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...This would potentially expand the pool of assets the PPF, a public corporation, could invest to boost UK growth....
...As part of the terms of Heathrow’s ownership structure, the other shareholders, including Canadian and Australian pension funds, the Qatar Investment Authority and the China Investment Corporation, have...
...Last month, insurer RSA agreed to offload £6.5bn worth of its liabilities to Pension Insurance Corporation, in what was a record deal in the UK....
...The three major Singaporean financial institutions — DBS, United Overseas Bank and Oversea-Chinese Banking Corporation — refer to Fed rates when setting those for their own loans....
...In response, Rosneft’s Sechin in March signed a deal with the Indian Oil Corporation, the country’s top refiner, to increase oil exports to India further and “diversify its blends”....
...It protects a further 9.6mn members of DB schemes that have not failed....
...But despite the controls, Chinese mobile phone maker Huawei and Shanghai-based Semiconductor Manufacturing International Corporation — both of which are on a US trade blacklist — revealed in August they...
...“ASML US employees must refrain — either directly or indirectly — from servicing, shipping or providing support to any customers in China until further notice,” the letter said....
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...They have also pushed government borrowing to its highest levels since the 1940s, the stock of government debt to its highest level since the early 1960s and the cost of servicing that debt to its highest...
...New Financial estimates that the average cost of a DB scheme is 60bp of assets per annum....
...Biweekly trials of the new one-day settlement regime were begun in mid-August by the US Depository Trust and Clearing Corporation, which handles clearing and settlement for nearly all US equities and bonds...
...Oversea-Chinese Banking Corporation is the latest to join the trend for earnings leaps, reporting its best-ever quarterly profits....
...The change was prompted after the DB system came under pressure from low interest rates and an ageing population, which strained funding....
...DBS has helped other banks improve fraud detection systems by using AI....
...The policy banks are owned in part by the Ministry of Finance, in part by vehicles set up by the central bank (SAFE), and in part by China Investment Corporation, the Chinese sovereign wealth fund....
...If Dutch restrictions preclude servicing and support, Chinese customers would take a further hit. SMIC shares have moved little in the past year despite US curbs....
...In 2022 and 2021 no Federal Deposit Insurance Corporation backed bank failed — an unusually long period. The last failure was Kansas-based Almena State Bank in late 2020....
...Foreign Exchange Trade System (CFETS), a central bank affiliate that runs the country’s interbank market, said 27 offshore investors — including HSBC, Deutsche Bank, BNP Paribas, Amundi, Citigroup, Maybank, DBS...
...Its role servicing the tech sector is valuable. Despite the downturn, tech remains more highly valued on a forward p/e basis than any other sector in the S&P 500....
...Critics also point out that only some of the savings from debt servicing are funnelled towards conservation in this type of deal....
...Much of that debt is locally held but if interest servicing costs were to jump (via higher interest rates) then government spending would be hit....
...My pick of her writing is this one on “camel mode”, she talks about the time of your life when your focus is on servicing your children’s needs....
...Corporations have a tradition of taking into account the interests of customers and the local community — rather than just shareholder returns....
...The main driver has been the remarkable decades-long drop in interest rates, which has compressed the cost of debt servicing to record lows, even as corporate leverage has ballooned....
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