Activist investor Land & Buildings Investment Management LLC said on Tuesday that a C$1.74 billion ($1.30 billion) go-private proposal for Hudson's Bay Co from the company's chairman and other shareholders was "woefully inadequate".
The suspension of Neil Woodford's flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly.
Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company.
China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as the long-term promise of a growing middle class trumps more immediate fears about tariffs.
Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold.
Australia's banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd's pension fund units following concerns regarding its compliance with superannuation laws, sending its shares down more than 4%.
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