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  • What to watch in the markets: Tuesday, August 22

    Here's a look ahead at what will be making headlines on Tuesday, August 22

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  • Naspers Investor Allan Gray to Oppose Executive Pay Policy
    Business
    Bloomberg15 hours ago

    Naspers Investor Allan Gray to Oppose Executive Pay Policy

    Naspers Ltd. shareholder Allan Gray Ltd. plans to vote against the remuneration policy of Africa’s biggest company because it isn’t aligned to the performance of the business outside a stake in Chinese media giant Tencent Holdings Ltd. Naspers paid Chief Executive Officer Bob van Dijk $2.2 million in the year through March, an increase of 32 percent, and awarded him $10.4 million in long-term share options. That corresponded with a period in which the Cape Town-based company reported a trading profit of $2.75 billion -- or a loss of $379 million when Tencent is stripped out. The pay plan “is not aligned with shareholders’ interests, the disclosure is poor, and the performance targets appear to

  • Japan's Topix Outshines Nikkei 225 Thanks to BOJ's ETF Buying
    Finance
    Bloomberg16 hours ago

    Japan's Topix Outshines Nikkei 225 Thanks to BOJ's ETF Buying

    The Bank of Japan’s reduction of the amount it invests in the Nikkei 225 Stock Average is leaving the blue-chip gauge lagging behind the broader Topix index by the most in nearly two years. Following criticism that its exchange-traded funds purchases are distorting the stock market, the central bank said in September it would reduce its Nikkei 225 buying in favor of the Topix. While a 26 percent slide this year by Uniqlo clothing stores operator Fast Retailing Co. -- which has the heaviest weighting in the price-weighted smaller gauge -- has contributed to its underperformance, falling out of favor with the BOJ is having more of an impact, according to analysts.

  • Your Credit Score Could Make or Break Your Love Life
    Business
    Bloomberg22 hours ago

    Your Credit Score Could Make or Break Your Love Life

    One study, released two years ago, looked at consumer credit data over 15 years and found that the higher the year-end credit score, the likelier the person was to form a romantic relationship over the next year. Now comes a survey from Discover Financial Services and Match Media Group, parent of Tinder and other dating sites, that shows just how appealing a good credit score can be. Financial responsibility was ranked as a very or extremely important quality in a potential mate by 69 percent of the 2,000 online daters surveyed.