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 Lumpur Stock Exchange.You might call me a “rebel without a cause,” Tan said. But I was on a mission to create something that could be “a force for good.”Now, Tan is the co-founder and CEO of multinational ride-hailing giant and super app Grab. After the business…
Author: usaeverydaylife
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 theme, says Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management. Speaking to CNBC’s ” Street Signs Asia ” on Oct. 2, Slimmon described the sector as being “very powerful in the U.S.,” citing increased government spending on infrastructure and reconstruction needs from Hurricane…
People pass by the Pfizer headquarters building in New York City, Jan. 29, 2023.Kena Betancur | View Press | Corbis News | Getty ImagesActivist 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 the matter.The activist’s exact plans could not be learned, but Starboard has approached former Pfizer CEO Ian Read and ex-finance chief Frank D’Amelio, both of whom have expressed interest in supporting Starboard’s turnaround, said the people.Starboard believes that Pfizer’s current leadership, under CEO Albert Bourla, has stepped…
This is a photograph of a Rio Tinto mining helmet taken on 2 Jun. 2020.Aaron Bunch | Getty ImagesThe 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 certainty that any transaction will be agreed to.Arcadium Lithium’s market value currently stands at $3.31 billion, according to data from LSEG. The company’s Australian-listed shares jumped over 42% in early Monday trade.If the deal goes through, Rio Tinto would become one of the largest suppliers of lithium, trailing…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailA new survey shows how politics, the prevalence of guns and the fear of physical violence affect interest among Southeast Asians to visit the U.S., reports CNBC’s Monica Pitrelli. Source link
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 ImagesAsia-Pacific markets mostly climbed on Monday, led by Japan’s Nikkei 225 gaining 2% as investors look ahead to a week of central bank decisions from around the region.Three central banks are set to release their interest rate decisions this week, namely the Bank of Korea, the Reserve Bank of New Zealand and the Reserve Bank of India.Economists polled by Reuters expect the BOK and RBNZ to…
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 list, at an “up and coming emerging market and the next dragon in Asia” — Vietnam. “It’s in a sweet spot in terms of economic growth, urbanization, labor market participation and having the right government policy. The market is also very cheap,” Shasha Li Mafli…
British Prime Minister Keir Starmer reacts as he meets with Defence Secretary John Healey and Member of the House of Lords George Robertson at 10 Downing Street on July 16, 2024 in London, England. Wpa Pool | Getty Images News | Getty ImagesBritish Prime Minister Keir Starmer’s chief of staff Sue Gray resigned on Sunday following rumors about tensions within his team of advisers that cast a shadow over his government little more than three months after a landslide election victory.Gray, a former senior civil servant, was the subject of leaks to the media about her pay last month and she…
More than 90% of travelers from Southeast Asia say that gun prevalence in the United States influences whether they will visit, according to a new survey.The study — which surveyed 6,000 international travelers from the six countries — showed that respondents perceived Hawaii to be the safest state in terms of gun violence, while Texas was deemed the least safe, from a list of eight options that included New York, California, Florida, Nevada, Arizona and Washington D.C.Yet, 56% of those in the survey, commissioned by CNBC Travel and conducted by the market research firm Milieu Insight, said they are likely…
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 also up less than 0.1%, while Dow Jones Industrial Average futures ticked up 26 points, or less than 0.1%.The move in futures comes after a bumpy week for stocks that saw the major averages grind out modest gains. The S&P 500 added 0.22% for the week, while the Nasdaq Composite inched up 0.10% and the Dow added 0.09%.It was the fourth winning week in a row for all three averages, helped by…
