Hints and tips:
...Despite a spate of aggressive M&A swelling its assets to $1.4tn, its share price has sagged over the past decade, giving it a current market cap of $13.6bn....
...Such assets could be subject to credit, market, interest rate, or foreign currency risks. Looks like S&P Ratings doesn’t find “attestations” especially convincing, either....
...Underlying sales growth came in at 5.2 per cent in the period, with revenue down 3.8 per cent to €15.2bn (£13.2bn) on the back of currency headwinds and consumer downtrading....
...exchange FTX and the SALT thought leadership forum, founded by Anthony Scaramucci’s SkyBridge Capital, Crypto Bahamas featured guests ranging from former US president Bill Clinton and ex-prime minister of the U.K...
...The highest forecast on December 13 was 2.7 per cent....
...BlackRock, the world’s biggest asset manager, reported profits up 13 per cent to $1.6bn....
...Loan growth was about 20 per cent on a foreign currency-adjusted 13-week annualised basis in the last week of September, according to central bank data....
...Maxine Waters, chair of the US House committee on financial services, on Friday announced Bankman-Fried’s participation in the first hearing on the topic scheduled for December 13....
...Sunak’s fiscal policy U-turns have stabilised the gilt market, but also seen the return of a more typical correlation, where lower bond yields relative to those in other economies tends to weaken the currency...
...The pound added 1.9 per cent against the US currency to $1.13, as it emerged that British prime minister Liz Truss was in discussions about a U-turn on the government’s “mini” Budget....
...Jonsson said: “How do you make UK assets attractive enough to stabilise the currency — you’ve got to let real yields rise.”...
...The country has been clobbered by the soaring cost of energy imports but the fall in its currency has turned it into a much cheaper holiday destination....
...The chaos across UK markets, currency, gilt, mortgages, you name it, actually rattled the rest of the world....
...That then led to the toxic correlation, this being a tendency for bond yields to rise as the currency was declining....
...To put that figure in context, a payments study commissioned by the Federal Reserve found that fraud represented 13.46% of aggregate credit and debit card network activity in the U.S....
...Within days of the announcement, the government had made a U-turn and allowed the mines to stay open....
...That is a heavy blow for a sector that in 2019 generated 12 per cent of Spanish GDP and 13 per cent of jobs....
...Macro funds, made famous by the likes of George Soros and Paul Tudor Jones, bet on moves in global bond, currency and stock markets....
...Gideon Rachman this week talks to Thant Myint-U, a Burmese historian and political analyst, about the situation in Myanmar and whether the country risks becoming a failed state....
...On Friday the euro was trading above $1.13, putting it up about 4 per cent over the past fortnight — an indication that the ECB’s latest move has bolstered the currency’s near-term prospects....
...CT1 improved to 14.6% vs cons 13.8% and JPMe 14.1%, but we focus on the fully loaded IFRS 9 CT1, which is 13.4%....
...JPMorgan fell 13.4 per cent, Bank of America slid 14.7 per cent and Citigroup lost 16.2 per cent....
...Delta is the most exposed in the U.S. - Europe ex-U.K. market, followed by United, while American is primarily exposed to London....
...Energy provider SSE and water company Severn Trent, for example, have gained 11 per cent and 13 per cent respectively....
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