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...The reinsurer served as the “primary balance sheet” for 777’s asset management strategy, according to a 2021 investor document seen by the FT....
...The Russell 2000 index has risen 24 per cent since the beginning of 2020, lagging behind the S&P 500’s more than 60 per cent gain over the same period. Read the full story. 4....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...Earlier this week, rating agencies S&P Global and Moody’s put Equinox on watch for downgrades deeper into junk territory, fearing that it could face a restructuring if it were unable to refinance the loans...
...Wall Street’s S&P 500, the tech-dominated Nasdaq Composite, Japan’s Nikkei 225, Germany’s Dax and France’s CAC 40, among other indices, have all hit their highest-ever levels in recent weeks, amid hopes...
...The blue-chip S&P 500 closed up 0.9 per cent, at a new record, continuing a rally that has pushed the index 27 per cent higher since October. The Nasdaq Composite gained 1.3 per cent....
...on their debt in 2024 than in any start to the year since the global financial crisis as inflationary pressures and high interest rates continue to weigh on the world’s riskiest borrowers, according to S&...
...Since 1964, Berkshire shares have returned 4.4mn per cent, far outstripping the 31,233 per cent gain by the benchmark S&P 500....
...CERAWeek, the global energy conference sponsored by S&P Global, begins today in Houston, with guest speakers including the chair and chief executive of ExxonMobil Darren Woods....
...Elsewhere on Monday… — Trading floor shut in London (New York Times, see also) — An apology for January (The Fence) — Geoff Harcourt: what Adam Smith really said (The Political Economy of Development)...
Wider GFG Alliance has struggled to borrow since the collapse of its main lender Greensill Capital in 2021
...The Office of Inspector General said Robert Kaplan and Eric Rosengren had traded securities in a way that could “cause a reasonable person to question” their “impartiality”. 4....
...Chart of the day The S&P 500 stock index yesterday crossed the milestone of 5,000 points for the first time....
...visitors’ demand for foreign currency-denominated long-term savings policies remains strong, given [the] interest rate differential between Hong Kong and mainland China,” said Billy Teh, associate director at S&...
...Prospective wildfire payouts prompted S&P Global and Moody’s to downgrade PacifiCorp’s debt ratings last year....
...Economic data: S&P Global will release its purchasing managers’ indices for manufacturing and services for February and annualised existing home sales for January will also be published....
...And here’s what I’m keeping tabs on today: Economic data: The Institute for Supply Management will release its monthly US manufacturing survey while S&P Global publishes its Mexico manufacturing survey....
...Eric Andersen, president at New York-listed broker Aon, says the relationship “is breaking down more and more”....
...Economic data: S&P Global publishes manufacturing purchasing managers’ indices for the eurozone, UK, US, Canada and Mexico today....
...In a lawsuit filed yesterday, the office of New York mayor Eric Adams said it was seeking $708mn in compensation from the companies....
...It might seem like a kick in the teeth for Eric Swider, the new CEO of the Spac, who got the deal over the line....
...Here’s what I’m keeping tabs on today: Markets: The S&P 500 will be in focus today after the US equity index closed at a record high on Friday following strong results from Meta and Amazon....
...With my colleagues Oliver Ralph and Eric Platt, I put this question to Warren Buffett, Berkshire’s chair, in an interview five years ago....
...There is the po-faced party member who has taken the surname Smith-Smith; she insists on keeping her maiden name, even though it is the same as her husband’s (she has also worked out which Smith comes first...
...Issuance of convertible debt climbed 77 per cent last year to $48bn, according to data from LSEG, making it one of the only areas of capital markets to return to pre-pandemic averages after 2022’s market...
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