The rise of the middle class in China is a “big tidal wave” that global investors have not fully recognised, and it is only a matter of time before the currently depressed market stages a rebound, according to the head of private-equity firm Primavera Capital. The healthy parts of the world’s second-largest economy, such as
Fujifilm said Friday it would increase its investment in a planned biotech plant in North Carolina by $1.2 billion at a time when Japan-US trade ties are in the spotlight. The cash injection to ramp up output to meet growing demand for antibody drugs brings “the total investment in the facility to over $3.2 billion”, the
The U.S. bitcoin ETFs have arrived – and since their introduction, there has been a reliable uptick in the price of bitcoin. Ever a typical (and therefore not completely rational) market, what will likely happen, just as in years past, the price of other cryptocurrencies without affiliation to Bitcoin or the new ETFs will rise
Disney shareholders will deliver a verdict later Wednesday in the company’s long-running struggle over leadership at one of the spring’s most costly and closely-watched annual meetings. At issue is an effort by billionaire investor Nelson Peltz of Trian Capital, who has blasted the Disney board over botched leadership planning after the entertainment giant reinstated long-running
Even though Chinese leaders openly court international investors, many businesses are unsure of when to cross the line due to Xi’s growing emphasis on national security Image Courtesy Reuters At the Great Hall of the People in Beijing on Wednesday, Chinese President Xi Jinping met with American business leaders. This is part of the government’s
US lawmakers moved Thursday toward prohibiting any further funding for the UN’s embattled agency for Palestinians, which Israel has sought to link to Hamas. President Joe Biden’s administration has already suspended funding for UNRWA — despite saying its work in war-ravaged Gaza was invaluable — after Israel alleged that several of its employees participated in
By Isabelle Stanley For Dailymail.Com 15:54 07 Mar 2024, updated 15:56 07 Mar 2024 Innovations in artificial intelligence, cloud computing and crypto mining are driving demand for power up The already ailing national grid is ill-equipped to deal with the increased demand with demand projections doubling this year Swaths of the US are at risk
Warren Buffett-backed leading United States consumer lender Capital One on February 19 said it plans to acquire credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion, as per a Reuters report. The merger, uniting two of the largest US credit card companies, aims to establish “a payments network that can
Persson is currently the richest person in Sweden and the 116th richest in the world, with a net worth of US$16 billion, per the Bloomberg Billionaires Index. His father, Erling Persson, founded a women’s clothing store called Hennes in 1947, which later became Hennes & Mauritz (H&M). Stefan joined the company as head of UK
A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions. JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+, saying through a spokesperson that it will oversee