Farfetch founder Jose Neves is considering the move and working with advisers at JP Morgan after the loss-making British company listed on the New York Stock Exchange, the Telegraph newspaper reported on Tuesday. Richemont, owner of jeweler Cartier, said on Wednesday it would not inject any cash into online luxury retailer Farfetch, following a report that it was exploring going private. A person familiar with the matter said Richemont has «absolutely no intention» of investing money in Farfetch, but declined to comment on whether delisting would void the deal. Last year, Richemont agreed to sell a 47.5% stake in its Yoox Net-A-Porter (YNAP) fashion and accessories business to the US-listed company; With this agreement, it would be possible for Farfetch to purchase the rest. But financial problems at Farfetch, whose share price has fallen sharply in recent months, have raised questions about the deal, which was recently approved by European authorities in the final regulatory hurdle.
SINGAPORE, Nov 28 (Reuters) – Dalian iron ore futures fell to a one-week low on Tuesday as the Chinese government continued to monitor prices and intervened in the market to stem a rise in prices. California was the most expensive state for gas at a staggering $4.86, while Hawaii was $4.72, Washington was $4.32, and Oregon was $4,029. Earlier in Japan, Finance Minister Shunichi Suzuki said the government would continue to monitor the foreign exchange market and respond appropriately. The SEC maintains a long list of bad banks and fraudulent brokers that have been shut down in recent years. Dalian iron ore futures fell to a one-week low on Tuesday as the Chinese government continued to monitor prices and intervened in the market to stem the price rise. This move by the price monitoring center of the Development and Reform Commission (NDRC) comes after the NDRC last week issued two warnings regarding strengthening supervision in the iron ore market. Traders are monitoring supplies after years of drought forced farmers to downsize in the United States. Additionally, it comes after a surprisingly cheap summer despite July 4th travel; This historically pushes prices up.
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