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October 26th - According to MaceNews, the Bank of Japan (BOJ) is expected to keep its policy rate unchanged at 1.25% at its October meeting. BOJ Governor Kazuo Ueda hinted that consecutive rate hikes are unnecessary, but the rate will have to rise further towards the neutral level. Board member Junko Koeda also stated last week that the central bank should not be overly cautious on the issue of rate hikes. MaceNews believes the most likely path is a rate hike to 1.50% in December or January, followed by a rise to 1.75% in March or April. This would continue the relatively rapid pace of rate hikes every three to four months. The committee is broadly divided into four camps. Hawks Hajime Takada and Naoki Tamura may begin pushing for the next rate hike on Friday, laying the groundwork for possible action at the December meeting. On the dovish side, Toshiro Asada and Ayano Sato have voted against recent rate hikes. On the data front, Tokyos October CPI is expected to show all three key indicators between 2.7% and 2.8%, partially reflecting the fading impact of local government fiscal support. September employment, industrial production, and retail sales data will also be released.The Philippine peso fell to a record low of 63.778 against the US dollar.Indonesian financial regulator officials are urging stock exchanges to involve independent third parties in determining lists of companies with high shareholding concentration.Indonesian financial regulators have urged stock exchanges to improve their methods for identifying lists of companies with high concentrations of shareholdings.An official from Indonesias financial regulator said: "We had constructive talks with FTSE Russell last Friday."

Proxy Advisor Recommends Voting Against Halliburton's Compensation Plan

Haiden Holmes

May 10, 2022 10:14

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Halliburton (NYSE:HAL) said in a filing on Monday that a leading proxy advisor advised shareholders to vote against its executive compensation plan.


According to a regulatory filing, Institutional Shareholder Services (ISS) reprimanded the company's compensation committee members for failing to address issues regarding long-term incentive pay.


According to the document, the consulting firm also took issue with what it perceived to be a nearly 20 percent rise in Chief Executive Jeff Miller's long-term incentive value in 2021.


According to the petition, Halliburton labeled ISS's research "misleading" and stated that its "performance had excelled to the benefit of Halliburton's stockholders," citing its restricted expenditure, debt reduction, and increased dividend.


The vote is on a non-binding, advisory motion, and the outcome has no effect on the company.


On Monday, shares of Halliburton traded at $33.36, down 10.7 percent on the day but up almost 46 percent year-to-date.


Advisory shareholders voted against Halliburton's proposed CEO compensation plan.


ISS did not reply quickly to a request for comment.

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