China Earnings to Revive Stocks, Vontobel’s $4 Billion Fund Says
Chinese stocks are likely to rebound on an expected revival in company earnings from this quarter, according to the co-manager of a Vontobel Holding AG emerging-market equity fund.
Chinese stocks are likely to rebound on an expected revival in company earnings from this quarter, according to the co-manager of a Vontobel Holding AG emerging-market equity fund.
Sea Ltd.’s billionaire founder declared a 5% pay increase for most employees starting July, sending a strong signal to investors he thinks the e-commerce and gaming business has turned the corner after years of bleeding losses.
Beijing curtailed access by overseas firms to Chinese data sources at least in part because of a series of reports written by US research institutions that alarmed officials, the Wall Street Journal reported, citing people with knowledge of the matter.
Warren Buffett said he prefers deploying capital in Japan instead of Taiwan, lamenting how geopolitics led his firm to cut stakes in the island’s chip-maker giant.
Venture capital firm 3one4 Capital has closed a $200 million fund to focus on India’s early-stage technology companies as backing for startups continues unabated in the country despite the somber global investment sentiment.
Myanmar’s crippling power outages are threatening the economic recovery of the conflict-ridden Southeast Asian nation, where a military coup in 2021 left the country struggling to source fuel for gas-fired electricity plants.
Pham Nhat Vuong has few vehicles to show for the massive sums he and his Vietnamese conglomerate have spent building VinFast, the carmaker that’s put off plans for an IPO.
The head of the Wagner mercenary group said he’d been promised sufficient ammunition by Russia’s military to continue a campaign in Bakhmut in Ukraine’s east, walking back a threat to abandon the battle.
Ukraine’s air force commander said the military’s air defense intercepted a hypersonic Kh-47 “Kinzhal” missile, one of Russia’s most modern weapons, fired during a night attack on May 4, with the aid of a US Patriot defense system.
John Lewis Partnership Plc faces a reckoning this week as employees vote on whether they support Chairman Sharon White’s stewardship of the struggling British retailer.