Hints and tips:
...Now Wall Street rainmakers have a new player to contend with: trade unions....
...And here’s what I’m keeping tabs on today and over the weekend: Economic data: The US Labor Department’s Bureau of Labor Statistics releases monthly import and export statistics and the University of Michigan...
...It funds support for the AfCFTA’s secretariat and, in 2021, China’s ministry of commerce signed an agreement to establish an expert group at the AfCFTA to collaborate on questions such as digital trade,...
...These include port fees on Chinese-built ships docking at US ports, and the creation of a Shipbuilding Revitalisation Fund to help the domestic industry and its workers....
...Hedge Fund A was allocated 550,000 MEDP shares from Morgan Stanley, approximately 12% of the block trade, at a price of $55 per share....
...“A consolidator — aiming to invest for growth over the medium to long term allied with scale and professional asset management — will lead to greater allocations in productive finance while providing security...
...BYD’s “grand” ambition, he adds, is to integrate its products within a city’s “entire” transportation and data management systems....
...But these can be easily shrugged off by corporate management....
...Morgan Stanley’s price-to-book ratio trades at more than 1.5 times its book value, while Goldman trades at slightly more than 1 times....
...Investors’ desire for cheap and cheerful funds, allied to heightened competition between asset managers, has driven a sharp decline in fees globally in recent decades....
...They include the Silk Road Fund, the China-LAC Industrial Cooperation Investment Fund and the China-Africa Industrial Capacity Cooperation Fund....
...The change will lower the margin on funds under management by 4 basis points....
...Eighteen months ago, Elliott Management said a break-up of the old-school US data storage group Western Digital could unleash a fortune, much in the way the activist hedge fund had successfully pressed Dell...
...Businesses advertised 8.7mn job vacancies in October, down from 9.6mn in September, according to the labour department’s Job Openings and Labor Turnover Survey released yesterday....
...Then trade deals sent a lot of union jobs overseas....
...Russian sovereign assets should be contributed to a special Ukraine recovery fund managed by the representatives of G7 nations, in consultation with the government of Ukraine....
...Odey Asset Management is to close five months after allegations of sexual misconduct against its founder....
...Other critical energy inputs trade in markets that are far less mature than those for crude oil or refined products....
...The World Trade Organization cut its estimate by half for global exports growth, amid a manufacturing slowdown and increasing trade fragmentation....
...VinFast’s listing risks a repeat of the so-called “eejit trade”, made (in)famous in 2013 when the then-nationalised Allied Irish Bank briefly hit a $99bn market cap, making it Europe’s most valuable bank...
...“They exact more damage on the employer, and also on the workers, who can’t have a strike fund.”...
...At Wellington Management, due diligence in its Global Stewards fund covers everything from whether a company is meeting its legal obligations to how it holds suppliers to account on issues such as fair wages...
...Risk management remains a paramount concern for hedge funds....
...Perhaps the reopening trade simply became crowded....
...Sure, they’re fragile and a few might crack on the way, but the price a full egg would collect compared with its cost makes the trade hugely lucrative....
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