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...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...Israeli human rights group B’Tselem says 620,000 Jewish settlers are living in East Jerusalem and the West Bank, which have been occupied by Israel since the six-day war in 1967....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...One perspective is that the UK just got lucky: 2012–2013’s mortgage market wouldn’t have weathered the post-pandemic rate cycle anywhere near as smoothly as 2022–23’s mortgage market did....
...That’s why more progress needs to be made in various multilateral forums dealing with these issues, including through the G20’s Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative...
...Because banks are financially more sophisticated than households, governments adopt consumer-protection laws to safeguard their interests. But not all borrowers are protected....
...The overall effect is to make commercial banks even more sensitive to interest rates: [I]f banks were to replace these deposits with wholesale funding, at [euro short-term rate], which is currently around...
...In a boost to households hit by the cost of living crisis, survey respondents said they expected to lift prices by 3.7 per cent in the year ahead, down from 4.1 per cent in February and the lowest since...
...The stellar performance of a handful of tech names have helped the S&P outperform European benchmarks, not just in the past year but the past decade....
...For the European Central Bank and the Bank of England, which recently signalled that they could cut policy rates before the Fed, the relative decline in the euro and pound — which adds to inflationary pressures...
...The bank booked a net profit of S$1.6bn (US$1.2bn) for the October-December quarter, up 12 per cent from the same period in 2022, even as the lender expects “low single-digit loan growth” in 2024....
...Ramki Muthukrishnan and Ruth Yang, who cover leveraged finance for S&P, agree this is best understood as the gradual restoration of competition, rather than banks surging into the lead....
...I would say simply that if you keep the cost of capital high, page one in your finance textbook will tell you that will have some consequences for households and firms that have a lot of debt, and on banks...
...The writer is chief economist at German bank LBBW and former chief ratings officer at S&P A debt crisis is ravaging what has been dubbed the “global south”....
...In a curtain-raising speech, Georgieva foreshadowed that adjustments to the G20’s Common Framework for debt treatments would be a focus this week....
...The Bank of Japan calculates that only 13 per cent of Japan’s liquid household assets are in equities, against more than 40 per cent in the US and 21 per cent in Europe....
...EU households keep a third of their financial assets in cash, estimates New Financial, a think-tank....
...The US S&P 500 was little changed following the previous day’s losses....
...“Deposit rates cut[s] will immediately lower banks’ pressure in making some profit,” said Dan Wang, chief economist at Hang Seng Bank China....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...The S&P 500 hit a new record last week, in part down to the rosy economic outlook....
...issuing corporate bonds and borrowing from banks”....
...If anything, Kraemer argues, the credit rating agencies have been rating too generously, evidenced by figures showing the default ratio for B-rated African countries has historically been much higher than...
...Likewise, S&P Global Mobility surveys suggest stable EV loyalty, measured as the share of EV owners whose next car was an EV, especially for Teslas....
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