Hints and tips:
...Christine Lagarde, president of the European Central Bank, has poured cold water on US-backed proposals to use more than €260bn of frozen Russian assets to finance Ukraine’s war effort, warning they risked...
...In the 10 years to the end of June 2023, 77 per cent of actively-managed sterling-denominated UK equity funds had failed to beat the index and 95 per cent of global equity funds had done the same....
...In terms of other campaign funds, Trump could tap Save America, the so-called leadership Pac he controls. It had only $4.1mn on hand at the end of February. Could Trump declare bankruptcy?...
...James Gill has been named head of financial institutions investment banking for Europe, the Middle East and Africa at Bank of America. He joined the bank in London from Prudential in 2020....
...given its P&L seasonality (2H represents 77% of EBIT vs 56% for luxury peers)....
...Sun Yu 77....
...While the S&P 500 is seen being very liquid among markets, analysts at Bank of America Merrill Lynch are nevertheless keeping an eye on liquidity this month....
...Bank of America, perhaps counter intuitively, responds by pulling forward its cut prediction. Today's PMI leaves us in no-man's land....
...Bank of America has joined Morgan Stanley and Goldman Sachs as lead underwriters for the IPO....
...Mr O’Rourke enters a crowded field that includes a record number of women and Bernie Sanders, the 77-year-old senator from Vermont who challenged Hillary Clinton for the Democratic nomination in 2016....
...An agreement with the International Monetary Fund for a $50bn bailout and the country’s recovery of its emerging markets status provided a brief respite from the sell-off....
...Brent crude rose as high as $78 a barrel on Thursday, before easing back slightly Bank of America Merrill Lynch raised its average Brent forecast for this year to $70 a barrel, and to $75 a barrel for next...
...Regulators seized control of Anbang in February, and last month the company received a $10bn bailout from an industry rescue fund....
...And its need to to fund its own incentives for buyers....
...’s exit from the EU.”...
...UK commercial real estate sector and further dovish comments from Mark Carney, governor of the Bank of England....
...But, if a recent, if largely overlooked, report from Bank of America Merrill Lynch is to be believed, you ain’t seen nothing yet....
...In the US, Goldman Sachs saw profits fall 56 per cent on across-the-board revenue declines, continuing a string of weak bank earnings, but shares closed up 2.28 per cent at $162.65....
...Shanika Amarasekara General counsel, British Business Bank 77. Anit Chandarana Finance director, infrastructure projects, Network Rail 78....
...He has criticised a sharp increase in YPF’s debt to about $7bn from $2bn in 2012, when Mr Galuccio took the helm after the former government seized a 51 per cent stake in YPF from Spain’s Repsol....
...The bank was part-nationalised to save it from collapse during the financial crisis. The government plans to sell loans and other assets worth £17bn....
...The point is, ‘Don’t rely on America, rely on us’. But we need to rely on ourselves first, before we go to Russia or America.”...
...The mine, which BHP operates with Vale of Brazil, has signed a preliminary commitment with Brazilian prosecutors to put up an emergency fund of $260m....
...Still, the numbers beat expectations and the bank’s return on equity rose from 4.2 per cent to 5.9 per cent....
...Doubtless, some bookmaker is offering odds on whether the US Fed or the Bank of England will be first to raise interest rates....
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