Hints and tips:
...This is despite the fact that in nominal terms China contributed 18.06 per cent of global gross domestic product in 2022, compared with just 4.23 per cent for Japan and 25.41 per cent for the US....
...Which high street lender has Nigel Farage opened accounts with after being cut off by Coutts?...
...For the first half of the year, net trading revenues rose 23 per cent from a year earlier to $4.2bn, and ebitda climbed 30 per cent to $2.6bn....
...Growth was 23 per cent in the March quarter, 32 per cent in the December quarter, and 41 per cent in the September quarter....
...The company, whose founder and chief executive Lars Wingefors owns a 23 per cent stake, has struck 62 acquisitions at a total value of $8.1bn since the start of 2020....
...Barclays put £456m towards bonuses in the first six months of 2019 versus £593m in 2018, a 23 per cent decline....
...But rising financial vulnerability means alternatives to high street lenders are needed, writes Helen Thomas in today’s FT....
...Before the group’s spin-off, he worked for 23 years at Blackstone, serving as a senior managing director and head of its restructuring group....
...That has left some landlords in dire straits, and unable to meet their own covenants with lenders....
...Only days before the payments were made, a group of lenders had sued Revlon and Citi alleging that Revlon had violated their credit agreements when it raised cash in 2019 and 2020....
...Whether it resuscitates the Main Street economy, or merely stanches losses at some of Wall Street’s biggest institutions, the Fed’s move demonstrates that private capital managers have transformed American...
...There was a 59 per cent jump in advisory revenue at UBS after a few big deals, but profits fell 23 per cent at its investment bank....
...The last mile Another milestone was the annual shareholder meeting on May 23....
...SoftBank priced its mobile phone IPO on Monday and will raise ¥2.65tn ($23.5bn) from its listing a third of its shares in a deal that is set to take place later this month....
...Liberum says: FY FD EPS was 23% ahead of our reduced estimates and there were no new non-underlying items....
...The pound rose to $1.41 on the news — its highest level against the dollar since the June 2016 Brexit vote....
...Stocks in Asia initially picked up where Wall Street left off, building on a rally in equities from Friday that saw the S&P 500 climb 1.2 per cent to its 14th record close of 2018....
...0.00 (0.00%) at 12,978 Currencies €/$ 1.20 (1.20) $/¥ 112.56 (112.49) £/$ 1.35 (1.35) €/£ 0.8896 (0.8887) Commodities ($) Brent Crude (ICE) up +0.41 at 68.25 Light Crude (Nymex) up +0.51 at 62.14 100...
...Markets at 0801 GMT Asian markets Nikkei 225 up +61.06 (+0.26%) at 23,715 Topix up +7.66 (+0.41%) at 1,884 Hang Seng down -66.55 (-0.21%) at 31,346 US markets S&P 500 up +18.68 (+0.67%) at 2,786 DJIA up...
...closed above 23,000 overnight....
...However, the dollar was down 0.1 per cent versus the yen at ¥111.41....
...So, are the housebuilders no longer on a one-way street? Or Brookside-style cul-de-sac? Nope. This morning, Persimmon’s results suggest nothing but business as usual. Or even better than usual....
...We continue to share the Shawbrook management team’s vision and look forward to working with them in the future to build on the company’s strong foundations as a specialist lender....
...The DXY dollar index meanwhile is up 0.2 per cent while yields on the benchmark 10-year Treasury, which hit a record low this week, edged up 2.7 basis points to 1.41 per cent....
...A soft lead from Wall Street overnight did not help matters for other Asian bourses....
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