Foreign investors, including U.S. companies, are nervous over the arrest by U.S. investor Michael Calvey by the Kremlin. On Tuesday, Russia downplayed the risks of a possible boycott by U.S. companies of the Kremlin’s International Economic Forum over the arrest… Read More ›
investor
Swedbank dragged into Danske Bank’s scandal
Bill Browder, an investor who campaigns to expose corruption, has filed a complaint with Swedish authorities over Swedbank’s alleged links with Danske Bank’s money laundering scandal. On Friday, Swedbank disclosed, it has been notified by Swedish authorities that Bill Browder,… Read More ›
Exxon Mobil Corp’s position on climate change is “shortsighted”: investors
Two group of investors, who have a combined total of $1.9 trillion assets under management are pushing Exxon Mobil Corp to address significant climate risk concerns. According to two groups of investors, Exxon Mobil Corp is attempting to block an… Read More ›
Tumbling Apple Inc’s shares are a dream come true for Warren Buffett
Warren Buffet sees Apple Inc more as a consumer company rather than a tech stock, which essentially reflects Apple’s devices as essential household possessions for consumers. For billionaire investor Warren Buffett, the falling prices of Apple Inc’s shares are music… Read More ›
Hyundai Motor Co to spend $228.3 million for repurchase of shares
The Elliot Management-backed move, will boost shareholder’s return. The buyback will include common and preferred stocks. On Friday, Hyundai Motor Co stated, it would spend $228.3 million (255 billion won) to buyback its common and preferred stocks so as to… Read More ›
Chinese logistics and delivery firm Best slashes IPO expectations, raises $450 million
With lackluster performance of shares post IPO, offerings from Chinese firms have investors on their guard. With tepid investor demand, Chinese logistics firm, Best Inc, priced its U.S. initial public offering (IPO) at the bottom of expectations and in the… Read More ›