Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...Leave your credit card in your wallet, don’t go near an ATM, and come armed with US dollars in cash that you can change into pesos on the ground. Not just any dollars, crisp $100 dollar bills....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
...His company, Nova Credit, partners with credit reporting agencies around the world to create a standardised “credit passport” immigrants can use to access financial services when they move to a new country...
...Reach out to us at imani.moise@ft.com or sid.v@ft.com....
...“This is as busy as I’ve seen the market since 2008, just before the credit crunch,” the executive said....
...Google is talking to US banks about offering current accounts to its customers, accelerating Silicon Valley’s incursion into financial services after Apple’s credit card launch and Facebook’s proposed digital...
...Ana Botín, executive chairman of Santander, the eurozone’s largest lender, told a financial services conference in March that there was a possibility the bank would see only a 5 per cent drop in earnings...
...The issue for Europe is that the economies are dominated by services. For instance, European airport passenger traffic is currently down 97% y-y. The services industry also provides the bulk of jobs....
...Focusing on small and medium-sized retailers in Brazil, Stone has thrown down the gauntlet to the country’s big banks by expanding into other services such as credit. Michael Pooler in São Paulo 47....
...But experience suggests that if the service is good, customers and US politicians will ultimately prove docile....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...The credit crunch — combined with sky-high 24 per cent interest rates — has taken its toll....
...To Mr Cohen’s credit, YouTube has successfully brokered fresh licensing agreements with two of the big three record labels since he took over....
...“Even a year ago, oil and gas companies dominated the distressed list,” says Dianne Vazza, analyst with S&P....
...Spotify, the music streaming service, plans to list existing private shares directly on NYSE as soon as the fourth quarter rather than doing a formal IPO....
US stock volatility indices closed at their highest level of the year, US capital markets correspondent Eric Platt reports.
...Salman is now arguing that the Supreme Court should extend that ruling nationwide....
...Moody’s Investors Service is predicting that China’s property markets are facing a double-whammy of growing margin pressures for developers and tapering growth in home sales nationwide....
...LendUp promised its borrowers that it would report their credit information to nationwide credit agencies....
...Tracking stocks owe their origins to General Motors’ acquisition of the EDS IT services business from Ross Perot in 1984....
...That’s the view of Moody’s Investors Services, which has warned that the growing market share of the German entrant is credit negative for Woolworths and Wesfarmers-owned Coles – the two big players – and...
...Today’s economic calendar is light, with few top-tier data releases (Hong Kong times): 11.00: New Zealand April credit card spending12.00: Malaysia April CPI13.00: Japan April nationwide and Tokyo department...
...V.me allows people to make online purchases without having to punch in their card details each time....
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