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...“This is history repeating itself, it’s a natural cycle — and it creates a powerful ecosystem where former colleagues become loyal clients,” said Goldman spokesman Tony Fratto....
...Net losses at VinFast in the first quarter were 14.1tn dong ($588mn) against 9.7tn dong in the same quarter the previous year....
...Net losses deepened in the first quarter to 14.1tn dong against 9.7tn dong in the same quarter the previous year. VinFast’s sales remain much lower than those of its competitors....
...Flows have remained resilient despite the fund losing $9.5bn in investor cash with Wood’s bold bets, according to Morningstar data....
...Net losses at VinFast in the first quarter were VND14,120.8bn ($598.3mn) against VND 9,660bn in the same quarter the previous year....
...WWE was valued at $9.3bn. The combination will translate into greater scale. UFC made $1.1bn of revenue in 2022 and adjusted earnings of roughly $600mn....
...Digital assets Winner: Allen & Overy Originality: 8; Leadership: 9; Impact: 9; Total: 26The firm advised the Hong Kong government on its first bond issuance via blockchain token, which uses Hong Kong dollar...
...Short interest has risen to 9.1 per cent as of early September from 2.9 per cent this year, according to S&P Global Market Intelligence....
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
...Smith’s collection of artisanal sorghum brushes is by Shirokiya Denbei, a seventh-generation family broommaker still manufacturing in the heart of Tokyo....
...His family holding company only owns a 9.1 per cent stake, but its B shares hold 50 per cent of the voting rights....
...Today’s GDP numbers — postponed from last Tuesday when the congress was in full flow — show the economy expanded 3.9 per cent in the third quarter, far short of the full-year target of 5.5 per cent, already...
...The IMF expects India to grow 9 per cent this year, with economic activity rebounding after a mild Omicron infection wave. Corporate profits have surged, as has tax revenue....
...Morrisons owns 85 per cent of its 497 stores, and also has one of the UK’s largest food manufacturing businesses....
...A private equity owner could also look to sell distribution or manufacturing sites....
...Job moves Jay Hambro, the chief investment officer of Sanjeev Gupta’s GFG Alliance and one of the industrialist’s most loyal lieutenants, is set to leave the group, dealing a blow to Gupta as he battles...
...Instead, Xi Jinping has put in place someone who would be somebody very loyal to him....
...China’s largest chipmaker Semiconductor Manufacturing International Corporation is “verifying” reports that its co-chief executive Liang Mong-song has abruptly quit. More here....
...EDF’s MethaneSAT, meanwhile, is scheduled to hitch a ride on a SpaceX Falcon 9 rocket in late 2022....
...During the pandemic it has increased production and moved to 24-hour, seven-day-a-week operations at two manufacturing sites....
...Arkansas is a case study of the hollowing out of the US manufacturing sector....
...Its most recent figures (2017-2018) saw a turnover of £202.3m, which marked a 9.2 per cent increase from the previous year....
...Meanwhile, the US Institute for Supply Management’s non-manufacturing index eased back only slightly in January, but analysts said the details of the report — notably a sharp decline in the new orders component...
...About 8-9 per cent of the group’s turnover trades between the UK and Europe....
...Multinationals are selling manufacturing rights to products with declining sales to local competitors, with about 20 such deals made in the past few years, according to Citibank....
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