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HONG KONG (Reuters) - Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters.
HONG KONG/SHANGHAI (Reuters) - China Southern Airlines Co Ltd said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc , giving the U.S. airline a stake in China's largest carrier.
SEOUL (Reuters) - South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal.
Forgotten But Not Gone
The end of the year is when we as investment advisors look back at the past year to see where we were right, where we were wrong, and where we were surprised. We also look forward to the upcoming year and make our economic and market forecasts and predictions. The U.S. economy offered no real surprises during 2016. Slow economic growth continued, as it has since 2009. The stock market, as measured by the S&P 500, rose 9.6% for the year, with almost all of that coming in the last two months of the year. The bond market showed very slight gains for the year as interest rates spiked, also in the last two months. In our last statement letter, we said we were expecting a post-election rally in stocks, so this has not been a surprise, although the size of the rally has been a surprise.