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...Additional reporting by Robert Smith...
Suit in London’s High Court seeking claims over debts tied to a company owned by industrialist Sanjeev Gupta
Lloyd’s of London among those hit by lawsuit in High Court
Also in today’s newsletter, signs of further economic trouble in China and an alleged Ponzi scheme run by a Harvard MBA
...Phil Smith, head of Emea LDI research at BlackRock, said: “This is about broadening out the pool of assets that can be used as collateral, increasing that resilience and trying to avoid losses from having...
...Phil Smith, head of Emea LDI research at BlackRock, the world’s largest asset manager, said demand should remain robust, with sterling-denominated corporate bonds tending to make up “the majority” of these...
...Monetary policy: Federal Reserve governor Michelle Bowman, Cleveland Fed president Loretta Mester and San Francisco Fed president Mary Daly will all participate in events today....
...Microsoft’s president Brad Smith told the Financial Times this week that while the companies were “very important partners”, “Microsoft does not control OpenAI”....
...“There have been many instances of companies selling marginal, non profitable wells with a high liability, to companies that don’t have the deep pockets to clean them up,” said Mary Kang, a professor at...
...“Sue pays close attention to how teams work and relationships are built,” he said....
FTX founder seeks payout from CNA as trial gets under way in New York
Investors say countries will have to get used to higher interest bills as borrowing costs soar
...Smith had “a visceral reaction” to the possibility of working with Frasers and subsequently ensured the relationship was terminated, according to Frasers’ written submissions....
...It is telling that Hooper’s longest and most detailed chapters — on the bloodstained career of Boris Berezovsky, for example — involve subjects who have already died, and can therefore no longer sue him....
...The head of Norway’s $1.5tn oil fund has slammed ExxonMobil’s decision to sue two shareholders over a climate proposal, pursuing the litigation even after they dropped the resolution....
...by way of venerated places such as Iona Abbey and Glastonbury Tor, he also leads us to lesser-known pilgrimage destinations like Walsingham, a tiny village known as “England’s Nazareth” where the Virgin Mary...
...Federal Reserve Vice Chair for Supervision Michael Barr is appearing at the Columbia Law School Banking Conference in New York and Federal Reserve Bank of San Francisco President Mary Daly addresses the...
...Mary Daly, president of the Federal Reserve Bank of San Francisco, told the Financial Times that recent economic data showing a further deceleration in inflation was “very, very encouraging” and indicated...
...And here’s what else I’m watching today: Monetary policy: Federal Reserve Bank of Chicago president Austan Goolsbee and San Francisco Federal Reserve Bank president Mary Daly will both make television appearances...
..., as the President is poised to do, that (he) is willing to try for a Hail Mary by racing to the Supreme Court and attempting to bypass the appellate process.”...
Officials say they would want to see companies cutting profit margins to be convinced inflation would fall sufficiently
Also in today’s newsletter, Russia blocks billions of dollars in western profits and California sues Big Oil
...One of those acres is home to Tom and Sue Stuart-Smith’s remarkable not-for-profit enterprise to cultivate good mental health, community and a “plant library”....
...“For anybody who is pro-union, you want to ensure that Northern Ireland works,” said Philip Smith, co-founder of Uniting UK, a lobby group....
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