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Negotiations for GLP Pte's stake sale in its China operations to Guangdong Holdings Ltd. have stalled due to disagreements over terms. With the recent $5.2 billion sale of part of its fund management arm, GLP is under less pressure and may explore talks with other potential buyers or options.
Airlines are significantly reducing services to China due to low demand and high operational costs, with major carriers like British Airways and Qantas withdrawing entirely. In contrast, Chinese airlines are increasing their presence, operating 82% of flights between China and Europe this winter, despite the challenging market conditions. The situation is expected to worsen before it improves, as international interest in China remains low.
High net worth individuals (HNWIs) are increasingly active in the art market, with median spending on art and antiques at $25,555 in early 2024. Notably, HNWIs in mainland China reported the highest median expenditure at $97,000, reflecting a strong post-lockdown recovery. The survey indicates a shift towards purchasing from new galleries and emerging artists, with a growing representation of female artists in collections.
Mainland China has emerged as the top spender in art, with high net worth individuals averaging $97,000 in expenditures, significantly outpacing France ($38,000) and other markets. Looking ahead, 70% of collectors in China plan to purchase more artworks in the next year, leading a global trend where 43% of HNWIs intend to expand their collections.
The Art Basel and UBS Survey of Global Collecting 2024 reveals that high-net-worth individuals (HNWIs) are continuing to invest in art despite market challenges. While average spending dropped by 32% in 2023, median spending remained stable at $50,000, with optimism about the market's future rising to 91%. Notably, the share of works by women artists in collections reached 44%, and HNWIs allocated 52% of their spending to new and emerging artists, reflecting a strong support for living talent and new galleries.
Afcons Infrastructure, part of the Shapoorji Pallonji group, has raised Rs 1,621.5 crore from 80 institutional investors through its anchor book ahead of its IPO, set to launch on October 25. The Rs 5,430-crore share sale includes a fresh issuance of Rs 1,250 crore and an offer-for-sale of Rs 4,180 crore by promoter Goswami Infratech, with shares priced between Rs 440-463. Notable global investors such as Blackrock, Goldman Sachs, and the Monetary Authority of Singapore participated in the anchor investment.
Under Armour, Inc. specializes in the development, marketing, and distribution of branded athletic apparel, footwear, and accessories for men, women, and youth. The company operates across four geographic segments: North America, EMEA, Asia Pacific, and Latin America, utilizing both wholesale and direct-to-consumer channels for sales. In EMEA, products are primarily sold through wholesale customers and independent retailers, while in Asia, sales occur through distribution partners and e-commerce platforms.
In 2024, high-net-worth individuals are increasingly investing in emerging artists and local galleries, with 52% of their spending directed towards new talents. Despite a 32% drop in average spending, optimism remains high, with 91% believing in the art market's potential. Notably, 44% of artworks in collections are by women artists, reflecting a cultural shift towards diversity and community engagement in the art world.
Under Armour, Inc. specializes in the development, marketing, and distribution of branded athletic performance apparel, footwear, and accessories for men, women, and youth. The company operates across four geographic segments: North America, EMEA, Asia-Pacific, and Latin America, utilizing both wholesale and direct-to-consumer channels for sales. In EMEA, products are primarily sold through wholesale customers and independent distributors, while in Asia-Pacific, sales occur through distribution partners and e-commerce platforms.
The Smart Healthcare market is poised for significant growth from 2024 to 2032, driven by the integration of digital technologies like IoT, AI, and big data to enhance healthcare delivery and patient monitoring. Key players include Allscripts, GE Healthcare, and Oracle, with a focus on telemedicine, hardware, and software applications across various settings. Comprehensive analysis covers market dynamics, competitive landscape, and regional insights, providing valuable data for strategic decision-making.
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glp's negotiations with guangdong holdings over china stake stall
13:04 25.10.2024
airlines reduce services to china amid low demand and rising costs
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05:15 25.10.2024
high net worth individuals drive art market recovery in 2024
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04:33 25.10.2024
mainland china dominates global art spending and future purchasing intentions
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high net worth individuals sustain art spending amid market challenges
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01:39 25.10.2024
Afcons Infrastructure raises 1621 crore ahead of IPO launch on October 25
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18:35 24.10.2024
Under Armour receives Buy rating from UBS amid global market expansion
18:22 24.10.2024
emerging artists and local galleries reshape the art market in 2024
16:35 24.10.2024
Under Armour receives Buy rating from UBS amid global expansion efforts
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15:16 24.10.2024
smart healthcare market poised for significant growth through 2032
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14:51 24.10.2024
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