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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...
...US is pushing allies in Europe and Asia to tighten the restrictions, following the debut of an advanced chip by Chinese mobile phone maker Huawei and chipmaker Semiconductor Manufacturing International Corporation...
...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 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....
...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...
...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....
...One we missed: IBM and the Holocaust: The Strategic Alliance Between Nazi Germany and America’s Most Powerful Corporation, by Edwin Black....
...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....
...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....
...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....
...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...
...The China National Offshore Oil Corporation owns 25 per cent, while Hess holds the remaining 30 per cent that would transfer to Chevron if the deal closes....
...And yet so far they have said that it’s not the right time to do anything — music to large corporations’ ears....
...Now, it warrants perpetual rent-harvesting on so-called “properties” — from a rendition of “Happy Birthday to You” to an image of Humphrey Bogart’s raincoat in Casablanca — by litigious and parasitic corporations...
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