New York state pension fund backs activist nominees in Exxon proxy fight
New York state’s pension fund on Friday threw its support behind an activist fund’s slate of nominees to Exxon Mobil Corp’s board, heating up a proxy fight for the company’s…
Pentagon weighs US funding bill impact on terrorism fight
The Pentagon is scrambling to assess the impact of Congress' decision last week to approve only a third of the requested funding on the US counterterrorism fight in Syria and…
Hard up miners turn to Asian contractors to help fund projects
Miners who can't get financing for new projects from banks or traditional equity investors because metals prices have collapsed are turning to an alternative source: the engineering and construction companies,…
Gross begins second act as bond guru at tiny Janus fund
For Bill Gross, quitting Pimco's $222 billion Total Return Fund to take over a $13 million fund at Janus Capital is like resigning the US presidency to become city manager…
Catalysing climate action
The 29th annual Conference of the Parties (COP29) concluded with a renewed sense of urgency and a litany of commitments aimed at accelerating global climate efforts. Held in the vibrant…
Factors behind Trump’s 2024 victory
The 2024 US presidential election saw Kamala Harris and the Democratic Party suffer a significant defeat, with Donald Trump reclaiming the White House and Republicans taking control of the Senate.…
Go beyond the Fund advice
Monetary Policy Committee (MPC) met under the chairmanship of Jameel Ahmed, Governor of State Bank of Pakistan (SBP) on 4 November and issued its Monetary Police Statement (MPS) the same…
Federal funding for universities
UNIVERSITIES in Pakistan are again in the news — once again for the wrong reasons. The issue this time is that the federal government has decided to stop giving annual…
Retail, consumer CEOs see shorter tenures as boards act more quickly
When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more ready to toss top executives before activist…
Emerging negative factors
There is an air of general optimism about the economy today. The Extended Fund Facility of $7 billion was approved by the IMF Executive Board almost two weeks ago. The…
