Hints and tips:
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, is charged with convincing Canada’s pension funds, which manage more than C$4tn (US$2.89tn), to allocate more capital at home....
...S&P Global Ratings said in a report on Thursday that triple C borrowers would “contend with weak cash flow and elevated interest expenses this year”, while “defaults in 2024 [would] largely come from consumer-facing...
...They offer no explanation, but former New York Fed chief Bill Dudley has. In his interview with Unhedged last year, Dudley told us: M2 is going to be correlated with the shift from QE to QT....
...Wall Street’s benchmark S&P 500 rose 0.2 per cent shortly after the New York open, while the tech-heavy Nasdaq Composite added 0.3 per cent....
...Ethiopian officials expect an IMF programme, necessary to start negotiating a comprehensive debt treatment under the common framework, will come in the first quarter of next year, according to Fitch, but...
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...New York-listed insurer Assured Guaranty had more than $12bn of exposure to UK water companies at the end of 2023, with more than $2bn to Thames Water alone....
...These factors, in our view, offset the lack of secondary market liquidity. Regulated by the great state of New York and not very popular....
...As part of the deal announced with Elliott, NRG said on Monday it would carry out a “comprehensive review of its operations and cost structure to identify additional opportunities to become more efficient...
...As much as 45 per cent of the financial companies in the S&P 500 have no women among their “named executive officers”, those C-suite members important enough to have their pay officially disclosed, according...
...The New York Fed’s global supply chain disruption index has been bang in line with the long-run average since November 2023, shrugging off a clogged Panama Canal and war-stricken Red Sea....
...The New York-listed market maker earned 37 cents a share in the quarter, down from 73 cents in the same period last year when tumbling markets boosted trading volumes....
...360 Madison in New York....
...Stock market outlook: US futures are higher ahead of the start of trading in New York. The S&P 500 finished last week up 5.9 per cent, its best week for a year....
...As the very capable New York State governor Kathy Hochul has been saying, there are plenty of jobs that need filling....
...They have a typical cap of 7.5 per cent of their assets for “triple-C” rated loans....
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...Jason DeSena Trennert, managing partner at New York’s Strategas Research Partners and a longtime recessionista, sums it up in a recent note: “As Falstaff said, ‘discretion is the better part of valour’....
...Hello from New York, where I’ve just arrived ahead of the Moral Money Summit Americas here on Tuesday and Wednesday next week....
...The company’s triple C plus credit rating is one of the lowest assigned by the big rating agencies, with analysts at S&P Global warning its upcoming debt maturities “present significant refinancing risk”...
...One good read FTX’s seven alternative balance sheets, The New York Times test and Sam Bankman-Fried’s “very valuable” hair....
...Antoine Gara in New York Luxury Trend to watch Luxury lost some of its sparkle in 2023....
...Hello from New York (where we were breathing better this weekend). From the looks of it, environmental and social advocates are having a tough year in the US....
...For the first time since the pandemic began, the New York Fed supply-chain pressure index, updated yesterday, shows conditions a smidgen looser than the historical average: Optimistically, you could imagine...
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