(Bloomberg) -- Singapore sovereign wealth fund GIC Pte is “doubling down” on some sectors in China as it remains investable, even if it has become hard to make top-down allocations, according to its chief executive officer.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticApple’s iPhone 15 Debut Includes Higher Price on Top ModelApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishBP CEO Looney Quits Over Past Relationships With ColleaguesAT&T, T-
Celebrate summer with the best swimsuits from films throughout the years... -- Kazakh business elites who haven’t revealed the source of their wealth and those with money stashed abroad have a new way out, according to President Kassym-Jomart Tokayev.
In its interim forecasts for gross domestic product and inflation of the euro zone's five biggest economies, the Commission said the single currency area's GDP would expand 0.8% in 2023 and 1.3% in 2024, against forecasts of 1.1% and 1.6% respectively made in May.
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Franklin Templeton CEO says China pessimism is overhypedBy Yantoultra Ngui SINGAPORE (Reuters) - The idea that investment opportunities in China have met their demise is probably overhyped, said Jenny ...
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Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffleHONG KONG (AP) — The former CEO of Alibaba, Daniel Zhang, resigned as head of its cloud computing unit Monday in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle. Alibaba said it will invest $1 billion in a technology fund Zhang will establish to support the firm’s strategies for future growth. Zhang stepped down on the same day he gave up his roles as Alibaba’s CEO and chairman. In a filing to the Hong Kong stock exchange, Alibaba said that Eddie Wu, its new CEO,
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2seventy bio CEO to step down, plans job cuts(Reuters) - Cell and gene therapy company 2seventy bio said on Tuesday that CEO Nick Leschly will step down. The company also said it plans to lay off ...
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China Economy Shows Signs of Stability With Improved Credit, CPI(Bloomberg) -- China’s credit demand improved, deflationary pressures eased and the yuan rallied, adding to a recent trickle of signs that the economy and financial markets may be stabilizing after a sharp downturn.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesEven
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BP CEO resigns over relationships with colleaguesBP (BP) shares closed the day lower as CEO Bernard Looney resigned after acknowledging he had not been 'fully transparent' about personal relationships he had with colleagues, according to a statement from the company. The statement says an investigation is ongoing and that relationships occurred before Looney became CEO. BP CFO Murray Auchincloss will act as interim CEO. Yahoo Finance Live breaks down the story.
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Buffett Spurs Sparx CEO to Seek $2 Billion for Activist Fund(Bloomberg) -- When veteran money manager Shuhei Abe met with Warren Buffett in Tokyo earlier this year, they exchanged similar thoughts about value investing in Japan.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Crypto Exchange Gets 11,000-Year Sent
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