Hints and tips:
...Now US lenders are getting in on the action....
...Rating agencies are also starting to take action. S&P this month downgraded Thames Water’s top-ranked class A debt to BBB-, the bottom rung of investment-grade, just one notch above junk....
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...“My thoughts are with the crew members, their relatives and the rescue teams who have been in action since early this morning.”...
...We also lowered our local currency (LC) sovereign credit ratings on Cameroon to ‘CCC+/C’ from ‘B-/B’. The outlook on the LC long-term rating is stable....
...Adani shares slid and politicians are now demanding action....
...Traders appear unconvinced that the agreement struck at the COP28 summit will lead to meaningful government action on the climate....
...He deems such practices and policies “actionable” even if the stated diversity goals are not explicit quotas....
...Here’s what else I’m keeping tabs on today: Manufacturing: S&P Global publishes its manufacturing purchasing managers’ indices for the EU, UK and US while the US Institute for Supply Management publishes...
...Co-ordinated action to save CS from a run may have bought time to figure out the next move, but probably not much....
...Campaigners and politicians have also called for curbs on executive pay as the gulf widens between the C-suite and lower level employees....
...The Canadian Association of Petroleum Producers, which represents the upstream oil and gas sector, yesterday said the country’s industry will spend C$40bn ($29bn) this year....
...You do the S&P 500 questions. Alexandra Scaggs The S&P is a multinational index. Robin Wigglesworth Yes. Alexandra ScaggsI take no responsibility for whether this is right or not. OK, so 497....
...That’s a lower proportion than the S&P 500, which has 13 stocks above the 10 per cent short threshold. And from 461 companies in the Stoxx 600 ex UK, 28 are heavily shorted....
...Atos is burning cash flow at an average of €385mn annually through 2025, according to S&P Global estimates....
...(Gillian Tett) A is for action This is a year when some of the world’s most powerful institutions will need to turn lofty words into action. Here are three key areas to watch: 1....
...action....
...These actions are not the result of the crisis in Ukraine or any issue with the market dynamics in the underlying index components....
...Last year, for example, Wall Street’s S&P 500 index gained 27 per cent, while the FTSE 100 gauge added just 14 per cent....
...Currently, its website’s main call to action is for prospective applicants to “Join Us”. The link 404’d at time of pixel....
...But at an eye-watering C$75bn ($50bn) price tag for the project, the companies also want Alberta’s provincial government to help....
...Sony, Japan’s tech giant, obtained the highest score, but the grade was nothing to be proud of: C+....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...struggled to convince members from the banking sector to end financing for the oil and gas sector this year — as required under the International Energy Agency’s pathway for limiting global warming to 1.5°C....
...Share prices now reflect whether or not the C-suite is taking the risk from climate change seriously....
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