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Prudential’s lesson for HSBC activists

For activist investors, the quick route to big profits is often plotted through demands to break up a company. The idea is simple: The parts would be worth more alone than together. HSBC Holdings Plc is facing such a call right now from its biggest shareholder, Chinese insurer Ping An Insurance Group of China Ltd. The pitch is that its ...

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S’pore landlords don’t fear global economy

  Singapore’s small and highly open economy won’t escape the combined weight of the Ukraine war, supply-chain snarls, China’s Covid-19 lockdowns and a pickup in global inflation. But institutional landlords in the Asian city-state have reasons to be optimistic. Even if GDP grows this year at the lower end of the 3% to 5% official forecast, real estate investment trusts ...

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Fed’s mild forecasts need some explaining

  For Federal Reserve officials who want to get inflation under control, the outlook has certainly improved in recent weeks. First, inflation has peaked. In particular, goods price inflation is falling as supply chain disruptions ease and demand shifts toward services and away from goods. And even though the labour market remains unusually tight, wage inflation has stabilised rather than ...

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