Hints and tips:
...for International Settlements warned last week of the risks that an “insurance market failure for climate-related risks” could spill over into a credit shock and force government to be insurers of last resort...
...Over the past two years, the Biden administration has tightened China’s access to crucial AI chips, leading companies to stockpile ahead of bans, repurpose Nvidia gaming chips or resort to the black market...
...He launched the subsidiary Melco Resorts in 2004....
...The Trump family’s luxury Scottish golf resort made its first profit since the acquisition almost a decade ago....
...Its remaining holding is worth about $2.3bn. BYD’s net profit more than doubled to Rmb21.37bn ($3bn) in the first nine months of 2023, compared with the same period a year earlier....
...Cascade also owns most of the Four Seasons Hotels and Resorts, for example. Still, it’s an interesting portfolio....
...Melco Resorts & Entertainment and Studio City International Holdings, listed arms of Macau casino tycoon Lawrence Ho, switched from an E&Y office in Hong Kong to one in Singapore....
...Wyndham Hotels & Resorts, the company behind La Quinta and Howard Johnson, reported a one-third increase in net income, despite lower revenue....
...A version of this article was first published by Nikkei Asia on August 5 2022. ©2022 Nikkei Inc....
...The former president is holding rallies across the country in the final stretch of campaigning....
...Yet technology firms and other sought-after tenants are paying a premium for space at One Vanderbilt, an SL Green-owned tower by Grand Central Terminal that is one of the city’s newest offerings....
...Following the auction house’s record-breaking sale of the Renaissance artist’s Young Man Holding a Roundel last year, which sold for $92.2m, The Man of Sorrows – a half-length panel painting of the resurrected...
...A version of this article was first published by Nikkei Asia on March 14 2022. ©2022 Nikkei Inc. All rights reserved....
...By holding these positions, the big dealers helped stabilise prices and ultimately reaped large gains....
...Prince Alwaleed’s Kingdom Holdings vehicle said it expected to realise a gain of $1.6bn on the 24 per cent stake that it is selling....
...Forbes pegs her wealth at $2.7bn, which also comes from banking — specifically HDBank — along with real estate including resorts, energy projects and other holdings of Sovico, where she is chair....
...Chelsea Logistics and Infrastructure Holdings sold the 31.7 per cent stake to conglomerate SM Investments for about 6.6bn pesos ($136m)....
...The deal came days after Entain rejected an £8bn takeover proposal from US casino giant MGM Resorts....
...However, Mars insists that litigation was a “last resort”....
...Shay Segev is quitting as chief executive of Entain, the UK gambling group, after less than seven months amid a takeover battle with MGM Resorts....
...The group is led by US private equity company KKR and includes Singaporean state investor Temasek Holdings....
...Smart reads House of cards The Sydney installation of the billionaire businessman James Packer’s Crown Resorts empire was meant to be an oasis for Asian high-rollers....
...Three months later, JAB agreed to buy a majority stake in National Veterinary Associates, which owned about 670 veterinary hospitals and 70 “pet resorts” across the US, Canada, Australia and New Zealand....
...Dag Detter is an investment adviser and former president of Stattum, the Swedish government holding company....
...In the meantime, everybody will carry on holding their breath....
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