Topics Archive
Etihad raises stake in Jet Airways
Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd. in a move that will see the Abu Dhabi-based carrier double its stake to 49 per cent. Jet Airways founder Naresh…
India’s e-Scooter revolution
Prime Minister Narendra Modi’s government has set a target of electric vehicles making up 30 per cent of new sales of cars and two-wheelers by 2030 from less than 1 per cent today. Despite incentives…
Pfizer to close two Indian plants
U.S. drugmaker Pfizer Inc said it was shutting down two manufacturing plants in India that make generic injectables like penicillin in response to falling demand. Pfizer is an American pharmaceutical…
Musk unveils new China Gigafactory
After four years of planning, Tesla Inc. finally broke ground on its planned $5 billion factory in the world’s biggest auto market. Tesla, Inc. founded in 2003, is an American multinational…
Qatar Airways buys stake in China Southern Airlines
Qatar Airways has acquired 5 per cent of China Southern Airlines as part of the carrier’s strategy to invest in robust airlines around the world. The acquisition seeks closer cooperation and a long-…
Apple announces decline in sales
Apple has rattled investors with news that its sales have been slowing, blaming economic weakness in China arising from the ongoing trade war. This is the first time in 15 years Apple has to revise…
Carlos Ghosn re- arrested
Carlos Ghosn, former Nissan chief has been rearrested by special investigation squad of Tokyo District Public Prosecutors Office for alleged aggravated breach of trust under the Companies Law. He…
Lion Air and Boeing: a $22 Billion Feud
The crash of a Boeing Co. plane, that killed 189 people in Indonesia, is spiralling into a $22 billion feud between the aircraft maker and one of Asia’s most influential aviation companies. In a rare…
Huawei’s CFO arrested in Canada
Meng Wanzhou, Huawei’s chief financial officer and daughter of the company’s founder was arrested in Canada at the request of US authorities. She faces extradition to the US. The arrest threatens to…
Thomson Reuters to axe 12% of workforce
According the reports, Thomson Reuters is in the process of cutting 3,200 jobs or 12 per cent of its workforce, to scale down costs over the next two years.
Maersk pledges to cut emissions
The world’s largest container shipping company has pledged to cut net carbon emissions to zero by 2050. Maersk’s decision will drastically change an industry that is both the largest transporter and…
Microsoft, the most valuable company
Microsoft briefly reclaimed its title as the world’s most valuable company from its longstanding rival Apple, almost two decades after it sat atop the stock market rankings. Microsoft Corporation is…
Big Four Breakup
After much speculation, the Big Four Accounting firms - Deloitte, KPMG, Ernst and Young, and Pricewaterhouse Coopers – are finally being investigated for anti-competitive practices. Despite ardent…
Singapore Fines Uber and Grab
Uber and Grab reached an agreement to allow Uber’s share of Southeast Asia to be acquired by Grab, resulting in increased market share for the latter. However, Singapore, and other countries in the…
Elon Musk to step down as Chairman
Elon Musk has agreed to step down as chairman of Tesla’s board for three years as part of an agreement with the SEC to resolve a securities fraud case. He will also pay a $20 million fine. Tesla is…
Fintech: for Millennials Only?
Fintech is widely seen as a disruptor of the traditional asset management industry with their heavy use of technology, low overhead and their millennial appeal. However, it remains to be seen if…
Impact Investing brings Money Managers and Charities Together
Money managers are realizing the benefits of consulting charitable organizations for specialized knowledge regarding the social aspects of their sustainable investments. Impact investing is an asset…
S&P 500 Reclassifies Technology Sector
The impending reclassification of S&P 500 sectors will cause upheaval among tech companies like Facebook and Alphabet, and impact investor portfolios. S&P Dow Jones Indices is reclassifying…
Big 4 Under Global Pressure
The Big Four Accounting firms - Deloitte, KPMG, Ernst and Young, and Pricewaterhouse Coopers - are increasingly under pressure to split off their audit business from their other business lines amid…
Jack Ma to step down as Alibaba CEO
Daniel Zhang will replace founder Jack Ma as chairman of Alibaba in September 2019, adding the role to his job as chief executive of China’s most valuable company. Second to only China’s Premier Xi…