China keeps growing its share of global cargo sales, indicating the Trump administration’s tariffs meant to punish the country are instead an obstacle that China has successfully navigated. China now accounts for 40% of the world’s container exports on a rolling three-month basis, a 2.5% increase from nine months ago and its highest-ever levels, Jens…
Vietnam’s long-awaited upgrade to emerging market status is an “important milestone” for the country, experts say, yet they also warn that the inflow of foreign money will go toward companies that bear little resemblance to the country’s export-manufacturing economy. On Sept. 21, Vietnamese stocks entered FTSE Russell’s emerging market ranks, capping a years-long effort by…
Disney’s Magic Kingdom in Orlando has been dethroned as the world’s most-visited theme park by an attraction in Dubai named Global Village that started life as a small pop-up fair in a parking lot. For more than two decades, the Magic Kingdom has held the title of the theme park with the highest annual attendance…
In 2017, it looked as if the tech world had seen the last of Travis Kalanick. Following a spate of scandals and allegations ranging from sexism to corporate espionage, Uber’s own investors took the extraordinary step of forcing the CEO out of the firm he cofounded. Kalanick’s ouster also signaled a bigger cultural shift. As…
PB Fintech shares plunged 26%, wiping out nearly Rs 22,703 crore from its market capitalisation after IRDAI proposed changes to insurance commission structures. Jefferies flagged risks to distributor earnings, while Citi warned of a potential sharp compression in distribution economics across several high-margin insurance categories.
Sebi’s upcoming board meeting aims to discuss significant changes to portfolio management services and settlement regulations. Proposed revisions could allow discretionary portfolio managers to make new types of investments, including overseas assets. The meeting is expected to review widening the accredited investor framework to increase market participation. Another key focus is enhancing foreign portfolio investor…