Energy Tycoon to Pour $4.6 Billion Into Southeast Asia’s Boom Sarath Ratanavadi’s Gulf Energy plans to add power plants Gulf’s IPO is turning Sarath into newest Thai billionaire Gulf Energy Development Pcl’s billionaire founder Sarath Ratanavadi plans 150 billion baht ($4.6 billion) of investment in power plants over the next four years after the company’s listing this […]
Decisions about what to include are leaving some on the outs. In September 2015, Peru’s then-finance minister abruptly changed his plans and hopped on a jet to New York. By the time Alonso Segura Vasi landed in the U.S., officials from the country’s central bank and securities regulator were also en route to join him. […]
Federal Communications Commission chairman Ajit Pai just put a big item on his holiday wish list: having the FCC destroy the net-neutrality rules that it adopted two years ago. As Pai said in a statement on the FCC’s site, he will have the commission vote at its Dec. 14 meeting on his “Restoring Internet Freedom Order.” The […]
Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about emergence and growth of the private cryptocurrencies that are grabbing more and […]
Nothing is invincible, but JPMorgan doesn’t see too much right now that could derail the stock market rally. And, it’s trying to convey that to a growing number of skeptic clients. Stephen Parker, head of thematic equity solutions at the firm’s private bank, argues there are hardly any signs of investor euphoria right now — […]
Alexei Kulikov was charged with looting a small Moscow bank. But his trial turned into a window on the shadowy—and seemingly uncontrollable—world of money laundering in Putin’s Russia. The pounding on the door begins at about 6 a.m. on a wintry Moscow day in March 2016. Insistent knocking at that hour usually means just one thing: […]
FILE PHOTO – A sales person shows a gold ring to customers at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Ahmedabad, India, October 28, 2016. REUTERS/Amit Dave/File photo Gold prices dipped early on Monday on a stronger U.S. dollar, but remained close to a one-month high […]
Bitcoin Surges Past $8,000 as Technology Concerns Subside Bitcoin topped $8,000 for the first time as investors set aside technology concerns that saw it tumble as much as 29 percent this month. The world’s largest cryptocurrency’s rise is becoming too big for many to ignore with three separate slumps of more than 25 percent all giving way to subsequent […]
IAC Chairman Barry Diller believes traditional media companies will become serfs to tech giants like Facebook and Google. (Yahoo Finance) SAN FRANCISCO — The billionaire media mogul behind such popular sites as Expedia, Match.com and HomeAdvisor has a one-word forecast for traditional media conglomerates concerned about being replaced by tech giants: serfdom. “They, like everyone else, […]
Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq, May 11, 2017. REUTERS/Essam Al-Sudani Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue […]
utures for the S&P 500 index futures fell modestly early Monday morning after German coalition talks broke down, putting into doubt the future of long-running Chancellor Angela Merkel. Meanwhile, Marvell Technology (MRVL) reportedly is near a deal to buy fellow Cavium (CAVM) for $6 billion as chip takeover buzz has heated up with Broadcom (AVGO) making a $130 billion overture to […]
Bill Gurley is a general partner at Benchmark. His firm was involved in a lawsuit against Uber’s former CEO. Gurley has been outspoken about the state of venture capital on his widely read blog, “Above the Crowd.” When it comes to Uber, venture capitalist Bill Gurley said he thinks he was on the right side […]
