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TOKYO: The world’s biggest pension fund posted the worst annual performance since the global financial crisis, with losses exacerbated by unfavorable currency moves and a foray into equity markets.
SINCE the inception of the National Transformation Programme in 2009, one of the National Key Result Areas (NKRAs) that received particular public attention as a critical area that required reform was the Anti-Corruption NKRA. Among the proposed initiatives and building blocks in institutionalising anti-corruption enforcement was the governance of political financing.
LONDON: UK chancellor of the exchequer Philip Hammond suggested he may have to make spending cuts in his autumn budget to fill the gap in public finances created when he was forced to scrap his plan to raise insurance taxes for the self-employed.
LONDON: To one of Britain’s best known private-equity veterans, Theresa May is the least business-friendly Conservative prime minister in decades.
LONDON: London house prices rebounded in May, rising to a record as buyers and sellers defied the usual trend of holding off on property transactions before an election.