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