Investing

Google’s Writing Checks and Hopes Investors Won’t Bounce: Gadfly

by Shira Ovide | Bloomberg by Shira Ovide | Bloomberg April 23 at 6:29 PM Google parent company Alphabet Inc. is growing faster than nearly all companies of its size. And its spending is growing even more quickly. The message from executives on Monday was clear: Alphabet is entering a period of serious investment, and investors should be happy about it.  Alphabet disclosed its strategy in its first-quarter financial results, and it provides a test of investors’ faith. Essentially, Alphabet is…

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REFILE-UPDATE 1-High-profile investors bet on stocks tied to millennials -Sohn Conference

(Refiles to correct name in 4th paragraph to Li Ran, not Lin Ran) By David Randall and Svea Herbst-Bayliss NEW YORK, April 23 (Reuters) – Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday, ranging from online food ordering to homebuilders, that should benefit from the growing clout of the millennial generation. John Khoury, founder and managing partner of $2.7 billion hedge fund Long Pond Capital, revealed a long position in…

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Wall Street ends mixed as investors eye earnings

NEW YORK (Reuters) – Wall Street ended mixed on Monday as concerns about soft smartphone demand weighed on tech stocks and pulled the Nasdaq lower while earnings optimism protected against deeper losses. Tech stocks dragged on both the S&P 500 and the Nasdaq ahead of a big week of earnings for the sector. Chipmaker shares dropped after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), cut its full-year revenue target due to softer demand for smartphones. Yields…

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Fossil fuel divestment: Political pandering or wise investing?

Photo: JUSTIN TALLIS, Contributor / AFP/Getty Images (FILES) In this file photo taken on June 09, 2015 HSBC’s headquarters stands beyond Billingsgate Fish Market in east London on June 9, 2015. Scandal-hit bank HSBC said today it would cut its global headcount by up to 50,000 as part of a restructuring that entails its withdrawal from Brazil and Turkey, while it also mulls abandoning London as its HQ. AFP PHOTO / JUSTIN TALLIS The image of the British financial sector…

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High-profile investors bet on stocks tied to millennials -Sohn Conference

NEW YORK, April 23 (Reuters) – Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday ranging from online food ordering to homebuilders that should benefit from the growing clout of the millennial generation. John Khoury, founder and managing partner of $2.7 billion hedge fund Long Pond Capital, revealed a long position in U.S. homebuilder D.R. Horton Inc, which he said should see a boost as more millennials age into the first-time…

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Government to offer incentives to SME investors excluded from tax holiday scheme – Business

The government is preparing a regulation on incentive packages for investors of small and medium enterprises (SMEs), as investments of this nature were not covered in the newly introduced policy on tax holidays. Finance Ministry Regulation No. 35/2018 stipulates that investors must contribute a minimum of Rp 500 billion (US$ 35.98 million) to apply for a tax holiday, which means that those investing in SMEs do not qualify for incentives outlined in the policy. “We are preparing tax and fiscal…

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Investing: A fund to keep your balance in a turbulent market

If the prospect of a decline in the stock market keeps you up at night, owning a “balanced” mutual fund that splits assets between stocks and bonds may help you get more shut-eye. These funds can’t keep up with stocks in a bull market, but they tend to lose less when stocks decline. In 2008, when Standard & Poor’s 500-stock index surrendered 37 percent, funds that allocate 50 percent to 70 percent of assets to stocks, with the remainder in…

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Udoma Woos Investors At London Forum

Minister of Budget and National Planning, Sen. Udoma Udo Udoma has urged participants at the UK-Nigeria Trade and Investment Forum in London to invest in Nigeria.Udoma said in a statement issued by his Special Adviser on Media, Akpandem James, last Wednesday that the country’s economic policy initiatives were yielding results.James said Udoma, who was speaking at the plenary session of the Forum also said Nigeria’s outlook for 2018 was very positive, adding that Nigeria had…

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Property firm Nam Long to auction 40 million shares to raise capital – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Housing developer Nam Long Investment Corporation approved a plan to auction off 40 million shares to the public at its general meeting held on Saturday in HCM City.—VNA/VNS Photo HCM CITY — Housing developer Nam Long Investment Corporation approved a plan at its general meeting held over the weekend to auction off as many as 40 million shares, equivalent to 21.2 per cent of its outstanding shares, to…

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I was investing based on returns, rather than goals: Akshay Mendole

Akshay Mendole. Photo: Bhaskar Varma/Mint Akshay Mendole was not looking for a financial adviser. In fact, it was his sister who asked him to go and meet a person whom she wanted to be her financial consultant. Mendole, who was an ad hoc investor himself at that point, was so impressed by the concepts that the adviser explained that he decided to get his own financial plan made too. That is how Mendole met Swapnil Kendhe, who is based in…

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BRIEF-Blue Sky Alternative Investments Appoints Kim Morison As Interim Managing Director

April 23 (Reuters) – Blue Sky Alternative Investments Ltd : * ANNOUCES RESIGNATION OF ROBERT SHAND AS MANAGING DIRECTOR * APPOINTS KIM MORISON AS INTERIM MANAGING DIRECTOR * KIM MORISON AS MANAGING DIRECTOR ENTITLED TO A SALARY OF $400,000 PLUS A DIRECTOR’S FEE OF $77,500 PER ANNUM * SHAND TO RECEIVE HIS CONTRACTUAL ENTITLEMENTS BUT WILL FORGO 1.3 MILLION OPTIONS PREVIOUSLY ALLOCATED TO HIM * EXECUTIVE DIRECTORS, ELAINE STEAD AND NICHOLAS DIGNAM, WILL STEP DOWN FROM BOARD Source text for…

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‘QDB Investment Forum’ to be held on May 1

DOHA: As part of its commitment to promote innovative Qatari entrepreneurs and diversify the economy, Qatar Development Bank is launching the “QDB Investment Forum”. The event is scheduled to be held on May 1, 2018, at the Hilton Hotel in Doha. During the Forum, Qatari Entrepreneurs, both start-ups aswell as established ones, will meet with local and international investors, including international VC funds and QDB. The bank will reflect upon its achievements in contributing towards the development of Entrepreneurial Ecosystem…

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High-profile delegation explores investment opportunities at Hapi conference

The Hapi investment conference, to be held on 29 April, aims to provide an opportunity to present and discuss employment opportunities and partnerships between investors, as well as Egypt’s competitiveness level in facilitating business processes. The conference will be held at the Nile Ritz-Carlton and under the auspices of Sahar Nasr, minister of investment, Yasser El-Kady, minister of communications and information technology, Khaled Badawi, minister of public sector affairs, the Egyptian Financial Regulatory Authority (FRA), the Egyptian Exchange (EGX) and…

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Kambwili Warns Chinese Investors, Jack Up or Else… ? – Tumfweko

DC consultant Chishimba kambwili has issued a Stern warning to Chinese investors operating in Zambia. Dr. Kambwili says Chinese investors should stop exploiting Zambian workers and start following the laid down labour laws. Dr. Kambwili is concerned that Chinese run mines are not paying Zambian workers good salaries. This is in comparison to other mines operating on the Copper belt and North Western province’s. The NDC consultant and party’s Presidential candidate in 2021 said this in Mufulira at a public…

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