[ad_1] By Xinghui Kok SINGAPORE (Reuters) – Singapore’s former Transport Minister S. Iswaran has pleaded guilty to receiving gifts while in office, as proceedings began on Tuesday in the first graft trial involving a minister in this Asian financial hub. The case, which charges Iswaran with receiving favours that included tickets to English Premier League soccer matches and to the Singapore Formula 1 Grand Prix, has gripped the wealthy city-state, which prides itself on having a well-paid and efficient bureaucracy as well as strong governance. Iswaran, who joined the cabinet in 2006, is the first Singaporean minister to be tried…
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[ad_1] Image source: Getty Images I’m searching for the best FTSE 100 recovery shares to buy for next year. And Burberry Group (LSE:BRBY) is near the top of my list after its recent share price collapse. Should I buy it for my portfolio? Here’s my view. On the rack I take Warren Buffett‘s advice to “never invest in a business you cannot understand” extremely seriously. It’s why I’ve never previously considered buying Burberry shares for my portfolio. It might be my age, or because I don’t understand fashion. Regardless, I don’t know what makes its products better or worse than…
[ad_1] Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. For this episode, I’m tackling carbon credits with my guest Mahesh Ramanujam, CEO of Global Network for Zero and formerly the president & CEO of USGBC. For Ramanujam, carbon credits are a necessary bridge to achieving net zero in commercial real estate and the world. Not everyone shares that view, so we talk about why carbon credits have a public relations problem and the need for greater transparency and more verification. “Our work is to really make the invisible…
[ad_1] Choosing the right gold investment matters, even with the price of gold continuing to climb. Getty Images After reaching a new all-time high of over $2,600 per ounce yesterday, gold prices have continued to surge. Less than 24 hours later, the price of gold is now sitting at nearly $2,660 per ounce. That may seem surprising, given that gold is typically a long-term investment, but the precious metal has hit numerous record highs so far this year, with gold prices up nearly 29% year-to-date. In turn, gold has become an increasingly attractive asset for investors.If you’re considering joining the…
[ad_1] (Reuters) – Australia’s federal court has imposed a record A$12.9 million ($8.89 million) fine on top U.S. asset manager Vanguard’s local unit for making misleading claims about its ethical and green investment options, the country’s securities watchdog said on Wednesday.The Australian Securities & Investments Commission (ASIC) said the court found Vanguard Investments Australia misled investors about its “ethically conscious” bond index fund. The fund said it screened issuers to exclude those with operations in some sectors such as fossil fuels, when that was not always the case, ASIC added.”Approximately 74% of the securities in the Fund by market value…
[ad_1] By Christoph Steitz FRANKFURT (Reuters) – When labour unions step into the ring with Volkswagen (ETR:) executives on Wednesday to fight over job security and plant closures, it will mark the toughest test yet for the most powerful figure at the automaker behind its CEO: Daniela Cavallo. But the 49-year-old Italian-German will also appear a formidable opponent for managers, having risen through the ranks to become the first female head of the company’s works council, styling herself as a defender of the “Volkswagen family”. The negotiations start less than a month after Volkswagen said it might close plants in…
[ad_1] 2024-08-23 China Daily Editor：Li Yan Visitors check out rare-earth material samples during an international mineral cooperation forum in Nanning, Guangxi Zhuang autonomous region, in May 2023. (YU JING/CHINA NEWS SERVICE) China’s efforts to promote high-quality development of the rare-earth metals and minerals sector will offer strong impetus to the industry’s green and standardized development amid growing demand for crucial raw materials from emerging areas like new energy vehicles, said industry experts and company executives. Their comments came as the country is stepping up efforts to drive the sector’s high-quality development after unveiling new regulations on mining, smelting and trading…
[ad_1] (Bloomberg) — Asian shares rose as a rally fueled by China’s wide-ranging stimulus package lifted equities for a second day and strengthened the yuan.Most Read from BloombergChinese stocks extended gains after the People’s Bank of China on Tuesday unveiled measures to support the economy and financial markets. The onshore benchmark CSI 300 rose as much as 3.2% and is on track to erase its year-to-date losses. The offshore yuan strengthened past 7 for the first time since May 2023.The stimulus that helped the regional stock gauge to soar to the highest level since February 2022 is the latest positive…
[ad_1] By Kanishka Singh WASHINGTON (Reuters) – Republican presidential candidate Donald Trump was briefed on Tuesday by U.S. intelligence officials on alleged threats from Iran to assassinate him, Trump’s campaign said. “President Trump was briefed earlier today by the Office of the Director of National Intelligence regarding real and specific threats from Iran to assassinate him in an effort to destabilize and sow chaos in the United States,” the campaign said in a statement. The campaign said that intelligence officials have identified that Iranian threats have “heightened in the past few months” and U.S. government officials were working to protect…
[ad_1] “We don’t think we were wrong. We think we were early.” A cringe-worthy answer that rings alarm bells for investment consultants. Higher inflation, increased market volatility, and more variable nominal interest rates are significant opportunities for active managers who can demonstrate their value with differentiated, customer-centric products. But with active management under ongoing scrutiny, investment managers are being caught off guard by tougher questions from an increasingly sophisticated allocator market. Are you prepared for your next beauty parade? The Changing Conversation Between Allocators and Managers I recently sat down with manager selection experts Evan Frazier and Joe Wiggins. During…