Hints and tips:
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...We’re assuming (b) ended up winning there....
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...More than half of single-B minus rated US companies would not be generating enough cash to cover their capital expenditure while servicing their debt by year-end, analysts at Moody’s project....
...Class B and D stock, which is nearly all owned by Refinitiv and its affiliates, receives 10 votes per share....
...Space-age design II Up 1 (1969) Created by Gaetano Pesce for B&B Italia, this vacuum-packed foam chair came flat....
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...Ratcliffe is keen to buy just enough of the Glazers’ B shares — which aren’t publicly traded and carry 10 times the voting rights of A shares — to take control....
...Maduro is widely expected to win again by capitalising on his control of state media, the election machinery and government funds....
...Michela Tindera The tour guide tells Hannah that this lab can now use computers and high-tech machinery, like those robotic arms, to do work that just 20 years ago had to be done by hand....
...Oriel windows overlook Turbine Hall A, where hulking machinery once turned heat into motion. Today, the hall’s fluted pilasters with original tin-glazed tiling still hold up steel crane gantries....
...But b) is that the reason all the manufacturing of electronics in Vietnam is in northern Vietnam is because of its proximity to China....
...For private equity groups like Vista, which rely on banks’ fundraising machinery to buy up bits of corporate America, rockier credit markets will cap the size of buyouts....
...The securities/investment regulatory machinery has been developed to protect a bunch of stuff we have hundreds of years of experience with, and which has proven social value....
...When banks were racing to lend to companies and private equity firms at the start of the year, a US business with a lowly single B debt rating could expect an interest rate of roughly 4.74 per cent....
...The loan is secured on a) his equity in the fund b) a bunch of SoftBank shares and c) his personal wealth....
...The plaintiff was Cassie, the R&B singer, who alleged that Combs had raped her, beaten her and blown up a romantic rival’s car. Combs denied the allegations....
...Supermarkets and “variety discounters” such as B&M and Home Bargains have been undercutting it on staples such as deodorant, shaving products and toiletries, while online rivals and department stores are...
...The US WTI oil benchmark closed at $72.34/b. And it isn’t just crude....
...b. Line of Credit: On multiple occasions, Bankman-Fried directed FTX to increase the amount by which Alameda could maintain a negative balance in its account....
...Tiger Global told investors more than half of the fund’s investments were in Series A or Series B deals, typically the first or second big financings for private tech companies....
...B Stephens started tinkering with computers as a child and dreamt of being a software engineer....
...And you think about Plan A, Plan B and Plan C. What do I do if this doesn’t work, or if that breaks? You have a kind of mental machinery that prepares you.”...
...This edition features these stories from ft.com Boris Johnson moves to Plan B to control Omicron spread amid MPs’ anger DoJ notifies Deutsche Bank it may have violated US criminal settlement Big Four...
...Its China activity proxy uses figures including car and machinery sales, freight traffic, and property sales to provide a common sense alternative to government figures....
International Edition