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...News round-up Activist fund Elliott seeks board seats at oil refiner Phillips 66 (FT) Castore scores £950mn valuation after Raine-led funding round (FT) Farfetch shares plunge despite talk of founder...
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...Pension funds and insurance companies globally know that rates tend to hit cyclical peaks when the curve inverts, and now that the Fed is signalling it is nearly done, they are piling in to long duration...
...In just six US states that collected the data in 2020, more than 10,000 were on Medicaid, the medical insurance system for those on low incomes....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...But one of the jewelled eggs was bought in 2004 by the now sanctioned oil and gas mogul Viktor Vekselberg, who later passed its ownership to a company registered in Panama, Lamesa Arts Inc; it is usually...
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...Independent oil refiners Marathon, Phillips 66 and HollyFrontier are also pursuing projects. Some oil companies are adding agricultural processing to their assets....
...The company is teaming up with Farmers Exchanges, its existing US partner, to make the acquisition, which will bring with it $3.7bn of annual premiums and $245m of profits....
...Zurich Insurance is in talks to buy the US property and casualty insurance unit of New York-based MetLife, according to a statement from the Swiss company....
...Barings is a subsidiary of MassMutual, the US insurance company that happens to be Invesco’s largest shareholder....
...The culprits are no secret: companies in the pulp and paper and palm oil industries. Small farmers also burn off forest and peatland. Indonesia’s annual blazes were first taken seriously in 1997....
...Melina Aguilar Colón (who had introduced me to the coffee farmer Jonathan) is my guide. We don’t walk far....
...Other beneficiaries include: Canadian pension funds, mutual funds, insurance companies — and a pair of former investment bankers....
...Topshop owner Arcadia has told Denim Expert — whose clients include Zara-owner Inditex and Canadian YM Inc — it will not pay for orders worth $2.5m....
...Over the past 18 months, brands from insurance groups to ice cream sellers have paid him — typically several thousands of dollars per post — to promote their products....
...A version of this article was first published by the Nikkei Asian Review on December 11 2019. @2019 Nikkei Inc. All rights reserved....
...These include maintenance, depreciation, security, IT, insurance, theft, regulation and developer costs, and must all be passed on to fleet managers in a shared-mobility model, cutting into affordability...
...and reduced its stake in energy group Phillips 66....
...By classifying drivers as independent contractors, Uber does not have to pay costs for benefits such as health insurance and sick leave that they must offer employees....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...These included acquisitions such as Ewos, a Norwegian salmon feed company, and Diamond V, a manufacturer of yeast culture products to aid animal health....
...Ford understood that farmers and shopkeepers wanted automobiles too, but at a price they could afford....
...DWS, which counts Nippon Life, Japan’s largest life insurance company, as a 5 per cent shareholder, has also come under fire for its governance structure....
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