The wave of sexual misconduct scandals that has hit the entertainment and corporate worlds in 2017 will have investment repercussions in 2018, private equity giant KKR warned clients. Investors should be on the lookout for companies whose executives get into trouble, the firm said, though it also cautioned that the options to protect against such […]
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A LITTLE over a year ago, Gulliver gave a downbeat assessment of the prospects for Turkey’s aviation sector. Having enjoyed a decade of uninterrupted growth of more than 10% a year, Turkish Airlines, the country’s flag-carrier, was grounding aircraft and closing routes amid growing unrest at home and violence across its border with Syria. Concerns […]
Read moreEx-financial regulator wishes he invested in bitcoin back when he was telling everyone to be careful
A former financial regulator said Thursday that he wished he had invested in bitcoin and other popular cryptocurrencies back when he was telling everyone to be careful. Bart Chilton, a former commissioner of the Commodity Futures Trading Commission, says he’s been calling for cryptocurrency regulation since 2012. In the fall of 2017, when the price […]
Read moreDropbox has secretly filed to go public in the first half of this year, according to a Thursday Bloomberg report. The cloud company, last valued at $10 billion, hired Goldman Sachs and J.P. Morgan to handle the U.S. offering, according to Bloomberg. Dropbox was not immediately available to comment on the report. With annualized sales […]
Read moreConsumer hardware guru Tony Fadell is doubling down on his call for tech companies to provide better tools to manage digital addiction. “Apple is at the core of this, and so is Google,” Fadell said to CNBC’s “Squawk Alley” on Thursday. “They should be able to give us back a ‘day in the life’ of […]
Read moreThe world may not be ending for digital currencies after all. South Korea’s Justice Minister Park Sang-ki said on Thursday that a bill is being prepared to ban all cryptocurrency trading on the country’s exchanges, which drove digital currency prices sharply lower. The price of bitcoin tumbled more than 12 percent from its day’s high […]
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THE timing could hardly have been worse. Just as the tech industry was preparing for its big annual trade show, CES, held this week in Las Vegas, it was hit by one of the most worrying computer-security scares of recent times. On January 3rd it emerged that most microprocessors, the brains of electronic devices, are […]
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DESPITE her father’s pleas, Cherry Liu refused to work for the family business, a small electronic-components company founded in 1979 on the outskirts of Taipei. A 34-year-old diamond dealer based in Sydney, Ms Liu says she is simply not passionate about gadgets such as circuit-breakers. Nor are her siblings. Her 64-year-old father cannot find a […]
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IN JUST a few short years Spotify has evolved from bête noir of some of the world’s most prominent recording artists to perhaps their greatest benefactor. The Swedish company transformed the way people listen to music, and got them used to paying for it again after digital piracy had crippled sales. Global revenues from music […]
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FOR seasoned bankers and starry-eyed entrepreneurs alike, doing an IPO, or initial public offering, is synonymous with the very idea of taking a firm public. No wonder, then, that the decision by Spotify, a music-streaming service, to opt for an unconventional alternative called a “direct listing” has prompted debate. Instead of paying investment banks hefty […]
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