Hints and tips:
...Greater China sales dropped 50 per cent year-on-year in December. Group 2022 constant FX sales growth would have been 25 per cent without China, instead of the 4.6 per cent reported....
...Interest would be paid based on available cash in the Treasury general account....
...current account and budget surpluses....
...in the Euromoney FX survey last year....
...The UK economy fell furthest in the first wave of the pandemic, with GDP collapsing by 22 per cent, compared with 12 per cent in Germany, 10 per cent in the US, and 8 per cent in Japan....
...Its bilateral goods surplus with the US “surged” above the $20bn last year, according to Citi, reaching $22.2bn as of November. That just leaves FX intervention....
...Further headwinds from working capital, FX and restructuring drive 2020E net debt to £4.7bn and result in a £3bn free cash outflow....
...Pre-tax profit was further impacted by a €1.3bn exceptional charge from ineffective fuel and FX hedges on account of over-hedging for the whole of 2020....
...Nearly three months on, the question of what the hell happened in US dollar repo markets in September -- when interbank repo rates spiked to uncharacteristically high levels sparking emergency funding moves...
...We expect delayed decision-making in B2B, which accounts for c30% of revenue at the incumbents. FX also creates challenges....
...Raising FY21 estimates: We cut our FY20 EPS estimate by 33% to take into account the impact of COVID-19, but more importantly, we raise our FY21 EPS estimate by 22% (we raise our underlying estimates by...
...in Oil & Gas and petrochem/refining etc; and FX risk in emerging markets....
...increased the implied market multiple) and the rally on EM FX....
...FX could become a headwind once trade talks are agreed (or not)....
...Despite sell-offs, we remain cautious near term on MO (COVID; PT -24%) and PM (FX, COVID; PT -22%). Stay U/P SM; valuation still too rich. ......
...It just says: “We’ll take what you’re paying unless you’ll pay more, in which case we’ll take that.” And, sure! There’s no harm in asking....
...FX flagged as a headwind to online net wager growth. The statement also notes strong gross win margins in UK and Australia, countered by lower margins in other markets....
...Nubank, whose business model includes no branches and zero commissions, is gearing up to launch in Mexico by the end of the year....
...Local investors who took a punt on the Bovespa stock index in late-June have earned nearly 25 per cent....
...Hung Tran, executive director of the IIF, estimates that Turkey needs to attract foreign capital equivalent to 25 per cent of its GDP every year in order to cover both its large current account deficit and...
...off a rise in interbank interest rates....
...It’s no accident that the sell-off in gilts has come at the same time as markets have started to price in higher rates....
...25.5 per cent from 21.5 per cent (see chart)....
...“No longer were you beholden to TV studios to see images of yourself in media and culture,” he says....
...How did Cuban citizens manage to survive in the late 2000s with real incomes still at just 22–25% of their late-1980s levels?...
International Edition