Hints and tips:
...to c.$1.2bn....
...Some would probably argue that more information is not the same as better information . . . but c’mon....
...Rating agency S&P downgraded the company three notches on Thursday to triple C on “non-payment risk” and estimated it had only $200mn, or half the required funds, currently available....
...P Soleil d’Or gives bright yellow berries on red stems, and P rogersiana Flava has glossy yellow fruits....
...A Harvard Business Review analysis from 2021 estimated that bad chief executive and C-suite successions wiped out $1tn in market value from the S&P 1500 a year....
...Hundreds of finance nerds gathered in Painters’ Hall last night for the latest instalment of the FT Alphaville pub quiz....
...The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point by Michael Hudson (Islet) This is Hudson’s second volume in a trilogy on the political economy of debt....
...were a couple – in both business and life – who had recently created the Edition in London for Ian Schrager, and were hard at work on their first Park Hyatt, which opened in summer 2014 opposite Carnegie Hall...
...Wall Street’s broad-based S&P 500 share gauge had its best close in roughly a month, ending the day 1.2 per cent higher, after gaining more than 2 per cent on Wednesday....
...Hall Findlay says the carbon capture element of the project could cost C$14bn in capital and operating costs....
...Fitch and Moody’s also joined rival S&P Global in cutting Russia’s sovereign credit rating to junk....
...S&P lowered its rating of the company, which has $88m in coupon payments due by Friday, to triple C minus, saying it “may not be able to service its debt in time” and pointing to a potential debt restructuring...
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...Fantasia was last week downgraded to triple C by S&P, which noted “heightened execution risk on repayment” in relation to the bond due on Monday....
...Fitch on Wednesday became the latest group to issue a warning, slashing Evergrande’s foreign currency credit rating from triple C plus to double C and saying that a default of some kind “appears probable...
...S&P Global Ratings cut the company’s rating by two notches to triple C this month....
...Additional reporting by Wang Xueqiao in Shanghai and Hudson Lockett in Hong Kong...
...S&P Global Ratings the same month downgraded the company’s credit rating to triple C, deeper into speculative territory....
...The tech-focused Nasdaq Composite shed 2 per cent, wiping out the last traces of the August rally, with the benchmark S&P 500 index sinking by a similar degree....
...It’s also one of the only places to still enjoy p’tcha (jellied calves’ feet), but interested parties should call in advance to confirm availability....
...Schools are having to deal with student unhappiness about overseas study trip cancellations and the replacement of lecture hall teaching with Zoom calls....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...Ben Hall explains what’s behind the unrest. (FT) Amazon, Alphabet, Apple, Microsoft and Facebook now account for about what percentage of the S&P 500? Take our quiz....
...Menswear Illustration by Richard Kilroy (Thames & Hudson)....
...And check out a potato plant brought back from abroad by a C. Darwin....
International Edition