Singapore Exchange Ltd., Southeast Asia’s biggest bourse, faces calls from investors to add circuit breakers after a plunge in shares of three commodity companies erased $6.9 billion in value over three days.
Jim Rogers is sitting in his sleek, modern office on the 48th floor of the Duke Energy Center in Charlotte, North Carolina, explaining how, after a merger capped off by an 11th-hour management coup, he remains chief executive officer of the largest electric utility in the U.S. He wonders aloud whether to enliven the account with a metaphor about soured romance.
Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project.
Duke Energy Corp. named Chief Financial Officer Lynn Good to be its next chief executive officer, replacing Jim Rogers who had agreed to retire as part of a settlement with regulators probing the company’s $17.8 billion Progress Energy acquisition.
During the fireworks and record heat of Independence Week, Duke Energy closed its $26 billion merger with rival Progress Energy, creating the nation’s largest electric utility. Progress CEO William D. Johnson was to lead the expanded company—but just hours after the deal closed, the Board hastily installed Duke chairman and CEO James E. Rogers as chief executive of the merged company.
Jim Rogers, who co-founded the Quantum Fund with George Soros in the 1970s, said he increased his holdings of Japanese shares and plans to buy more because Prime Minister Shinzo Abe will boost the economy.
The U.S. dollar is going to be a “total disaster” in the long term because of the country’s position as the world’s largest debtor and the policies being pursued by Federal Reserve Chairman Ben S. Bernanke, according to investor Jim Rogers .