Stock-picking fund managers are testing their investors’ patience with some of the worst investment returns in decades. With bad bets on financial shares, missed opportunities in technology stocks and too much cash on the sidelines, roughly 85 percent of active large-cap stock funds have lagged their benchmark indexes through Nov. 25 this year, according to an analysis by Lipper, a Thomson Reuters research unit. It is likely their worst comparative showing in 30 years, Lipper said.
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Luhan claims SM treated EXO’s Korean members differently than Chinese members; Two parties to enter a court-referred mediation
In the lawsuit filed against record label SM Entertainment, Luhan claimed that the agency treated EXO’s Korean members differently than Chinese members. If the two parties do not come up with an agreement through a court-referred mediation, the lawsuit will be brought to court.
Saudis block OPEC output cut, sending oil price plunging
Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.
ECB's Draghi warns countries to reform as clouds gather over euro zone
Failure to reform and shield weaker members threatens to divide the euro zone, the head of the European Central Bank warned on Thursday, amid fresh signs the currency bloc's economy is losing speed.
Airbus could shed full Dassault stake by end of 2015: sources
Airbus Group and Dassault Aviation aim to oversee the complete sale of Airbus's 4.8 billion-euro stake in the French planemaker by the end of next year, two people familiar with the matter said.
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Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.
Jennifer Lawrence is now a chart-topper for singing "The Hanging Tree" in "Mockingjay Part 1" despite hating singing. Lawrence says her best friend, Liam Hemsworth taught her to be tough and stand up for herself while co-star Natalie Dormer cries foul over Lawrence's naked photo scandal.
Korean media outlet OSEN recently wrote an article enlisting the achievements of YG Entertainment's artists this year, claiming that 2014 is the year of the record label.
Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters.
The World Trade Organization adopted the first worldwide trade reform in its history on Thursday, after years of stalemate, months of deadlock and a final day's delay following an eleventh-hour objection.
Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.
K-pop idol group B.A.P recently filed a lawsuit to nullify their contract with their agency TS Entertainment. This case is reminiscent of another group, Block B, who filed against Stardom Entertainment early last year.
The latest episode of "The 100" deals with Raven's paralysis as well as Clarke's reunion with her original group. What can viewers expect next?
Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply.
