HKEX to launch retail fund platform as Hong Kong seeks to burnish status as wealth management hub
Moves aims to make it easier for asset management companies and their sales partners to sell fund products to clients, attracting more companies into the market and broadening choices for investors.
Brookfield and EIG increase offer for Origin to nearly $20bn
Brookfield and EIG have increased their offer for Origin Energy to $9.53 a share, as the consortium looks to revive its bid for Australia’s largest electricity and gas retailer with best and final offer of $19.9bn.
Origin Energy suitors put another $1.2 billion on the table
Brookfield/EIG have raised their offer for Australia’s biggest energy retailer, from $8.91 a share to $9.53 a share, in a bid to get the blockbuster takeover across the line.
Toyota Tried to Create a Tech Startup. Things Went Wrong Fast.
Toyota, the world’s biggest carmaker, launched a startup to help it become a leader in software and other cutting-edge tech. But getting a startup mentality to mesh with a decades-old automaker proved challenging. WSJ reporter River Davis joins host Zoe Thomas to explain what went wrong and how Toyota is trying to correct course. Photo: Edgar Su/REUTERS
Kmart cops $1.3m spam email fine after ignoring warnings
Kmart has been fined more than $1.3m by the communications watchdog after an investigation found the discount retailer sent hundreds of thousands of spam emails to customers and ignored repeated warnings from the regulator.