World
Thai headline inflation quickens in September, still below central bank target
People on the Mahanakorn skywalk overlooking Bangkok, shot on March 17, 2023. Lillian Suwanrumpha | Afp | Getty Images Thailand’s annual headline inflation quickened in September due mainly to higher prices of diesel and some vegetables, the commerce ministry said on Monday, and was still below the central bank’s target range of 1% to 3%. The headline consumer price index rose 0.61% in September from a year earlier, […]
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Japan’s Nikkei rises over 2% as Asia markets climb; central bank decisions in focus this week
In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Ed Jones | Afp | Getty Images Asia-Pacific markets mostly climbed on Monday, led by Japan’s Nikkei 225 rising almost 2% as investors look ahead to […]
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‘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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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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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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FAA authorizes flight for SpaceX Falcon 9 vehicle
TOPSHOT – A SpaceX Falcon 9 rocket with Expedition 72 astronauts lifts off from launch complex 40 at Cape Canaveral Space Force Station in Florida on September 28, 2024. Gregg Newton | Afp | Getty Images The SpaceX Falcon 9 vehicle is authorized to return to flight for a planned mission scheduled to launch on […]
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