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On March 21, Bank of America discussed the outlook for the US dollar and maintained its medium-term bearish view. The bank stated, "Since the outbreak of the Iran war, the US dollar has unsurprisingly appreciated against other G10 currencies, although the overall appreciation has not been significant. Until the situation becomes clearer, oil prices and major risks will continue to dominate the foreign exchange market. Meanwhile, interest rate expectations have been raised in most G10 central banks, which has somewhat restrained the dollars appreciation," Bank of America noted. Bank of America further pointed out that although relative interest rates have not been the main driver of the foreign exchange market during this period, this situation may change as the impact of the war on the real economy gradually becomes apparent. "While we maintain our long-term bearish view on the US dollar, upside risks to the dollar are likely to dominate as the war continues," Bank of America added.The Israeli military claims to have attacked a ballistic missile production facility of the Iranian Revolutionary Guard in Tehran.On March 21st, at the recently concluded Huawei China Partner Conference 2026, Huawei unveiled and showcased the Atlas 350 AI training and inference accelerator card, powered by the new Ascend 950PR processor. Compared to its predecessor, the Ascend 950PR offers significant improvements in low-precision data formats, vector computing power, interconnect bandwidth, and Huaweis self-developed HBM (Hardware-Based Memory Management) architecture.On March 21, according to the official WeChat account of the China Council for the Promotion of International Trade (CCPIT), on March 20, Liu Jiannan, Vice Chairman of the CCPIT, met with a delegation led by Lin Yiming, Global Executive Vice President of Novo Nordisk, in Beijing. They discussed the CCPITs 15th Five-Year Plan policies on accelerating the construction of a healthy China and promoting the orderly expansion of opening-up in fields such as healthcare, and exchanged views on supporting Novo Nordisks investment and development in China and deepening international cooperation in the supply chain.Iranian President Pezechzian: The actions taken by the United States and Israel against Iran are extremely inhumane and immoral, and we strongly condemn them.

Subway Is Considering A Sale That Could Net More Than $10 Billion - WSJ

Charlie Brooks

Jan 12, 2023 11:19

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The Wall Street Journal reported on Wednesday, citing sources familiar with the matter, that Subway has recruited consultants to investigate a sale that could value the sandwich firm at more than $10 billion.


According to a report, the process, which is in its infancy, is expected to draw possible corporate bidders and private-equity firms, although a sale or other transaction may not occur.


A corporate official said to Reuters, "As a privately held company, we cannot comment on our ownership structure or future business objectives."


Over 37,000 locations in over 100 countries make Subway one of the largest quick-service restaurant businesses in the world. The Milford, Connecticut-based firm, renowned for its foot-long sandwiches and quick-service restaurants, has been in the ownership of its two founding families for more than fifty years.


In 2021, media outlets said that Subway was preparing for a sale, but the restaurant business denied it.