New York Times (January 9)
“Saudi Arabia is throwing open its doors to global investors.” From February, all overseas investors “will be allowed to buy and sell shares directly in 262 listed companies.” The question is whether they will want to. “The Tadawul All Share Index is down over the past year, vastly underperforming both the S&P 500 and major global stock indexes.” It is “the Gulf region’s biggest and worst-performing stock exchange,”
Tags: Buy, Global investors, Gulf region, Index, Overseas investors, S&P 500, Saudi Arabia, Sell, Shares, Stock exchange, Tadawul, Underperforming, Worst-performing
Financial Times (November 8)
Stung by the strong yen, over 100 TOPIX-listed manufacturers have issued profit warnings. Conventional cost cutting is no longer doing the trick. “After decades of building plants overseas and trying to make production leaner and more efficient to address the currency vulnerability, analysts say Japanese companies are facing a sobering reality: the urgency to sell underperforming businesses and join hands with rivals to survive brutal market conditions.”
Tags: Analysts, Cost cutting, Efficient, Japan, Leaner, Manufacturers, Overseas, Plants, Production, Profit warnings, Topix, Underperforming, Vulnerability, Yen
