On the first evening of the Asian Development Bank’s annual meeting in the capital of Kazakhstan this month, delegates from 16 countries skipped the scheduled Romeo and Juliet ballet for dinner at the Great Wall restaurant to talk about forming a totally different lender. They dined on Peking duck and tofu as China’s Finance Minister […]
Yahoo is put to the test as Alibaba files for the largest U.S. IPO on record, an estimated $150 billion at the time of the offering.
Marissa Mayer is finally set to get a cash infusion from Yahoo! Inc.’s nine-year investment in Alibaba Group Holding Ltd. — along with the pressure of putting the money to work. Yahoo is selling 208 million shares, or about 40 percent of its Alibaba stake, in the Chinese Internet company’s upcoming initial public offering, and […]
Bill Gross and Larry Fink manage a $3 trillion pile of bonds — an amount almost as big as Germany’s economy. Their firms, Pacific Investment Management Co. andBlackRock Inc. (BLK), doubled holdings since 2008, outpacing the market’s growth of 50 percent. Some of the largest hedge-fund firms, including Bridgewater Associates LP and BlueCrest Capital Management LLP, have also […]
The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences (GILD.O) and TripAdvisor (TRIP.O), increasing investor anxiety about a broader pullback. The Nasdaq biotechnology index .NBI shed 5.6 percent, its biggest one-day drop since August 2011, adding to recent losses since a large drop […]
The Americas to become the “New Middle East” of the 21st century. Understanding the Geopolitics of Energy.
Explain Geopolitics: Geopolitics is the battle for space and power played out in a geographical setting. Just as there are military geopolitics, diplomatic geopolitics and economic geopolitics, there is also energy geopolitics. For natural resources and the trade routes that bring those resources to consumers is central to the study of geography. Every international order […]
Mary Barra has spent much of her first three months as General Motors CEO apologizing for the company’s failure to recall 2.6 million vehicles until after 13 deaths had occurred. Tuesday she’ll have to answer some very tough questions from the House Energy and Commerce Committee about why it took GM 10 years to order […]
The first yearly sign-up period for Obamacare closes today, with early returns suggesting the administration may near a projection of 7 million enrollees made before the U.S. health exchange struggled at its startup. The rollout has been under constant attack from Republican foes and faced a key U.S. Supreme Court decision that allowed states to limit […]