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2021-06-05
$AMC Entertainment(AMC)$
APES TOGETHER STRONG
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2021-06-04
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2021-04-27
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What's The Real Story Of Tesla In China?
What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex t
What's The Real Story Of Tesla In China?
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2021-04-26
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Credit Suisse investors oppose risk chairman's Gottschling re-election
ZURICH, April 26 (Reuters) - Shareholders holding more than 15% of Credit Suisse stock want to ou
Credit Suisse investors oppose risk chairman's Gottschling re-election
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2021-04-26
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Philips lifts 2021 forecast as Q1 sales soar amid pandemic
AMSTERDAM, April 26 (Reuters) - Philips on Monday posted a hefty jump in quarterly profit and nud
Philips lifts 2021 forecast as Q1 sales soar amid pandemic
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2021-04-26
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Global supply chains remain fragile as the Chinese flex t","content":"<p><b><i>What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.</i></b></p>\n<p>There is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.</p>\n<p>But across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.</p>\n<ul>\n <li><p>We have a global explosion of repressed consumer spending set to hit the market.</p></li>\n <li><p>There is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)</p></li>\n <li><p>There is the threat of further supply shocks on the back of rising trade and cold-war ructions.</p></li>\n</ul>\n<p><b>The world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?</b>That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.</p>\n<p>I saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?</p>\n<p><b>Tesla is finding itself on the receiving end of pointed official China criticism</b>– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.</p>\n<p>If Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.</p>\n<p>But, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.</p>\n<p><b>Tesla is walking a very thin line in China</b>– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.</p>\n<p>Musk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.</p>\n<p>And since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.</p>\n<p><i><b>But… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.</b></i></p>\n<p>To this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)</p>\n<p>More importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.</p>\n<p><b>Ok – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).</b></p>\n<p>There is a big missed theme around Tesla – competition.</p>\n<p><b>Their EV tech moat is shallow.</b>Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.</p>\n<p><b>Going back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.</b>That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…</p>\n<p>Let, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.</p>\n<p>The geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)</p>\n<p>The moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.</p>\n<p>China critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.</p>\n<p>The next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: <b>“Things are seldom as bad as you fear, but never as good as you hope!”</b></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>What's The Real Story Of Tesla In 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\">\nWhat's The Real Story Of Tesla In China?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 20:53 GMT+8 <a href=https://www.zerohedge.com/markets/whats-real-story-tesla-china><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially...</p>\n\n<a href=\"https://www.zerohedge.com/markets/whats-real-story-tesla-china\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/whats-real-story-tesla-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161810404","content_text":"What’s really going on for Tesla in China? Global supply chains remain fragile as the Chinese flex their muscles and national buying power. That may prove problematic for western firms, and especially Tesla. But also it raises questions about investment imperatives on China growth vs flatline in the West.\nThere is lots to be positive about this morning. The first headline to catch my eye was a prediction from Goldman Sachs raising their target to 7.8% UK growth in 2021 – up from the 5% consensus. Great stuff! A colleague sent me the FT’s analysis of the Pandemic end-game: 5.2% people have been infected last week, but vaccines are clearly working and saving lives. And there are some spectacular company results hitting the screens.\nBut across the globe supply chain ructions continue. Jaguar Land Rover has shut down a number of factories over the global shortage of chips. There are warning of everything from autos, fridges, toasters to airplanes being delayed due to apparent hoarding by Chinese manufacturers concerned about possible sanctions if the current cold war heats up.\n\nWe have a global explosion of repressed consumer spending set to hit the market.\nThere is a global shortage of goods. (I know this – it looks like our new kitchen will have a wine-chiller shaped gap due to the lack of supply! Shocking…. Simply shocking…)\nThere is the threat of further supply shocks on the back of rising trade and cold-war ructions.\n\nThe world is less stable than we hope. And it boils down to a very simple question. What’s really happening in China?That, I suspect, is the critical factor when it comes to predicting just how strong pandemic recovery will be, or how constrained it may become.\nI saw a headline flash by this morning anticipating Apple iPhone China sales fell in March as sales of new domestic smart-phones kicked in. According to Seeking Alpha high China sales in Jan/Feb have reversed despite the success of the new iPhone 12. (Apple numbers are tomorrow.) Why would China sales fall? Is it because Chinese consumers are increasingly persuaded to buy home-grown product, fuelled by a patriotic duty to do so?\nTesla is finding itself on the receiving end of pointed official China criticism– and Musk (surprisingly) has bowed his head and promised to do better. The headlines about a US Tesla crash where there is a dispute about whether anyone was actually driving is just noise and distraction. The real story is the future for Tesla demand in China.\nIf Tesla was criticised in the US for shoddy servicing, poor customer care, and was accused of breaching privacy rules with car mounted cameras, you can bet Musk would be screaming obscenities, appearing on prime time TV smoking a joint to tell us regulators are idiots, and that the press knows nothing. Allegations of customer dissatisfaction would be steamrollered by a barrage of Tesla Fanboy hate posts and denials refusing to discuss the matter.\nBut, when Tesla gets accused of the same failings in China – suddenly Musk does the right thing and kow-tows, promising to do better. Musk is beginning to understand that displaying “sincerity” in China means doing exactly what the state tells him to do.\nTesla is walking a very thin line in China– and Elon knows it. On one hand, he’s bet the shop on promises the EV maker will deliver big into China. On the other, the recent Shanghai Motor Show featured a couple of Teslas, but, more importantly, a vast number of sophisticated Chinese new models EVs set for launch in the coming year.\nMusk may soon realise the Chinese might just have played him for a chump – supporting and financing his gigafactory build to get EVs established in the Chinese consumer mindset, while also conclusively demonstrating to the Chinese autofirms the foreign rival products they have to beat.\nAnd since we’re talking about Tesla, let’s get off the China theme for a moment, and think about the results it announced y’day: Congratulations to them for beating Q1 expectations. Net income of $438mm, revenues up 74% and 185,000 cars delivered.\nBut… all that glitters is not revenue from car sales… Let’s see… what did the results really tell us? That profit was based on $518 mm of regulatory credit sales and a $101 positive gain from its Bitcoin position and sales. Strip these out and… and Telsa lost $181mm selling cars.\nTo this day I don’t believe Tesla has made a single brass cent selling cars, yet the purveyor of fine regulatory credits and dabbler in cryptocurrencies has made its owner the second richest man on the planet. (And yes.. I still hold a small position in the stock.)\nMore importantly, the Q1 results show Musk is caught between the proverbial rock and river. He knows winning in China is critical for his evolved EV scheme.\nOk – calling Tesla a pyramid scheme is harsh, but Musk knows he needs to keep up the positive news flow; continually demonstrating Telsa’s lead in EV, increasing his production numbers, upping the profits and feeding a never-ending stream of positive spin (like autonomous driving tomorrow – always tomorrow). Without the positive spin driving Tesla marketing and keeping up the stock-price, how will he continue to attract new buyers while persuading current investors to HODL! (Crypto-verse speak for “hold on for dear life”).\nThere is a big missed theme around Tesla – competition.\nTheir EV tech moat is shallow.Today, the firm is still ahead in EV terms of consumer deliverables like quality, range, handling etc, but the rest of the Automotive world; from Tokyo to Munich, from Shanghai to Detroit is playing catch up fast.\nGoing back to China, the party is very keen to see domestic producers not only dominated the China market, but to establish themselves abroad.That’s as true in EVs as it will be in Smart-phones, fridges and all the other paraphernalia of modern life…\nLet, me stir this a bit more. Should you bite the moral bullet and buy HSBC? The potential downside is its engaging with China – but its China that makes the bank so valuable. HSBC is a good illustration of the China conundrum.\nThe geopolitical tensions look high. There are few signs the US and China will reach anything better than a new cold war which is bound to further roil supply chains. There are a surprising number of articles around on how the newly empowered Chinese navy is set to take on American carrier task forces over Taiwan – and hammer them with land-based hyper-missiles. (None of this bodes well for the Big-Lizzie UK carrier strike group heading to the region this summer.)\nThe moral arguments against any China investment can’t be ignored. The treatment of the Uyghurs, surveillance, Tibet and the rest are difficult to square with any ESG investment mandate.\nChina critics will point to the case of Jack Ma and issues of the rule law as further reasons to remain shy of China investors. But its only by fully embracing capitalism and the market economy model – with Chinese Characteristics – the Chinese have been able to so successfully grow their economy and take it through its earlier export-led model to today’s consumption-led economy. The Chinese want their luxury and consumer goods, just like the rest of us.\nThe next couple of months are going to be fascinated in terms of how the China story develops. Trade Wars, its own internal markets, Patriotic buying programmes, and Geopolitics will all feature. At this point, remember my mantra no 4: “Things are seldom as bad as you fear, but never as good as you hope!”","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374316722,"gmtCreate":1619418220266,"gmtModify":1704723534065,"author":{"id":"3579577018307778","authorId":"3579577018307778","name":"zhz242","avatar":"https://static.tigerbbs.com/44c73125d79a473003bfbe7fbfd60829","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579577018307778","idStr":"3579577018307778"},"themes":[],"htmlText":"ajshxvskzkdbwjzhevskxjfv","listText":"ajshxvskzkdbwjzhevskxjfv","text":"ajshxvskzkdbwjzhevskxjfv","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374316722","repostId":"2130514392","repostType":4,"repost":{"id":"2130514392","kind":"highlight","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":1619416276,"share":"https://ttm.financial/m/news/2130514392?lang=en_US&edition=fundamental","pubTime":"2021-04-26 13:51","market":"us","language":"en","title":"Credit Suisse investors oppose risk chairman's Gottschling re-election","url":"https://stock-news.laohu8.com/highlight/detail?id=2130514392","media":"Reuters","summary":"ZURICH, April 26 (Reuters) - Shareholders holding more than 15% of Credit Suisse stock want to ou","content":"<p>ZURICH, April 26 (Reuters) - Shareholders holding more than 15% of Credit Suisse stock want to oust the board's risk committee chairman, Andreas Gottschling, after investments imploded, the Financial Times reported on Monday, following a similar call by proxy adviser Glass Lewis.</p><p>Credit Suisse is raising capital, and has halted share buybacks, cut its dividend and revamped management after the Swiss lender lost at least $4.7 billion from the collapse of family office Archegos, and after the bank suspended funds linked to insolvent supply chain finance company Greensill.</p><p>Now, David Herro, vice-chair of Harris Associates, which says it owns 10.25 per cent of the bank's stock, and the Ethos Foundation, which represents 200 Swiss pension funds that own between 3 and 5 per cent, want Gottschling to be removed at the upcoming shareholders meeting.</p><p>Norway's oil fund, which at the end of 2020 owned 3.43% of Credit Suisse stock, also said it would vote against Gottschling's re-election, the FT said.</p><p>\"Not only should Mr. Gottschling be voted down, but I'm actually surprised in light of current events that he hasn't already resigned,\" Herro told the newspaper.</p><p>Earlier this month, Glass Lewis urged Credit Suisse shareholders to oppose Gottschling's re-election, on grounds that as risk committee chairman he should be held accountable for problems tied to Greensill and Archegos.</p><p>\"Our clients are really angry about what has happened,\" Vincent Kaufmann, chief executive of Ethos, told the Financial Times. \"Other members of the risk committee have not been there very long so we will give them more of a chance. took over in 2018 as chair. This now requires a change.”</p><p>Credit Suisse did not immediately comment.</p><p>The Zurich-based bank is due to hold its shareholders' meeting on April 30.</p><p>In contrast to Glass Lewis, another proxy adviser, <a href=\"https://laohu8.com/S/ISFFF\">ISS</a>, has not recommended investors to oppose Gottschling.</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>Credit Suisse investors oppose risk chairman's Gottschling re-election</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\">\nCredit Suisse investors oppose risk chairman's Gottschling re-election\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\">2021-04-26 13:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>ZURICH, April 26 (Reuters) - Shareholders holding more than 15% of Credit Suisse stock want to oust the board's risk committee chairman, Andreas Gottschling, after investments imploded, the Financial Times reported on Monday, following a similar call by proxy adviser Glass Lewis.</p><p>Credit Suisse is raising capital, and has halted share buybacks, cut its dividend and revamped management after the Swiss lender lost at least $4.7 billion from the collapse of family office Archegos, and after the bank suspended funds linked to insolvent supply chain finance company Greensill.</p><p>Now, David Herro, vice-chair of Harris Associates, which says it owns 10.25 per cent of the bank's stock, and the Ethos Foundation, which represents 200 Swiss pension funds that own between 3 and 5 per cent, want Gottschling to be removed at the upcoming shareholders meeting.</p><p>Norway's oil fund, which at the end of 2020 owned 3.43% of Credit Suisse stock, also said it would vote against Gottschling's re-election, the FT said.</p><p>\"Not only should Mr. Gottschling be voted down, but I'm actually surprised in light of current events that he hasn't already resigned,\" Herro told the newspaper.</p><p>Earlier this month, Glass Lewis urged Credit Suisse shareholders to oppose Gottschling's re-election, on grounds that as risk committee chairman he should be held accountable for problems tied to Greensill and Archegos.</p><p>\"Our clients are really angry about what has happened,\" Vincent Kaufmann, chief executive of Ethos, told the Financial Times. \"Other members of the risk committee have not been there very long so we will give them more of a chance. took over in 2018 as chair. This now requires a change.”</p><p>Credit Suisse did not immediately comment.</p><p>The Zurich-based bank is due to hold its shareholders' meeting on April 30.</p><p>In contrast to Glass Lewis, another proxy adviser, <a href=\"https://laohu8.com/S/ISFFF\">ISS</a>, has not recommended investors to oppose Gottschling.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130514392","content_text":"ZURICH, April 26 (Reuters) - Shareholders holding more than 15% of Credit Suisse stock want to oust the board's risk committee chairman, Andreas Gottschling, after investments imploded, the Financial Times reported on Monday, following a similar call by proxy adviser Glass Lewis.Credit Suisse is raising capital, and has halted share buybacks, cut its dividend and revamped management after the Swiss lender lost at least $4.7 billion from the collapse of family office Archegos, and after the bank suspended funds linked to insolvent supply chain finance company Greensill.Now, David Herro, vice-chair of Harris Associates, which says it owns 10.25 per cent of the bank's stock, and the Ethos Foundation, which represents 200 Swiss pension funds that own between 3 and 5 per cent, want Gottschling to be removed at the upcoming shareholders meeting.Norway's oil fund, which at the end of 2020 owned 3.43% of Credit Suisse stock, also said it would vote against Gottschling's re-election, the FT said.\"Not only should Mr. Gottschling be voted down, but I'm actually surprised in light of current events that he hasn't already resigned,\" Herro told the newspaper.Earlier this month, Glass Lewis urged Credit Suisse shareholders to oppose Gottschling's re-election, on grounds that as risk committee chairman he should be held accountable for problems tied to Greensill and Archegos.\"Our clients are really angry about what has happened,\" Vincent Kaufmann, chief executive of Ethos, told the Financial Times. \"Other members of the risk committee have not been there very long so we will give them more of a chance. took over in 2018 as chair. This now requires a change.”Credit Suisse did not immediately comment.The Zurich-based bank is due to hold its shareholders' meeting on April 30.In contrast to Glass Lewis, another proxy adviser, ISS, has not recommended investors to oppose Gottschling.","news_type":1,"symbols_score_info":{"CS":0.9}},"isVote":1,"tweetType":1,"viewCount":1236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374316578,"gmtCreate":1619418195194,"gmtModify":1704723533419,"author":{"id":"3579577018307778","authorId":"3579577018307778","name":"zhz242","avatar":"https://static.tigerbbs.com/44c73125d79a473003bfbe7fbfd60829","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579577018307778","idStr":"3579577018307778"},"themes":[],"htmlText":"jjjjjjjjjjj","listText":"jjjjjjjjjjj","text":"jjjjjjjjjjj","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374316578","repostId":"2130306392","repostType":4,"repost":{"id":"2130306392","kind":"highlight","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":1619415955,"share":"https://ttm.financial/m/news/2130306392?lang=en_US&edition=fundamental","pubTime":"2021-04-26 13:45","market":"us","language":"en","title":"Philips lifts 2021 forecast as Q1 sales soar amid pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=2130306392","media":"Reuters","summary":"AMSTERDAM, April 26 (Reuters) - Philips on Monday posted a hefty jump in quarterly profit and nud","content":"<p>AMSTERDAM, April 26 (Reuters) - Philips on Monday posted a hefty jump in quarterly profit and nudged its expectations for 2021 higher as the coronavirus pandemic drives demand for its hospital equipment and personal health appliances.</p><p>The Dutch health technology company said core earnings surged 74% in the first quarter to 362 million euros ($438 million) on a 9% rise in comparable sales, easily beating analysts' expectations.</p><p>\"Our performance gained momentum with a strong sales growth and profitability improvement, with all business segments and markets contributing,\" Chief Executive Frans van Houten said.</p><p>The results compared with analysts' expectations of 326 million euros in adjusted earnings before interest, taxes and amortisation (EBITA) and a 6% rise in comparable sales.</p><p>Philips, which sells products ranging from electrical toothbrushes to medical imaging systems, said it now expects \"low-to-mid-single-digit comparable sales growth\" for 2021, up from earlier guidance for low growth.</p><p>Net profit remained stable at 40 million euros in the first quarter, as Philips made a 250 million euros provision to deal with risks it has detected in some of its respiratory care devices.</p><p>Last year's results were restated to reflect the 3.7 billion euro sale of Philips' household appliances business to Hillhouse Capital announced last month.</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>Philips lifts 2021 forecast as Q1 sales soar amid pandemic</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; 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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\">\nPhilips lifts 2021 forecast as Q1 sales soar amid pandemic\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\">2021-04-26 13:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>AMSTERDAM, April 26 (Reuters) - Philips on Monday posted a hefty jump in quarterly profit and nudged its expectations for 2021 higher as the coronavirus pandemic drives demand for its hospital equipment and personal health appliances.</p><p>The Dutch health technology company said core earnings surged 74% in the first quarter to 362 million euros ($438 million) on a 9% rise in comparable sales, easily beating analysts' expectations.</p><p>\"Our performance gained momentum with a strong sales growth and profitability improvement, with all business segments and markets contributing,\" Chief Executive Frans van Houten said.</p><p>The results compared with analysts' expectations of 326 million euros in adjusted earnings before interest, taxes and amortisation (EBITA) and a 6% rise in comparable sales.</p><p>Philips, which sells products ranging from electrical toothbrushes to medical imaging systems, said it now expects \"low-to-mid-single-digit comparable sales growth\" for 2021, up from earlier guidance for low growth.</p><p>Net profit remained stable at 40 million euros in the first quarter, as Philips made a 250 million euros provision to deal with risks it has detected in some of its respiratory care devices.</p><p>Last year's results were restated to reflect the 3.7 billion euro sale of Philips' household appliances business to Hillhouse Capital announced last month.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PHG":"飞利浦"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130306392","content_text":"AMSTERDAM, April 26 (Reuters) - Philips on Monday posted a hefty jump in quarterly profit and nudged its expectations for 2021 higher as the coronavirus pandemic drives demand for its hospital equipment and personal health appliances.The Dutch health technology company said core earnings surged 74% in the first quarter to 362 million euros ($438 million) on a 9% rise in comparable sales, easily beating analysts' expectations.\"Our performance gained momentum with a strong sales growth and profitability improvement, with all business segments and markets contributing,\" Chief Executive Frans van Houten said.The results compared with analysts' expectations of 326 million euros in adjusted earnings before interest, taxes and amortisation (EBITA) and a 6% rise in comparable sales.Philips, which sells products ranging from electrical toothbrushes to medical imaging systems, said it now expects \"low-to-mid-single-digit comparable sales growth\" for 2021, up from earlier guidance for low growth.Net profit remained stable at 40 million euros in the first quarter, as Philips made a 250 million euros provision to deal with risks it has detected in some of its respiratory care devices.Last year's results were restated to reflect the 3.7 billion euro sale of Philips' household appliances business to Hillhouse Capital announced last 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