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...European coffee group JDE Peet’s is replacing its two top executives as controlling shareholder JAB Holding seeks to shake-up the owner of L’Or, Kenco and Douwe Egberts following a long period of underperformance...
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...Shares in the company, which declined 5.6 per cent on Monday, have fallen more than a third this year, making it the second-worst performer in the S&P 500 and underperforming those of legacy carmakers....
...It has been helped in part by influencers such as Li Jiaqi, known as the “lipstick king”....
...The device marks the latest chapter in the company’s comeback in the domestic smartphone market, write Nikkei Asia’s Cheng Ting-Fang and Lauly Li....
...Tuesday’s share price drop extended the plunge in the Austin-based carmaker’s stock this year to 33 per cent, making it one of the worst performers in the S&P 500 with a trajectory that continues to diverge...
...“They didn’t leave much space for the SU7,” Li noted....
...Transfer Market Natalie Robyn is stepping down as chief executive of the Fédération Internationale de l’Automobile, the governing body for Formula One and other motorsports, after just 18 months....
...earnings season Tokyo, Seoul, Chicago universities in quantum computer deal VCs’ funding capacity for Japan start-ups soars to record $9.7bn Intel doubles down on foundry as AI drives up demand AT&S...
...These include Japan’s Ibiden, Taiwan’s Unimicron Technology, Nan Ya PCB and Kinsus, and AT&S....
...The S&P 500 and the Nasdaq closed slightly higher on Friday, after a jump in US non-farm payrolls and weak services sector activity data complicated investors’ bets on earlier interest rate cuts this year...
...S&P Global publish November manufacturing and services sectors purchasing managers’ indices for the country....
...F1’s operating profit rose by 64 per cent to $392mn in 2023 from a year earlier, as revenues jumped to $3.2bn from $2.5bn....
...The S&P 500 index and the Nasdaq Composite on Thursday completed their biggest monthly rallies since July 2022, rising 8.9 per cent and 10.7 per cent, respectively, in November, as investors wagered US interest...
...Another short-selling aspect that often gets forgotten is how higher interest rates also help L/S hedge fund returns by increasing their cash returns....
...I recently attended the opening of a factory by Austria-based chip substrate supplier AT&S in Kulim, Malaysia....
...Model, Diana Li at Premier. Casting, Tiago Martins at Ben Grimes. Hair, Joy Matashi at Saint Luke using Innersense. Make-up, Lauren Reynolds at Bryant....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...The S&P 500 closed 0.8 per cent lower, ending an eight-day winning streak, its longest string of gains in two years....
...Li’s parents gave up a middle-class life in China after 1989’s Tiananmen Square massacre and came to the New Jersey suburbs in the hope of a better future for their daughter in the US....
...The S&P 500 and Nasdaq Composite on Tuesday closed up 1.9 per cent and 2.4 per cent, respectively, their biggest daily gains since April....
...Chinese premier Li Qiang will attend this week’s Group of 20 summit in place of president Xi Jinping, China’s foreign ministry said on Monday....
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