Hints and tips:
...At the heart of Credit Suisse’s claim is a personal dispute between SoftBank chief executive Masayoshi Son and Thomas Gottstein, who stepped down as Credit Suisse chief executive last month....
...Investors will be seeking clues on the next big deal by SoftBank founder Masayoshi Son now he is flush with the gains from the Arm initial public offering....
...Also, President Joe Biden’s son Hunter is to appear for a deposition with House Republicans for their impeachment inquiry into his father....
...He is survived by his wife and daughter, as well as his son Akio, who will step down as the company’s president in April after nearly 14 years....
...He exited SoftBank in July and remains an adviser to chief executive Masayoshi Son and the head of the Vision Fund, Rajeev Misra....
...Shares in CRH, which has worked on large construction projects across the US, Europe and the UK, jumped as much as 9 per cent as analysts said the group would command a higher valuation in New York....
...Japan’s notorious building of “bridges to nowhere”, and more recently China’s construction boom, he says, are prime bezzle-generators....
...SoftBank, led by chief executive Masayoshi Son, has committed $30bn of its own capital to the new fund after failing to raise capital from outside backers, such as Abu Dhabi and Saudi Arabia government funds...
...The data come a day after figures showed new home construction fell sharply last month....
...Sheikh Jassim Bin Hamad Al Thani, the son of Qatar’s former prime minister, has made an offer to buy the club and clear its debts....
...As part of the deal, Greensill agreed to write off Katerra’s debt in return for a small stake in the construction group, which went on to file for bankruptcy last June....
...News Corp releases fiscal-year results, while Porsche publishes results for the first half. Quarterly earnings are also due for NTT Group and BioNTech....
...The lawsuit relates to $440m in funds that were owed to the Swiss bank’s wealthy customers by Katerra, a US construction company....
...SoftBank was once a key client of Credit Suisse, and Son himself was a longtime client of the bank. The Japanese tech investor is “in the middle of a blizzard”, Son declared in November....
...The people I spoke to rarely referred to it as la dent (the tooth), but rather as le corps (the body)....
...Only 5.5 per cent of the total was from new construction, with the rest coming from demolition....
...Yury Slyusar, director of United Aircraft Corp, and Elena Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate, are banned from the UK....
...Questions over the group’s investment oversight have also resurfaced following the collapse of Katerra, a US construction start-up backed by the Vision Fund....
...Greensill’s collapse has harmed other companies in the Vision Fund, most dramatically construction start-up Katerra, which borrowed heavily from its sister company and filed for bankruptcy last month....
...The London-based start-up is run by a young first-time entrepreneur named Herman Narula, the son of the billionaire construction magnate Harpinder Singh Narula....
...Son at this time believed the Australian financier was capable of funding increasingly grand schemes, according to people who know the SoftBank founder....
...There are painters and construction workers finishing up a renovation of this 5,180-square-foot house on a suburban-looking block facing the Biscayne Bay....
...“Our whole construction team were out of work and they were delighted to do it to get out of the home and do something.”...
...They also mark another blow for SoftBank, the Japanese group controlled by Masayoshi Son that has had investments sour this year....
...TDR Capital-owned Stonegate Pub Company’s buyout of rival UK bar operator Ei Group at a time when all pubs are closed, and nearly €700m of debt backing Lone Star’s acquisition of BASF’s highly cyclical construction...
International Edition