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Activist investor Flashlight Capital Partners has lost a closely watched legal challenge against former directors of South Korean tobacco giant KT&G, in a case that tested the extent of board accountability over treasury shares, according to a report by Bloomberg.
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The Saudi riyal saw varied performance against foreign currencies on Wednesday, with the US dollar steady at 3.7500 riyals, according to central bank data.
The Saudi riyal saw mixed performance against Arab currencies on Wednesday, with the Egyptian pound at 0.0751 riyals and the Kuwaiti dinar at 12.1319 riyals.
Real estate is not among the top life goals for most wealthy Hong Kong residents, while travel is emerging as a form of investment, a study has shown.
AI-focused hedge fund Situational Awareness has accumulated an 11.62% holding in Japanese electronics manufacturer Taiyo Yuden, sending the company’s shares higher as investors assess the fund’s…