Global Dividends Plunged by a Fifth in Q2, but the Impact of Covid-19 Varied Enormously Around the World and Across Different Industries

William Arsn

Global dividends fell $108.1bn to $382.2bn in the second quarter The headline 22.0{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} decline (19.3{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} underlying) was the worst since JHGDI was launched in 2009 All regions saw lower payouts except North America, where Canadian payments proved to be resilient Europe and the UK were worst affected Healthcare and communications […]

Tweeting South Africa finance minister reprimanded

William Arsn

© Getty Images President Ramaphosa (L) said Mr Mboweni’s (L) tweets were unfortunate and did not represent his government’s views South Africa’s President Cyril Ramaphosa has “strongly reprimanded” his finance minister for tweets criticising the sacking of a top government official in Zambia. “Presidents in Africa must stop this nonsense […]

Global Dividends Outcome ‘Worst Since Global Financial Crisis’

William Arsn

The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}-23{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} this year or what could be as much $400 billion, a new report has shown, although sectors such as tech are fighting the trend. Global dividend payments plunged $108 billion to $382 billion in the second […]

Nic Carter: What Ethereum’s Fees Mean for Its Future

William Arsn

CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup. What was once an idle supposition is now concrete. Public blockchains are destined to privilege the largest, most fee-tolerant […]

David Abrams Further Breaks Camp With Camping World Holdings

William Arsn

The former Seth Klarman (Trades, Portfolio) protege follows a fundamental, value-oriented approach to stock picking, investing in a fairly concentrated number of stocks. His Boston-based firm looks for long-term opportunities across a wide array of asset types in both foreign and domestic markets. He also prefers companies in which the […]

Reliance Overtakes Exxon to Become World’s No. 2 Energy Firm

William Arsn

(Bloomberg) — Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which is controlled by Asia’s richest man and manages the world’s biggest oil refinery complex, […]

Muthoot Finance, up over 70{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} this year, may soon get added to MSCI India Index

William Arsn

An astounding rally in the shares of Muthoot Finance Ltd. has made the lender big enough to be added to the MSCI India Index, analysts say. Shares of India’s largest cash-for-gold lender have surged 71{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} this year, the third-biggest gain on a gauge of the nation’s top 200 firms. The […]