BlackRock voted to replace Tesla's Musk with independent chairman

Funds run by BlackRock Inc voted in favor of a recent shareholder proposal that would have required Tesla Inc to replace Elon Musk with an independent chairman.


from Reuters: Wealth https://ift.tt/2wqEZFK

Limited engagement: Top funds backed gunmaker Ruger board despite no talks

Funds run by BlackRock Inc and Vanguard Group backed all directors at gunmaker Sturm Ruger & Co Inc despite the company's rare rejection of talks with the world's top asset managers, disclosures...


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U.S. fund investors favor stocks, emerging markets in week: Lipper

Investors overcame fears over a potential trade war and added money to domestic stocks and emerging markets in the latest week, Lipper data showed on Thursday.


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Merrill Lynch does about face on fiduciary-era policy

Bank of America Corp's wealth management arm Merrill Lynch said on Thursday it is reintroducing commissions for its retirement accounts, reversing a policy put in place to comply with Obama-era...


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JPMorgan to liquidate Roumani-led $1 billion hedge fund: Bloomberg

JPMorgan Chase & Co's asset management arm is liquidating a $1 billion credit hedge fund led by Fahad Roumani after abandoning a plan to spin it off, Bloomberg reported on Thursday, citing a letter...


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Portugal seduces parched investors with water: plenty of it

As wildfires scorched California yet again this summer, Jose Dariush Leal da Costa, a Bay Area native with Portuguese roots, was harvesting his first almonds in a sun-drenched, watery oasis in southern Portugal.


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Taiwan's last African ally holds out despite overtures by China

While China meets African leaders at a major summit in Beijing next week, the king of eSwatini, self-ruled Taiwan's last remaining ally on the continent, will be hosting thousands of people at a traditional Reed Dance ceremony.


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Kremlin says Putin, Trump could hold talks three times this year: Izvestiya

Kremlin said on Friday it did not rule out the possibility that Russian President Vladimir Putin could hold talks with U.S. President Donald Trump at three summits due to take place in 2018, including those in Singapore, France and Argentina.


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Cambodian court jails Australian filmmaker for six years for espionage

A Cambodian court jailed an Australian filmmaker for six years on Friday after finding him guilty of espionage for flying a drone over an opposition party rally.


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Japan's military seeks record spending to reinforce North Korea missile defenses

Japan's military wants record spending next year to help pay for major upgrades to defenses designed to shoot down North Korean ballistic missiles that Tokyo sees as a continued threat despite Pyongyang's promise to abandon nuclear weapons.


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New Zealand PM Ardern has two ministers step aside

New Zealand Prime Minister Jacinda Ardern has had to strip one minister of her portfolio and had another step aside in less than a week, capping off a month of challenges for the popular premier since her return from maternity leave.


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Catholic church in Australia rejects mandatory reporting of child abuse discussed in confessional

The Catholic church in Australia on Friday rejected laws forcing priests to report child abuse when they learn about it in the confessional, setting the stage for a showdown between the country's biggest religion and the government.


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Duterte says Philippines better off run by dictator if he were not around

President Rodrigo Duterte has said graft and illicit drugs were so entrenched in the Philippines that if he were not around, it would be better off run by a dictator such as late strongman Ferdinand Marcos.


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Thrill-seeking runners take sport - and spending - to rural China

At dawn, high on the Qinghai-Tibetan plateau, a Buddhist monk in saffron robes chants blessings over limber athletes preparing to run 100 kilometers across sand dunes, rivers and ravines.


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Trump tweets are 'messages from some alternative universe': China Daily

Twitter comments by U.S. President Donald Trump accusing China of hacking former presidential candidate Hillary Clinton's email server are an attempt to cast China as a "scapegoat", the official China Daily said in an editorial Friday.


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