Malaysian billionaire Vincent Tan is considering listing his online payments company MOL Global Pte, four years after it bought social networking site Friendster Inc., three people with knowledge of the matter said.
China traded barbs with the U.S. and Japan over its newly announced air defense zone in the East China Sea as escalating tensions between Asia’s largest economies risked damaging a resurgence in trade.
Canadian stocks rose for a second day, leaving the benchmark index poised for a third weekly gain, as precious metals producers rallied and data showed consumer spending in September jumped more than projected.
Prime Minister Shinzo Abe’s failure to secure summits with the leaders of China and South Korea has masked a scaling down of Japanese nationalist proposals that’s allowing a nascent recovery in business ties.
Invesco Ltd.’s Robert Mikalachki invests in companies with an enduring edge on competitors, a strategy that has led him to everything from a mattress maker that he calls the “Mercedes-Benz of bedding,” to a car dealership whose small-town locations create local monopolies.