Hints and tips:
...On Monday, PacWest Bancorp announced it had sold a $2.3bn portfolio of loans to Ares Management for around 90 cents on the dollar in cash, part-financed by Barclays....
...Rithm will also separately assume $173mn that Sculptor will be obliged to pay Och and other fund founders over several years under what is known as a tax receivable agreement....
...services....
...kadhim@ft.com / sid.v@ft.com...
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...Without giving details, Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM), tweeted on June 20 that he had received “multiple” expressions of interest for the...
...In addition, we have advisory services that charge recurring fees for management depending on the relationship. Everything is B2C. We work with companies, but it’s more like a partnership model....
...It says it had helped fund the development of the Sputnik V Covid-19 vaccine....
...Regulators are also scrutinising the insurance that the lender has said is in place for its receivables....
...So the reference to receivables is important for two reasons....
...diplomatic wranglings and trade wars were dying down, the EU this week contrived to crank up tensions with Russia, after the European Medicines Agency questioned the ethics behind trials of the Sputnik V...
...Tit for tat Natalie Blyth, global head of trade and receivables finance at HSBC, joins us for three blunt questions....
...With the slowest profit recovery in Business Services, we initiate at Underweight....
...The Big Three are on course to control 40 per cent of the votes in American corporations in a couple of decades....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...There has been demand for grocery delivery however negative margin discourages management to offer the service....
...We assume large receivables outflows, albeit that was not the case in 2009. Payables will be a material help in 2020 due to generous government programmes, to be repaid in 2021/22. Earnings changes....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...is guiding for volumes this year to be down c.40% and there will be a “knock on impact on 2021 delivery”, broadly in line with our expectations for FY20 volumes -39% and FY21 -19% below 19 levels; v) Lastly...
...“It’s pretty extraordinary that with this amount of distress you haven’t seen more failures in asset management companies.”...
...An early paper published by the Rand Corporation is The Prediction of Social and Technological Events (1949)....
...My own feeling is that this will not be a V or even a U-shaped recovery, but a downwardly trending W that has a high risk of turning into a L....
...(BBC) Video of the day Are corporations paying enough tax?...
...Innovative start-ups like Kenya’s African Management Initiative and Nigeria’s PrepClass are leveraging mobile technology to supplement traditional “bricks and mortar” schooling and increase access to training...
...Crisis management experts say Boeing should have tried harder to address the fears and frustrations of passengers....
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