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...The company will announce on Monday that it has hired Anant Bhalla, a US-based insurance veteran who will become its chief investment officer and a senior partner, to build its new insurance platform....
...The Chinese commerce ministry said Beijing “firmly opposes” the US move, which it described as “economic coercion”....
UK press says proposed ‘web eraser’ tool in next iOS update threatens journalism’s financial sustainability
...His focus then shifted to food retail, which led to the acquisitions of Pret A Manger, US bakery fast-food chain Panera Bread and Krispy Kreme among others....
...Stock will be available to the public in the US and through private placements on the professional segment of Paris’s Euronext exchange for the first time, subject to approval from France’s market regulator...
...That has unnerved the lawyers who believe the state’s reputation for predictability is eroding, potentially risking its status as the premier place for US businesses to incorporate....
...Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...This follows the appointment of a new board chair in February, Camillo Pane, who previously worked with Sedgwick at US beauty company Coty....
...PayPal, Coty, News Corp and Mattel will post their earnings after the market closes. Fedspeak: US Federal Reserve governors Adriana Kugler and Michelle Bowman will make separate appearances....
...Shares in US-listed Ulta and e.l.f. have also suffered. Despite this, Puig’s mooted valuation looks achievable....
...Coty, the US beauty and fragrance group, is hoping some of this bullishness will rub off on its own stock....
...The hope is that a Paris listing will allow Coty to attract more investors in Europe since many funds have mandates that limit how many US shares they can own....
...A Cleveland-Cliffs/US Steel combination would have created a US national champion....
...Elio Leoni Sceti, Coty (zero days) Coty announced in April 2015 that the music-to-frozen foods exec Leoni Sceti was to become its new CEO in July....
...Which brings us, neatly, to the question of what if anything Berkshire — whether under Buffett or its next generation of leaders — can do to present a distinctive value proposition to investors in the future...
...— The extinction of American nuns (Baffler) — Morningstar looks back at 40 years of US mutual funds (Morningstar) — Exploring the mysterious alphabet of sperm whales (MIT News) — Stupidity is our destiny...
...Given its £971mn market value, it is not clear what US index it would get into....
...The UK had previously lagged behind US dealmakers....
...Coty and Palantir will report after the close. Monetary policy: Richmond Fed president Tom Barkin will deliver a speech at the Columbia Rotary Club in South Carolina....
...US airlines generated $6.8bn from them in 2022, the latest data available, according to the Bureau of Transportation Statistics. That is more than double from a decade earlier....
...The law, signed by President Joe Biden, has aggravated US-China tensions, and the lawsuit is the first step in a legal battle that is likely to decide TikTok’s fate in the US and could make its way to the...
...“Some companies probably thought that shock was going to be permanent,” said Steven Blitz, chief US economist at TS Lombard. “Now they’re getting a painful bounceback from that.”...
...It is the US that is becoming more dogmatic while China is becoming more pragmatic....
...Wi said the picture in South Korea was complicated by the fact that in many online sectors, the most dominant players were not the US big tech groups but local platforms including Naver, Kakao and the US-domiciled...
...However Jen Wong, Reddit’s chief operating officer, cautioned on the call that the company had less “visibility” into how the second half of the year would pan out, noting that the US election in November...
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