, investors seem to think another currency crisis â like the one in [2018](, when the lira fell 34% against the dollar â could be on the cards. And Turkeyâs not the only one feeling edgy: European banks like BBVA, UniCredit, and BNP Paribas might struggle to get repaid by their Turkish clients, and investors sent their stocks down by as much as 6%. The bigger picture: Will emerging markets follow?
Turkey is considered an [emerging market]( (EM), and what affects one often affects them all. That might be why other EM currencies [fell]( in value during Turkeyâs 2018 currency crisis, and why there are concerns that history will repeat itself now. But thatâs not necessarily likely: 2018âs crisis was at least in part down to globally significant US sanctions, while this time the governmentâs actions were â *looks up technical term* â nuts. You might also like: [Why central bank decisions are so central to your investments.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Hold Me Tender&utm_campaign=daily-global-23-03-2021&utm_source=email) ð¬ Quote of the day âThere is nothing so useless as doing efficiently that which should not be done at all.â â Peter Drucker (an Austrian consultant, educator, and author) [Tweet this]( SPONSORED BY INVESTENGINE Put your business cash to work With interest rates close to zero, your business cash could do with [a boost](. InvestEngineâs innovative business account offers something different: an account that invests your companyâs cash reserves, giving you the chance for [much better returns](. And right now, InvestEngine are offering [a £50 welcome bonus]( when you sign up to one of their managed portfolios. Whether youâre looking for growth or income, theyâll build a portfolio [aligned to your risk profile](. The income portfolios [offer yields of up to 4.6% a year](,* and whatever you choose, [youâll pay just 0.25% for full investment management](. You can access your funds at any point too. See what [InvestEngineâs Business Account]( could do for you today. [Find Out More]( Disclaimer: Capital at risk. ETF costs apply. Welcome bonus terms and conditions apply, subject to minimum investment. *Estimated & variable yield as at 28.02.21. Investengine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority FRN [801128]. [Turn off adverts]( ð What we're reading - 24/7 vet support, $3k emergency fund, multi-pet protection ([Pawp]()*
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