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Hedge Fund Makes Huge Bet on Korean Governance Change
A Seoul hedge fund is making a massive bet that hinges on changes in the chronic issue of South Korea’s corporate governance.
Hong Kong $1.5 Billion Fund Bets 2020 Is ‘Year of the Renminbi’
The year of the rat, soon to be kicked off after China’s lunar New Year, is lining up to be a strong year for China’s currency and its government bonds.
Steyer Says Experience Qualifies Him for Debate: Campaign Update
MANCHESTER, NH - SEPTEMBER 07: Democratic presidential candidate, billionaire Tom Steyer speaks during the New Hampshire Democratic Party Convention at the SNHU Arena on September 7, 2019 in
Steyer’s Ad Spending Surpasses $100 Million: Campaign Update
Billionaire Tom Steyer has spent more than $106 million on television, cable, radio and digital ads since he launched his presidential campaign in July.
Corbyn Kicks Off Election Campaign With Attack on U.K. ‘Elite’
Jeremy Corbyn criticized what he called the U.K.’s “corrupt system” that favors billionaires over wider society, in a speech kicking off his opposition Labour Party’s campaign to defeat Prime Minister
U.K. Is Ready to Show EU Its Draft Divorce Deal: Brexit Update
The U.K. government has completed the draft legal text of a Brexit deal and will send it to European Union officials this week, people familiar with the matter said. The development built on hints
A Hong Kong Billionaire Family on Why the Rich Need to Help
Sham Shui Po, one of Hong Kong’s poorest districts, is a concrete warren of rag traders and cheap street stalls that was once a hub for refugees. More recently, it’s become a battleground for the
Buttigieg Flips Chops With the Iowa Pork Queen: Campaign Update
Pete Buttigieg won over royalty Tuesday at the Iowa State Fair.
South Africa Says Eskom Creditors Won’t Lose Out in Restructure
South Africa has laid out a timeline for the restructuring of Eskom Holdings SOC Ltd.. and pledged that creditors of the state-owned power company won’t suffer losses, according to a fund manager who
Woodford Fund Scandal Shows Flaw in Brussels Rules, FCA Says
The U.K.’s top market regulator has defended his handling of British fund manager Neil Woodford’s woes, saying some of the problems resulted from loopholes in regulations devised by the European
Trump and Xi to Seal a Deal? Traders Aren't Holding Their Breath
Fund managers are sticking to their positions ahead of this week’s meeting between presidents Donald Trump and Xi Jinping, saying they don’t expect much progress to be made.
Erdogan Dealt Stunning Blow as Istanbul Elects Rival Candidate
Turkish opposition candidate Ekrem Imamoglu won the redo of the Istanbul mayor’s race by a landslide on Sunday, in a stinging indictment of President Recep Tayyip Erdogan’s economic policies and his
‘Trade of Our Lives’: After Mueller, UBS Banker Faces Questions
The email from Moscow was tantalizing: the deal with the Kremlin, the banker wrote, could be “the trade of our lives.’’
Turkey Burns Bridges With Markets as Costs of Lira Defense Mount
Recep Tayyip Erdogan’s Turkey is paying the price for its pre-election efforts to tinker with the markets.
Bezos’s Bombshell Puts Enquirer Allegiances Back in Spotlight
Jeff Bezos’s clash with the National Enquirer, including a fight to prevent compromising photos from being published, is putting the supermarket tabloid and its financial backers back under scrutiny.
Seahawks' Sale Price Could Take a Hit After IRS Denies Tax Break
Two major sports franchises might soon be on the auction block following Microsoft Corp. co-founder Paul Allen’s death last week. But a recent Internal Revenue Service rule could cut the teams’ sales
Former GE Executive Stefanowski Wins GOP Nod for Connecticut Governor
Hartford, Conn. (AP) -- Bob Stefanowski, a former GE executive who pitched himself to voters as Bob the Rebuilder, won Tuesday's Republican primary for Connecticut governor in an upset and will face a
Billionaire Steyer Adding $10 Million to Trump Impeachment Drive
Billionaire Tom Steyer plans to spend an additional $10 million on helping Democrats take control of the House by attempting to drive up turnout among infrequent voters motivated by the idea of
Steven Mnuchin Is Still Standing
Trump’s Treasury secretary has pushed tax cuts and sanctions and has learned to keep his head down in the trade war.
South Africa Plans Independent Probe of Biggest Africa Fund Manager
South Africa will set up an independent inquiry into affairs at the Public Investment Corp., Africa’s largest money manager.