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...The planned downgrade would have taken their financial strength rating down three notches, from B++ to B-, they said....
...The UK has moved to restrict Chinese investment in critical infrastructure such as the planned new Sizewell C nuclear power plant in Suffolk and forcing telecoms groups to strip out Huawei equipment from...
...“We feel strongly that the Japanese precedent is driving incremental change in Korea,” said Smith, whose London-based fund Palliser Capital has called on Samsung C&T’s management to reform its capital allocation...
...If P&C reinsurers tend to hover in the background, life reinsurers are not even at the party....
...(It’s particularly interesting in a season where the shirt pockets at Paul Smith, Ferragamo and elsewhere cover most of the front of the garment.)...
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...Canadian insurance group Manulife has announced a C$13bn ($9.6bn) reinsurance deal with KKR’s Global Atlantic, freeing up C$1.2bn of capital that the Toronto-based insurer intends to return to investors...
...Tim Rourke, UK head of P&C pricing, product, claims and underwriting at WTW, said the data suggested “the relentless rise in prices may finally be turning a corner”....
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...Berkshire’s line-up of managers, however, is to P/C insurance what Cooperstown’s honorees are to baseball.”...
...On Saturday, May 4 in Washington, D.C., join Jake Sullivan, Gucci Westman, Jancis Robinson, Anne Applebaum and many more for our third annual FT Weekend Festival: US edition....
...“The outcome of the annual general meeting reflects significant minority shareholder support for greater shareholder returns,” said James Smith, founder of Samsung C&T investor Palliser Capital and former...
...Outside the village of Krippen — where Friedrich lodged during his walks in Saxon Switzerland — our path made a turn at the spot on which he based his painting “Two Men Contemplating the Moon” (c 1825-30...
...No mention of the B-word, then....
...“It’s heavily skewed towards stuff . . . that’s been downgraded over time from single B.” Triple C issuers listed on Ice BofA’s index include Dish, the TV group that recently merged with EchoStar....
...Ukraine aid bill: Democrat Senate majority leader Chuck Schumer is expected to propose a “Plan B” after the $118bn bipartisan spending bill that tied support for Kyiv to a crackdown on immigration at the...
Comments come two days after US central bank’s dovish outlook sparked stock and bond rally
...or for worse, including in this age of ours the difficult choice of geostrategic partners; and c) the basis of trade is industry, not tariffs....
...The state-run oil producer said the energy ministry had ordered the move which would have increased its daily output from 12mn barrels a day to 13mn b/d by 2027....
...b) The majority she had inherited was too small to deliver Brexit. c) Any election in which the Labour party was led by Jeremy Corbyn was a massive gimme....
...The two-day competition is broken down into three classes: A (cars with a prayer of winning), B (cars with a prayer of finishing), and C (cars with no prayer of finishing)....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...At Kew, he has combined several, including the yellow-green stems of Cornus stolonifera Flaviramea; amber C sanguinea Anny’s Winter Orange; red C alba Sibirica; and purple-black C alba Kesselringii....
...When their idol took the stage, the screams that greeted her would do justice to the word hysteria, yet what followed was not an evening of Taylor Swift pop or Ariana Grande R&B, but a set of bossa novas...
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