Hints and tips:
...The won accounts for 41 per cent of the market, according to CCData, up from 24 per cent in September....
...United Kingdom UK homeowners are among the most exposed due to a combination of higher rates — the Bank of England’s benchmark rate is 5.25 per cent compared with the European Central Bank’s 4 per cent...
...Its website allows people to “Join for Updates”, but not much else. 14) SEBA Bank ($1mn for “<1%”) SEBA Bank, a Swiss crypto bank, hailed the FTX connection when it announced a Chf110m Series C raise in...
...Goldman will hold a 51 per cent stake in the new venture, while ICBC wealth management, a subsidiary of the bank, will own the rest....
...As a result, the growth rates shown for European CEOs differ slightly from the local currency data disclosed in company annual reports....
...Following the “tequila crisis”, the Fed kept rates around 5.25 per cent until March 1997, when it raised them to 5.5 per cent....
...This time, the capital’s property market is not nearly as frothy, foreign currency reserves are at a record high and the central bank would be happy to see the baht weaken....
...Couple that with its current account deficit it's not a currency that rallies in a risk off environment....
...The same may apply to Turkey, which has 11 stressed and distressed bonds, nine of them issued by banks....
...A net 51 per cent of fund managers said emerging market currencies were undervalued (75.5 per cent said they were, 24.5 per cent said they were not) in the most recent Bank of America Merrill Lynch survey...
...Hung Tran, executive director of the IIF, estimates that Turkey needs to attract foreign capital equivalent to 25 per cent of its GDP every year in order to cover both its large current account deficit and...
...His chain of low-cost medical clinics has expanded in three years from one to 51 branches and claims already to have the country’s largest clinical data set drawn from 1m patients....
...If only its most liquid hard-currency assets are measured against similar liabilities, Pakistan’s central bank has even less to work with....
...The dollar index — measuring the US currency against a basket of peers — was flat at 99.089, leaving it down 1.2 per cent week-to-date....
...Bank Indonesia has also beefed up its foreign currency reserves to $123.1bn as of June, 25.5 per cent more than in the same period in 2013....
..., supporting the European Central Bank’s recent stance....
...On account of this more hawkish outlook, the US currency has continued to rally....
...The comments came as the drugmaker reported 4 per cent increase in group sales at constant currencies in 2016 to SFr50.6bn ($51.03bn), just below analysts’ SFr50.7bn forecast....
...Net debt accounts for only about 28 per cent of the enterprise value of Japanese businesses, compared to 37 per cent for the US and a whopping 51 per cent for the euro area....
...remittances to Mexico, a measure that we estimate would see the current account deficit swell to 4.0-4.5% of GDP from 3.0%....
...He believed such measures would be necessary to “put a floor under the market” and prevent a further slide in the currency to 25 to the dollar....
...Ahead of the Britain’s referendum, CFTC data showed peso short positioning from leveraged accounts were at a 2 year high, making it probably one of the most crowded trade among other LatAm currencies....
...The group’s latest results come after the Bank of England slashed interest rates to a fresh record low of 0.25 per cent in August, placing further pressure on net interest income, a measure of earnings from...
...There are some other interesting announcements kicking around this morning, notably an upgrade to full-year profits expectations from Smiths Group, a confident outlook statement from property group Savills...
...On ECB data, net interest income accounts for 51% of banks’ profits, so the pressure on profitability has the potential to be significant....
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