Hints and tips:
...In early March a PAG spokesperson said it was “definitely incorrect” to say it had raised $3bn, adding: “We can’t give a number as yet because the fund hasn’t closed.”...
...“You can’t defy gravity,” one of the people said. “Market conditions aren’t there.” The decision was taken on Wednesday after a meeting of the firm’s senior leadership....
...“In past price spikes, after a delay, [agricultural] producers have shifted to meeting demand,” said Steve Wiggins, principal research fellow at ODI, a global affairs think-tank....
...Additional reporting by Kaye Wiggins in Hong Kong...
...Kaye Wiggins Yeah. So for the fourth quarter of 2023, this is a massive decline....
...“He wouldn’t be out there making speeches and stuff, it’s not his thing,” one added....
...[MUSIC PLAYING] Marc FilippinoKaye Wiggins is the FT’s Asian financial correspondent. Thanks, Kaye. Kaye WigginsThanks, Marc....
...kaye.wiggins@ft.com...
...Marc Filippino Kaye Wiggins is our Asia financial correspondent. Thanks, Kaye. Kaye Wiggins Thank you....
...“I don’t think there is a Trump overhang [on our shares]. There is a US-China overhang,” Winters said....
...I don’t think anyone cares that much.”...
...“It definitely won’t be straightforward to get money out of mainland China,” said Nigel Trayers, a restructuring and insolvency specialist at Grant Thornton in Hong Kong....
...Other investors shouldn’t copy him, the FT’s Lex writes....
...“I don’t think anybody else in that job would’ve done any better.”...
...“You can’t get any investors on board with a less favourable deal and, most importantly, you can’t find the person in charge of the company to sign it off.”...
...A new version of this is being built in China, DD’s Kaye Wiggins and the FT’s Cheng Leng and Hudson Lockett report....
...“It’s a sequel to a movie you weren’t crazy about to begin with,” said Jonathan Klein, who ran CNN from 2004-10....
...“Everybody wants that Cristiano Ronaldo on their team, but there aren’t very many Cristiano Ronaldos,” said Marshall, who co-founded the London-based group in 1997 with Ian Wace....
...In fact, if it doesn’t move quickly it could end up being the next target of ExxonMobil or Chevron....
...“I don’t think anyone going in as a liquidator of Evergrande is going to be holding too much hope of making a recovery in mainland China.”...
...For those of you who haven’t heard of the company, JSR commands around 30 per cent of the global market share of photoresists, specialist chemicals used to print circuit designs on chip wafers....
...But “by October 2022, it was clear Credit Suisse was a total falling knife”, he added, and his bank enlisted “the mighty house of Morgan Stanley” to “get ready for this call we didn’t want”....
...“Does that mean that there aren’t any further issues to emerge? No, there’s always a risk of some developers having further problems,” Quinn added....
...Kaye Wiggins No one is suggesting that the fund wasn’t allowed to buy these companies or anything to that effect....
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