Hints and tips:
...“The Fed’s position seems to be very different from that in previous cycles,” said Adam Wolfe, EM economist at Absolute Strategy Research....
...EM bond ETFs saw $3.2bn of selling, the largest outflow for a year, while EM equity ETFs leaked $1.7bn, their first net outflow since mid 2021....
...At the entrance I find Greenough shuffling about in a V-neck cricket jumper and a marshal’s jacket....
...This is not just a recent phenomenon: Adam quotes Mark Jones, former director of London’s V&A, on Richard Wallace (1818-90), founder of the Wallace Collection, who “was an outsider, because of being illegitimate...
...Kate Adams, Apple’s chief counsel, called the verdict “a huge win”, pointing to the court’s ruling that “Apple is not a monopolist under ‘either federal or state antitrust laws’”....
...(Forbes) Anna v Andrea It’s one of those boardroom battles that has captivated the global industry....
...AstraZeneca Plc has made a preliminary approach to rival drugmaker Gilead Sciences Inc. about a potential merger, according to people familiar with the matter, in what would be the biggest health-care deal...
...Relative forward P/E of software v semis, commercial & professional services v capital goods and C&P v transportation Bank of England stuck on hold — On Thursday there was consensus among UK policymakers...
...Drugmakers have welcomed Mr Azar’s proposal to bring transparency to the rebate system, arguing the PBMs should be passing more of them to patients....
...“It’s not like the standard V-shaped recession in emerging markets, such as in Indonesia in 1998 where it’s only a year and a half of real economic hardship,” he said....
...Investors poured into EM stocks last year....
...Crucially, the rise in yields has not translated into risk aversion – equity and credit markets are performing well, FX volatility has eased and only a handful of EM currencies have underperformed the euro...
...ETFs that track EM assets now have almost $250bn dollars under management, with $196bn in equities and $48bn in fixed income, according to the US bank’s calculations....
.... ————————————————– News: Amazon agrees to buy Whole Foods for $13.7bn Lex: Grain of truth Video Lex on Whole Foods takeover FT Alphaville: Whole Foods v the activists Markets: Investors gobble up...
...Similarly, funds that have a mandate to invest in stocks globally remain underweight EM. Of 127 funds with $181bn under management surveyed by HSBC, only a quarter are currently overweight EM....
...EM stocks are also inexpensive on a valuation basis, trading at a 24 per cent discount to their developed-market peers....
...Victoria & Albert Museum Cromwell Road The V&A returns as the LDF’s official hub and host of the Global Design Forums — a series of talks, including Merel Bekking on “Brain Manufacturing”, which explores...
...As Morgan Stanley’s Adam Jonas noted after reviewing Hertz’ results this week: It’s hard enough running a car rental firm in a normal environment....
...Instapaper v Pocket A big difference between the two apps is cost....
...At the start of this year, a British businessman named Adam Robson received some awful news....
...Museums are holding special shows, from Performing for the Camera at Tate Modern to Paul Strand at the V&A, while many commercial art galleries have put on photography: for instance, Shigeo Anzaï at White...
...Adam Slater, lead economist at Oxford Economics, a research company, says that rising debts, falling profits and tighter credit conditions have raised the danger of nasty surprises....
...Adam Palin has all you need to know on the radical changes in online filing planned that should end this annual frenzy....
.... …………………………………………………………………………………………………………… Ben Hall, world news editor, picks: • Isis Inc: how oil fuels jihadi terrorists by Erika Solomon, Guy Chazan and Sam Jones• Why China’s ‘migrant miracle’ is...
...You’re gonna need ‘em!” Yes Man: Surefire box office! But what’s the back story? Producer: Well, Glencore floated four years ago....
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