Hints and tips:
...Boutique investment bank Piper Sandler has been appointed to explore strategic options for PacWest, according to two people briefed on the matter, days after First Republic was seized by US banking authorities...
...Other units from the company’s vast global business network or even insolvent state investment fund 1MDB could be a target....
...Kyrgyzstan seized control of a Canadian mine owing to environmental and safety violations....
...But then her annual allowance — the maximum a taxpayer can put into a pension each year tax free — will be cut from £40,000 to the so-called “money purchase annual allowance” (MPAA) of £4,000....
...He laments that the myriad structural problems that long hindered private sector growth, from corruption and red tape to poor logistics, still deter investment....
...Even after accounting for this effect, margins in both businesses are materially below our expectations, resulting in a group op. margin of 10.4%, vs. our estimate of 14.4%....
...Cost issues may be further exacerbated by YouTube's slow pivot into creating original content, such as YouTube Red's Foursome, which, as we know from Netflix's accounts, can be cash intensive to produce...
...For this, Jupiter charges only flat fees — apart from on one tiny investment trust. Its accounts show that these fees came in at £301m in 2015 and £330m 2016 — an average flat rate of 0.87 per cent....
...Oil accounts for 60 per cent of CEMAC’s exports but revenues halved between 2014 and 2016 as the bloc’s current account deficit neared 10 per cent of output....
...On the surface, not much seems to have changed since Russia-sponsored separatists seized parts of eastern Ukraine three years ago....
...The CFO testified that more than 500 jobs were lost and the bonus pool in its investment bank slashed by about 60 per cent, partly because of the loss....
...0.80%) at 1,214 Hang Seng up +45.61 (+0.20%) at 22,703 ASX 200 up +45.97 (+0.85%) at 5,446 US markets S&P 500 up +28.18 (+1.53%) at 1,874 DJIA up +227.85 (+1.41%) at 16,396 Nasdaq up +74.67 (+1.75%) at 4,352...
...In the US, Putnam Investments and State Street recently signed an agreement alongside 36 Boston-based companies to compare data on internal pay practices to help tackle gender imbalances....
...… John Ruskin: Artist and Observer, by Christopher Newall, Paul Holberton, RRP£37.50/$60 Ruskin’s ideas about art and its role in society influenced thinkers from Gandhi to Proust and are still pertinent...
...In the past decade, the weighting of the natural resources sector in the FTSE 100 increased from 4.5 per cent to 8.6 per cent, earning it the nickname of “FTSKI”....
...Delinquencies remain near record highs, and the pipeline of seized or soon-to-be-seized homes waiting to hit the market continues to grow, leaving would-be buyers fearful that the largest investment of their...
...In 2008, GDP was €4.49bn – virtually unchanged from the previous year. Per capita GDP rose 2 per cent to €60,595, one of the highest in Europe....
...The chart below shows more broadly how cross-border flows in the 30 largest economies have seized up....
...Bob Reynolds, chief executive of Putnam Investments, says: “It started out with 401(k)s [individual retirement accounts]. There are more mutual funds than stocks. We are an investor society.”...
...Three years ago, people camped overnight in Birmingham to buy apartments in The Rotunda, a circular tower converted from drab offices. But this month it shed 60 of its 280-strong workforce....
...The authorities responded to a structural shortfall of consumer income and demand by using monetary steroids to feed investment in unneeded plant and equipment....
...accounts....
...Perhaps the peace and quiet and the distance from New York – a 14-hour flight away – accounts for the sanguine attitude of the ADIA, the world’s biggest sovereign wealth fund (SWF), to the US housing slump...
...Stained Glass: Masterpieces of the Modern Era By Xavier Barral i Altet Thames & Hudson £32, 216 pages FT bookshop price: £25.60 An ideal Christmas book: an optimistic, surprising account of how the avant-garde...
...BAT shares closed 1.2 per cent higher at £14.60....
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