Decoupling from the Chinese market will cost jobs in Germany, the country’s Finance Minister Christian Lindner warned on Sunday. Europe’s biggest economy will need to reduce its dependence on China gradually, he added. Germany is working on a new...
Ken Griffin’s U.S. hedge fund Citadel made $16 billion in profit after fees last year – the largest annual gain ever made by a hedge fund manager, an investor has estimated. In a report published on Monday by fund of...
Elliott Management has built a multibillion-dollar position in Salesforce, as another big activist investor joins the shareholder roster of a software group facing calls to cut costs and improve its stock price. The New York-based firm joins fellow activist Starboard...
A day after the owner of Uniqlo clothing brand stunned the nation with a plan to raise wages in Japan by up to 40 per cent, its chief financial officer told investors the pay hike was not a one off....
Recently I had a conversation with Sue, an acquaintance who started receiving her Social Security benefit at age 62. Sue’s now 63, and she told me that she thinks she might have made a mistake. The problem is that she has realized that...
Investors poured $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, following China’s move to ease its Covid restrictions. The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining...
The Year of the Rabbit upon us. The Lunar New Year falls on Sunday, with many Asian communities celebrating the advent of spring and the beginning of a new year on the lunar calendar. It’s the most important holiday in...
Elon Musk disputed that his frequent Twitter posts necessarily moved Tesla’s stock price, as he began testifying on Friday in a trial over whether his 2018 “funding secured” tweet illegally manipulated the electric-car maker’s value.Wearing a dark suit and tie,...
Governor John Bel Edwards joined ExxonMobil officials to celebrate the commencement of operations for the Polypropylene Growth Project (PPG Project), a new production unit that broke ground in 2019. The investment of more than $500 million creates 65 new direct...
Asia’s emerging markets saw a $12.7 billion boost in the first three days of this week with investors encouraged by China’s rollback of its Covid-19 curbs. Beijing’s sudden dropping of its economically painful restrictions, which have hamstrung its economy...
