Hints and tips:
...In the years leading up to the GFC, large banks and other financial institutions acquired a substantial amount of life settlements that were owned on their balance sheets....
...Higher interest rates will favour the equities and bonds of companies with superior balance sheets. Fears over security and inflation will benefit commodities as well as tech companies....
...Using financial engineering, Apollo created an off-balance sheet gizmo based in the welcoming climes of Bermuda....
...Brazil’s industry ministry has in the past six months opened at least half a dozen probes into alleged dumping of products from China’s manufacturing industries, ranging from metal sheets and pre-painted...
...When debt was cheap, masts — the metal structures on which radio antennas sit — were some of the most valuable assets in telecoms, trading at high multiples and offering private investors attractive returns...
...And in Clapham, Sergison Bates architects have turned a former sheet-metal workshop down a mews into nine private apartments of various sizes, arranged around a courtyard space....
...A notable example of this was the growth of mortgage debt which has gone from around 10-20 per cent of gross domestic product to more than 100 per cent in many countries....
...Yet, by expanding its balance sheet when it was committed to balance sheet shrinkage in the interest of normalising interest rates and curbing inflation, the BoE planted seeds of doubt in the minds of some...
...They are now looking to merge or sell stakes in these assets, which will allow them to keep a stake in the profitable business, while also moving debt off their balance sheet....
...These are the first steps towards restarting the country’s iron and steel industry, which — including supply-chain accounts — makes up nearly 10 per cent of gross domestic product and employs half a million...
...And only a 5.7 per cent fall in the subsidiary’s gross tangible assets would have made the whole GE Group technically insolvent.)...
...The proposal is due to be discussed at a board meeting of Oyu Tolgoi LLC....
...Regulator BaFin said the Bremen-based lender “was unable to provide evidence of the existence of receivables in its balance sheet that it had purchased from the GFG Alliance Group”....
...A decades-long borrowing-to-build binge has resulted in 90mn empty apartments and total outstanding debts of $5tn — a third of China’s gross domestic product....
...“If you look at pharma, chemical production, machine building, metals and mining . . ....
...Still, how does Powell (and Washington) get there, and for how long do they keep their “pedal to the metal”?...
...The company had just $100m of gross profits in the first quarter, so expect the impairment to really bleed through to its bottom line when the second-quarter results hit in mid-summer....
...It paid enormous fees to the private equity group, which was responsible for managing most of its balance sheet....
...Metals trading was also strong thanks to a quicker recovery from the pandemic by economies in Asia and particularly China — the world’s biggest consumer of copper and other metals — boosting demand and prices...
...Submitting the $359 bill to Apollo, Mr Rashid falsely claimed that he had been dining with a chief executive of a sheet metal manufacturer owned by the group....
...“In terms of gross profit we did very well and our balance sheet is stronger,” said Mr Törnqvist, adding that the second quarter of 2020 was probably the “best on record for the industry.”...
...Smart reads Precarious metals Mike Nowak’s precious metals trading desk was a diamond fixture in JPMorgan’s crown, until one of his former employees turned on him and told US authorities about systemic...
...And since our FT colleagues Anna Gross and Jemima Kelly delved into iAbra’s colourful connections, TT Electronics’ share price fell almost 14 per cent, our Alphaville blog points out....
...In 2014-15 there was a deflationary scare in China, as falling oil and metals prices cut costs for China’s factories....
...Similarly, the link between nominal gross domestic product or inflation and the growth of credit aggregates (bank lending), is weak and unstable....
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