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...He said the new regulation allows Brussels to investigate financial contributions granted by non-EU governments to companies active in the EU, and strip them of contracts....
...short-term credit or overdrafts, swing pricing and anti-dilution levies could add to fund expenses, while broker costs could increase when the firm seeks an extension of the T+1 settlement of “certain” trades...
...BYD’s European boss Michael Shu told the Financial Times last month that local subsidies were less important than “technology” and “efficiency” in making its vehicles cheaper....
...corporate and sovereign debt restructuring, had built a position in the heavily-indebted water company’s bonds at a discount to face value in recent weeks, according to three people with knowledge of the trade...
...McKernan told the Financial Times he wants to monitor compliance with those “passivity letters” by asset managers....
...As a result, she was reliant on a more lightly regulated e-money institution....
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...Clearing houses are a mundane but vital piece of financial market infrastructure that exist to prevent crises cascading through the system....
...Use will usually fall below the purview of financial regulators. Purchases and transfers are largely untraceable....
...While Capital One trades at 1.4 times tangible book value, it will pay 2.6 times for Discover, inclusive of a 27 per cent premium owed to shareholders. (American Express trades at 6 times book value)....
...Equity swaps are financial instruments that allow investors to gain exposure to a stock. They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
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...Job moves Swiss financial regulator Finma has appointed outgoing European Central Bank director Stefan Walter as its new chief executive....
...administration that has staked its reputation on being a different kind of sheriff, a much more aggressive sheriff,” said Jeff Oliver, partner at law firm Baker Botts and a former staff attorney at the Federal Trade...
...The FTSE 100 trades on a 11.6x P/E. This valuation puts the UK on the 38th percentile vs. its own history (since 2006)....
...Thomson Reuters acquired its holding in LSEG when the financial services group bought its former financial data business Refinitiv for $27bn in 2019....
...“Thames Water investors are essentially blackmailing customers and Ofwat,” said a spokesman for GMB, an influential trade union....
...Biden’s intervention comes a day after the Financial Times first reported that he was preparing to voice concerns about the Japanese group’s proposed acquisition of the Pennsylvania-based steelmaker....
...High multiples on which they trade have pushed the broader S&P 500 Shiller price-to-earnings ratio, aka the cyclically adjusted p/e ratio (CAPE), up from less than 30 times in late 2022 to 34 times....
...The Mag 7 value trade Market pundits often talk about the Magnificent Seven big tech stocks as a homogeneous entity. This is a mistake....
...However, people close to the US group said that this investment was very different given that Elliott planned to operate the company and its assets rather than trade commodities....
...So excluding financials and the Mag 7, the forward P/E of the rest of the index is 20....
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Yet they still trade at just 0.4 times its tangible book value, a fraction of that of its regional peers. That discount reflects concerns over the potential for an increase in bad loans....
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