Hints and tips:
...Borrowing costs have shot higher, with yields on highly rated corporate debt in the US averaging 4.72 per cent this week, double the level at the end of 2021....
...First Republic suffered the catastrophic collapse of deposits last month following the failure of Silicon Valley Bank and Signature Bank which were seized by regulators and forced into the arms of buyers...
...Trying to hire staff from the US is now a joke,” says one director....
...Russia was forced to make payments on dollar-denominated bonds in roubles after the US Treasury Department blocked US banks from handling dollar payments from Russia, halting $649mn of interest and principal...
...The census revealed that, for the first time, less than half of the population of England and Wales, at 46.2 per cent, describe themselves as Christian, down from 59.3 per cent in 2011 and from 72 per cent...
...The price of a dollar bond maturing in 2032 was down 7.5 cents to roughly 72 cents on the dollar, a level that indicates investors are concerned about the potential for a default....
...Seized by the idea that Mr Dimon might now make a tilt for Invesco instead, investors sent Invesco shares up 6.5 per cent on one day last week....
...Mr Edgecliffe-Johnson said that much depended on whether owners could persuade banks to finance new projects and that 40 per cent of the group’s pipeline of 1,899 sites was under construction....
...As the UK negotiates on trade deals with the US and EU, farmers have seized on these renewed concerns about food security to push the argument for supporting domestic production....
...When Anbang Insurance bought a portfolio of upmarket US hotels and resorts from Blackstone in 2016, the Chinese group was one of the fastest-growing financial institutions in its home market with a penchant...
...After the fall of communism, Goloshchapov co-founded SMP Bank — still a top-20 lender in Russia despite US sanctions against it over Ukraine — with Arkady Rotenberg, Putin’s childhood judo sparring partner...
...$5-$10 a barrel....
...US marker West Texas Intermediate was up 0.5 per cent at $52.11. Gold was faring poorly, off 0.4 per cent at $1,276.07 after pulling back from a two-week low....
...In the US on Friday, the S&P 500 climbed 0.8 per cent, buoyed by reports Deutsche Bank may face a smaller fine from the US Department of Justice than the $14bn settlement originally flagged....
...from US regulators over sanction breaches....
...In the news US navy escorts in Strait of Hormuz Warships have started accompanying American-flagged ships in the gateway to the Gulf after Iran seized a Marshall Islands-flagged ship....
...(FT) In the news BoJ slashes inflation forecasts Japan’s central bank cut its forecast for the year beginning in April to just 1 per cent , down from the 1.7 per cent anticipated in October, due to the...
...(NYT) Fighters from an extremist al-Qaeda splinter group seized control of the northern Iraqi city of Mosul on Tuesday in an escalation of violence in an oil-rich province that threatens to tip the country...
...In his first hawkish comments since becoming governor of the Bank of England almost a year ago, Mark Carney stressed on Thursday evening that the widely anticipated action by the central bank this month...
...(Financial Times) “Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the...
...(Financial Times) US regulators to finalise tougher bank leverage ratio rule: US regulators have proposed minimums of 5 per cent equity against total assets at the holding company level and 6 per cent at...
...(Reuters) BofA fights attempt to raise ‘hustle’ fine: Bank of America hit out at the US government’s request to more than double the penalty it is seeking from the bank in a case known as “the hustle”,...
...One idea the US is considering if the crisis escalates further is to place tough sanctions on particular Russian banks, shutting them off from a large part of the international financial system....
...in 2012… Spain’s government was proposing Repsol receive $5 billion in compensation and that both Repsol and YPF each name investment banks to advise on the valuation of the stake seized, said one source...
...jobs data * Baby milk makers slash prices in bow to Beijing regulators * Brazil condemns Morales treatment and warns on EU trade * Chinese property buyers switch from Hong Kong to Thailand, the US and...
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