Portfolio manager Sid Choraria says he likes Alibaba, but that the upside is now less attractive than it used to be. Amazon is “definitely a stock to own.”
Source
Long-term investor explains why he likes Amazon but is ‘not crazy’ about Alibaba
World
Coalition deal puts Takaichi on brink of Japan’s first female premiership
Sanae Takaichi, Japan’s economic security minister, speaks during a news conference in Tokyo, Japan, on Monday, Sept. 9, 2024. Toru Hanai | Bloomberg | Getty Images Hardline conservative Sanae Takaichi is almost certain to become Japan’s first female prime minister on Tuesday, after the right-wing opposition Japan Innovation Party, known as Ishin, said it was ready to back her premiership. […]
Read More
World
Asia-Pacific markets rise as investors look toward slate of China economic data
Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets opened higher Monday as investors awaited a slew of economic data coming out of China. Analysts polled by Reuters expect China’s economy to have slowed in the third quarter, forecasting gross domestic product to have grown 4.8% in […]
Read More
World
Japanese family businesses are facing a succession crisis. That is fueling a private equity boom
Japan Inc. is confronting a ticking demographic time bomb, and private equity players are racing to defuse it. Across the country, ageing business owners are facing a dual reckoning: heirs not interested in taking over the family business, and steep inheritance taxes. For many family businesses, rooted in the tradition of handing over the reins […]
Read More