Olympics-Swimmer calls for expulsion of junta-led Myanmar from Games

Olympics-Swimmer calls for expulsion of junta-led Myanmar from Games
MELBOURNE, May 3 (Reuters) - A leading Myanmar swimmer has called for an international boycott of his country’s Olympic committee, branding it a “puppet” of the southeast Asian nation’s military rulers.Australia-based Win Htet Oo said he had given up his dream of swimming at the Tokyo Olympics in protest at the junta which seized power… Read More

Capital Calls: Reliance spotlights a troubled consumer

Capital Calls: Reliance spotlights a troubled consumer
A woman walks past an apparel store of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni Concise insights on global finance.-----------------------------------------------SHALLOW POCKETS. Reviving Indian consumption will be hard if management commentary and results from Reliance Industries are any indication. Foot traffic at the conglomerate’s grocery, fashion and electronics stores recovered to 88%… Read More

Capital Calls: Ares throws down gauntlet in private credit arena

Capital Calls: Ares throws down gauntlet in private credit arena
A man counts U.S. dollar banknotes in Beirut, Lebanon, March 23, 2021.Concise insights on global finance.-----------------------------------------------ART OF WAR. Ares Management (ARES.N) is upping the ante in the booming market for private credit. The asset manager that oversees $197 billion has just raised 11 billion euros for a fund that will lend directly to European medium-sized… Read More

Capital Calls: Counter-espionage push impacts China Inc overseas

Capital Calls: Counter-espionage push impacts China Inc overseas
The Chinese national flag is seen in Beijing, China April 29, 2020. Concise insights on global finance.-----------------------------------------------EVERY BREATH YOU TAKE. China rolled out new anti-espionage regulations this week to prevent foreign spies from infiltrating the country’s companies. These, report state media, will entail putting pressure on businesses in sectors including “national defense, diplomacy, economy, finance… Read More

Capital Calls: When rebranding turns into Abrdn

Capital Calls: When rebranding turns into Abrdn
The offices of Standard Life Aberdeen in Saint Andrew Square Edinburgh, Scotland, Britain February 15, 2019.Concise insights on global finance.-----------------------------------------------ABERDEEN ANGUISH. When a company is already called Standard Life Aberdeen (SLA.L), it’s hard to come up with a worse brand. So hats off to the 6 billion pound asset manager for belatedly following the “disemvoweling”… Read More

Capital Calls: ESG handcuffs

Capital Calls: ESG handcuffs
Concise insights on global finance in the Covid-19 era.------------------------------------------------INCARCERATION ARBITRAGE. Running prisons for profit raises moral questions. That makes companies like CoreCivic (CXW.N) and GEO (GEO.N) and their financiers fair game for environmental, social and governance activists . Barclays (BARC.L) has discovered that the opprobrium isn’t easily avoided, even when there are a couple of… Read More

Russia calls US ‘adversary’, rejects NATO call to end Ukraine build-up

Russia calls US ‘adversary’, rejects NATO call to end Ukraine build-up
(Refiles to remove extraneous character from headline, no change to text)Snipers of the Ukrainian armed forces aim their rifles during training at a firing range near the town of Marinka in Donetsk region, Ukraine April 13, 2021. REUTERS/Anastasia VlasovaBRUSSELS/MOSCOW (Reuters) -The United States called on Russia to halt a military build-up on Ukraine’s border on Tuesday… Read More

Japan calls for Renesas help from equipment makers at home and overseas

Japan calls for Renesas help from equipment makers at home and overseas
FILE PHOTO: Renesas Electronics Corp's logo is seen on its product at the company's conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai/File PhotoTOKYO (Reuters) - Japanese government bureaucrats have called and emailed equipment makers in Japan and overseas to request they provide parts and machinery to help Renesas Electronics Corp, restore chip production at… Read More

Cuomo calls for outside review after second former aide alleges sexual misconduct

Cuomo calls for outside review after second former aide alleges sexual misconduct
(Reuters) - New York Governor Andrew Cuomo called on Saturday for an outside review following a report of sexual misconduct allegations against him by a second former aide, compounding problems for one of America’s most well-known Democratic politicians.FILE PHOTO; Governor of New York Andrew Cuomo arrives at the unveiling for the Mother Cabrini statue in… Read More

EU calls on China to allow ‘meaningful access’ to Xinjiang

EU calls on China to allow ‘meaningful access’ to Xinjiang
FILE PHOTO: A Chinese police officer takes his position by the road near what is officially called a vocational education center in Yining in Xinjiang Uighur Autonomous Region, China, September 4, 2018. REUTERS/Thomas Peter/File PhotoGENEVA (Reuters) - European Union foreign policy chief Josep Borrell called on China on Tuesday to allow U.N. human rights boss… Read More