Month: October 2024
‘Next dragon’: Fund manager names an under-the-radar, ‘very cheap’ market to play right now
Growing labor market participation, a pickup in consumer demand and economic growth are among the reasons why emerging markets have been in the spotlight this year. Emerging markets on the MSCI list include Brazil, China, Greece, India, Indonesia, South Korea, Malaysia, Mexico, the Philippines, Qatar and Thailand. One fund manager, however, is looking outside that […]
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How I built a $2 billion a year super app called Grab: ’20 hour’ work days
Anthony Tan didn’t need to start a business to be rich. He grew up as the youngest of three sons in one of Malaysia’s wealthiest families. His father, Tan Heng Chew, is the president of Tan Chong Motor, a multinational automobile distributor founded by Tan’s grandfather in the 1950s, that’s publicly listed on the Kuala […]
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Activist Starboard Value has $1 billion Pfizer stake, taps former executives for help, sources say
People pass by the Pfizer headquarters building in New York City, Jan. 29, 2023. Kena Betancur | View Press | Corbis News | Getty Images Activist investor Starboard Value has a roughly $1 billion stake in pharmaceutical giant Pfizer and is seeking to mount a turnaround at the struggling company, according to people familiar with […]
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Asians are concerned about visiting the U.S., but many still plan to go, survey shows
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email A new survey shows how politics, the prevalence of guns and the fear of physical violence affect interest among Southeast Asians to visit the U.S., reports CNBC’s Monica Pitrelli. 01:32 Sun, Oct 6 20248:13 PM EDT Source
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Mining giant Rio Tinto in talks to buy U.S. lithium producer Arcadium
This is a photograph of a Rio Tinto mining helmet taken on 2 Jun. 2020. Aaron Bunch | Getty Images The world’s second-largest miner Rio Tinto expressed interest in acquiring U.S. lithium producer Arcadium, the two companies confirmed in separate statements on Monday. No financial specifics were disclosed. Rio Tinto said that there is no […]
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Morgan Stanley’s Slimmon says the U.S. infrastructure sector is ‘very powerful,’ naming a stock to buy
Stocks in the infrastructure sector aren’t always top of mind. When it comes to investing, tech stocks like chipmaker Nvidia or Novo Nordisk in the weight loss space have been the headline-grabbers over the last year. But investors who want to diversify their portfolios away from those popular names and themes can consider the infrastructure […]
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UK PM Starmer’s chief of staff quits after talk of in-fighting
British Prime Minister Keir Starmer reacts as he meets with Defence Secretary John Healey and Member of the House of Lords George Robertson at 10 Downing Street on July 16, 2024 in London, England. Wpa Pool | Getty Images News | Getty Images British Prime Minister Keir Starmer’s chief of staff Sue Gray resigned on […]
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From guns to Trump: See which factors are deterring travelers from visiting the U.S.
More than 90% of travelers from Southeast Asia say that gun prevalence in the United States influences whether they will visit, according to a new survey. The study — which surveyed 6,000 international travelers from the six countries — showed that respondents perceived Hawaii to be the safest state in terms of gun violence, while […]
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Stock futures are little changed after sluggish start to October: Live updates
A trader works on the floor of the New York Stock Exchange. Stock futures were flat on Sunday evening as Wall Street looks to keep the momentum from Friday’s rally. S&P 500 futures added less than 0.1%. Nasdaq 100 futures were unchanged, while Dow Jones Industrial Average futures ticked up 23 points, or less than […]
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The rise of Grab: How I built a super app that brings in over $2 billion a year
Anthony Tan is the co-founder and CEO of Grab. Founded in 2012, the ride-hailing app has now grown into a “super app” that offers services in mobility, deliveries, and digital financial services. Grab is listed on the Nasdaq and has more than 35 million users across eight countries in Southeast Asia as of 2023. Anthony […]
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