Hints and tips:
...supply chain finance company had should pay out....
...Tokio Marine, White Oak, IAG and a spokesperson for Lex Greensill declined to comment. Foreman said he had no additional comment....
...Japanese insurer Tokio Marine is parachuting in a top executive from the US to run the unit that was at the heart of its fraught relationship with Greensill Capital, the supply-chain finance group whose...
...Tokio Marine has accused Greensill Capital of using “fraudulently obtained” insurance policies....
...Cargill has a target to reduce emissions in its supply chain by 30 per cent by 2030. Dieleman said wind power was just one piece of the puzzle to achieve that goal....
...But the real focus is on marine transport and heavy industry....
...Japanese underwriter Tokio Marine has accused Greensill Capital of using “fraudulently obtained” insurance policies, firing the latest salvo in the battle over who pays for the collapse of the UK-based supply...
...Tokio Marine and Insurance Australia Group, which insured the bulk of Greensill’s riskier lending, have both accused Greensill of making “fraudulent” misrepresentations and declined to pay out on any claims...
...It is a prime example of how ongoing Washington-Beijing tensions are swaying tech supply chains....
...A version of this article was first published by Nikkei Asia on August 25 2022. ©2022 Nikkei Inc. All rights reserved....
...It is also used for applications in the marine, medical, military, pharmaceutical, semiconductor and textile industries....
...And for the Chinese, one of their big worries is that the US, if there was a confrontation, would interdict the supplies of imported oil that they depend upon....
...American Airlines, Freeport-McMoRan, Philip Morris, and Dow Inc also report earnings....
...Tokio Marine, the main insurer to collapsed supply chain finance provider Greensill Capital, has defended its governance controls and disclosure on the Australian unit at the centre of the fallout....
...Earnings Bumble Inc is expected to show a rise in fourth-quarter revenue, driven by strong growth in paying users for its dating apps....
...The insurance backed supply-chain financing arrangements, where Greensill made payments to a given company’s suppliers and later received payments from that company....
...The Swiss bank is trying to recoup billions of dollars owed to the group of supply-chain finance funds, which it was forced to close in March....
...Until Monday’s fall, Tokio Marine shares had been little affected by the collapse of the London-based supply chain finance business earlier this month and its potentially large exposure to the debacle....
..., a supply-chain finance company....
...Tokio Marine has declined to comment on its remaining exposure to Greensill....
...A version of this article was first published by Nikkei Asia on May 12 2021. ©2021 Nikkei Inc. All rights reserved....
...Or, if they were fancy, a rather nicer version from Belgravia luxury pet supply store Mungo & Maud....
...Even so, he said, “we do see a huge reliance on the global EV market on Indonesia as a supply source.”...
...I mean, from the customers you're talking to, are they concerned that China Inc, as it were, has cornered the market for battery materials?...
...Several senior executives at Aegean, among them the chief financial officer, controller and supply manager left the company while the probe was under way, the same person said....
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