Hints and tips:
...One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape....
...Smart reads Plan B Rightwing tycoon Peter Thiel’s political donations have yet to spark the change he’d hoped for....
...Prices have been driven even higher by fears that a growing boycott of Russian oil could remove up to 2.5mn b/d of crude oil and petroleum products from the market and the reluctance of Saudi Arabia and...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Then another strike killed the three young men 20m from where they’d parked....
...Deadly force You’d think that stopping products made with forced labour being sold in your market was a) a bit of a no-brainer and b) something any ambitious policymaker would elbow others aside to take...
...The founder of AlixPartners had watched McKinsey push into his core business of advising companies going through Chapter 11 bankruptcy proceedings, and smelled a rat....
...As the ship passed in a blue blur from A to B, fires broke out in Greece. The island of Evia was ablaze....
...Here’s RBC Capital Markets for the overview: We continue to have a balanced view on CNA....
...By the time Saudi Arabia threw in the towel, US production had fallen by 1m b/d from its peak, to about 8.5m b/d....
...On Tuesday, it told Saudi Aramco to lift supplies by a quarter, to 12.3m b/d, which was 2.6m b/d more than its recent production....
...As the coronavirus lockdowns spread and unemployment rises, the US is now on its own producing 2m b/d more than its slowing refineries need, and lacks available storage to handle the excess, say analysts...
...Truth is the first casualty of a British general election campaign....
...We believe oil use is now down 8m b/d, coffee down c.10% and even gold sales to EM CBs are down....
...Still, given £4bn would be nearly 90 per cent of Pennon’s current market cap, it’d be nice to get some on-the-record clarity....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...“pan-European b-to-c media deals”....
...As noted by the International Energy Agency, non-Opec supply will accelerate from 1.9m barrels a day to 2.3m b/d next year. The other side of the coin is weaker growth sapping demand....
...The consultancy expects the country’s production to fall to 800,000 b/d in January after reaching a five-year high in late 2018 of nearly 1.3m b/d....
...However, seven companies are now trading below their last repor t e d T NAV figures, with the most incongruous being the c60% discount for McCarthy & Stone and c30% discounts for Redrow and Vistry....
...Because of the rules, demand for high-sulphur marine oil will “collapse” from 3.2m barrels per day in 2019 to 1.3m b/d in 2020, even as total marine fuel consumption grows, the International Energy Agency...
...Trump, for example, blocked Qualcomm’s proposed $142bn takeover by Singapore-registered Broadcom on concerns that it might lead to reduced R&D spending by the US company, allowing China to steal a lead in...
...There’s no “Planet B” for ordinary risk-averse people....
...(Science Translational Medicine) Hepatitis Should hepatitis B virus be treated as a neglected tropical disease?...
...This high profile casualty of the trade war won’t go unnoticed among multinational companies. Garry Young, NIESR Chelsea will win the cup....
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