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...They previously had unlimited liability for risks, which led to huge financial losses after a surge of asbestos claims in the 1990s....
...The top three executives at some of China’s leading state-backed brokerages, including CSC Financial, Citic, China International Capital Corporation (CICC), Huatai Securities and Guotai Junan Securities,...
...He also hit out at “rocketing corporation tax”, “damaging legislation on working from home” and a “crippling shortage of qualified engineers”....
...China International Capital Corporation says south-east Asia has only seen the “tip of the iceberg” of Chinese companies wanting to explore opportunities in the region, as the state-backed investment bank...
...Anglo, whose largest investor is South African state entity Public Investment Corporation, on Friday rejected BHP’s offer as “highly unattractive”. BHP has until May 22 to submit a formal bid....
...BHP in 2001 merged with South African miner Billiton and a South African state-owned entity, Public Investment Corporation, is Anglo’s biggest shareholder....
...The Financial Times Ltd and the authors are not responsible for any direct or indirect result arising from any reliance placed on replies, including any loss, and exclude liability to the full extent....
...Under CVC’s ownership, Teneo has expanded into other areas through acquiring units carved out from larger corporations, including the purchase of the UK restructuring arm of Deloitte....
...The country’s Public Investment Corporation is Anglo’s biggest shareholder....
...The MPs said the watchdog’s probe should be extended to the development corporation and combined authority overseeing the scheme locally, both of which are chaired by Houchen....
...And another scoop to start: The chief executive of BCG said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into...
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...Samsung regained its position as the world’s largest smartphone maker by volume in the first quarter, according to market researcher International Data Corporation, just three months after Apple claimed...
...South Africa’s Public Investment Corporation, a manager of government employee pension assets that is Anglo’s largest shareholder, said it would assess any offers presented to shareholders....
...The three major Singaporean financial institutions — DBS, United Overseas Bank and Oversea-Chinese Banking Corporation — refer to Fed rates when setting those for their own loans....
...Mr Justice Eason Rajah on Wednesday said the South Tees Development Corporation and its development joint venture, Teesworks Ltd, had believed they could extract a ransom payment from PD Teesport via a three-year...
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...The STDC had been joined in its action by Teesworks Ltd, the public-private joint venture set up to develop the steel site....
...While a larger fallout was avoided, the incident should act as a wake-up call for financial corporations and regulators to step up their efforts on cyber security....
...MTN Nigeria announced last September it would switch to American Tower Corporation from IHS Towers for leases of 2,500 towers across the country on contracts set to lapse this year and in 2025....
...As the FT reported last month, the most recent accounts for Teesworks Ltd show profits tripled to £54mn in the financial year following the deal....
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...But at least with asbestos, you had a situation where it was recognised that asbestos was a dangerous product....
Also in this newsletter: Saudi Arabia bags the 2034 World Cup without a fight
...Their share prices have surged over the past half-decade, particularly as they have switched from partnership to corporation status, a move that obliges them to pay more tax but makes it easier for mutual...
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