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...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...HongShan, Moonshot AI and ByteDance were named in a US congressional report this month which scrutinised American capital invested in Chinese tech companies that support Beijing’s military and its repression...
...“You don’t shrink yourself to greatness in these companies.”...
...A group of investors has called on Samsung’s de facto holding company to increase dividends and institute share buybacks, as pressure mounts on South Korean companies to address their low valuations....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Anglo American Platinum plans to cut 3,700 jobs in South Africa in a bid to reduce costs and turn around fortunes for one of the British mining group’s most troubled divisions....
...Mzila Mthenjane, chief executive of the Minerals Council, which represents the largest mining companies including Anglo American and Glencore, said it was vital for the commodities sector that the power...
...The South Korean healthcare system suffers from large pay disparities between specialisations, according to experts and doctors, who say the national health insurance system offers insufficient reimbursement...
...into bank parent companies....
...At least a dozen business associations have warned that the expulsion will hurt Paraguay’s burgeoning image as a haven for investors in South America....
...The latter two are considered “core services”, because rent costs can be sticky and Americans don’t necessarily pay increases in owners’ equivalent rent in real time....
...As prices fall, the companies can only awkwardly point out that these metals now matter less and less to the group’s profits....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...Solar shipments from south-east Asia were also subject to anti-dumping and countervailing duties after the US commerce department last summer found that five Chinese solar companies were setting up factories...
...International Container Terminal Services, a Filipino company, will run Durban port after a deal was clinched with unions to protect jobs....
...The Latin American nation was ranked 104 out of 180 countries....
...What’s more, the complaint says, “Chinese companies — primarily state-owned companies — have become leaders in financing, building, operating and owning port terminals around the world.”...
...Others include American chip giants Micron and Intel and European semiconductor companies AMS Osram and Infineon....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...The city had an influx of wealth and business during the coronavirus pandemic, in part because of its favourable conditions for companies and high earners....
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