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...Bob van Dijk is stepping down as chief executive of Naspers, the South African internet company and the single-biggest shareholder in China’s Tencent through its Prosus investment arm....
...In response, Disney said on Thursday it “has a proven track record of delivering long-term value to our shareholders and is in the midst of a significant transformation”....
...Any pay-off from these changes will take time, given the long gestation period for feature films....
...Iger and Roberts, both long-serving media chiefs, have competed against each other for decades....
...Disney’s India sports business is expected to lose money for years to come, a prospect that was difficult for the company as it also faced losses in its US streaming unit and the long-term decline of its...
...“The path for rate cuts in Europe is clearer than in the US,” said Bob Michele of JPMorgan Asset Management. “It is hard to find an economic reason for the Fed to cut rates.”...
...The Bank Term Funding Program amounted to a 200bp rate cut injected narrowly into the banking system, according to JPMorgan’s Bob Michele....
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...Fitch Ratings has cut its outlook on China’s long-term credit rating to negative, voicing concerns as Beijing transitions from its property-led growth model....
...In his statement, Schwarzman said he was “deeply humbled to receive this honour and cherish my long-standing ties with the UK”....
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