April, 2017

• 16 April

  Infosys boosts investor payout as sales forecast disappoints

  

    Bloomberg Infosys Ltd. will return $2 billion to shareholders this year and pledged to raise dividends and stock-buybacks as it deploys more of its cash hoard after delivering a sales outlook that fell short of estimates. Starting this year, it will begin distributing as much as 70 percent of annual free cash flow, compared with a previous policy of ...

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• 16 April

  Trump pick for export-import bank is critical of its mission

  

    Bloomberg President Donald Trump said he’ll nominate a critic of the US Export-Import Bank — one who has derided the bank as “corporate welfare” — to run the institution, which has been operating under strict lending limits because of a partisan battle over its mission. Trump, who as a candidate said he didn’t think the bank needed to exist, ...

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• 16 April

  BT CEO pay plunges as board weighs bonus clawbacks

  

    Bloomberg BT Group Plc Chief Executive Officer Gavin Patterson faces a significant hit to his compensation after the company reduced its profit outlook in January and tripled a writedown from an accounting scandal in Italy. The board of the former UK phone monopoly is considering clawbacks of past management compensation due to the revised financial results from Italy as ...

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• 16 April

  Environmental groups warn UK government on post-Brexit deals

    LONDON / AP International environmental groups are warning Britain’s government not to reduce its commitment to fighting climate change and wildlife poaching when it negotiates post-Brexit trade arrangements with other countries. Greenpeace, WWF, and Friends of the Earth have signed a letter to PM Theresa May stressing that environmental protection must remain a priority after Britain leaves the European ...

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• 16 April

  America’s dangerous amnesia about world order

  

    In an unsettled time, with an unsettling president, many Americans are unsure of their conception of the world and their country’s role in it. What should the United States be doing – if anything – to shape the global order? To answer this question, we need to better understand ourselves and our history. Americans regularly make three curious – ...

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• 16 April

  Infosys generosity falls short of what investors need

  

    Two takeaways from Infosys Ltd’s earnings announcement on Thursday are worthy of note. First, slower growth is here to stay. And second, Infosys has buckets of cash it needs to get rid of. After average annual revenue growth of 17.6% over the past decade, the Indian outsourcing leader grew its top line just 9.7% last year in rupee terms, ...

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• 16 April

  Make financial reform about simplicity

    President Donald Trump’s top economic adviser — former Goldman Sachs executive Gary Cohn — has come out in favor of a radical reform: restoring the Depression-era Glass-Steagall Act, which for much of the 20th century separated bread-and-butter commercial banking from high-octane investment banking. The thinking behind this proposal is appealing. The basic idea is to narrow the scope of ...

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• 16 April

  Escalating tensions between US, N Korea

    US Vice President Mike Pence arrived in South Korea at the start of a 10-day trip to Asia a day after North Korea paraded its intercontinental ballistic missiles in a military display in Pyongyang to celebrate the 1912 birthday of Kim Il Sung, North Korea’s founding ruler. Pence Asia trip coincides with the North Korea’s failed missile launch. It ...

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• 16 April

  One more thing to blame on senior management!

  

    When I was studying for my doctorate in economics, a friend was studying for his in strategy. When I asked to explain the difference between the two fields, he said it boiled down to one thing — economists assume that companies behave optimally, while strategists try to find ways they can do better. In some corners of the econ ...

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• 16 April

  Trump’s Obamacare obsession must die

  

    Another day, another refusal to admit that GOP efforts to repeal and replace the Affordable Care Act (ACA) are dead. In an interview with Fox Business that aired recently, President Donald Trump said it’s been “misreported” that his administration has failed in its efforts reform health care. He suggested that his party’s reforms will result in $900 billion in ...

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