GM will wind down operations in Australia by 2021 and Thailand this year. The move will impact earnings results, but save GM money in the long-term. …read more […]
The yearly results for Roku, Inc. (NASDAQ:ROKU) were released last week, making it a good time to revisit its… …read more […]
(Bloomberg) — Just a month ago, global funds couldn’t wait to dump India’s sovereign bonds. Now, they’re rushing back at the fastest pace in more than two years.Foreigners bought 136.7 billion rupees ($1.9 billion) of the debt in the first two weeks of February, set for the highest monthly inflow since June 2017, according to data compiled by Bloomberg. They sold 106.6 billion rupees last month.The sudden switch is a testimony to the unprecedented changes introduced by policy makers. In an attempt to fund record borrowings, Prime Minister Modi Narendra is lifting foreign investment limits on some bonds, while the …read more […]
Feb.17 — Bill Dinning, chief investment officer at Waverton Investment Management, discusses his take on European earnings season. He speaks on “Bloomberg Markets: European Open.” …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Elon Musk’s first electric car plant in Europe is facing legal delays that could set the project back by several months after a court said clearing a forest near Berlin for the Tesla Inc. factory must stop immediately while it considers a challenge by environmentalists.The Berlin-Brandenburg higher administrative court issued a temporary injunction against further logging, overturning a lower court ruling that had rejected a request by environmental group Gruene Liga Brandenburg. The group is seeking to prevent Tesla from clearing more …read more […]
(Bloomberg) — Last March, months before the meltdown at WeWork, Masayoshi Son worked through the prospects for another one of his favorite portfolio companies — a startup from India called Oyo. In a spacious conference hall at his Tokyo headquarters, the Japanese billionaire huddled with lieutenants from the startup and his own SoftBank Group Corp. to brainstorm strategy. He figured Oyo had the potential to disrupt both the staid hotel business and short-term apartment rentals in Japan, according to people in the room.One bullet point scribbled on a floor-to-ceiling whiteboard, in particular, caught Son’s eye: a target of one million …read more […]
NMC, the United Arab Emirates’ largest private healthcare company, has been thrown into turmoil in the past month by doubts over its finances and the reporting of shareholdings of some its main owners including Shetty. Indian billionaire Shetty had already said last week he was “stepping back” from board duties after he informed NMC of a potentially inaccurate reporting of his holdings and began a legal review. …read more […]
(Bloomberg) — Thailand’s biggest manager of distressed assets has become the world’s top performer among peers this year partly because the novel coronavirus outbreak is wreaking havoc on the nation’s economy.Shares of Bangkok Commercial Asset Management Pcl — known as BAM — have surged 74% this year, and the firm has delivered the highest total return in the period among asset management companies with a market value of at least $1 billion, according to data compiled by Bloomberg. The stock has almost doubled since its listing in December, when the Bank of Thailand more than halved its stake.Investors are betting …read more […]
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