Hints and tips:
...Tesla and Nvidia offer more growth and even higher valuations (although when you scale Nvidia’s valuation to its near-term growth rate, using a PE/growth ratio, it surprisingly looks the cheapest of the group...
...That fund would buy American companies with the potential to expand in China....
...Among the top 10 holdings in its Scottish Mortgage Investment Trust fund as of September 30 were shopping platform Meituan and social media and gaming group Tencent, both of which declined by more than 14...
...The weakest players our screen identified were Wisconsin’s Associated Bank, listed as Associated Banc-Corp, and Valley National of New Jersey....
...From the WSJ piece and quoting Jenny Zeng, co-head of Asia Pacific fixed income at AllianceBernstein: Market sentiment is still very weak....
...Group looms....
...Coronavirus looked like it had decisively ended the American equity market’s record bull run; its Lazarus-like revival in the past few months has only heightened the air of unreality....
...One American company would control the essential technology used in many of the world’s smartphones and data centres — not an ideal ratio for its Chinese competitors in the middle of a tense trade war between...
...The GSE paper looked like American cousins to yellowing Russian Imperial bonds....
...competitive lending rates and sparking a mortgage price war over the past month....
...Any of the bank’s Hong Kong depositors with enough cash in their accounts can forgo interest payments and accept instead rewards from Asia Miles, the loyalty programme owned by Cathay Pacific....
...Corp bonds QE has been done before (they hold £10bn) still a potential route if credit mkts do seize up down the line....
...A brief history of Fannie Mae & Freddie Mac For decades, Fannie Mae and Freddie Mac have helped Americans secure cheaper mortgages....
...Shares of homebuilders also slipped, as the tax plan would limit Americans’ ability to deduct mortgage interest costs from their taxable income....
...The writer is the chairman of China Smartpay Group and a former manager at the People’s Bank of China...
...Ten years ago this week, France’s BNP Paribas barred investors from accessing money in funds with subprime mortgage exposure, citing a “complete evaporation of liquidity”....
...The Fed scooped up trillions of dollars of Treasuries and mortgage-backed securities during the crisis and has been reinvesting the proceeds of securities as they mature, maintaining its balance sheet at...
...However, some investment trust sectors have seen their discounts widen — notably North American equity funds....
...The largest North American oil producer to go bust in this downturn has been Pacific Exploration & Production, which is Toronto-based but operates in Colombia and elsewhere in South America....
...Last year it became the first US-based P2P lender to offer home mortgages and also was the first to obtain a credit rating from a major rating agency for a securitised bundle of its student loans....
...However, Mr Paulson denied that China Investment Corp would have followed through on investing in AIG in 2008 given the hole it faced....
...Markets: Asia-Pacific markets were barely moved by better-than-anticipated GDP numbers from China....
...plans to buy $39bn of mortgage-servicing rights from Wells Fargo....
...(Financial Times) Severstal has agreed to sell its North American assets to US groups Steel Dynamics and AK Steel for $2.3bn, as the Russian steelmaker continues to shed its international assets to cut...
...Equities across Asia-Pacific were weaker, with losses amplified by data suggesting China’s services sector stagnated for the first time in nine years last month....
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