Hints and tips:
...Working capital was impacted by longer DSOs as well as higher prepayments resulting in operating cash conversion of 68% vs. 83% last year....
...Bulls look for further upside on the simple basis that this ratio is still above its long-term average of 68, and spot is well below post-GFC highs >$35/oz....
...Taking into account recently announced financing actions and the latest capex plans, we estimate RCL and NCLH would have to lose 70% and 65% of EBITDA, respectively, before there would be a cash shortfall...
...Merryn: If there is a no-deal Brexit, there’s no way that [Bank of England governor] Mark Carney is going to raise interest rates next year....
...Deutsche and a selection of the big five US banks - including JP Morgan and Wells Fargo - are experimenting with blockchain technology across verticals such as trade finance and equity-swap trading....
...Brent crude, the global benchmark, was hovering below the $50 dollar mark, trading flat on the day at $49.68 in Asia. US marker West Texas Intermediate was likewise unmoved at $47.10....
...The S&P 500 financials index trimmed an early rise but still finished 0.5 per cent higher as shares in Bank of America, JPMorgan and Wells Fargo gained ground after they reported robust quarterly earnings...
...“There is a security dimension to CPEC,” says Mushtaq Khan, chief economist at Bank Alfalah and a former chief economic adviser to Pakistan’s central bank....
...-153.07 (-1.70%) at 8,864 Currencies €/$ 1.13 (1.13) $/¥ 112.68 (113.32) £/$ 1.45 (1.45) €/£ 0.7781 (0.7773) Commodities ($) Brent Crude (ICE) down -0.39 at 30.45 Light Crude (Nymex) down -0.61 at 26.84...
...at 22.25bp Markit iTraxx Europe +0.11bps at 49.64bp Markit iTraxx Xover +0.82bps at 252.09bp Markit CDX IG +1.88bps at 65.86bp Sources: FT, Bloomberg, Markit...
...During the country’s currency transition from the sucre to the US dollar in 2000, Ecuador was throttled by a financial crisis and, for seven years, the property market was at a standstill....
...In six similarly-worded suits, filed on Wednesday at the Supreme Court in New York, the investors alleged that the banks – which also include Citigroup, Bank of New York Mellon, US Bancorp and Wells Fargo...
...Rail accounts for 85 per cent of the country’s total freight turnover, compared with 49 per cent in the US and just 16 per cent in China....
...at Fifth Third, Barclays, Regions Financial, Wells Fargo, Citi, UBS, US Bancorp, Goldman, JPMorgan and PNC Financial....
...This from Derrick Irwin, portfolio manager at Wells Fargo Advantage Emerging Markets Equity Fund: This is likely to provide a short term bounce in emerging market equities, but longer term it suggests a...
...In the first half of Kingfisher’s financial year it was hit by the wet weather last summer, as well as adverse currency movements....
...With this, Indian Rupee will join the select club of currencies such as the US Dollar, British Pound Sterling, Euro and Japanese Yen that have a clear distinguishing identity....
...He added that the statement reflected “some easing of pressure”, because there was no call for an appreciation of Asian currencies, as there had been in April....
...s office at Galanz, lists the challenges faced by his company, which exports 65 per cent of its output. Galanz?...
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