Hints and tips:
...A bit of a rough day for the US yesterday: our former president was indicted and Fitch downgraded our debt, citing “a steady deterioration in standards of governance over the last 20 years”....
...In recent weeks, chains including Brooks Brothers and Ann Taylor-owner Ascena Retail have filed for bankruptcy....
...“There’s about 100 different ways that Ford wants to go and needs to go, but how they get there is a big question,” said Brett Smith, technology director at the Center for Automotive Research in Ann Arbor...
...Brian Coulton, chief economist, Fitch Ratings: In growth terms, the UK will outperform a bit but this largely reflects the lagging GDP recovery to date....
...That is reflected in the share prices of retailers, including Best Buy, Abercrombie & Fitch and Macy’s, which have sold off heavily since Mr Trump announced the latest round of tariffs last week....
...Ann Klee, head of the development for GE, said: “While changes in the company’s portfolio and operating model will lead to a smaller corporate headquarters, we are fully committed to Boston and proud to...
...Brian Coulton , chief economist, Fitch Ratings More of a “Boris sigh” (of relief), that no-deal is off the agenda — for 2020, at least....
...Beth Ann Bovino, economist at S&P Global Ratings, says a shutdown would have ripple effects across the country from shopping malls to hotels....
...S&P chief US economist Beth Ann Bovino said a default on US government debts would be “devastating” to markets and the economy....
...Photographs: Getty Images; Dona Ann McAdams...
...Chris Wolfe, managing director at the rating agency Fitch, said banks were particularly cautious about financing new construction....
...Ms Horowitz has worked at retailers including Express, Bloomingdales and Ann Taylor Loft, where she was brand president....
...Brian Coulton, chief economist, Fitch Ratings It all depends on how the politics plays out....
...PANELLISTS: Jonathan Cornish, Head of Bank Ratings, North Asia, Fitch Ratings; Gerard Lyons, Chief Economic Advisor to Boris Johnson; Jin Chen, CEO, London, ICBC. ——————————————– Growth, innovation, economies...
...Brian Coulton, chief economist, Fitch Ratings We expect only a very marginal pick up in nominal wage growth....
...Brian Coulton, chief economist, Fitch Ratings Unlikely because [capital expenditure] will fall....
...Brian Coulton, chief economist, Fitch Ratings Inflation is close to peaking but real wage growth will remain subdued....
...Ann Pettifor, director, policy research in macroeconomics, Prime Economics We think much depends on the Fed[eral Reserve] and ECB....
...Ann Pettifor, Director, Policy Research in Macroeconomics (PRIME) The end of 2017 witnessed, in our view, the top of the global asset bubble....
...Ann Pettifor, director, policy research in macroeconomics, Prime Economics Feel about the same as 12 months ago....
...Same-store sales at traditional “mall stores” such as Express and Ann Taylor have declined for three consecutive quarters....
...Sean Sexton, an energy specialist at Fitch, the rating agency, says that last year he was surprised by how investors’ enthusiasm for oil companies’ debt was such that even low-rated companies were able to...
...Related links: And what took *you* so long, Fitch? FT Alphaville Are we nearly there yet? FT Alphaville An Olympic bounce into a deleveraging headwind – FT Alphaville...
...Other issuers include American Express, General Electric and WFN, whose white-label store cards are used by Victoria’s Secret, Pottery Barn, Ann Taylor and other chains....
...Fitch, the credit rating agency, stressed the challenges facing the President at the start of his second term by warning that “failure to avoid the fiscal cliff and raise the debt ceiling in a timely manner...
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