Passive investing boom is creating a ‘frightening’ risk for markets, Morgan Stanley says

Redeker said that investors into passive funds can choose risk strategies allowing them to sell out completely if their investment drops by a certain amount, and this can cause a cascade effect, where small market moves are amplified if passive funds automatically...

Hungarian government faces anti-Semitism claims amid vilification of George Soros

A government campaign portraying billionaire businessman George Soros as the enemy of the Hungarian people has prompted a public outcry with people accusing the ruling right-wing Fidesz party of Nazi-era anti-Semitism. The election campaign run by incumbent Prime...

Newspapers to bid for antitrust exemption to tackle Google and Facebook

The news industry is to band together to seek a limited antitrust exemption from Congress in an effort to fend off growing competition from Facebook and Google. Traditional competitors including The Washington Post, The Wall Street Journal and The New York Times, as...

The ‘bulk’ of job cuts are over for us, Keppel CEO says

It might take time for the offshore marine sector to regain its footing, but the worst of the downturn could be over for the largest offshore rig builder in the world. “We are watching carefully … As far as we are concerned, the bulk of it is done,” Keppel...

China’s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal

Dalian Wanda Group said it would sell Chinese tourism projects and hotels to Sunac China for $9.3 billion, marking a step back for the property giant from its theme park ambitions. The sale — the second-biggest real estate deal ever in China according to Reuters data...

Traditional grocers should be ‘very worried’ about Amazon Prime Day deals

Amazon‘s third, annual Prime Day is next week, and shoppers are routinely buzzing about when and where to find the best deals. But this year is different. With the Amazon-Whole Foods deal at the top of everyone’s mind, the Seattle-based e-retailer this...