Hints and tips:
...Former US vice-president Al Gore and financier David Blood are launching a climate change asset manager that will largely focus on private markets....
...A version of this article was first published by the Nikkei Asian Review on September 8 2020. ©2020 Nikkei Inc....
...◼ Meggitt (Downgrade to Sell from Hold, TP 205p) – Some 40% of group sales are exposed to defence, but the group will be hit on both civil OE and the civil spares market as well as in energy....
...The failure to reform capital markets is particularly critical....
...They argue that it makes little sense to ban a non-strategic company such as Rusal while leaving Sberbank, VTB and Gazprom et al still tradeable in the US....
...Henny Sender in Hong Kong reports WME-IMG is teaming up with venture firm Sequoia Capital China and internet group Tencent to expand the US sports and entertainment conglomerate’s Chinese business....
...Even its planned merger with fellow gas pipelines group Energy Transfer Equity could not offset the gloom enveloping the energy infrastructure sector....
...— Recent research by Gorton et . al about the form and role of banks as maturity transformers and creators of “private money” is very relevant to this discussion....
...Creativity, Inc – a finalist for FT/McKinsey Business Book of the Year – explains the failures, the tensions and the ultimate accolades from Finding Nemo to Toy Story....
...In London are investor favourites such as Genel Energy, Gulf Keystone, and Sterling Energy, with services group Petrofac rapidly expanding services in both Kurdistan and southern Iraq....
...Yemen says tip-off aided Awlaki killing Intelligence from Yemen’s government helped the US kill a top al-Qaeda cleric in a missile strike, Yemen officials claimed, even as Washington renewed its calls...
...Emerging Markets MSCI Emerging Market Index down -2.42% at 859.32 Europe FTSE down -0.82% at 5,000 RTF down -3.69% at 1,337 Wig Index down -2.17% at 36,050 FTSE 300 Eurotop down -0.85% at 867.87 Americas...
...“People watch thriller movies where diamonds and cash are taken out of the vault,” said Alan Svoboda of CEZ Group, a Czech energy company that lost 700,000 allowances with a market value of roughly €10m....
...Messrs Cable, Darling et al say they don’t care! They should. Moving key staff (100 or so) plus capital is relatively inexpensive....
...Alessandro Vitelli, director of strategy and intelligence at IDEACarbon, a carbon consultancy, drew our attention to an article penned by the group back in May 2009....
...And just last month, a group of banks, pension funds and insurers announced they were developing a new market for longevity products – the risk that people live longer than expected....
...As a former investment banker, Augar tells the story of the disaster in the financial markets. What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...After spending billions of dollars at the wrong price for shares in Merrill Lynch, Barclays et al, Singapore’s state-backed investment body Temasek says it still “sees value” in banking stocks in the US...
...At least one speaker sought to differentiate these groups from the nihilistic al-Qaeda, a view not shared by the audience....
...He already has a media and communications group. Mr Besecker will run healthcare and Mr Peek is considering a private equity and hedge fund group....
...“A lot of people in high intelligence organisations have a hard time bridging the gap between financial and relationship issues,” says White. “Peter could do it....
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