Hints and tips:
...In its North Carolina lawsuit, Barings has accused Weightman of trying to buy its private credit operation “for pennies on the dollar”, citing an email he sent to MassMutual’s chair Roger Crandall warning...
...Its founders were warning about future conflicts with China, Iran, Russia....
...“These included scores of profitless early-stage companies that could have come public only in a bubble, a staggering volume of bonds that sported cartoonishly low yields, most of the absurd ‘meme stocks...
...The warning still puts Exxon on track for one of its most profitable quarters on record....
...Early on, Apollo paid cents on the dollar for bonds Drexel clients had purchased at full price....
...Warning: This story contains depictions of serious bodily injury....
...As always you can reach me at sid.v@ft.com....
...“It has an early-innings feel of a repricing of credit risk,” said Todd Lemkin, chief investment officer of Canyon Partners, who said bank risk committees are likely to be dialling back their financing commitments...
...Amazon would be prohibited from forcing sellers on its Prime subscription service to use the company’s own delivery services....
...kadhim@ft.com / sid.v@ft.com...
...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
...An early trade with Susquehanna Investment Group paid out less than the young Griffin was expecting....
...The historic 20,000 sq m venue, home to Mikhelson’s philanthropic V-A-C Foundation, opens early in December....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...One result of the ample cash, along with the company’s access to its own launch service, has been Starlink, which has beaten would-be rivals like OneWeb and Amazon’s Kuiper to launch its broadband service...
...Institutional investors often cultivate long-term relationships with private equity sponsors in the hope of receiving side-benefits such as early access to new funds and the ability to co-invest in deals...
...Google has said its Chrome browser, which accounts for more than half of web traffic, will stop supporting them by early 2022....
...The late-stage fundraising gives Reddit a valuation of $6bn excluding the cash infusion, double its last funding-round valuation in early 2019. 3....
...Dramatic images showed the train suspended at a 45-degree angle, snapped into a V-shape, and suspended above a mountain of rubble on the road....
...Hungary was the first EU country to approve the Sinopharm vaccine, along with Sputnik V, the jab developed by a Russian investment fund....
...The EU drug regulator is also to launch an investigation next week into whether clinical trials of Russia’s Sputnik V Covid-19 vaccine contravened ethical and scientific standards....
...He had already moved up from Class V to Class IV. I watched a replay of the Stockholm Sprint Championship, where he had fought off Bright Knight and Gandalf the White to win by a nose....
...Guo’s stark warning came just hours after the S&P 500 closed with its biggest one-day gain in almost nine months....
...“There have been acquisitions we have said ‘no’ to early on,” he says, without disclosing what these might have been....
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