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Kyndryl’s move reflects geopolitical tensions and follows trend of western companies seeking to insulate their Chinese units
...The Goldman fund was one of several so-called bilateral funds that CIC set up with international investment groups to strike deals in their home countries, helping increase its exposure to western companies...
...In 2019, foreign banks were involved in about a fifth of all funds raised in Shanghai and Shenzhen, home to two of the country’s biggest bourses, but that proportion has fallen every year since....
...The “global framework agreement” signed by the Seattle-based tech giant is a commitment to bring 10.5 gigawatts of generating capacity online, or enough to power the equivalent of about 1.8mn homes....
Alvarez & Marsal duo face more complex case with troubled property developer
...Evergrande will continue to build homes, he said. “The Group will still strive to do everything possible to ensure the stability of domestic business and operations.”...
...A new version of this is being built in China, DD’s Kaye Wiggins and the FT’s Cheng Leng and Hudson Lockett report....
Conditions have changed since the lender applied for an investment banking licence and its Wall Street rivals are struggling
Exit ban on Charles Wang Zhonghe will send chill through foreign business circles
...kaye.wiggins@ft.com...
South Asian powerhouse has become a target for expansion as business dries up in China
...As America’s largest home-improvement retailer, Home Depot is often seen as a proxy for the US housing market....
...It is possible that expensive, at-home exercise equipment was a lockdown fad while cars were a necessity. But equity and credit investors failed to perceive this difference three years ago....
...Airbnb’s profits more than doubled in the first quarter, boosted by an early Easter holiday, but the home rental platform forecast lower than expected sales and earnings for the second....
...An official default would be a blow for an industry that typically drives more than a quarter of China’s total economic activity, but which has been paralysed by construction delays, declining home sales...
Creators of sham content are finding a profitable home on various platforms
...A serviceable if unspectacular seven-part series, it’s set in a fictional Irish town that’s home to a disturbing cold case and some very frosty locals....
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
...During the 1990s, Greg Abel, then a high-flying energy industry executive, lived just a few blocks from Buffett in Omaha, Nebraska, the home of Berkshire....
...The deals with plaintiffs are likely to reshape business practices that have frozen most sales commissions at close to 6 per cent of a home’s price....
...A provincial mad-eyed Rasputin-type, he soon has Elena under his thrall and moves from home maintenance to directly influencing domestic policy and foreign affairs....
...“Employees will never feel at home at a company that doesn’t have even a little bit of warmth,” wrote one user on the social media platform Weibo, on which Qu’s comments are trending....
...However, their plans to rent their homes to tourists at high prices during the sacrosanct French August holiday period are being dashed as supply outstrips demand....
...Sales at Berkshire’s home building group, which includes the modular home builder Clayton Homes and roofing maker Johns Manville, also rose....
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