BOSTON (Reuters) – Billionaire investor William Ackman, whose portfolio has gained almost 50% this year,…
(Reuters) – General Electric Co (N:GE) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE’s new CEO.
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war.
At the close in Toronto, the S&P/TSX Composite declined 0.21% to hit a new 3-months low.
The Ireland-based company raised A$211 million ($143.21 million) from its initial public offering, Australia’s largest so far this year.
Investing.com – Asian markets were mixed in morning trade on Friday as Beijing said the looming U.S. tariffs on Chinese goods are violations of accords reached earlier this year.