For Kim, the events are a dramatic reversal. Born in South Korea and educated at Harvard University, he founded MBKP in 2005 after a successful career at Carlyle Group. Over two decades, he built MBKP into one of Asia’s largest homegrown private equity funds, winning deals across China, Japan, and Korea.
“The bond market is speaking, equity markets aren’t really listening at this point,” Thomas Taw, head of Asia Pacific investment strategy at BlackRock Asset Management, said in a Bloomberg Television interview. “All these measures that are coming through, whether it’s tax bill, tariffs, et cetera, these are all inflationary type of measures.
“The recent zig-zags in Venezuela policy have left investors, and frankly everyone else, with their heads spinning,” said Geoff Ramsey, a senior fellow at the Atlantic Council in Washington. “The question is whether the administration can articulate these two approaches into a single, more cohesive ‘good cop, bad cop’ routine.”
The G7 countries, which comprise the UK, US, Germany, France, Italy, Canada, and Japan, have been exploring ways to toughen the price cap to better degrade Moscow’s ability to fund its war in Ukraine. Under the current terms of the price cap, which is set at $60, western operators can insure and transport oil from […]
For example, she said, the environmental licensing process for a hydroelectric plant takes an average of 10 years, and the country has 27,000 regulations. In 2022, she said, more than 5,000 projects — including highways, railways, waterways, transmission lines, mineral pipelines, gas pipelines and fiber-optic cables — were stalled over licensing issues.
Since the 1950s, Canada and the US have had a joint air defense system known as the North American Aerospace Defense Command, or Norad. In 2022, Canada unveiled a C$38.6 billion ($27 billion) long-term plan to contribute to a modernized Norad. That funding includes a new Australian-developed radar system to detect incoming missiles, announced by […]
The sixth generation of the RAV4, a model which made its US debut in 1996, boosts output by as much as 236 horsepower, up from 219 currently. Toyota didn’t specify expected fuel economy, but the plug-in’s electric-only mode range grows to 50 miles, which is 20% greater than the current version.
The slow ad recovery has been weighing on Baidu’s shares the most, said Kai Wang, a Morningstar Inc. analyst. “Once advertising comes back, Baidu’s valuation should come up pretty quickly, as that’s likely holding the AI business back,” he said. “It’s one of the few players in China that can actually build out the data […]
The liquefied natural gas and logistics company asked to be reconsidered for the 800-megawatt contract to help shore up the US commonwealth’s shaky electric grid, according to a letter it sent to the Puerto Rico governor’s office. New Fortress argued that it would be the cheapest power supplier and could provide clean fuel and a […]
The report by Global Energy Monitor, an organization that tracks energy projects around the globe, said efforts to decarbonize steelmaking are gaining traction around the world. However, in India, which is the world’s second largest steel-producing nation, overwhelming reliance on coal-based technologies presents a big challenge.