In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to “correct its course.” The message was as a rallying cry by one of China’s most prominent tech leaders to a company going through one of the most tumultuous times in its history.Alibaba’s share price was near record lows, growth was stalling amid intensifying competition, management changes were coming thick and fast, and Beijing was still closely scrutinizing the company. Ma himself was barely in the public view.But his message may have instilled some new hope in Alibaba — the e-commerce giant…
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Image source: Getty Images As we approach the new 2025-26 ISA year, it’s time for newcomers and savvy investors alike to prepare their strategies. Let’s explore how investors can get ahead. The basics First, investors should ensure they’ve used as much of their £20,000 ISA allowance for the 2024-25 tax year as possible. Remember, the Junior ISA, for those of us with kids, has a maximum annual contribution of £9,000. Moreover, this transition period presents an excellent opportunity to review existing investments. Investors should assess whether their current portfolio aligns with their goals and risk tolerance. Rebalancing might be necessary,…
[content-module:CompanyOverview|NYSE:OXY] Occidental Petroleum Co. (NYSE: OXY) is primarily recognized in the energy sector as a leading international oil and gas producer. It’s notably been a growing position for the Oracle of Omaha as Berkshire Hathaway Co. (NYSE: BRK.B) raised its stake to 28% of the company in February 2025. What is not so well known is Occidental Petroleum’s ambitions to become a leading player in the decarbonization movement, enabling itself and others to reach net-zero levels.This goal is not just to get the green theme but to generate another source of revenue to offset some of the volatility of oil prices.…
(Bloomberg) — India announced a borrowing plan for the first half of the fiscal year that’s lower than market expectations. Most Read from Bloomberg The government plans to sell eight trillion rupees ($93.2 billion) of bonds in the six months to September, the Ministry of Finance said in a statement after trading ended on Thursday. That’s lower than the 8.4 trillion rupees estimated in a Bloomberg News survey. Indian bonds may react positively to lower borrowings and help extend this year’s gains, driven by growing bets of a cut in interest rates at the Reserve Bank of India’s policy review…
Chinese President Xi Jinping met with global executives on Friday, March 28, 2025.CNBC | Evelyn ChengBEIJING — Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing focuses on reaching out to businesses amid escalating trade tensions with the U.S.He said multinational companies had a big responsibility to “uphold global order” and that they needed to work hand in hand with China.Xi emphasized that China was a safe and stable place for foreign companies. “To invest in China is to invest in tomorrow,” he said in Mandarin translated by CNBC. Echoing recent…
Image source: Getty Images The S&P 500’s recent volatility reflects several things, many of them connected. The index has shed 10% since mid-February 2025, driven primarily by President Donald Trump’s aggressive tariff policies. His March 2025 decision to impose 20% tariffs on Chinese imports and levies on Canadian goods triggered a $4trn market value wipeout. More tariffs will be announced next week. These protectionist measures have heightened fears of a global trade war, and the S&P 500 briefly erased all post-November 2024 gains. At the time of writing (26 March), we’ve seen a small rally. However, the stocks are still cheaper…
(Reuters) – BlackRock has launched its first model portfolio blending private and publicly traded assets, it said on Wednesday, as it looks to expand its footprint in the lucrative private market landscape. Model portfolios are blueprints that financial advisers use to manage their clients’ investments. Tailored for a variety of risk tolerances and goals, they can help advisers save time and costs they would otherwise have spent on building portfolios from scratch. Adding private assets to these portfolios, which typically consist of stocks and bonds, could help BlackRock tap a broader investor base. The move aligns with the asset manager’s…
Towfiqu Barbhuiya via Unsplash. It has joined a joint carbon credit facility to promote and disseminate such technologies.Mizuho Financial Group has joined NextGen CDR Facility as a buyer of technology-based carbon dioxide removal (CDR) credits.This makes Mizuho the first Japanese bank to conclude a long-term purchase agreement for said credits, MFG said in a press release on its website.The NextGen CDR Facility is a joint carbon credit purchasing facility operated byNextGen CDR AG, which is a joint venture of Mitsubishi Corporation and South Pole, the world’s leading carbon asset developer and climate consultancy.The facility aims to promote and disseminate technologies…
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Australia, New South Wales, Sydney Scott E Barbour | The Image Bank | Getty ImagesAsia-Pacific markets mostly fell on Friday as U.S. President Donald Trump’s tariff threats kept investors on edge.Japan’s Nikkei 225 lost 2.09%, sinking to its lowest in two weeks, data from FactSet showed, while the Topix fell 2.19%. South Korea’s Kospi traded 1.76% lower and the small-cap Kosdaq dipped 1.44%.Hong Kong’s Hang Seng Index slid 0.41% while mainland China’s CSI 300 dipped 0.25%.Australia’s S&P/ASX 200 added 0.36% as Prime Minister Anthony Albanese announced a national election on May 3, kicking off a five-week campaign.Investors will continue eyeing…