Hints and tips:
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...clay and addiction recovery” — as an example....
...Oxy reckons its expertise in enhanced oil recovery — in which carbon dioxide is injected into the earth to release more oil — will give it a leg-up as the world scrambles to find ways to store carbon back...
...Guedes said the country had entered a “V-shaped” recovery and would grow as much as 2.1 per cent next year, aided by investment commitments from the private sector of more than $100bn....
...Lululemon, the upmarket leggings and sweatpants company, also announces results....
...The latest move to address shortages could involve approving Russia’s Sputnik V inoculation....
...“All of these companies have just returned an absolute killer of a quarter,” said Youssef Squali, an internet analyst at Truist. “The recovery curve is just a lot sharper than any of us expected....
...The decision came on the eve of a vote in the House of Representatives as early as Friday to approve the US president’s package, which will deliver a big fiscal jolt to the US economic recovery....
...Without wanting to overstate it, I think theatre has a part to play in the mental health recovery of our country, not just the economic recovery.”...
...(FT) US loosens Huawei curbs The US is allowing chip companies to supply Huawei with non-5G components, people briefed by Washington said....
...As a result, the prospects for a V-shaped recovery have brightened....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...Though Britain’s response to coronavirus has been riddled with flaws, one institution has emerged with its reputation enhanced: the NHS....
...The UK’s debt debate Since lockdown began in March, much time has been spent pondering the shape of Britain’s recovery. Will it be a V-shaped rebound, or some troubling variety of a U?...
...Struggling companies such as Ford, Boeing and Carnival were able to refinance — and shares of all three are up. The move encouraged stock traders. The equity rally started the next day....
...Many seem to have gravitated to a general “win-win” market positioning that bets on either a V-shaped economic recovery, the effectiveness of central banks’ backstops, or both....
...Appearing via video link from a locked down Madrid, Ms Botin said those estimates were based on a “V-shaped” recession — a sharp shock followed by a rapid recovery, but stressed this was only one possible...
...“I don’t think it’s a V-recovery,” he says. “An elongated U is perfectly possible. I’m a conservative. I plan for the worst and hope for better....
...[T]he impact of the lockdown followed by a V-shaped recovery [suggests] European profit could contract by between 14% and 35% in 2020 depending on the length of the lockdown....
...pre-software intangibles write-down and FX) but the materially higher-than consensus impairments as well as the very cautious outlook commentary outweigh the positives on revenues and costs; 2) Revenues were 3.4%v...
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...However, the two forecasts in the market (other than ours) that were formulated post-outbreak expect a V-shaped recovery (sales densities higher in FY21 than in FY19) and that feels very bullish to us....
...A ‘V’-shaped recovery in global activity may well ensue in the coming quarters, and propel equities beyond their recent peaks, while weighing on havens such as gold, the US dollar and sovereign bonds....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...The announcement from Nissan followed news from Ford that profits were down sharply in the second quarter and Tesla was cutting prices....
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