Li Ka-shing cedes a sprawling empire to his son

Li Ka-shing cedes a sprawling empire to his son

“TOO long” was how Li Ka-shing, known fondly by locals as chiu yan (Superman) for his business nous, described his working life when he announced on March 16th that he would be retiring in May. Asia’s pre-eminent dealmaker has been around for longer than his fictional namesake, scoring and selling assets in ports, telecoms, retail […]

Trump edges closer to China tariffs, appears to avert trade war

WASHINGTON (Reuters) – U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $ 60 billion of imports from China, although his action was far removed from threats that could have ignited a global trade war. Under the terms of the memorandum, Trump will target the Chinese imports […]

Beware of performance figures

Beware of performance figures

GOLFERS are familiar with the concept of a “mulligan”—the chance to retake a shot. Give an averagely talented player enough mulligans and he or she will get one close to the hole. And a version of the mulligan exists in fund management too. Readers will be familiar from past blog posts with the idea that […]

Cambridge Analytica CEO claims influence on U.S. election, Facebook faces questions

LONDON/SAN FRANCISCO (Reuters) – The suspended chief executive of Cambridge Analytica said in a secretly recorded video broadcast on Tuesday that his UK-based political consultancy’s online campaign played a decisive role in U.S. President Donald Trump’s 2016 election victory. His comments, which could not be verified, are potentially a further problem for Facebook Inc as […]

Airlines in America are in a race to improve their meals

Airlines in America are in a race to improve their meals

IN THE 1950s—when the International Air Transport Association (IATA), a cartel of airlines, used to set fare levels and service quality on international routes—there were few differences between major carriers. One way to persuade passengers to choose one airline over another was to offer better meals as entertainment on board. And so an arms race […]

Top executive resigns from Cohen's Point72 after lawsuit, fundraising

(Reuters) – Douglas Haynes has resigned as president of Point72 Asset Management LP, a spokeswoman for billionaire Steven Cohen’s investment firm said on Sunday, as the company and Haynes face a lawsuit claiming women are subject to a hostile working environment. FILE PHOTO: Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks at the […]

Renault-Nissan-Mitsubishi has become the world’s biggest carmaker

Renault-Nissan-Mitsubishi has become the world’s biggest carmaker

RENAULT unveiled the EZ-GO, a concept for a robotaxi, at the Geneva motor show, which opened on March 5th. Nissan, in conjunction with DeNA, a Japanese software firm, recently began trials of driverless taxis in Japan. The two companies are pursuing their own paths towards the future of mobility. Yet both are bound together in […]

Wall Street advances on strong industrial data but posts weekly losses

NEW YORK (Reuters) – The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers, though all three of Wall Street’s major indexes posted losses for the week. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. […]

White House seeks to make personal income tax cut permanent

WASHINGTON (Reuters) – The Trump administration and Republicans in Congress are seeking to make temporary personal income tax cuts passed last year permanent, White House spokesman Raj Shah said on Thursday, adding they could also lower capital gains tax rates. U.S. President Donald Trump sits at his desk as reporters exit after he signed sweeping […]

United Airlines kills another pet

United Airlines kills another pet

GULLIVER recently wrote about a pet that suffered a grizzly end after it was not permitted to fly. Spirit Airlines refused to allow a hamster on board as an emotional-support animal and it ended up being flushed down an airport toilet. But sometimes it is more dangerous for an animal to be permitted to ascend […]

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