Ousted Renault-Nissan boss Ghosn leaves Japan for Lebanon

PARIS (Reuters) – Carlos Ghosn, the ousted boss of the Renault-Nissan (RENA.PA) (7201.T) carmaking alliance who was awaiting trial in Japan on charges of financial misconduct, flew into Lebanon on Monday evening, several newspapers reported. FILE PHOTO: Former Nissan Motor chairman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Continue Reading

Activist hedge fund Marcato Capital to shut down after drop in assets

BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday. FILE PHOTO: Blackstone Group CEO and Co-Founder Steve Schwarzman speaks at a Reuters Newsmaker event in Continue Reading

Asian shares hit 18-month top in festive cheer; oil, gold hold gains

SYDNEY (Reuters) – Asian shares jumped to an 18-month high on Friday while gold and oil prices stayed buoyant in a holiday-shortened week, as investor optimism was boosted by hopes a U.S.-China trade deal would soon be signed. FILE PHOTO: A man is reflected on a stock quotation board outside Continue Reading

How risky ETFs won the decade – and why they might not repeat that performance

NEW YORK (Reuters) – Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some cases neared 2,000%, despite warnings that they are not suitable for most investors. FILE Continue Reading

China’s industrial output to grow around 5.6% year-on-year in 2019: ministry

FILE PHOTO: Employees work at the production line of aluminium rolls at a factory in Zouping, Shandong province, China November 23, 2019. Picture taken November 23, 2019. REUTERS/Stringer BEIJING (Reuters) – China’s industrial output is expected to grow around 5.6% in 2019, the Ministry of Industry and Information Technology said Continue Reading

D.E. Shaw’s Orienteer strategy posts double-digit returns this year

BOSTON (Reuters) – D.E. Shaw’s Orienteer platform, the backbone of the $50 billion investment firm’s multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime. The Orienteer platform’s HV variant gained 41.3% through November while the main Orienteer strategy gained 25.8% during the Continue Reading

Asian shares ease from highs, reaction to impeachment muted

TOKYO (Reuters) – Asian shares pulled back from a one-and-a-half year peak on Thursday as investors booked profits ahead of holiday trade and awaited further data on the state of the global economy. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Continue Reading