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Key articles on the effect of Russia’s invasion of Ukraine on the global economy and trade
...Seattle-headquartered Microsoft is OpenAI’s main partner, having invested $13bn in the start-up, much of it in the form of credits for Microsoft’s cloud....
...He then returned to Europe, becoming chief executive of UK insurer Prudential and then Credit Suisse, which he ran from 2015 until he departed in 2020 following a corporate spying scandal....
...US credit card lender by loans....
...Canary Wharf’s owners Brookfield and the Qatar Investment Authority announced a £300mn equity infusion and a £100mn revolving credit facility for the company in October....
...a 0.7 per cent rise in the so-called core control group, which ignores spending on autos, gas, building materials and in restaurants.Even so, BofA concludes that a recent set of weak credit and debit card...
...Switzerland’s decision last year to merge Credit Suisse with UBS was an “unhelpful” way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation,...
...asset class (properly understood) is a collection of systematic risks....
...The board said 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...
...DIC Corp, a lossmaking, heavily indebted chemicals company, owns the museum and an unstated proportion of this collection....
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
...Private credit is now so big that the IMF dedicated an entire chapter in its latest Global Financial Stability Report to its “rise and risks”....
...Job moves UBS has named Alexandra Avramopoulos and Patrick Klotz as co-heads of global banking for Germany and Austria, taking over from Philip von Malsen-Plessen, who will become a vice-chair of global...
...A collection of swing states have seen price-levels outgrow wages between January 2021 and the start of this year. None of this should take away from America’s stellar headline job numbers....
...The writer is managing director at Crossborder Capital and author of ‘Capital Wars: The Rise of Global Liquidity’ The gyrations in global liquidity — the pool of cash and credit shifting around financial...
...The amount of income they need to service their debt is still kind of low, but the extra money of the lower-income folks is running out — not running out, but normalising, and you see credit normalising...
...In 2022, former Timberland global creative director Christopher Raeburn launched Timberloop for the Earthkeepers by Raeburn collection – a shoe that not only brought to market the regenerative rubber sole...
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...Unlike rivals such as Apollo Global and KKR, both of which own large insurers, Blackstone manages assets it acquires on behalf of insurers such as Allstate and AIG....
...Private equity firms that buy out companies are taking advantage of a recovery in global corporate bond and loan markets, after the Federal Reserve signalled that inflation had been sufficiently tamed for...
...“Rising physical climate risks will cause mounting economic and financial losses for governments,” Atsi Sheth, chief credit officer for Moody’s Ratings, told me....
...The ministry also said China’s “long-term positive fundamentals have not changed, and it will remain an important engine for global economic growth in the future”....
...The bank said much of the jump in loan losses was tied to credit cards and commercial real estate. The bank said it took losses on 16 different office loans in the quarter....
...Private credit is booming, nearing $2tn in assets globally. Most of that debt is being traded out of the public eye, a fact highlighted in the latest Global Financial Stability report from the IMF....
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
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