U.S. fund managers expect value stocks to jump in 2018

NEW YORK (Reuters) – Value stocks are getting a once-over from some U.S. growth fund managers in early 2018 as they prowl for overlooked shares they think have more upside in a market that gained nearly 20 percent last year. Value stocks, so labeled because they typically sport lower price-to-earnings valuations, tend to be in […]

China’s Ant Financial is obliged to abandon an American acquisition

China’s Ant Financial is obliged to abandon an American acquisition

It didn’t mean jack “THE geopolitical environment has changed considerably since…a year ago.” That was the explanation given this week by Alex Holmes, chief executive of MoneyGram International, a Dallas-based American money-transfer firm, for Ant Financial abandoning its $ 1.2bn deal to buy his firm. Ant, the online-payments affiliate of Alibaba Group, a Chinese e-commerce […]

South Korea’s antitrust tsar has a good shot at taming the chaebol

South Korea’s antitrust tsar has a good shot at taming the chaebol

AS KIM SANG-JO was preparing last May to make the switch from snappy shareholder activist to a regulatory role as South Korea’s fair-trade commissioner, he had a simple message for the country’s big conglomerates: “Please do not break the law.” Not one to make bosses quake in their brogues, exactly. And yet the chaebol, as […]

Bargain Bin: ETFs for value hunters

NEW YORK (Reuters) – Think of the stock market right now as a high-school cafeteria. The most popular kids in school are growth investors, high-fiving and riding a multi-year bull run. Meanwhile, the geeky kids off to the side, eating lunch by themselves, are the value investors. But those geeks often end up on top […]

America’s Department of Commerce imposes a tariff of 292% on Bombardier’s C-Series jets

America’s Department of Commerce imposes a tariff of 292% on Bombardier’s C-Series jets

Flying away from Boeing A YEAR ago Dennis Muilenburg, the chief executive of Boeing, the American aerospace giant, had a problem. Tweets written by Donald Trump, America’s newly elected president, were hitting Boeing’s share price. Initially buoyed by Mr Trump’s promise of extra spending on defence, the firm’s share price fell in December 2016 when […]

As U.S. budget fight looms, Republicans flip their fiscal script

WASHINGTON (Reuters) – The head of a conservative Republican faction in the U.S. Congress, who voted this month for a huge expansion of the national debt to pay for tax cuts, called himself a “fiscal conservative” on Sunday and urged budget restraint in 2018. In keeping with a sharp pivot under way among Republicans, U.S. […]

Financier Tilton defeats lawsuit by Zohar funds she founded

NEW YORK (Reuters) – Lynn Tilton, the colorful New York financier recently cleared of wrongdoing in a U.S. Securities & Exchange Commission fraud case, won another legal victory on Friday as a federal judge dismissed a racketeering lawsuit by the Zohar investment funds she once managed. U.S. District Judge William Pauley in Manhattan said the […]

Citigroup follows Morgan Stanley, UBS, quits recruiting pact: bank

NEW YORK (Reuters) – Citigroup Inc became the latest firm on Friday to say it would quit a 14-year-old agreement reached among Wall Street’s biggest securities brokerages to not sue each other when a broker switches firms. Morgan Stanley and UBS Group AG’s Wealth Management Americas discontinued the agreement, called the “broker protocol,” earlier this […]

Wall Street quiet on last trading day of a strong year

NEW YORK (Reuters) – There were no fireworks on Wall Street for the last trading day of the year, as U.S. stocks closed out their best year since 2013 on a down note, with losses in technology and financial stocks keeping equities in negative territory for the session. Major indexes hit a series of record […]

Noosa founder Koel Thomae found her dream in a spoon of yogurt

NEW YORK (Reuters) – It took just a spoonful of a simple tub of yogurt with passion fruit puree on a trip home to her native Australia to nudge Koel Thomae into a new career. Thomae, who had worked in various food companies such as IZZE Beverage Company, had no dairy experience before founding her […]