Hints and tips:
...Credit rating reviews from Moody’s on April 26 and S&P on May 31 could result in downgrades....
...Fitch has already downgraded France’s rating, while S&P maintained it in December and will review it again by April....
...Bruno Le Maire said he would try to wring out an extra €1bn in spending cuts on top of the €16bn announced last month in the country’s budget as it heads to parliament for review....
...Shares have fallen 8 per cent over the past five years, compared with a 7 per cent rise in the benchmark S&P 500 Consumer Staples over the same period....
...France’s finance minister Bruno Le Maire has promised a renewed push to cut public spending on everything from energy subsidies to real estate tax credits as the government seeks to rebuild its credibility...
...The government is trying to rein in public spending and rebuild its credibility with rating agencies after narrowly avoiding a downgrade from S&P Global Ratings in June....
...France’s credit rating was downgraded by Fitch in April, and it remains on a negative outlook with S&P Global Ratings for the next review set for December....
...“It’s not possible,” said Laurent Ruseckas, a gas expert and executive director at S&P Global....
...In a Bank of International Settlements working paper last year, economists Valentina Bruno, Ilhyock Shim and Hyun Song Shin show that not only are translated returns amplified, but appreciating domestic...
...P&G’s shares rose about 85 per cent during that time and the US group followed through on Trian’s demands to simplify its structure in 2018....
...The S&P 500, for reference, has tripled in that time....
...“If you’re concerned about the possibility of recession, these current valuations in investment-grade credits aren’t very appealing,” says Alfonzo Bruno of Morningstar Investment Management....
...The investment was funded through the sale of a logistics company he had founded in his twenties after returning from a stint with P&O Ferrymasters in London....
...“Bruno Le Maire [French finance minister] will not allow them to default” on suppliers, said one Casino bondholder....
...Christine Lagarde, IMF managing director Kristalina Georgieva and French finance minister Bruno Le Maire speak in Davos at 1000....
...France’s Bruno Le Maire and Germany’s Robert Habeck aim to underscore EU concerns about Joe Biden’s climate bill and push for better co-operation....
...As NuLife’s founder, Bruno Micchiardi leans at times into evil-genius comedy, in a way the production could have explored further....
...Bruno Monteyne, analyst at Bernstein, said Unilever was suffering from its presence in “structurally low-growth categories” along with “a loss of investor confidence regarding management and the board”....
...The French package of price caps will cost a net €16bn, finance minister Bruno Le Maire said....
...Bruno Le Maire, France’s finance minister, warned on Sunday that the country should prepare for severing of Russian energy supplies....
...Nevertheless, Bernstein analyst Bruno Monteyne says Trian’s timing might be opportune because much of the bad news is already out of the way....
...“There are doubts surrounding the sustainability of some fintechs,” says Bruno Diniz of São Paulo-based consultancy Spiralem....
...Futures trading implied the benchmark S&P 500 share index would hang on to a 3.1 per cent gain at the end of last week to rise 0.5 per cent....
...P&G’s shares have sharply outperformed Unilever during that period. “Activist investors will look at P&G and say: Is there a similar thing to be done at Unilever?”...
...Brunetti, a global power analyst at S&P Global Platts....
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