Hints and tips:
...from China....
...Credit rating agency S&P Global downgraded Ethiopia’s debt to default on December 15 after the initial deadline for payment was missed....
...The value of short positions against Argentine bonds lent by international custodian banks is currently $41mn, a sharp increase from $25mn ahead the mid-August vote, according to data from S&P Global Market...
...US flexible offices group WeWork was recently downgraded to CC, one notch above a C rating. A C signals a default may be imminent....
...The investment was funded through the sale of a logistics company he had founded in his twenties after returning from a stint with P&O Ferrymasters in London....
...Need to know: global economy Industrial output in China rose 6.6 per cent year on year in November, while retail sales came in lower than expected, rising 10.1 per cent....
...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....
...A: Sean Combs/P Diddy/Puff Daddy/Puffy/Diddy Which high street lender has Nigel Farage opened accounts with after being cut off by Coutts?...
...“Even if China is removed from the 1990-2019 data set, global poverty has been reduced by almost two-thirds,” he explains....
...Exclusive: A C$400bn Canadian pension fund has stopped making private deals in China and is closing its Shanghai office, following other large investors in dialling back activity in the world’s second-largest...
...Overall, shipments of lithium-ion batteries to the US jumped 99 per cent in 2022 from the previous year, with China’s share of imports growing from 70 to 80 per cent, according to S&P....
...This makes her one of a small handful of professional economists who understand China from the inside....
...Take, for example, triple-C bonds’ yield spread over Treasuries. These are the junkiest junk bonds....
...Similar low-cost Covid policies offered by Alibaba- and Tencent-backed ZhongAn Online P&C Insurance and midsized Yong An Insurance have also been removed from current product offerings....
...The S&P 500 is up 11.8 per cent since then through today’s close . . . It is back slightly above its 200-day moving average....
...The purchase price of C$43 per Turquoise Hill share is a 67 per cent premium from the day before the initial offer was made....
...The last 15 years alone have seen the global credit crunch, the sovereign debt crisis in Europe, Brexit and US-China trade tensions....
...In US equity ESG funds, Apple and Microsoft are the top dogs, but both underperformed the S&P 500 in 2022. Tesla, another ESG darling, shed almost two-thirds of its value in 2022....
...The wireless keyboards need to be charged with a USB-C cable, but they can stay powered for up to 15 days on a full charge — or up to 10 months with backlighting turned off....
...Roughly 80 per cent of the more than 430 S&P 500 constituents that have reported first-quarter results beat estimates....
...S&P downgraded its ratings on Evergrande’s bonds from B plus in January to double C by September, before they were removed at the request of the company last week....
...The increasingly fraught US relationship with China, which sent few delegates because of its zero Covid policy, was the other....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...In its final report on Oceanwide early last year, S&P lowered its rating to triple C and warned of the “rising repayment risk of Oceanwide’s near-term debt maturities”....
...But at an eye-watering C$75bn ($50bn) price tag for the project, the companies also want Alberta’s provincial government to help....
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