Hints and tips:
...PTTEP Australasia agreed to pay them A$192.5mn, the equivalent of £102mn, in compensation without admitting liability....
...But the bottom line is, financial conditions have a strong correlation with real [gross domestic product]....
...The author has holdings in F&C Investment Trust and Scottish Mortgage Investment Trust....
...financial liability in their accounts just as they would a bank loan or a bond issue....
...Sarah opened the door with a big smile and gave me a hug. She was dressed elegantly in a V-neck white linen blouse, white trousers and a pair of trainers....
...One downside is that the delay in completion could eat into the length of the fixed rate, as most products will be fixed until a specified date....
...Interest payment deadlines are looming for China’s Evergrande, whose total liabilities of $306bn amount to about 2 per cent of national gross domestic product. The fallout is just beginning....
...As always, you can reach us at Imani.Moise@ft.com or Sid.V@ft.com. Thanks for reading....
...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...
...“I saw the kimono exhibition at London’s V&A before things closed down – I often go there for inspiration,” she says....
...This is not just blind trust....
...Today’s early rally seems to be fading a bit, having always been easier to attribute to net underweight equities positioning than curve-flattening V-shaped optimism....
...Here’s CNBC, which broke the story: Rates are being cut for a number of affiliate product categories....
...And Numis: We note that both businesses are similar on paper (both c.90% retail client, c.75% UK client), but have lower product overlap than might be anticipated (main area of overlap: UK Equities)....
...These factors mean that what was supposed to be a V-shaped trajectory in AxJ would look more U-shaped....
...A lot of people would probably complain about breach of trust and the like — but complaining is to self-identify as a tightfisted wrong'un....
...Here’s Barclays to add up the damage: HSBC told us at FY19 they expect to take a c$200-500m ECL charge in Hong Kong, primarily as a result of Covid-19....
...Heading into what we anticipate to be a c....
...“It is all about trust and comprehending what is there,” says Alf Neumann, a board member at Allianz’s life insurance business....
...Containment of the number of new cases has been impressive in mainland China, and we now expect a V-shaped recovery from the second quarter onwards there....
...“This is a great success story,” said Kushner in late April. “We have prevailed,” said Trump on Monday. Economists say a V-shaped recovery is unlikely....
...The rest — treatment of capital gains, carried interest, limited liability corporations, inheritance — was a shameless giveaway in a time of mounting income inequality....
...We estimate the group entered the year with a modest cash position on a pro-forma basis but has c£250m of lease liabilities (pro-forma)....
...Finally, UBS highlighted SoftBank’s move last week to reduce its liability to a Wirecard €900m convertible bond....
...You’re It: Crisis, Change, and How to Lead When It Matters Most, by Leonard J Marcus, Eric J McNulty, Joseph M Henderson, Barry C Dorn Do you have what it takes to lead in a crisis?...
International Edition