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According to the Financial Times, UK financial regulators are conducting an urgent assessment of the risks of Anthropics latest AI model.On April 12th, Maybank senior strategist Fiona Lim stated that while the market may be somewhat disappointed by the lack of progress in US-Iran negotiations, this was not entirely unexpected. The US dollar may gain further upward momentum at the opening on Monday. Some Asian currencies, particularly those of net energy importers such as the South Korean won, Philippine peso, Japanese yen, and Thai baht, began to weaken last Friday and may continue to face pressure this week.On April 12th, Saxo Banks Chief Investment Strategist, Charu Chanana, stated that the failure of the US-Iran negotiations was a setback. For the market, this means the previous easing of tensions is likely to fade. Oil prices may rebound, risk sentiment will be dampened again, and the Strait of Hormuz, even without a complete closure, will remain a real choke point risk. However, this is not surprising given the significant differences in the two sides positions on nuclear safeguards and the Strait of Hormuz issue. For the US dollar, this means some renewed safe-haven support, but unless there is a new military escalation, a broad-based surge is unlikely. Gold may benefit from renewed geopolitical hedging demand, but the market is not yet fully back to the worst-case inflation shock scenario.Kremlin: Russia is prepared to sell natural gas to Europe if there is still a surplus in supply to "alternative markets".Kremlin: Russia currently has only 17% to 18% of Donetsk Oblast in Ukraine out of control.

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.

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