Wework, Wewait, Weworry
SoftBank has lost faith in Adam Neumann’s ability to lead WeWork and is expected to call for a board meeting to demote him as early as this week, after the lossmaking property group shelved its initial public offering and the chief executive’s volatile behaviour and drug use came to light.
China Sovereign Wealth Fund Recorded 2.35% Loss in 2018
China Investment Corp. (CIC), the nation’s $941 billion sovereign wealth fund, reported a disappointing investment return for last year amid turbulence in global stock markets. The fund reported a 2.35% loss on overseas investments in 2018, a stark contrast to a 17.5% gain a year earlier.
HKEX has roped in UBS to help court LSE investors
Hong Kong Exchanges & Clearing Ltd. has started working with UBS Group AG as it begins its charm offensive to convince London Stock Exchange Group Plc investors on the merits of its takeover bid, people familiar with the matter said.