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...The event highlighted the US scheme, which has attracted interest from Amazon, Mastercard and Bank of America but is still seeking corporate buyers for its credits....
...Christian Hantel, portfolio manager at Vontobel Asset Management, said his team had been allocating more credit exposure towards Europe this year, funded partly by cash generated from the sale of US corporate...
...“These [voting] guidelines aim at getting hot-button culture war advocacy out of corporate governance and getting companies back to neutral on those issues,” Bowyer said....
...“I think there are risks to credit spreads here.”...
...European investors have been piling into the region’s risky corporate bonds to scoop up the chunky yields on offer, as they grow more confident in companies’ ability to refinance their debt....
...Is corporate credit too crowded? For a gestalt image, start with the Bank of America fund managers’ survey....
...Rana Foroohar sat down with four of America’s top union leaders to talk about what’s happened and where they go from here. We’re also reading . . ....
...I sat down with four of America’s top union leaders — Liz Shuler, president of the AFL-CIO (the federation of US trade unions); Claude Cummings, president of the Communications Workers of America; Randi...
...But there are two fundamental differences in how Americans and Europeans see the issue of corporate concentration that will make it difficult to achieve this goal....
...European sovereign CDS have posted a small increase y/y, but less than that of sovereign CDS in the Americas. This also makes sense to us given the lack of concern about European Union integrity....
...This is where corporate purchases of carbon credits could have a crucial role to play....
...But Bank of America’s credit strategist Oleg Melentyev has a good idea: While we cannot directly observe valuations and credit loss experience in private credit space, we can look at proxy issuers and make...
...Chart of the day Growing optimism about the world economy and improved corporate earnings is driving stock markets to record highs, prompting analysts to forecast further gains....
...Mentioned in this podcast: America’s most powerful union leaders have a message for capital Union workers score big pay gains as labour action sweeps US Sign up for the FT’s Swamp Notes newsletter here...
...Back in March 2022, EU leaders committed to set deadlines for phasing out export credit to fossil fuels by December 2023....
...Back in the 1970s, the country’s trade unions also used to strike terror into the hearts of corporate managers....
...The Biden administration will target billionaires and corporate America with sweeping tax rises as part of a plan to cut the US’s record national debt and boost the president in the polls ahead of November...
...UBS reckons that the biggest macro exposure for all of these non-banks is global corporate credit markets, which are still trucking along: . . . our more constructive corporate debt outlook given robust...
...Of course, this “reallocation of credit” can have downsides, even if the overall quantum of credit doesn’t change much in the process....
...It is a remarkable turn of events for the coffeemaker, which has long marketed itself as one of the most worker-friendly environments in corporate America....
...Crédit Agricole posted a 25 per cent drop in net income to €1.33bn, though it set aside less money than expected against soured loans....
...The largest US banks lent billions of dollars less in the first quarter, in a sign that corporate borrowers are paying down debt as interest rates hover at historically high levels....
...They predicted corporate loan demand would keep falling but said mortgage demand was set to rebound in a positive signal for house prices in the eurozone, which fell last year for the first time in more...
...Financial strength in corporate America. Earnings are growing again, analyst earnings expectations are optimistic, corporate balance sheets aren’t highly leveraged and cash balances are high....
...What trends have been observed in consumer spending and credit delinquency in the US?...
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