Hints and tips:
...They mostly track the big indices such as the S&P 500 and the Nasdaq 100, and the industry is nearing $10tn in assets under management....
...Citi’s share price fell 25 per cent in 2022, underperforming the benchmark S&P 500 index, which fell 19 per cent....
...S&P Global’s US composite purchasing managers’ index was the trigger for the sell-off....
...Chief executive Jane Fraser on Friday said the bank “will be ending nearly all of the institutional banking services we offer (in Russia) next quarter”....
...transaction services....
...New chief executive Jane Fraser announced that the US lender would shutter its consumer operation in thirteen markets, including the likes of Australia, India, China and other parts of Asia....
...Staffordshire, England Polymath 1,040: Patricia Blakemore, West Midlands, England Crossword 16,272: Martha F Browne, New York; Sean Putnam, Wellingborough, UK; Richard Cauman, Knoxville, US Polymath 1,039...
...asset is the quality and integrity of our credit ratings / From Michael West, President, Moody’s Investors Service, New York, NY, US...
...The fund manager owns shares worth $306m in CoreCivic and $335m in Geo, according to S&P Capital IQ, the data provider....
...An index of large-cap US department stores has lost 35 per cent of its value this year, making it the worst-performing subsector in the S&P 500 index....
...In the end, 320 foreign creditors claiming $4.7bn took massive haircuts on their investments, according to the book Red Capitalism, by Carl Walter and Fraser Howie....
...matthew.vincent@ft.com This article has been amended since initial publication to clarify Disney’ s news and consumer offerings....
...Lara Blecher is engagement services executive at Pirc, the proxy adviser...
...House of Fraser became the latest UK department store to report a difficult Christmas trading period with revenues, with even online sales in decline....
...Markets at 0810 GMT Asian markets Nikkei 225 down -63.62 (-0.28%) at 22,694 Topix down -2.70 (-0.15%) at 1,808 Hang Seng down -74.28 (-0.25%) at 29,148 US markets S&P 500 down -1.26 (-0.05%) at 2,663 DJIA...
...“If an active manager is not generating returns that are reliably better than the market, then they have no business charging a fee for their services,” he says....
...For example, good service sector numbers yesterday were deemed to show companies were “shrugging off the Brexit vote shock”. They might equally have had a randomly good month....
...It also has a relatively modest physical estate with just 32 full line stores and has introduced a variety of services into its outlets, from spas to opticians....
...It has said it is considering significant changes to its news service to aid publishers struggling to make money online....
...Nasdaq has been pushing into corporate services to diversify beyond equities trading and market listings but the move has come with high profile missteps....
...The S&P 500 ended the session flat at 2,039.82, the Dow Jones Industrial Average fell 0.1 per cent to 17,634.74 and the Nasdaq Composite rose 0.2 per cent to 4,688.54....
...Good morning New York, FT ALPHAVILLE Ukraine — call the sovereign debt cops: Joseph directs us to an announcement by the Ukrainian Security Service on Thursday that it has opened an criminal investigation...
...Hence the attraction of “capital-lite” services, such as advising customers on managing consumption, or installing energy-efficient boilers or batteries in their homes, he says....
...However, the tie-up excludes Vodafone’s M-Pesa (Swahili for mobile money) service....
...Lance Uggla is the founder and chief executive of one of the UK’s most successful privately held companies, and yet, unless you work in financial services, you may never have heard of either Mr Uggla or...
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