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A US jury has convicted former Goldman Sachs banker Roger Ng in connection with the multibillion-dollar 1MDB embezzlement, handing prosecutors a high-profile victory in a scandal that has reverberated from Malaysia and Singapore to Wall Street. After a trial lasting nearly two months, and four days of deliberation, jurors on Friday found Ng, 49, guilty
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BUY: Hilton Food (HFG) Acquisitions have expanded the company’s horizons and look set to define its growth prospects, writes Christopher Akers. It is a time of strategic progress and more diversification for Hilton Food. More than three-quarters of volumes were posted outside the UK in these results, as the food packing company made key acquisitions,
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Capital’s shares are currently sitting at around their all-time high and are up by over 60 per cent over the past year. The mining equipment provider, based in Mauritius, saw its shares briefly retreat after releasing its latest full-year results in March, but they have since spiked. Those results — for the 2021 financial year
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NatWest shareholders have been urged to vote against the group’s executive pay plan at this month’s annual general meeting by an influential proxy adviser, just days after the UK government reduced its stake in the bank to below 50 per cent. Glass Lewis, the consultant whose recommendations are widely followed by institutional investors and passive
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Who doesn’t like a door wreath? At Christmas, it is the announcement to one and all that we are mince-pie ready and embracing festive fun. Come Easter, we are hopeful for a happy and sunshine-filled spring. Floral displays deliver on all this optimism, so why not garnish your front door with a spring wreath too?
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Did you imagine lockdowns in Shanghai and Shenzhen would drive up the cost of transporting goods from China to Europe? If you did, then you’d be wrong. Here’s what’s happened to the price of taking a 40ft container’s-worth of goods from the Far East to Northern Europe on short notice: The data comes courtesy of
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Abu Dhabi’s International Holding Company (IHC), a conglomerate spanning fisheries to healthcare, is investing $2bn in companies belonging to Gautam Adani’s infrastructure empire, as India pursues ambitious green energy targets. IHC’s investment comes less than eight weeks after India and the UAE signed a trade deal and as Adani seeks to fund his sprawling ports-to-power
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Ashmore and other emerging market fund managers face further hits to earnings and worsening outflows, as investors retreat over concerns about higher interest rates, the war in Ukraine and exposure to China. This year will be tougher for most investment managers across Europe as markets become more uncertain, say analysts at Bank of America. The
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