Hints and tips:
...The ship, which was carrying a cargo of steel products and trucks from the Chinese port of Lianyungang to Jeddah in Saudi Arabia and Aqaba in Jordan, was flying the flag of Barbados....
...InfraBuild sounded out investors about a new bond this year, but demand was weak partly because of concerns about its proposed $600mn acquisition of Gupta’s Liberty Steel USA....
...A few corporate buyers have helped private equity LPs this year....
...News round-up Energy Transfer to buy Crestwood for $7.1bn in latest US pipeline deal (FT) ArcelorMittal weighs possible bid for US Steel (Reuters) China thwarts Intel’s $5.4bn Israeli chipmaker purchase...
...News round-up Crypto group Circle ends $9bn deal to go public through Bob Diamond’s Spac (FT) Court ruling paves way for sale of Gupta’s Belgian steel plants (FT) Glencore to pay DR Congo $180mn to cover...
...It’s all anchored by Moore’s own clean-yet-cheerful designs in wood and steel, some of which are now part of the decor in the city’s new Ace Hotel. Appointment only....
...Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . . Exponent Founders Capital I, LP . . . SH Fund, LP . . . Curated [chef recommends] . . . Race Capital II, LP . . ....
...One potential landmine for onlookers to study: though Sequoia and Paradigm are some of the biggest financial losers from FTXs implosion, the crypto firm has nearly $1.5bn in “other ventures” like large LP...
...Team with some tonal chinos and a roomy knitted polo (ideally also from LP) for peak art-world master-of-the-universe vibes....
...Two modules stacked as a sideboard, with capacity for about 400 LPs, starts at £579....
...cross-border M&A (FT) Stephen Schwarzman defended Donald Trump at CEO meeting on election results (FT) Trustpilot shakes up top team as regulators and IPO loom (FT) Goldman Sachs: ruff justice (FT Lex) Tata Steel...
...Friends of the family: why Sanjeev Gupta’s bank drew regulatory scrutiny For a while now, DD has been taking you inside the steel empire of Sanjeev Gupta — the “Gupta Family Group” or GFG Alliance....
...China to seal mega-steel deal Blink and you could miss the world’s largest steel sector merger....
...He recounts with gusto the megadeals and the risk-taking involved in picking the right time to buy and sell assets, ranging from US Steel’s railroad network to the Waldorf hotel....
...ahead with £5bn Just Eat takeover bid despite pushback (FT + Lex) Xerox to offer four weeks of due diligence to win over HP (Bloomberg) Travis Kalanick sells more than $500m of Uber stock (FT) British Steel...
...Mr Mordashov has a $20bn fortune that makes him Russia’s fourth-richest man, largely thanks to his steel producer Severstal....
...(Alphaville) British steel on the brink Watch this explainer by Lex’s Alan Livsey on why Britain’s second-largest steelmaker is facing administration with thousands of jobs at risk....
...Mr Mordashov is Russia’s fourth-richest man with a $20bn fortune earned mainly through his steel producer Severstal....
...and the Singal family’s Bhushan Steel....
...Its form and materials make it arguably more at home with the grand stone and bronze bank buildings of the City’s imperial heyday than it does with the new steel and glass towers....
...India’s biggest banks have been floundering for a while, hurt by bad loans in sectors such as steel and infrastructure. Meanwhile, a new breed of finance company has emerged....
...One of Kobe Steel’s aluminium factories has been stripped of its Japanese quality certificate in the wake of the embattled company’s data falsification scandal....
...Thyssenkrupp, Germany’s largest steel producer, is in the midst of exiting the steel business altogether to focus on making capital goods....
...BlueScope also said US steel margins were lower as scrap prices increased ahead of steel prices....
...Inbound shipments of medicinal and pharmaceutical goods rose 18.5 per cent year on year while iron and steel imports saw the sharpest drop, down 18.2 per cent....
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