Author: IA PressRoom

San Miguel president and CEO Ramon AngJINGGO MONTENEJO Billionaire Ramon Ang is investing 10.9 billion pesos ($194 million) to increase his stake in Top Frontier Investment Holdings, the parent company of San Miguel Corp., one of the Philippines’ oldest conglomerates with interests in food, beverages and infrastructure. Ang, through his Far East Holdings Inc, is buying 45 million shares in Top Frontier for 241.42 pesos apiece, more than double the stock’s closing price on Thursday, before the planned share purchase was disclosed in a regulatory filing the next day. The stock rose 10.8 % to 133 pesos in morning trading…

© Reuters. FILE PHOTO: The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg International Economic Forum , Russia, June 6, 2019. REUTERS/Maxim Shemetov/File Photo By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia on Monday named at least 67 current and former staff involved in the leak of confidential government tax plans in an unpublished letter to lawmakers ahead of parliamentary hearings later this week. PwC, one of the world’s “big four” audit and advisory firms, is battling to contain the fall-out from a scandal in Australia, after a former partner who had been…

© Reuters. (Reuters) -Diageo Plc, the world’s biggest spirits company, on Monday said CEO-designate Debra Crew will assume the top role on an interim basis immediately as outgoing boss Ivan Menezes undergoes medical treatment. Long-time boss Menezes, who was set to retire at the end of this month, is currently in hospital receiving treatment for medical conditions including a stomach ulcer, the company said in a statement. “Over the weekend, we learned that Ivan’s recovery suffered a significant setback due to complications, which followed emergency surgery on the ulcer,” Diageo (LON:) said. Diageo, the maker of Johnnie Walker whisky, Tanqueray…

Germany's trade surplus widens in April, largest since January 2021

Twitter’s co-founder Jack Dorsey has endorsed Robert F. Kennedy Jr. for president. Dorsey tweeted that Kennedy “can and will” beat both Donald Trump and Ron DeSantis in the 2024 race. Kennedy, a prominent anti-vaxxer, previously attacked Anthony Fauci over COVID-19 vaccinations. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Twitter’s co-founder and former CEO Jack Dorsey has backed the notorious anti-vaxxer Robert F. Kennedy Jr. for his 2024 presidential run, and is confident that he will beat contenders like former President Donald Trump and…

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekdayGood morning. On Friday I wrote that “if the jobs report comes in much stronger than the consensus estimate of 195,000 new jobs, there might be a bit of a market freak out.” The number came in at 339,000, and the market freaked out. To the upside. The S&P rose 1.5 per cent, its biggest daily gain since April. Maybe the debt ceiling agreement the day before mattered more to investors than the threat of more rate…

4/4 © Reuters. FILE PHOTO: Visitors view the electric car battery production line inside the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 2/4 By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment. In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan’s ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card in half. The small bulb it was…

Nikki Haley, who was the first prominent Republican to announce a challenge to former President Donald J. Trump in the 2024 race, has yet to see her presidential campaign catch fire. On Sunday night, she had a fresh opportunity to make the case for her candidacy during a 90-minute CNN town hall in prime time, in an effort to emerge from the low single digits in polls where she has been mired.Ms. Haley, the former governor of South Carolina and United Nations ambassador under Mr. Trump, was well versed on policy issues, consistently upbeat and evenly tempered. Although she drew…

The index has become so top-heavy that it is effectively just a bet on a handful of stocks.

Billionaire Bill Gates said “you are not a slacker if you cut yourself some slack” Bill Gates has a net worth of $113.9 billion per Forbes. Alex Wong/Getty Images “My last piece of advice is the one I could have used the most. It took me a long time to learn. And it is this: You are not a slacker if you cut yourself some slack,” said Bill Gates to the graduates of Northern Arizona University at their commencement ceremony on May 13.In his commencement speech, Gates shared that he “didn’t believe in vacations.” Only as he got older, he…