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July 21, 2016 Angela Merkel backs Theresa May's plan not to trigger Brexit this year

Source: The Guardian

The German chancellor, Angela Merkel, has backed Theresa May’s decision to wait until next year before starting the formal process of leaving the EU, despite pressure from others in Europe for a speedier exit.

July 20, 2016 The Morning Risk Report: Proxy Season Tallies Show Stronger Shareholder Voice

Source: Wall Street Journal

The results for 2016 proxy season are still being tallied and full reports aren’t expected until late September, but so far results show that proxy access is here to stay. Also of note, governance experts said, is that board...

July 20, 2016 Profit taking weighs on Asia stocks, dollar holds gains

Source: Reuters

Profit taking weighed on Asian stocks on Wednesday after a record run on Wall Street showed signs of petering out, while the dollar hovered near a four-month high against a basket of currencies following upbeat U.S. data.

July 20, 2016 Port of Baltimore welcomes new generation of cargo ships

Source: Washington Post

BALTIMORE — The port of Baltimore has welcomed the first-ever mega-container ship to arrive at its docks through the newly expanded Panama Canal, marking what officials call a “new era” for the port.

July 20, 2016 U.S. Seeks to Seize $1 Billion Assets Tied to 1MDB, NYT Says

Source: Bloomberg

U.S. federal prosecutors plan to seek permission as early as Wednesday to seize more than $1 billion in assets purchased with money allegedly misappropriated from a Malaysian state investment company, the New York Times reported.

July 20, 2016 Public Pension Funds Perform Better When They Keep Politics at Bay

Source: Harvard Business Review

The enormity of the challenges confronting pension funds — including substantial deficits, a tumultuous global economy, and a low-return environment — means that they need to be able to focus on maximizing investment returns...

July 19, 2016 Wall St. sets records again, led by tech, bank stocks

Source: Reuters

Wall Street closed slightly higher on Monday to mint new record highs for the S&P 500 and the Dow industrials, fueled by Bank of America's better-than-expected profit and a major tech sector acquisition.

July 19, 2016 Henderson calls for investor vote on Bayer's takeover of Monsanto

Source: Reuters

Henderson Global Investors, a minority investor in Bayer has demanded a vote on the firm's $64 billion-plus proposed takeover of Monsanto, which it said threatened the long-term strength of the German chemicals group.

July 19, 2016 Global warming set to cost the world economy £1.5 trillion by 2030 as it becomes too hot to work

Source: The Independent

Global warming will cost the world economy more than £1.5 trillion a year in lost productivity by 2030 as it becomes too hot to work in many jobs, according to a major new report.

July 19, 2016 What Destroyed Venezuela's Economy: Big Government And Anti-Americanism

Source: Forbes

“A vibrant business sector hollowed out by repeated government intervention, nationalization, and grand development schemes which cost the taxpayers a bundle,” writes Mark Mobius On Emerging Markets.

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