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February 12th - Hedge funds are showing a clear shift, increasing bets on a stronger yen amid a rising "buy Japan" trend. Traders say that even though strong US jobs data has weakened market expectations for a Fed rate cut this year, bullish sentiment on the yen is still rising. On Wednesday, the yen rose against the dollar for the third consecutive trading day, remaining strong despite pressure on the dollar following the release of the US non-farm payrolls report. According to data from the Depository Trust & Clearing Corporation (DTCC), on Wednesday, trading volume of USD/JPY put options with a notional size of $100 million or more was about 50% higher than that of call options of the same size. The premium for options betting on or hedging a decline in USD/JPY over the next month has risen to its highest level since February 2nd.On February 12th, the Ministry of Education released the "Opinions on Deepening the Reform of Key Elements of Vocational Education Teaching," which proposes: dynamically adjusting professional settings, actively adding new programs, eliminating redundant ones, and upgrading existing programs. Focusing on the goal of cultivating highly skilled personnel, the Opinions call for strengthened coordination in adjusting and optimizing professional settings, and strict implementation of the "red and yellow card" system. The Opinions also advocate utilizing big data and artificial intelligence to accurately predict the supply and demand of talent in key areas, providing a scientific basis for dynamic adjustments to professional settings. Furthermore, the Opinions encourage exploring the establishment of a rapid response channel for adding new programs, focusing on emerging and future industries, with a focus on adding new programs in areas such as low-altitude economy, artificial intelligence, high-end equipment, urban renewal, and areas of urgent need in peoples livelihoods. The Ministry of Education requires all provinces developing modern vocational education systems to formulate professional setting plans based on regional key industry development plans and to publish an annual analysis report on the matching of vocational education professional settings with industrial development.February 12th - With the continued optimization of visa-free and consumption-boosting policies, both inbound and outbound tourism are expected to increase during the Spring Festival holiday, leading to peak passenger flow at some major ports of entry. According to the National Immigration Administration, the average daily number of inbound and outbound passengers at ports nationwide during this years Spring Festival holiday is expected to exceed 2.05 million, a 14.1% increase compared to last years holiday. Major airport ports are expected to see significant growth in passenger flow, with the peak outbound passenger flow anticipated on February 15th (the 28th day of the twelfth lunar month) and the peak inbound passenger flow expected on February 22nd and 23rd (the sixth and seventh days of the first lunar month).Samsung Electronics shares rose to 6%.On February 12th, the General Office of the Ministry of Commerce issued a notice regarding the implementation of the trade-in program for consumer goods during the 2026 Spring Festival holiday. The notice states that, in keeping with Spring Festival customs and adding to the festive atmosphere, consumers are encouraged to go out and shop. During the nine-day Spring Festival holiday in 2026 (February 15-23), consumers will be fully guaranteed access to apply for subsidies for trading in old home appliances and purchasing new digital and smart products through offline channels. Consumers who purchase new cars during the nine-day Spring Festival holiday can apply for car trade-in subsidies according to policy requirements.

Peltz, An Investor in Wendy's, Considers Acquiring A Burger Franchise

Charlie Brooks

May 25, 2022 09:23

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Nelson Peltz, the largest shareholder of Wendy's Co and a billionaire hedge fund manager, is investigating a potential takeover play for the burger chain, a regulatory filing revealed on Tuesday, nearly two decades after he first invested in the company.


In extended trading, Wendy's (NASDAQ:WEN) shares increased by almost 14 percent after Trian Fund Management, Peltz's firm, announced that it will investigate a deal on its own or with others that might include an acquisition, business combination, or other transaction.


Refinitiv records indicate that the business holds 11.82 percent of Wendy's shares, while Peltz owns 4.86 percent and Trian's president, Peter May, owns 2.7%.


Tuesday's closing price of $16.20 for Wendy's shares is a 32% decrease since January.


Wendy's stated in a statement that its board "will carefully consider any proposal offered by Trian Partners" and is dedicated to acting in the company's and shareholders' best interests.


Peltz is the current chairman of Wendy's board, while May, who is also a founding partner of Trian, serves as non-executive vice chairman, and Matthew Peltz, Nelson's son and Trian colleague, is a board member.


After Peltz and Trian, one of the most respected activist investors in the sector, initially invested in Wendy's in 2005 and began pressing for change in late 2008, the company, which is currently valued at $3.6 billion, has a lengthy relationship with the firm.


In 2008, Wendy's merged with Triarc Companies, a subsidiary of Trian and the parent company of Arby's Restaurant Group. In 2011, Arby's was sold to Roark Capital Group after a merger that lasted less than three years.


According to Trian, it pushed for an operational turnaround focused on enhancing and expanding the Wendy's brand.


Trian announced on Tuesday that it has hired financial and legal experts and informed the board of its objectives. The company's spokesperson declined to comment beyond the filing.


In May, the burger chain's quarterly results fell short of market forecasts due to the impact of severe storms and frigid weather across the United States on shop traffic and breakfast item demand.


Strategic and financial buyers see ample prospects for mergers at a time when the wider market is hovering around bear territory due to fears of inflation and rising interest rates, which have depressed the stock prices of many companies.

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