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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626207238,"share":"https://ttm.financial/m/news/2151560584?lang=&edition=fundamental","pubTime":"2021-07-14 04:13","market":"us","language":"en","title":"S&P 500 and Nasdaq end down after hitting record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2151560584","media":"Reuters","summary":"JPMorgan drops amid low interest rates\nU.S. consumer prices surge in June\nBoeing slips on new produc","content":"<ul>\n <li>JPMorgan drops amid low interest rates</li>\n <li>U.S. consumer prices surge in June</li>\n <li>Boeing slips on new production problems for 787 Dreamliners</li>\n <li>Indexes: Dow -0.31%, S&P 500 -0.35%, Nasdaq -0.38%</li>\n</ul>\n<p>(Updates following end of session)</p>\n<p>July 13 (Reuters) - The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.</p>\n<p>The S&P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.</p>\n<p>Data indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.</p>\n<p>Economists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.</p>\n<p>\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p>\n<p>The S&P 500 growth index dipped 0.05%, while the value index fell 0.70%.</p>\n<p>\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.</p>\n<p>Ten of the 11 major S&P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.</p>\n<p>JPMorgan Chase & Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.</p>\n<p>Goldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.</p>\n<p>Citigroup , Wells Fargo & Co and Bank of America were due to report their quarterly results early on Wednesday.</p>\n<p>PepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.</p>\n<p>June-quarter earnings per share for S&P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.</p>\n<p>All eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.</p>\n<p>The Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&P 500 lost 0.35% to 4,369.21.</p>\n<p>The Nasdaq Composite dropped 0.38% to 14,677.65.</p>\n<p>Conagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.</p>\n<p>Boeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.</p>\n<p>The S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.</p>\n<p>(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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}\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 and Nasdaq end down after hitting record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-14 04:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>JPMorgan drops amid low interest rates</li>\n <li>U.S. consumer prices surge in June</li>\n <li>Boeing slips on new production problems for 787 Dreamliners</li>\n <li>Indexes: Dow -0.31%, S&P 500 -0.35%, Nasdaq -0.38%</li>\n</ul>\n<p>(Updates following end of session)</p>\n<p>July 13 (Reuters) - The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.</p>\n<p>The S&P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.</p>\n<p>Data indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.</p>\n<p>Economists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.</p>\n<p>\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p>\n<p>The S&P 500 growth index dipped 0.05%, while the value index fell 0.70%.</p>\n<p>\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.</p>\n<p>Ten of the 11 major S&P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.</p>\n<p>JPMorgan Chase & Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.</p>\n<p>Goldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.</p>\n<p>Citigroup , Wells Fargo & Co and Bank of America were due to report their quarterly results early on Wednesday.</p>\n<p>PepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.</p>\n<p>June-quarter earnings per share for S&P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.</p>\n<p>All eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.</p>\n<p>The Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&P 500 lost 0.35% to 4,369.21.</p>\n<p>The Nasdaq Composite dropped 0.38% to 14,677.65.</p>\n<p>Conagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.</p>\n<p>Boeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.</p>\n<p>The S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.</p>\n<p>(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEX":"标普100","SPXU":"三倍做空标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF",".DJI":"道琼斯","SPY":"标普500ETF","QLD":"纳指两倍做多ETF","OEF":"标普100指数ETF-iShares","QQQ":"纳指100ETF","UPRO":"三倍做多标普500ETF","TQQQ":"纳指三倍做多ETF","PSQ":"纳指反向ETF","SDS":"两倍做空标普500ETF","IVV":"标普500指数ETF","QID":"纳指两倍做空ETF","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","NDAQ":"纳斯达克OMX交易所"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151560584","content_text":"JPMorgan drops amid low interest rates\nU.S. consumer prices surge in June\nBoeing slips on new production problems for 787 Dreamliners\nIndexes: Dow -0.31%, S&P 500 -0.35%, Nasdaq -0.38%\n\n(Updates following end of session)\nJuly 13 (Reuters) - The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.\nThe S&P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.\nData indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.\nEconomists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.\n\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.\nThe S&P 500 growth index dipped 0.05%, while the value index fell 0.70%.\n\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.\nTen of the 11 major S&P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.\nJPMorgan Chase & Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.\nGoldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.\nCitigroup , Wells Fargo & Co and Bank of America were due to report their quarterly results early on Wednesday.\nPepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.\nJune-quarter earnings per share for S&P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.\nAll eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.\nThe Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&P 500 lost 0.35% to 4,369.21.\nThe Nasdaq Composite dropped 0.38% to 14,677.65.\nConagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.\nBoeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.\nThe S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.\nVolume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.\n(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146632790,"gmtCreate":1626074666210,"gmtModify":1703752806346,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"Hyundai","listText":"Hyundai","text":"Hyundai","images":[{"img":"https://static.tigerbbs.com/b955cf35c27ea7e7608fc2a046c127b2","width":"1125","height":"1814"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146632790","isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":146632310,"gmtCreate":1626074570530,"gmtModify":1703752805695,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146632310","repostId":"1139004991","repostType":4,"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146636094,"gmtCreate":1626074425118,"gmtModify":1703752804225,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146636094","repostId":"2150058189","repostType":4,"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":145792881,"gmtCreate":1626243702643,"gmtModify":1703756216806,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145792881","repostId":"2151560584","repostType":4,"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173218840,"gmtCreate":1626661873880,"gmtModify":1703762904461,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173218840","repostId":"1153389888","repostType":4,"repost":{"id":"1153389888","pubTimestamp":1626658813,"share":"https://ttm.financial/m/news/1153389888?lang=&edition=fundamental","pubTime":"2021-07-19 09:40","market":"us","language":"en","title":"Singapore Prepares to Swap Its Oil Hub Status for Greener Future","url":"https://stock-news.laohu8.com/highlight/detail?id=1153389888","media":"Bloomberg","summary":"(Bloomberg) -- Royal Dutch Shell Plc announced late last year it would slash capacity by half at its","content":"<p>(Bloomberg) -- Royal Dutch Shell Plc announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history.</p>\n<p>The plant on Bukom Island is part of a massive refining and petrochemical industry built largely on reclaimed islands just off the city-state. In tandem with the cargo vessels they fueled, the refineries helped drive Singapore’s economic success after independence, attracting billions in investment and spawning businesses from plastics to rig construction and finance.</p>\n<p>“We’ve come a long way as a result of the energy and chemical sector,” said Tan See Leng, Singapore’s labor minister and second minister for trade and industry. “The key thing is not to completely sort of move away, but to see how we can pivot, how we can transform.”</p>\n<p>To that end, the government this year released the Singapore Green Plan 2030, setting out a path for the city-state to become a leading regional hub for carbon trading, green finance, consulting and risk management and other services. Sovereign wealth fund Temasek Holdings Pte., along with the Singapore Exchange, Standard Chartered Plc and DBS Group Holdings Ltd. announced in May a plan to set up a global exchange for high-quality carbon credits.</p>\n<p>The city also offers a modern base with a skilled workforce from which new energy companies can run their operations in the region. Vena Energy Capital Pte., one of the largest independent renewable power generators in Asia-Pacific, with wind and solar projects stretching from Australia to India, established its headquarters in a modernist glass-and-steel tower in the city’s financial center, despite having no other operations in the country.</p>\n<p>“Given the regulatory transparency that Singapore has, it gives comfort to investors,” said Vena Chief Executive Officer Nitin Apte. “That was true in the past and will be true in the future with renewables.”</p>\n<p>Oil Town</p>\n<p>But Singapore’s switch from black gold to green energy is a difficult balancing act. In 2019, the city was the world’s fourth-biggest exporter of refined petroleum, and fuels and chemicals accounted for around 23% of its total merchandise trade, according to data from the World Bank and the Observatory of Economic Complexity. It’s still a regional trading center for coal, natural gas and oil products and supports dozens of finance houses that specialize in the commodities. More than 100 global chemical companies have operations in the city.</p>\n<p>Bukom Island was there at the start. As far back as the 1890s it was the landing place for Russian kerosene. Shell opened Singapore’s first refinery there just prior to independence in 1961 and four more plants were added over the next couple of decades.</p>\n<p>Exxon Mobil Corp.’s antecedents soon followed, including a refinery on the nearby island of Ayer Chawan, now part of the giant Jurong Island refining complex that Singapore is hoping to transform into an industrial park for sustainable energy and chemicals.</p>\n<p>Now Shell’s investment is in reverse. About 500 jobs will go at the Bukom complex, and many more will likely disappear in Singapore in the coming years. For a nation with no natural resources of its own, its position as an intermediary in the global fuel supply chain will be hard to replace.</p>\n<p>Singapore owes much of its economic success to imaginative and ruthless exploitation of its location, wrote historian Michael Barr in his book “Singapore: A Modern History.” In the energy sector that meant leveraging its position on one of the world’s busiest shipping routes, between the Middle East and the major economies in East Asia.</p>\n<p>That won’t necessarily help its status as an energy hub for renewables like solar and wind that tend to be located in consuming countries, but it could still be an asset for hydrogen, which is gaining momentum as a possible emissions-free fuel for transportation and other energy supplies.</p>\n<p>Hydrogen Hope</p>\n<p>“As it has with natural gas, it may be able to position itself as an intermediary for hydrogen in terms of pricing, terminal facilities and storage,” said David Skilling, founding director of Landfall Strategy Group, which advises small, advanced economies. Still, it’s not yet clear to what extent the hydrogen economy will rely on hubs, said Skilling, who was based in Singapore for more than a decade before relocating recently to the Netherlands.</p>\n<p>More than 30 countries have released hydrogen roadmaps, according to a report by the Hydrogen Council and McKinsey & Co. But Singapore isn’t yet ready to commit to a strategy, Tan said.</p>\n<p>The government has agreements with Australia and Chile for potential collaboration on hydrogen technology, and is working with Japanese companies on ways to transport the gas, Tan said. “As the technology gets more accepted, more widely available, as costs start to drop somewhat, I think they’ll come to an inflection point,” he said.</p>\n<p>Hydrogen and liquefied natural gas have the advantage for Singapore that some oil and petrochemical infrastructure can be retooled for them, said George Nassaouati, who looks at energy transition risks as head of natural resources Asia at Willis Towers Watson. Singapore could also provide engineering and project management expertise to help set up LNG or hydrogen facilities in Southeast Asia, he said.</p>\n<p>Landfall’s Skilling says the “constructive paranoia” that enabled Singapore to navigate waves of economic disruption may help it make the transition. “It’s always very adept at figuring out what the next thing is, figuring out what its niche in that space is and being able to extract value from it,” he said.</p>\n<p>The attention and direction from the government is definitely there, said Selena Ling, head of treasury research and strategy at Oversea-Chinese Banking Corp. The Monetary Authority of Singapore is developing grant programs to support green and sustainability loans, as well as placing $2 billion of funds with asset managers to catalyze green finance activities out of Singapore, she said.</p>\n<p>Singapore is looking at raising its carbon tax higher than originally planned, Minister for Sustainability and the Environment Grace Fu told Bloomberg in an interview on Friday. The city-state was the first in Asia to introduce a levy on carbon, currently set at S$5 per ton of greenhouse gas. The tax will be revised shortly, Fu said.</p>\n<p>A privately run carbon-credit trading platform that’s backed by some of the nation’s biggest firms would probably be up and running by the end of the year, she said.</p>\n<p>The state of 5.7 million people may also have more time to adapt than Europe or the U.S. because it’s in a region that looks set to rely on hydrocarbons for many years to come. South and Southeast Asia will have the highest oil products demand growth over 2019 to 2035, according to another report from McKinsey. Singapore’s refiners don’t need to do anything drastic yet, said Victor Shum, vice president of energy consulting at IHS Markit.</p>\n<p>Until around 2030 at least, there’s little risk of a major drop-off in demand for oil products, Tan said. Meanwhile, the government is encouraging innovation in areas like carbon capture and moving toward more solar and tidal power, in its drive to be in the vanguard of the energy transition in the region.</p>\n<p>“I’m not sure they necessarily want to follow us, but I think we hope to be the green oasis,” he said.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Prepares to Swap Its Oil Hub Status for Greener Future</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Prepares to Swap Its Oil Hub Status for Greener Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 09:40 GMT+8 <a href=https://finance.yahoo.com/news/singapore-prepares-swap-oil-hub-011051609.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Royal Dutch Shell Plc announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-prepares-swap-oil-hub-011051609.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RDS.A":"荷兰皇家壳牌石油A类股"},"source_url":"https://finance.yahoo.com/news/singapore-prepares-swap-oil-hub-011051609.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153389888","content_text":"(Bloomberg) -- Royal Dutch Shell Plc announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history.\nThe plant on Bukom Island is part of a massive refining and petrochemical industry built largely on reclaimed islands just off the city-state. In tandem with the cargo vessels they fueled, the refineries helped drive Singapore’s economic success after independence, attracting billions in investment and spawning businesses from plastics to rig construction and finance.\n“We’ve come a long way as a result of the energy and chemical sector,” said Tan See Leng, Singapore’s labor minister and second minister for trade and industry. “The key thing is not to completely sort of move away, but to see how we can pivot, how we can transform.”\nTo that end, the government this year released the Singapore Green Plan 2030, setting out a path for the city-state to become a leading regional hub for carbon trading, green finance, consulting and risk management and other services. Sovereign wealth fund Temasek Holdings Pte., along with the Singapore Exchange, Standard Chartered Plc and DBS Group Holdings Ltd. announced in May a plan to set up a global exchange for high-quality carbon credits.\nThe city also offers a modern base with a skilled workforce from which new energy companies can run their operations in the region. Vena Energy Capital Pte., one of the largest independent renewable power generators in Asia-Pacific, with wind and solar projects stretching from Australia to India, established its headquarters in a modernist glass-and-steel tower in the city’s financial center, despite having no other operations in the country.\n“Given the regulatory transparency that Singapore has, it gives comfort to investors,” said Vena Chief Executive Officer Nitin Apte. “That was true in the past and will be true in the future with renewables.”\nOil Town\nBut Singapore’s switch from black gold to green energy is a difficult balancing act. In 2019, the city was the world’s fourth-biggest exporter of refined petroleum, and fuels and chemicals accounted for around 23% of its total merchandise trade, according to data from the World Bank and the Observatory of Economic Complexity. It’s still a regional trading center for coal, natural gas and oil products and supports dozens of finance houses that specialize in the commodities. More than 100 global chemical companies have operations in the city.\nBukom Island was there at the start. As far back as the 1890s it was the landing place for Russian kerosene. Shell opened Singapore’s first refinery there just prior to independence in 1961 and four more plants were added over the next couple of decades.\nExxon Mobil Corp.’s antecedents soon followed, including a refinery on the nearby island of Ayer Chawan, now part of the giant Jurong Island refining complex that Singapore is hoping to transform into an industrial park for sustainable energy and chemicals.\nNow Shell’s investment is in reverse. About 500 jobs will go at the Bukom complex, and many more will likely disappear in Singapore in the coming years. For a nation with no natural resources of its own, its position as an intermediary in the global fuel supply chain will be hard to replace.\nSingapore owes much of its economic success to imaginative and ruthless exploitation of its location, wrote historian Michael Barr in his book “Singapore: A Modern History.” In the energy sector that meant leveraging its position on one of the world’s busiest shipping routes, between the Middle East and the major economies in East Asia.\nThat won’t necessarily help its status as an energy hub for renewables like solar and wind that tend to be located in consuming countries, but it could still be an asset for hydrogen, which is gaining momentum as a possible emissions-free fuel for transportation and other energy supplies.\nHydrogen Hope\n“As it has with natural gas, it may be able to position itself as an intermediary for hydrogen in terms of pricing, terminal facilities and storage,” said David Skilling, founding director of Landfall Strategy Group, which advises small, advanced economies. Still, it’s not yet clear to what extent the hydrogen economy will rely on hubs, said Skilling, who was based in Singapore for more than a decade before relocating recently to the Netherlands.\nMore than 30 countries have released hydrogen roadmaps, according to a report by the Hydrogen Council and McKinsey & Co. But Singapore isn’t yet ready to commit to a strategy, Tan said.\nThe government has agreements with Australia and Chile for potential collaboration on hydrogen technology, and is working with Japanese companies on ways to transport the gas, Tan said. “As the technology gets more accepted, more widely available, as costs start to drop somewhat, I think they’ll come to an inflection point,” he said.\nHydrogen and liquefied natural gas have the advantage for Singapore that some oil and petrochemical infrastructure can be retooled for them, said George Nassaouati, who looks at energy transition risks as head of natural resources Asia at Willis Towers Watson. Singapore could also provide engineering and project management expertise to help set up LNG or hydrogen facilities in Southeast Asia, he said.\nLandfall’s Skilling says the “constructive paranoia” that enabled Singapore to navigate waves of economic disruption may help it make the transition. “It’s always very adept at figuring out what the next thing is, figuring out what its niche in that space is and being able to extract value from it,” he said.\nThe attention and direction from the government is definitely there, said Selena Ling, head of treasury research and strategy at Oversea-Chinese Banking Corp. The Monetary Authority of Singapore is developing grant programs to support green and sustainability loans, as well as placing $2 billion of funds with asset managers to catalyze green finance activities out of Singapore, she said.\nSingapore is looking at raising its carbon tax higher than originally planned, Minister for Sustainability and the Environment Grace Fu told Bloomberg in an interview on Friday. The city-state was the first in Asia to introduce a levy on carbon, currently set at S$5 per ton of greenhouse gas. The tax will be revised shortly, Fu said.\nA privately run carbon-credit trading platform that’s backed by some of the nation’s biggest firms would probably be up and running by the end of the year, she said.\nThe state of 5.7 million people may also have more time to adapt than Europe or the U.S. because it’s in a region that looks set to rely on hydrocarbons for many years to come. South and Southeast Asia will have the highest oil products demand growth over 2019 to 2035, according to another report from McKinsey. Singapore’s refiners don’t need to do anything drastic yet, said Victor Shum, vice president of energy consulting at IHS Markit.\nUntil around 2030 at least, there’s little risk of a major drop-off in demand for oil products, Tan said. Meanwhile, the government is encouraging innovation in areas like carbon capture and moving toward more solar and tidal power, in its drive to be in the vanguard of the energy transition in the region.\n“I’m not sure they necessarily want to follow us, but I think we hope to be the green oasis,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145795913,"gmtCreate":1626243737632,"gmtModify":1703756219068,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"Thk","listText":"Thk","text":"Thk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145795913","repostId":"1147535052","repostType":4,"repost":{"id":"1147535052","pubTimestamp":1626240902,"share":"https://ttm.financial/m/news/1147535052?lang=&edition=fundamental","pubTime":"2021-07-14 13:35","market":"us","language":"en","title":"Billionaire David Tepper’s Next Play: Private Equity With a Side of Sports","url":"https://stock-news.laohu8.com/highlight/detail?id=1147535052","media":"Bloomberg","summary":"(Bloomberg) -- Hedge fund manager David Tepper, best known for his stock-picking prowess, is devotin","content":"<p>(Bloomberg) -- Hedge fund manager David Tepper, best known for his stock-picking prowess, is devoting a piece of his personal fortune to private investing.</p>\n<p>Tepper -- worth about $14.5 billion -- has become the founding investor for a private equity firm that plans to invest in growth companies, special situations and the media and sports sectors, according to regulatory filings and a person familiar with the matter.</p>\n<p>The firm, Andalusian Private Capital, was co-founded by one of Tepper’s most trusted executives -- Jeffrey Kaplan, a former Merrill Lynch mergers head who helped his one-time boss make the record-setting $2.3 billion acquisition of the National Football League’s Carolina Panthers.</p>\n<p>Andalusian, with about $800 million in assets, will invest on behalf of Tepper and more than 10 family offices who are banding together to do their own transactions rather than committing capital to private equity firms. Family offices have been adopting this approach because they believe big buyout firms are increasingly prioritizing asset growth over returns, according to Elizabeth Weymouth, the founder of Grafine Partners.</p>\n<p>“They really want to get closer to the source of alpha rather than being walled off from the action in a traditional private equity fund,” said Weymouth, who was speaking in general terms, based on her firm’s specialty of investing in individual buyouts on behalf of wealthy investors, endowments and sovereign wealth funds. “These investors want more control, they want more flexibility in holding periods, and they want superior returns.”</p>\n<p>A spokesman for Tepper’s hedge fund firm, Appaloosa Management, declined to comment. Tepper didn’t return calls or emails.</p>\n<p>Tepper has backed other Appaloosa executives and portfolio managers who have gone on to form their own fund companies, including Eric Cole, Matthew Knauer and Drew Casino. His arrangement with Kaplan is no different, the person familiar with Tepper’s thinking said.</p>\n<p><b>Passive Role</b></p>\n<p>While Tepper won’t be involved day-to-day in Andalusian, it bears his imprimatur. The firm is located in the same Short Hills, New Jersey, office building that has housed Appaloosa for decades and also uses an equine-related name -- a practice that Tepper, 63, adopted in founding his own firm and several of its main funds, including Palomino and Azteca Partners.</p>\n<p>Tepper was listed as a co-founder of Andalusian, along with Kaplan and Vice Chairman Nicholas Savasta, in an April filing with the U.S. Securities and Exchange Commission. Earlier this month, the firm revised the filing to say that Kaplan and Savasta launched the company last year “with its founding investor, David Tepper.”</p>\n<p>Tepper will have a strictly passive role, said the person, who asked not to be identified discussing private matters.</p>\n<p>Aside from Tepper, the firm also has a minority investor, according to the SEC filing. While also described as a passive player, the investor -- who isn’t named in the documents -- will have the opportunity to make co-investments alongside the firm’s clients, provide services or financing to its portfolio companies and share in some of Andalusian’s profits, the filing shows.</p>\n<p>Tepper has given few hints publicly that he or other members of his firm were branching into private equity. The firm quietly opened in 2020 and few knew about it until Andalusian filed earlier this year to be a registered money manager.</p>\n<p><b>Sports Moves</b></p>\n<p>Andalusian’s equity investments will range from $100 million to $500 million, said the person familiar with the firm’s plans. In addition to investing in the sports industry -- along with technology and media companies -- the firm has an affiliate called Andalusian Sports Partners, according to the filing. This company will provide sports-related advisory services and management services to “certain sports-focused investment funds.”</p>\n<p>Meanwhile, Tepper’s sports interests have expanded since he became an NFL owner. He has been planning a new Panthers stadium and in 2019 Tepper agreed to pay a record $325 million to bring a major league soccer franchise to Charlotte. He was also among investors who helped Epic Games Inc., the company behind the blockbuster Fortnite game, raise $1.78 billion.</p>\n<p>As for Kaplan, he’s a veteran dealmaker who spent three decades at Merrill rising to become global head of mergers and acquisitions. In 2011, he joined Appaloosa as chief operating officer, leading the firm’s acquisitions and managing its investment banking relationships. He also worked on finding private deals for Tepper to personally invest in, said another person with knowledge of the firm’s operations.</p>\n<p>Yet even as Kaplan builds his own firm, regulatory filings reveal an unusual arrangement in which he is working for another firm at the same time.</p>\n<p>Kaplan serves as the head of business development for Accelerate Acquisition Corp., a blank check company that went public in March and that is run by Robert Nardelli, the former chief executive officer of Chrysler LLC and Home Depot Inc.</p>\n<p>Accelerate has a partnership with Andalusian that calls for Kaplan to bring transactions to that firm even as he hunts for his own opportunities.</p>\n<p>“We believe sellers of assets will look favorably on Andalusian’s involvement with us,” Accelerate said in offering documents filed with the SEC.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Billionaire David Tepper’s Next Play: Private Equity With a Side of Sports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBillionaire David Tepper’s Next Play: Private Equity With a Side of Sports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 13:35 GMT+8 <a href=https://finance.yahoo.com/news/david-tepper-next-play-private-170227723.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Hedge fund manager David Tepper, best known for his stock-picking prowess, is devoting a piece of his personal fortune to private investing.\nTepper -- worth about $14.5 billion -- has ...</p>\n\n<a href=\"https://finance.yahoo.com/news/david-tepper-next-play-private-170227723.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/david-tepper-next-play-private-170227723.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147535052","content_text":"(Bloomberg) -- Hedge fund manager David Tepper, best known for his stock-picking prowess, is devoting a piece of his personal fortune to private investing.\nTepper -- worth about $14.5 billion -- has become the founding investor for a private equity firm that plans to invest in growth companies, special situations and the media and sports sectors, according to regulatory filings and a person familiar with the matter.\nThe firm, Andalusian Private Capital, was co-founded by one of Tepper’s most trusted executives -- Jeffrey Kaplan, a former Merrill Lynch mergers head who helped his one-time boss make the record-setting $2.3 billion acquisition of the National Football League’s Carolina Panthers.\nAndalusian, with about $800 million in assets, will invest on behalf of Tepper and more than 10 family offices who are banding together to do their own transactions rather than committing capital to private equity firms. Family offices have been adopting this approach because they believe big buyout firms are increasingly prioritizing asset growth over returns, according to Elizabeth Weymouth, the founder of Grafine Partners.\n“They really want to get closer to the source of alpha rather than being walled off from the action in a traditional private equity fund,” said Weymouth, who was speaking in general terms, based on her firm’s specialty of investing in individual buyouts on behalf of wealthy investors, endowments and sovereign wealth funds. “These investors want more control, they want more flexibility in holding periods, and they want superior returns.”\nA spokesman for Tepper’s hedge fund firm, Appaloosa Management, declined to comment. Tepper didn’t return calls or emails.\nTepper has backed other Appaloosa executives and portfolio managers who have gone on to form their own fund companies, including Eric Cole, Matthew Knauer and Drew Casino. His arrangement with Kaplan is no different, the person familiar with Tepper’s thinking said.\nPassive Role\nWhile Tepper won’t be involved day-to-day in Andalusian, it bears his imprimatur. The firm is located in the same Short Hills, New Jersey, office building that has housed Appaloosa for decades and also uses an equine-related name -- a practice that Tepper, 63, adopted in founding his own firm and several of its main funds, including Palomino and Azteca Partners.\nTepper was listed as a co-founder of Andalusian, along with Kaplan and Vice Chairman Nicholas Savasta, in an April filing with the U.S. Securities and Exchange Commission. Earlier this month, the firm revised the filing to say that Kaplan and Savasta launched the company last year “with its founding investor, David Tepper.”\nTepper will have a strictly passive role, said the person, who asked not to be identified discussing private matters.\nAside from Tepper, the firm also has a minority investor, according to the SEC filing. While also described as a passive player, the investor -- who isn’t named in the documents -- will have the opportunity to make co-investments alongside the firm’s clients, provide services or financing to its portfolio companies and share in some of Andalusian’s profits, the filing shows.\nTepper has given few hints publicly that he or other members of his firm were branching into private equity. The firm quietly opened in 2020 and few knew about it until Andalusian filed earlier this year to be a registered money manager.\nSports Moves\nAndalusian’s equity investments will range from $100 million to $500 million, said the person familiar with the firm’s plans. In addition to investing in the sports industry -- along with technology and media companies -- the firm has an affiliate called Andalusian Sports Partners, according to the filing. This company will provide sports-related advisory services and management services to “certain sports-focused investment funds.”\nMeanwhile, Tepper’s sports interests have expanded since he became an NFL owner. He has been planning a new Panthers stadium and in 2019 Tepper agreed to pay a record $325 million to bring a major league soccer franchise to Charlotte. He was also among investors who helped Epic Games Inc., the company behind the blockbuster Fortnite game, raise $1.78 billion.\nAs for Kaplan, he’s a veteran dealmaker who spent three decades at Merrill rising to become global head of mergers and acquisitions. In 2011, he joined Appaloosa as chief operating officer, leading the firm’s acquisitions and managing its investment banking relationships. He also worked on finding private deals for Tepper to personally invest in, said another person with knowledge of the firm’s operations.\nYet even as Kaplan builds his own firm, regulatory filings reveal an unusual arrangement in which he is working for another firm at the same time.\nKaplan serves as the head of business development for Accelerate Acquisition Corp., a blank check company that went public in March and that is run by Robert Nardelli, the former chief executive officer of Chrysler LLC and Home Depot Inc.\nAccelerate has a partnership with Andalusian that calls for Kaplan to bring transactions to that firm even as he hunts for his own opportunities.\n“We believe sellers of assets will look favorably on Andalusian’s involvement with us,” Accelerate said in offering documents filed with the SEC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146632790,"gmtCreate":1626074666210,"gmtModify":1703752806346,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"Hyundai","listText":"Hyundai","text":"Hyundai","images":[{"img":"https://static.tigerbbs.com/b955cf35c27ea7e7608fc2a046c127b2","width":"1125","height":"1814"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146632790","isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":146632310,"gmtCreate":1626074570530,"gmtModify":1703752805695,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146632310","repostId":"1139004991","repostType":4,"repost":{"id":"1139004991","pubTimestamp":1626061063,"share":"https://ttm.financial/m/news/1139004991?lang=&edition=fundamental","pubTime":"2021-07-12 11:37","market":"sh","language":"en","title":"Hillhouse Emerges as Preferred Bidder for $2 Billion King Koil China","url":"https://stock-news.laohu8.com/highlight/detail?id=1139004991","media":"Bloomberg","summary":"(Bloomberg) -- Hillhouse Capital Management has emerged as the preferred bidder for Advent Internati","content":"<p>(Bloomberg) -- Hillhouse Capital Management has emerged as the preferred bidder for Advent International’s King Koil China mattress business in a deal that could be valued at more than $2 billion, according to people familiar with the matter.</p>\n<p>Talks are in an advanced stage and an announcement could come as soon as this week, said the people, who asked not to be identified as the information is private.</p>\n<p>Discussions could still be delayed or fall apart, the people added. A representative for Hillhouse couldn’t immediately comment, while a representative for Advent didn’t immediately respond to requests for comment.</p>\n<p>Advent International has been in talks with advisers about a prospective deal for King Koil China, Bloomberg News reported in February. The U.S. buyout firm was considering options including a sale, initial public offering as well as a consolidation of the mattress maker.</p>\n<p>Founded in 1984, Advent International has invested $56 billion across 42 countries, according to its website. The fund bought a majority stake in King Koil China from Citic Capital Partners in 2016 for an undisclosed amount, according to a statement.</p>\n<p>The King Koil brand traces its roots to 1898. King Koil China, which was set up in 2000, is the exclusive licensee of several international mattress brands such as King Koil, Aireloom and Life Balance in the world’s second-biggest economy.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hillhouse Emerges as Preferred Bidder for $2 Billion King Koil China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHillhouse Emerges as Preferred Bidder for $2 Billion King Koil China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 11:37 GMT+8 <a href=https://finance.yahoo.com/news/hillhouse-emerges-preferred-bidder-2-031150906.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Hillhouse Capital Management has emerged as the preferred bidder for Advent International’s King Koil China mattress business in a deal that could be valued at more than $2 billion, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hillhouse-emerges-preferred-bidder-2-031150906.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/hillhouse-emerges-preferred-bidder-2-031150906.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139004991","content_text":"(Bloomberg) -- Hillhouse Capital Management has emerged as the preferred bidder for Advent International’s King Koil China mattress business in a deal that could be valued at more than $2 billion, according to people familiar with the matter.\nTalks are in an advanced stage and an announcement could come as soon as this week, said the people, who asked not to be identified as the information is private.\nDiscussions could still be delayed or fall apart, the people added. A representative for Hillhouse couldn’t immediately comment, while a representative for Advent didn’t immediately respond to requests for comment.\nAdvent International has been in talks with advisers about a prospective deal for King Koil China, Bloomberg News reported in February. The U.S. buyout firm was considering options including a sale, initial public offering as well as a consolidation of the mattress maker.\nFounded in 1984, Advent International has invested $56 billion across 42 countries, according to its website. The fund bought a majority stake in King Koil China from Citic Capital Partners in 2016 for an undisclosed amount, according to a statement.\nThe King Koil brand traces its roots to 1898. King Koil China, which was set up in 2000, is the exclusive licensee of several international mattress brands such as King Koil, Aireloom and Life Balance in the world’s second-biggest economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146636094,"gmtCreate":1626074425118,"gmtModify":1703752804225,"author":{"id":"4089171079480930","authorId":"4089171079480930","name":"Globalmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089171079480930","authorIdStr":"4089171079480930"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146636094","repostId":"2150058189","repostType":4,"repost":{"id":"2150058189","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626070287,"share":"https://ttm.financial/m/news/2150058189?lang=&edition=fundamental","pubTime":"2021-07-12 14:11","market":"hk","language":"en","title":"BYD's Hong Kong shares set for best day in over 6 months, Citi lifts TP","url":"https://stock-news.laohu8.com/highlight/detail?id=2150058189","media":"Reuters","summary":"** Hong Kong shares of Chinese electric vehicle maker BYD Co Ltd surge 9.7% to HK$237.20, on course ","content":"<p>** Hong Kong shares of Chinese electric vehicle maker BYD Co Ltd surge 9.7% to HK$237.20, on course for their best day since Jan. 4</p>\n<p>** Stock is the biggest percentage gainer in the benchmark Hang Seng Index and the second-biggest gainer in the Hang Seng China Enterprises Index</p>\n<p>** Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles, maintained their strong momentum in China, jumping 139.3% to 256,000 units in June, industry data showed</p>\n<p>** Auto sales in China fell 12.4% in June on the year, as a global shortage of semiconductors hit production in the world's biggest car market</p>\n<p>** Citi lifts target price of BYD's Hong Kong shares to HK$327 from HK$287, on expectations of further improvement in NEV sales amid increasing adoption and acceptance of NEVs by Chinese customers</p>\n<p>** Citi reiterates Geely and BYD as the sector's top picks, seeing both offering the best NEV model cycles from the second half of 2021 into 2022</p>\n<p>** BYD's Shenzhen shares rise 9.7% to 272.91 yuan, highest since Feb. 3</p>\n<p>** Shares of Geely Automobile rise 4.7% to HK$24.75</p>\n<p>** Both the Hang Seng China Enterprises Index and the benchmark index climb 0.4%</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's Hong Kong shares set for best day in over 6 months, Citi lifts TP</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's Hong Kong shares set for best day in over 6 months, Citi lifts TP\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-12 14:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Hong Kong shares of Chinese electric vehicle maker BYD Co Ltd surge 9.7% to HK$237.20, on course for their best day since Jan. 4</p>\n<p>** Stock is the biggest percentage gainer in the benchmark Hang Seng Index and the second-biggest gainer in the Hang Seng China Enterprises Index</p>\n<p>** Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles, maintained their strong momentum in China, jumping 139.3% to 256,000 units in June, industry data showed</p>\n<p>** Auto sales in China fell 12.4% in June on the year, as a global shortage of semiconductors hit production in the world's biggest car market</p>\n<p>** Citi lifts target price of BYD's Hong Kong shares to HK$327 from HK$287, on expectations of further improvement in NEV sales amid increasing adoption and acceptance of NEVs by Chinese customers</p>\n<p>** Citi reiterates Geely and BYD as the sector's top picks, seeing both offering the best NEV model cycles from the second half of 2021 into 2022</p>\n<p>** BYD's Shenzhen shares rise 9.7% to 272.91 yuan, highest since Feb. 3</p>\n<p>** Shares of Geely Automobile rise 4.7% to HK$24.75</p>\n<p>** Both the Hang Seng China Enterprises Index and the benchmark index climb 0.4%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00175":"吉利汽车","01211":"比亚迪股份"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150058189","content_text":"** Hong Kong shares of Chinese electric vehicle maker BYD Co Ltd surge 9.7% to HK$237.20, on course for their best day since Jan. 4\n** Stock is the biggest percentage gainer in the benchmark Hang Seng Index and the second-biggest gainer in the Hang Seng China Enterprises Index\n** Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles, maintained their strong momentum in China, jumping 139.3% to 256,000 units in June, industry data showed\n** Auto sales in China fell 12.4% in June on the year, as a global shortage of semiconductors hit production in the world's biggest car market\n** Citi lifts target price of BYD's Hong Kong shares to HK$327 from HK$287, on expectations of further improvement in NEV sales amid increasing adoption and acceptance of NEVs by Chinese customers\n** Citi reiterates Geely and BYD as the sector's top picks, seeing both offering the best NEV model cycles from the second half of 2021 into 2022\n** BYD's Shenzhen shares rise 9.7% to 272.91 yuan, highest since Feb. 3\n** Shares of Geely Automobile rise 4.7% to HK$24.75\n** Both the Hang Seng China Enterprises Index and the benchmark index climb 0.4%","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
