He Built a $10 Billion Investment Firm. It Fell Apart in Days.
Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

Share on Facebook
Share on WhatsApp
Post on Twitter
Mail
By Kate Kelly, Matthew Goldstein, Matt Phillips and Andrew Ross Sorkin
April 3, 2021
Until recently, Bill Hwang sat atop one of the biggest — and perhaps least known — fortunes on Wall Street. Then his luck ran out.

Mr. Hwang, a 57-year-old veteran investor, managed $10 billion through his private investment firm, Archegos Capital Management. He borrowed billions of dollars from Wall Street banks to build enormous positions in a few American and Chinese stocks. By mid-March, Mr. Hwang was the financial force behind $20 billion in shares of ViacomCBS, effectively making him the media company’s single largest institutional shareholder. But few knew about his total exposure, since the shares were mostly held through complex financial instruments, called derivatives, created by the banks.

He Built a $10 Billion Investment Firm. It Fell Apart in Days.
Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

Share on Facebook
Share on WhatsApp
Post on Twitter
Mail
By Kate Kelly, Matthew Goldstein, Matt Phillips and Andrew Ross Sorkin
April 3, 2021
Until recently, Bill Hwang sat atop one of the biggest — and perhaps least known — fortunes on Wall Street. Then his luck ran out.

Mr. Hwang, a 57-year-old veteran investor, managed $10 billion through his private investment firm, Archegos Capital Management. He borrowed billions of dollars from Wall Street banks to build enormous positions in a few American and Chinese stocks. By mid-March, Mr. Hwang was the financial force behind $20 billion in shares of ViacomCBS, effectively making him the media company’s single largest institutional shareholder. But few knew about his total exposure, since the shares were mostly held through complex financial instruments, called derivatives, created by the banks.

American spy plane pilots use China’s satellite navigation system BeiDou as backup to GPS, US general says.

Usa is a sanction lover. Don't like you. Sanction you. Beware.

France no need fear, Top gloves is here.

PARIS: President Emmanuel Macron on Wednesday (Mar 31) ordered France into its third national lockdown and said schools would close for three weeks as he sought to push back a third wave of COVID-19 infections that threatens to overwhelm hospitals.

With the death toll nearing 100,000, intensive care units in the hardest-hit regions at breaking point and a slower-than-planned vaccine rollout, Macron was forced to abandon his goal of keeping the country open to protect the economy.

Usa should employ more bangla to work with them. Their wages cheaper. By this, their production cost will be cheaper. Their hostel will be air conditioning and big space for each of them. As a result, social distancing between foreign workers will be achieved. All of them, happily ever after. Just like their fairy tales.

Next time, if you dissatisfied with your employer, just complain to USA government, it will help you solve the employment dispute. The effect is better than complaining to human resources ministry. Usa should create Anti-force labour departments to solve international forced labour issue.

Usa wages is higher than Malaysia. Usa is anti force labour. Usa will treat bangla like king. Can work comfortably. Usa welcome bangla.

Soon, bangla will be topglov tauke.

https://www.businessinsider.com/how-george-soros-broke-the-bank-of-thailand-2016-9

It will continue until us feel boring to kacau you, then it will stop.

The majority of Malaysians employed in the palm oil industry – comprising some 20% – are in management while foreign workers, who make up 80% of the labour force, are in field operations.

As highlighted in the MPOA report, even with the current good price of CPO (crude palm oil), producers cannot benefit as there is an acute shortage of workers caused mainly by Covid-19-triggered movement restrictions that have prevented foreign workers from coming to Malaysia since March 2020.

THE Sarawak Oil Palm Plantation Owners Association (SOPPOA) concurs with the recent statement made by the Malaysian Palm Oil Association (MPOA) that despite good wages being offered, locals still shun the opportunity to be employed in the palm oil industry in Malaysia.

Hence, the industry has no option but to resort to hiring foreign workers willing to work in what locals consider 3D jobs, ie, dirty, difficult, dangerous.

Buy vaccine related counter?

Us is sitting the throne of the world. Almighty dollar is its crown and power.

That why us the winner. We the loser.

Contohnya Korea selatan Dan Jepun perlu bayar Wang ufti untuk us melindungi mereka dengan askar-askar us.

Us want collect $$$ ufti di semua negara di seluruh dunia. Us the pemenang.

Us print many almighty dollar, semua orang di dunia mahu but we not able to so. At the end, bully by them pula.

They maybe want we give gaji same high as Malaysian gaji.

You simpati foreigner and give them work for you, At the end complaint pula to USA. Memang kacang lupakan kulit. You treated them nice, they demand more.

Adakah usa benci atau pandang rendah kita?

https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/26/president-biden-invites-40-world-leaders-to-leaders-summit-on-climate/

All the local jobless because semua kerja dirampas oleh foreigner. And then foreigner complain pula pada usa.

Usa hate us

https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/26/president-biden-invites-40-world-leaders-to-leaders-summit-on-climate/

Supermax down 0.08.
KOSSAN down 0.12.
Careplus down 0.06
Rubberex down 0.03
Comfort glove down 0.05

Print more almighty dollar, everyone wanted it so much. Print it exchange it for more gloves.

Us want you to buy more from him, not they buy more from you.

Want to earn us money, not very easy.

Want to invest or export in us, think masak-masak. If not, will burn your own finger if not carefully.

Who will be next target company by us?

Don’t triviliase US action on Top Glove products, Najib tells Gov’t
Author: savemalaysia Publish date: Tue, 30 Mar 2021, 12:31 PM
Close
FORMER Prime Minister Datuk Seri Najib Tun Razak urged the Government not to take the US clampdown on Top Glove Corporation Bhd’s (top Glove) products lightly as it would be detrimental to the nation’s economy.

“The order given by the US authority is huge as Top Glove is the world’s largest glove manufacturer, worth about RM20 bil to date.

“What I’m worried about is sooner or later, nations allied to the US will also block products from Top Glove.

“So far, the US has already blocked products from other Malaysian companies such as Sime Darby and Felda Global Ventures (FGV),” he said, in a Facebook post.

Comfort Rubber Gloves Industries Sdn. Bhd. (CRG) was established in 1993 as the glove manufacturing subsidiary of Comfort Gloves Berhad (Formerly known as Integrated Rubber Corporation Berhad (IRCB)) which is listed on the main board of Malaysia’s Stock Exchange – BMSB (Bursa Malaysia Securities Berhad). Located in Taiping, Perak, CRG’s factory is equipped with advanced machineries and operations that are capable of producing wide range of quality gloves.

Currently CRG’s gloves are exported to the Northern American, Oceanic Countries, Middle East Countries, Europe, South America, Africa and Asia-Pacific region.

Supermax currently exports to over 160 countries worldwide in the regions of America, Europe, Middle East, Asia and the South Pacific. As an own-brand manufacturer, Supermax has developed a range of successful brands such as Supermax, Aurelia and Maxter which are trusted and recognized by laboratories, hospitals, pharmacists, doctors and surgeons around the world.

US blocks palm oil imports from FGV
By BLOOMBERG
October 1, 2020 @ 1:22am

US to detain Sime Darby Plantation products over forced labour allegations
FMT Reporters -December 30, 2020 9:08 PM
347
Shares
facebook sharing buttontwitter sharing button

US to seize Top Glove products over labour abuses
30 March 2021

Established in 1988, Hartalega is the world’s largest nitrile glove producer, manufacturing 14 billion gloves annually. It exports to the Americas, Europe, Asia Pacific and Middle East. Hartalega was the first company to introduce soft stretchy nitrile gloves, emulating the natural properties of natural rubber latex.

Who the next victim?

US blocks palm oil imports from FGV
By BLOOMBERG
October 1, 2020 @ 1:22am

US to detain Sime Darby Plantation products over forced labour allegations
FMT Reporters -December 30, 2020 9:08 PM
347
Shares
facebook sharing buttontwitter sharing buttonwhatsapp sharing button

Give free gloves to us in exchange for freedom

https://twitter.com/i/status/1376551607735738372

https://www.brookings.edu/research/spotlighting-opportunities-for-business-in-africa-and-strategies-to-succeed-in-the-worlds-next-big-growth-market/

Should go for Africa Market.

KUALA LUMPUR (March 30): Top Glove Corp Bhd said today the rubber glove manufacturer is unable to, at this juncture, ascertain the quantum of the financial and operational impact arising from the US Customs and Border Protection’s (CBP) directive to its personnel at all US ports of entry to begin seizing disposable gloves produced in Malaysia by Top Glove over forced labour allegations.

No free lunch but got free gloves.

Malaysian companies product blocked by usa: sime darby and felda global venture. Now topgloves. Next? Which companies will kena blocked.