Hints and tips:
...No, crypto in 2024 (so far, at least) is a rather more subdued affair....
...The payout to informal workers, he said on Tuesday, would be funded by a tax “advance” levied from banks and finance and insurance companies, which would “maintain balance in the public accounts”....
...Edmond enjoyed a brilliant career outside South America, crossing Wall Street with Swiss private banking mystique, but died tragically in a fire at his Monte Carlo penthouse in 1999....
...The company in filings on Saturday estimated it had $564mn in bank balances after establishing the amounts held in 144 of the 216 bank accounts it had linked to FTX and more than 100 affiliated companies...
...Binance even offers 125 times leverage on some products in some jurisdictions. So FTX was a completely different animal - this is FTX US - to Binance....
...The US Federal Reserve and other central banks are talking tough as a result. Bond markets — in the US at least — have turned decidedly dovish, with prices rising and yields dropping again....
...Virtuous Bankers: A Day in the Life of the Eighteenth-Century Bank of England by Anne L Murphy (Princeton) The story of how the 18th-century Bank of England became — in the words of Adam Smith — “a great...
...Well, there’s no need for us to imagine anymore....
...It is higher, at 28.9 per cent for JPM’s GBI-EM GD index of local currency EM government debt, and even more so for the CEMBI BD measure for hard currency corporate debt, at 39.1 per cent, but still not...
...On Wednesday, it was the turn of a Bank of America analyst named Kamal Sharma, who said movements in the exchange rate had become “neurotic at best, unfathomable at worst” (we’re not quite sure what that...
...Private operators, which account for about 15 per cent of onshore US oil production, have led the resurgence, taking advantage of falling costs caused by the drop in demand for oilfield services from publicly...
...At the midpoint, this implies EBITDA of £122m, 3% higher than company consensus of £118.4m. For P4, this implies between +21-34% growth - this looks conservative to us....
...Then Q2 GDP will fall 1.7%, or an annual rate of 6½-7% in the US mode of presenting accounts. It could be more, it could be less – nobody knows, and there are no precedents....
...“Group will be able to trade within the level of its facilities for at least 12 months” after “taking account of reasonably possible changes in trading performance” according to the ‘going concern’ statement...
...But with one-month bank rates at 39.4 per cent in Argentina and 23.6 per cent in Turkey, they remain among the highest in emerging markets....
...Non-US revenues generated by Microsoft, Apple, Google, Amazon and Facebook account for 49 per cent, 63 per cent, 54 per cent, 39 per cent and 54 per cent respectively of their top-line growth....
...The US is located across the ocean, and the UK is located far away, while we are right here, in this region, and the North Korean nuclear range is not far away from our border....
...Selling off some of its already limited reserves to cover an ongoing current account deficit would create the perfect conditions for a run on the banks’ foreign currency liquidity to develop....
...Aside from the currency, bonds have also come under pressure, with the country’s 100-year debt trading at a new low of 87.39 cents on the dollar on Tuesday....
...Moreover, banks located in London have generally been the dominant players in the foreign exchange market....
...Ohio, where Youngstown is located, had the second highest rate of drug overdose deaths in the US in 2016, after West Virginia....
...In other words, most US CFOs are expecting America to be in recession in 2019 or 2020 after growth peaked around mid-2018. The UK tends to fall within a similar business cycle as the US....
...International pressure prompted efforts to clean up non-resident deposits, which account for 39 per cent of the total in Latvian banks. A new regulatory head levied heavy fines....
...Although M&S gave no details, UBS reckoned that gross margin on food fell -75 to -125 basis points, while gross margin in Clothing & Home rose 25-75 bps....
...A centrist, pro-market figure and a champion of free trade, Mr Kuczynski has worked as an official at the International Monetary Fund, the World Bank and in Peru’s central bank, and served terms as prime...
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