July 03 – 07 July
So, who won: Mahathir Mohamad or George Soros? The venomous argument between the Malaysian leader and the US fund manager during the Asian financial crisis 20 years ago symbolised the fury of those times. It also dramatised the perennial question of how open emerging economies should be to the trillions of dollars in global speculative capital.
Gogoboi spent a month wearing outfits matching Pokémon characters. Yao Chen — China’s answer to Angelina Jolie — hangs out with refugees. Papi Jiang swears way too much.
Abraaj Group, an emerging markets focused fund group, has agreed to buy African coffee chain Java House from private equity rival Emerging Capital Partners and Kevin Ashley, the Nairobi-based company’s executive chairman.
Turkey’s inflation rate took another welcome tumble in June, falling to its lowest level in four months, and easing pressure on the country’s central bank to control price growth.
Investors are closely scrutinising the latest sale of bonds backed by car loans in the UK, after the Bank of England flagged concerns over rising levels of consumer credit.
Canada’s currency climbed against the US dollar on Tuesday after the country’s central bank head reiterated the hawkish comments that he made last week.
When Arianna Huffington was invited to join the board of Uber, she and then chief executive Travis Kalanick talked for more than four hours — and she cooked him an omelette.
While global private equity groups have been raising record amounts of capital in the last few years some buyout houses have been struggling to attract interest as investors have become more particular about where they park their cash.
Spain’s service sector is in its strongest state in almost two years, judging from the latest survey of purchasing managers in the business. The index jumped to 58.3 in June, the latest figures from IHS Markit show, up by a point from May’s reading and defying expectations for a dip.
Japan’s yen has strengthened past the ¥113 per dollar mark after South Korean and US armed forces held a joint drill in response to the launch by North Korea on Tuesday of its first intercontinental ballistic missile.
Each of the 130,000 members of the £15bn British Steel pension scheme will soon have to make a huge financial decision.
They have been used to shoot weddings, Hollywood movies and terrorists. But now drones, and their makers, are navigating a third path between hobbyists and warfare into the industrial world, threatening a shake-up of the burgeoning $6bn industry.
Canaccord Genuity has struck a deal to buy investment manager Hargreave Hale in a move that bolsters the global financial services company’s wealth management offering.
Prices in Switzerland unexpectedly dropped in June after four months of rises, as a strong franc continues to limit inflation.
Swiss Re, one of Europe’s biggest insurers, is to move its entire $130bn investment portfolio to new, ethically-based benchmark indices.
Snaking across the forests, swamps and permafrost of eastern Siberia, Gazprom’s 3,000km-long pipeline is inching its way to the Chinese border to seal a $400bn gas pact that will bind together the world’s largest energy exporter and consumer.
Production levels in France’s industrial sector rebounded strongly as the country elected its youngest every president in May.
In New Delhi’s searing summer heat, 67-year-old Ashma Bhagat pours with sweat as she enters her fourth shop of the afternoon looking for bread buns. She emerges empty-handed: “Everyone’s decided to run out of buns today.”
SoundCloud, the Germany-based music streaming service, has cut about 40 per cent of its workforce and closed half of its offices, amid concerns it is running out of cash.
Asian equities followed Wall Street lower on Friday as the global bond rout continued. Australia’s S&P/ASX 200 was down 1.3 per cent as the financial sector was off 1.5 per cent. Coca Cola Amatil was the worst performer on the index, falling as much as 6.5 per cent as analysts assessed the impact of Domino’s Pizza Enterprises’ decision announced yesterday to instead partner with Schweppes Australia for its drinks.