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...Nobel Prize-winning economist Ronald Coase contemplated this question in his groundbreaking work....
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...“Since the rule came out, I thought more people would be more forthcoming in saying ‘we’re going to do this’, I’m surprised they haven’t.”...
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...Shimao’s $11.7bn worth of offshore debt is already in default following its missed interest and principal payment for a $1bn offshore bond in 2022....
...But the project is now paused after Gove, levelling-up secretary, issued a “holding directive” while he considers whether to launch a review....
...The US defence sector faces further questions about its prospects if Donald Trump is re-elected as president in this year’s election in November....
...Country Garden, which defaulted in October after it was previously seen as one of China’s safest developers, had a winding-up petition filed against it in Hong Kong in February over a $200mn loan....
...They’re not dark markets. They’re ATSs, they’re regulated by you. What the (expletive) are you talking about dark markets, right? So that’s why I get so bent out of shape about this....
...“We’re switching from labour-intensive jobs on the operations side of energy production to renewables, where there are jobs to be created in manufacturing, but those supply chains by and large aren’t based...
...Email Jo at jo.ellison@ft.com This article has been amended since publication to reflect that last year Artémis, the holding company of the Pinault family, bought a majority stake in Central Artists Agency...
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...In the meantime, Elkann, 47, successfully turned the family business around and expanded the investment portfolio of the Agnelli family’s holding company Exor, pushing its value from about €1.2bn when his...
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...While the tech sector has staged a rebound on Wall Street over the past year, Scottish Mortgage’s own share price has failed to keep pace, opening a discount with the underlying value of its holdings that...
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