Hints and tips:
...In 2023, TikTok Shop generated $1.1bn in gross merchandise revenue in the US, the total value of goods sold on its platform, according to internal TikTok financial statistics seen by the Financial Times....
...Two procurement officials who spoke to the Financial Times said some leeway remained to buy computers with foreign processors and Microsoft Windows....
...Musk’s stock-based incentive plan was originally valued at $2.6bn, but it was tied to Tesla’s financial performance and today is worth $56bn....
...“Tokenisation can be seen as the next evolution of financial markets, similar to the ETF wave of the last two decades,” Gautam Chhugani, an analyst at Bernstein, wrote last month....
...Google chief financial officer Ruth Porat said capital expenditure would jump 50 per cent or more to at least $48bn this year....
...Financial markets may have hit the buffers last year, but this did make one type of investment a lot more popular: buffered exchange traded funds....
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...A version of this article was first published by Nikkei Asia on February 14 2023. ©2023 Nikkei Inc. All rights reserved....
...Only 60 per cent of workers in south-east Asia are estimated to have bank accounts, Naik said, but ecommerce in the region is growing quickly as more consumers gain access to the financial system....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...The scandal was seized upon by some US senators as a prime example of how Chinese corporates could not be trusted, part of a broader push by some in Washington to decouple the US financial system from China...
...Olaf Scholz said the affair had revealed that Germany’s system of financial regulation “needs to be reorganised”. 2....
...We raised more than we needed to and we have long-term financial partners who may commit more,” Peter Rawlinson, Lucid’s chief executive, told the Financial Times....
...You don’t have to be Thomas Piketty to recognise that inequality poses a significant risk to the global system as it stands....
...Yet non-profits remain sceptical of efforts — notably by Japanese megabanks like Mizuho Financial Group, Sumitomo Mitsui Group and Mitsubishi UFJ Financial Group — and point out loopholes, including the...
...An overly indebted financial system will weigh on long-term growth prospects. It also reinforces the feedback loop between central banks and asset prices....
...And Google has invented a fish recognition system. Anything else on your mind, reader? Tell us below....
...Since then, the ERP has fallen almost exactly in line with the drop witnessed in 2009 during the Great Financial Crisis (GFC)....
...In sellside, Bernstein likes Campari. Sector note....
...The Chinese government has long held a tight grip on the country’s financial system, opening up to trade but closing out competition to its national businesses from foreign institutions....
...Henderson), but it typically happens sometimes after someone puts a plug in the credit system such as funding Citi or Goldman Sachs during the financial crisis....
...Is Lockheed Martin a ‘bad’ company because it makes weapons that kill, or a ‘good’ company because it makes missile defence systems?...
...“A $5bn or $10bn investment is meaningful,” said Chris Lane, an analyst at Sanford C Bernstein....
...Nichols joins from law firm Parker Poe Adams & Bernstein....
...Last year was exceptional for Europe Inc in terms of growth, profitability and business expectations....
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