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From Lawrence A Rand, Managing Director, 55 Pine Street LLC, Visiting Professor of Economics, Brown University, Weston, MA, US
...US journalist Fredrik deBoer wrote last year that the self-care industry’s focus on the individual improving their life was akin to Ayn Rand laundered through yoga memes....
...MTN valued its own stake at just over 30bn rand ($2bn) at the end of June....
...There is still a thirst for Trumpism and Trump’s thoughts . . . but his relevance has faded slightly from where it was,” says Dan Eberhart, a prominent Republican donor and the chief executive of Canary, LLC...
...Hogan Lovells presented this same argument a few weeks ago in preliminary proceedings for its case with Dresser Rand....
...In a statement, Dresser-Rand said it was monitoring the situation in Venezuela, including the effects of recent sanctions imposed by the US government against PDVSA....
...It also allows Kaeser to bury the sins of Siemens’ $7.6bn 2014 acquisition of Dresser-Rand, which will be part of the gas and power business being spun out....
...Inspire Brands are majority owned by Roark Capital, a private equity fund named after the lead character of Ayn Rand's novel, The Fountainhead....
...However the momentum flagged after Rand Paul, a Republican senator from Kentucky, said he could not support legislation that adds trillions of dollars to the federal debt....
...“It will be driven by investment as corporate confidence grows now that Zuma is gone, and domestic demand supported by a stronger rand.”...
...We think the risks of the rand being removed from the bond index are quite high, thus would not be tempted to chase the rand recovery – and see risks to ZAR15.00 on a downgrade by both ratings agencies tomorrow...
...It was also slower in professional products, which includes rands such as Kérastase and Redken, which was up 0.2 per cent in 2017. Consumer products grew 2.2 per cent....
...Rabobank’s Piotr Matys reckons such outflows could force the rand towards 16 per dollar, but said it’s “a close call” whether the agencies will make a move this week....
...The Senate voted 51-49 late on Thursday — with Senator Rand Paul of Kentucky the only Republican to vote against the measure, which is a necessary step in helping push forward the planned $1.5tn tax-cut...
...The rand traded in a wide range on Monday. It weakened to ZAR14.1 in early action from its levels late on Friday of ZAR13.87, but recovered as the morning progressed, leaving the dollar at ZAR13.98....
...The South African rand had regained its footing earlier this year amid a broad rally in emerging markets, but it came under pressure again after the downgrade, falling almost 2 per cent to 14.14 per US dollar...
...Henry D Wolfe Chairman, De La Vega Occidental & Oriental Holdings LLC,Chicago, IL, US...
...To help prepare for the changes, Gary Michel, former president of Ingersoll-Rand’s domestic heating business, will join Honeywell as chief executive of its Home and Building Technologies strategic business...
...In a recent investigation Oliver Wyman said it had concerns over 1.6bn rand ($120m) in payments from Eskom to Trillian....
...As part of the scandal, Trillian has been accused of diverting hundreds of millions of South African rand in ghost contracts from Eskom, claims it has denied....
...On his own watch, he got €3bn for a half-share in a domestic appliance venture, spun off Osram Licht and rushed into Dresser Rand just as the oil price turned....
...It agreed to pay $7.6bn for Dresser-Rand, which makes compressors for the oil and gas industry, in September 2014, just as prices were starting to collapse....
...It acquired Dresser Rand, a Texan oil equipment manufacturer, last year. The deal was controversial amid falling oil prices....
...But S&P said on Friday that it was maintaining its BBB- rating on the country, prompting the rand to extend its day’s gains to 3 per cent against the US dollar....
...The rand has slipped 4.5 per cent against the dollar since the end of April, and Luis Costa at Citi suggests shorting it....
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