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China lifts curbs on coal-fired electricity prices. Shenzhen becomes the first Chinese city to sell offshore bonds to foreign investors. Honor will add Google services to its smartphones. Plus, heavy rainfalls in Shanxi threaten the preservation of cultural relic sites.
Welcome to another episode of Trump Mafia. I am your returning host, Aaron May. The target... I mean subject of this episode of Trump Mafia is Jared “The Kush” Kushner. The most spectacularly unqualified member of Trump's cabal. On past episodes, we have covered equally notable names but at least they had a story to their story. This guy is a Late-Night Talk Show punchline. We def will cover his past and give you background, but at the end of the day, he's just a trust fund douchebag whose ultra-rich real estate felon of a father, Charlie “OG Kush” Kushner, greased 2 state senators & the school to get Jared into Harvard, at some point hooks up with Trump's daughter and bingo bongo, he's in charge of bringing peace to the middle east. You know, a kush job. I have racked my brain thinking that there HAD to be SOME genius nefarious move for having this Sentient Kohl's Mannequin (to quote John Oliver), as an advisor. Had to be something more than nepotism, something that made sense like Kushner had a secret pipeline to a Russian sex ring that The Don could grab some more pussy from. I even pondered the possibility of a dark secret that the Kush could extort The Don over, but that would be too smart for the Kush. So WHY THE FUCK is this “Harvard's Shiniest Mistake” in the White House? Even ex-Harvard schoolmate Natalie Portman thinks he's a tool who cheated his way through school.
China and the EU will end their investment treaty talks this year. Yuan hits a 16-month high as the world’s second-largest economy is bouncing back. A limited pool of talent prevents China achieving its chip dream. Alibaba may invest in Grab and its rival Tencent picks Singapore as the Asia hub. Plus, China’s troubled Anbang applies for dissolution and liquidation.
Today's podcast delivers the top developments on the coronavirus: steel giant accused of prioritizing its earnings over employee safety, international infections continue to rise while Chinese prisons report over 500 cases. Plus, study finds domestic offshore wind resources could power all coastal Chinese provinces. Read further coverage at caixinglobal.com
Wu Xiaohui, one of China’s best known tycoon’s, has been sentenced to 18 years in prison for financial fraud, cementing the downfall of the one-time car salesman who catapulted himself to the pinnacle of global high finance over the past decade. Arash Massoudi talks to the FT’s Henny Sender and Don Weinland about what led to the former Anbang chairman’s fall from grace and what will become of the business empire he controlled - including New York’s Waldorf Astoria. See acast.com/privacy for privacy and opt-out information.
Latest episode of The Water Coolest --- Support this podcast: https://anchor.fm/watercoolesthq/support
Here’s your Headstart for the latest business headlines for Thursday April 5th, 2018. Coming up:The Anbang Insurance Group Gets a $9.7 Billion Capital InfusionJM Smucker Acquires a Pet Food CompanySouth Korea’s Top University Receives Backlash on its Artificial Intelligence Weapons LabWe’ll have all of these stories and more in the next 7-minutes or less. See acast.com/privacy for privacy and opt-out information.
In the aftermath of the Florida shooting, is corporate America being forced to take a stance? Also; Soumaya Keynes speaks to Dani Rodrik, Professor of International Political Economy at Harvard University, about the right way to sell trade deals. And the rapid rise and fall of Anbang. Helen Joyce hosts See acast.com/privacy for privacy and opt-out information.
In the aftermath of the Florida shooting, is corporate America being forced to take a stance? Also; Soumaya Keynes speaks to Dani Rodrik, Professor of International Political Economy at Harvard University, about the right way to sell trade deals. And the rapid rise and fall of Anbang. Helen Joyce hosts See acast.com/privacy for privacy and opt-out information.
Tom Orlik, chief Asia economist at Bloomberg Intelligence, talks about reports that China is pressuring Anbang to sell its offshore assets and bring proceeds home in a clampdown on the nation's biggest overseas dealmakers. Richard Conn, a managing partner at Eurasia Advisors, discusses the Trump-Russia controversy. Phil Orlando, chief equity strategist at Federated Investors, weighs in on the stock markets, valuations and earnings. Finally, Paul Sweeney, U.S. director of research and senior media/internet analyst at Bloomberg Intelligence, talks about news that Discovery is buying Scripps for $11.9 billion to form a cable giant and that SoftBank is said to be planning a direct offer for Charter.
Filling departed founder Travis Kalanick’s seat is no easy task, so we offer some suggestions. Elsewhere, Amazon CEO Jeff Bezos’ seemingly crazy $13.7 bln offer for struggling grocer Whole Foods has some logic. Anbang lands in hot water in China. And the lure of 100-year debt. See acast.com/privacy for privacy and opt-out information.
The dramatic rise of Anbang's owner Wu Xiaohui, arrested by China's anti-graft authorities this week, had baffled industry experts. James Kynge talks to the FT's Lucy Hornby in Beijing about Mr Wu's detention and its implications for business See acast.com/privacy for privacy and opt-out information.
Welcome to the third weekly installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China's top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it includes a business news roundup, conversations with Caixin reporters and editors, and a selection of complete stories from the week's news. On this week's Caixin-Sinica Business Brief, Chinese ride-hailing champ Didi Chuxing raises a huge round, insurer Anbang bleeds cash, another financial watchdog falls to the anti-corruption campaign, and Netflix finally enters China. Plus, Coco Feng comments on drone woes for airport operators and Doug Young discusses a big merger in the co-working space sector. There are also full stories on the runaway billionaire Guo Wengui 郭文贵 getting sued by a hedge fund, a trade case brought by a bankrupt American solar panel maker that may raise tariffs on Chinese solar panels, and worries over post-earthquake construction in Yunnan Province. We'd love to hear your feedback on this new product. Please send any comments and suggestions to sinica@supchina.com.
Before landing a position as a White House senior adviser, Jared Kushner, President Trump’s son-in-law, worked on making a name for himself in Manhattan real estate. And in 2007 he purchased a skyscraper on Fifth Avenue for $1.8 billion — at the time, a record deal for a single office tower. A few years after the financial crisis, 666 Fifth Ave. ran into financial problems and was eventually able to refinance its debt. After joining the president's team, Kushner sold his ownership stake in the building to a family trust and resigned as CEO of Kushner Companies. Last week, Bloomberg reported that the Chinese firm Anbang Insurance Group has been talking with Kushner Companies about a possible $4 billion investment deal in the building. Anbang has said it had not invested in the building. This week on Money Talking, David Kocieniewski with Bloomberg News and Hiten Samtani with the Real Deal review the history of the skyscraper and why Anbang might be interested in investing in it.
Anbang tops Marriott’s bid for Starwood Hotels. Pandora’s founder returns and Wall Street doesn’t seem excited. Plus we dip into the Fool Mailbag and share investing takeaways from our respective vacations.
Once again, big Asian companies are eyeing trophy U.S. companies. And once again, they're paying top dollar at what may prove the market's peak. But this time, it's China, not Japan, and the prize isn't just real estate. Join Bloomberg's Ed Hammond and Tara Lachapelle to find out why Chinese insurer Anbang has joined the ranks of ``homewreckers'' on U.S. M&A deals with its battle to wrest Starwood Hotels from Marriott International. Also, hear about M&A from inside the C-suite from Priceline's Susanne Greenfield, in conversation with Jeff McCracken.
The funky pharma firm is coming to grips with mortality, while China's Anbang gobbles up U.S. hotels at high prices. Plus: Corporate America gets a Supreme Court nominee it can live with. See acast.com/privacy for privacy and opt-out information.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about Anbang's attempt to break up the Starwood / Marriott marriage and then some potentially devastating news for MLP investors.
A bid by China’s Anbang Insurance to buy Novo Banco has collapsed, leaving the future of Portugal's biggest retail bank up in the air. Patrick Jenkins, the FT's financial editor, discusses the implications with Martin Arnold, FT banking editor, and Laura Noonan, investment banking correspondent. See acast.com/privacy for privacy and opt-out information.
A Chinese buyer looks set to acquire one of Portugal's biggest banks as Chinese companies expand their interest in European financial services. Patrick Jenkins, FT financial editor, discusses the deal and its implications with Luigi de Vecchi, one of Europe's most senior bankers at Citigroup, and FT banking editor Martin Arnold. See acast.com/privacy for privacy and opt-out information.