2020 Financial News

The Asia Pacific (APAC) region, with over 50 diverse countries, is currently experiencing phenomenal economic growth. Home to more than half the world’s population (52% in 2023) and economic giants like Japan and India, the region’s GDP (35.4% of the world’s in 2023) has surpassed that of North America and Europe. This trajectory is projected to continue, with APAC projected to grow at 4.2% in 2024 by the International Monetary Fund, significantly faster than the global pace of 2.9%, with the economies of countries like India and Bangladesh expected to expand at double the world’s rate.

(Reuters) — A former Tallgrass Energy board member and his friends will pay $2.2 million to settle insider trading charges related to a Blackstone-led $3.03 billion buyout offer for the oil pipeline operator in 2019, the U.S. SEC said on Tuesday.

Last year and in 2024, the media has mainly focused on big companies that grab most of the headlines. But there's more to the stock market than just these giants.

The company confirmed Emily Lydon, Angel Ganchev and Rolando Rodrigues all departed from the firm the at the end of 2023. Lydon was a global equity client portfolio manager and was in the role for just under a year. She joined in January 2023 from M&G Investments, where she worked for over two years as an ESG label analysts and then as an ESG investment specialist. Sarasin & Partners taps Nomura AM's Tom Wildgoose for senior manager role Ganchev was a global equity quantitative analyst and had been in the role since January 2020, when he joined from Investec Asset Management as it ...

Edited excerpts from the interview: It has played out really well. For me real estate has outperformed the equities portfolio. If you remember, around the end of 2020 and early 2021, the stock market had already recovered from the covid lows.

A federal judge in Texas has blocked a new rule by the National Labor Relations Board that would have made it easier for millions of workers to form unions at big companies

A Massachusetts town that adopted an unusual ordinance banning the sale of tobacco to anyone born in the 21st century is being looked at as a possible model for other cities and towns hoping to further clamp down on cigarettes and other tobacco products

Barrons Roundtable discusses the price of oil and the demand for natural gas.

If anyone has a bad word to say about Filippo Gori, the new co-head of banking at JPMorgan, they're not saying it. Instead, all indications are that 49 year-old Gori, who was promoted last week to become co-head of banking alongside Doug Petno when Vis Raghavan left, is very popular indeed.

Fresh from announcing bonuses, which were down a mere 10% or so according to Bloomberg, Deutsche Bank has promoted a new class of managing directors (MDs).  

Balyasny Asset Management (BAM) appears to have made one of Millennium's London portfolio managers an offer he couldn't refuse. 

NEW DELHI : The Adani group will bid for the Airports Authority of India’s (AAI’s) stake in only Mumbai airport, and is not a suitor for the state-owned airport operator’s residual share in airports in Delhi, Bengaluru and Hyderabad, Karan Adani, managing director of Adani Ports and Special Economic Zone (APSEZ) said. He added that the group will bid for airports that the government plans to put for auctions. “We will bid for (AAI) airports...

Congress on Monday launched a scathing attack on Prime Minister Narendra Modi, saying his «relentless campaign» on 'Modi ki Guarantee' cannot change the truth that he will say whatever he needs to in order to win an election and his «warranty» is now over. Congress general secretary Jairam Ramesh said the prime minister is going around the country proclaiming the virtues of his «guarantees» and since he has already been in power for a decade, one must do a status update of 10 guarantees he has given during his tenure. He said Prime Minister Modi promised to create two crore jobs for India's youth every year but unemployment reached a 45-year peak in India under «anyay-kaal (period of injustice)».

CPM leader M Y Tarigami on Monday said he will try to mend the cracks that have emerged among PAGD constituents — the National Conference and the PDP — over seat sharing for the Lok Sabha polls in Kashmir. The PAGD — an amalgam of seven parties, including the NC and the PDP — was formed in the wake of the abrogation of Article 370 of the Constitution by the Centre in August 2109. «The emergence of PAGD was due to a crisis which still exists. There have been differences between the constituents recently which are out in public. I will still try to mend the gaps that have emerged,» Tarigami, who is the spokesperson of the PAGD, told reporters in Srinagar. The People's Alliance for Gupkar Declaration (PAGD) had a seat-sharing arrangement for the District Development Council (DDC) polls held in 2020.

By James Davey

(Reuters) — Pilots at Qantas Airways units Network Aviation and QantasLink will conduct a fresh strike this week as they continue to demand for higher pay, the Australian Federation of Air Pilots said on Monday.

new rule by the National Labor Relations Board that would have made it easier for millions of workers to form unions at big companies. The rule, which was due to go into effect Monday, would have set new standards for determining when two companies should be considered “joint employers" in labor negotiations. Under the current NLRB rule, which was passed by a Republican-dominated board in 2020, a company like McDonald’s isn’t considered a joint employer of most of its workers since they are directly employed by franchisees.

leadership roles at companies has remained unchanged over the past five years, shows a study, suggesting that corporate India still has a long way to go to ensure gender equality at decision-making levels. At leadership roles like director, vice president, CXO, or partner at Indian companies, there are currently two women compared with 10 men, the same as in 2020, according to the findings of the study by professional networking platform LinkedIn and shared exclusively with ET.

results of the 9th round of coal auctions are likely to be announced within two weeks, a senior coal ministry official said. The latest round of commercial coal mine auctions was launched by the Nominated Authority, the Ministry of Coal, on December 20, 2023. As many as 32 coal mines were put into action in the 9th round. «It will take another two weeks to announce the results of the 9th round. Within it, it will be announced,» the official told PTI.

Yusuf Pathan, the former Indian cricketer who played 57 ODIs and 22 T20Is for India between September 2007 and March 2012, has ventured into politics. He has been named as the Trinamool Congress (TMC) candidate from West Bengal's Berhampore seat for the upcoming Lok Sabha polls. Pathan, 42, is expected to face Congress' Adhir Ranjan Chowdhury, a vocal critic of TMC supremo Mamata Banerjee, who has held the seat since 1999. Cricket to Politics: Pathan's Political Journey Hailing from Gujarat's Vadodara, Pathan is renowned for his cricketing career, particularly with the Kolkata Knight Riders (KKR) in the Indian Premier League (IPL). He joins a list of Indian cricketers who have transitioned into politics, including Gautam Gambhir, Kirti Azad, Navjot Singh Sidhu, Manoj Tiwary, Mohammed Azharuddin, and Chetan Chauhan, among others.

By James Oliphant and Nandita Bose