Hints and tips:
...Mainstream investors like Fidelity, T Rowe Price and BlackRock are also exposed. Read more on the options open to ByteDance’s US investors....
...“We are watching this . . . very carefully to see if something breaks,” said Salman Ahmed, global head of macro at Fidelity International....
...Green transition: Indonesia’s president has called on the west to release a promised $20bn to finance his country’s green energy transition....
...Think again: today’s the day for an international strike of gig workers on traditionally their busiest night of the year....
...Spanish central bank chief Pablo Hernández de Cos said higher borrowing costs from the recent bond market rout supported a pause in the European Central Bank’s programme of interest rate rises....
...When Norbert was on release, he lived in a cramped apartment with their mother, who dedicated herself to his care....
...Early on, Apollo paid cents on the dollar for bonds Drexel clients had purchased at full price....
...The results are so spectacular that, when he posed nude on the cover of Vanity Fair as Rodin’s “Thinker” the year of its release (under the headline: “Sly’s Body of Art”), you could have mistaken him for...
...But these sanctions included yet another onerous clause, widening the ban on shipping insurance to any vessel that had ever carried “uncapped” Russian oil....
...“By international standards, we’re all too small,” says Weston....
...Kwarteng has already announced the scrapping of a cap on bankers’ bonuses and he told the financial services leaders that he would “sort out” Solvency II, the EU regulations covering the insurance sector...
...But the mandatory scope 3 disclosure imposed by the EU will put a new kind of pressure on the auto industry to release accurate information on emissions....
...“[Fosun] and its subsidiaries have established partnerships with more than 100 Chinese and foreign banks around the world and have signed strategic co-operation agreements with many international banks and...
...The fate of this crucial insurance cover will rest, in part, on the practices of a small, Sydney-based credit underwriting firm, The Bond & Credit Co....
...Has the mortgage market or insurance priced this in? Yin does not comment. But this is the question Moral Money readers need to ask; never mind the realtors selling those beach homes....
...Cruise’s character was always a curious vessel for this kind of rule-abiding American power, not least given his unwillingness to follow orders....
...As Madison Darbyshire in New York reported recently, many Robinhood customers use the app for their “fun” money but keep their “real” money on a more traditional platform such as those of Fidelity or Charles...
...The proposed capital injection for Huarong prompted a rally in the company’s bonds on international markets, where it has borrowed more than $20bn....
...Euler, Coface and Atradius make up about three-quarters of this market segment, according to the International Credit Insurance & Surety Association....
...The failure to release its financial accounts for 2020 and uncertainty over the Rmb1.7tn ($261bn) of assets on its balance sheet has triggered wild swings in the $22bn of dollar-denominated bonds the group...
...But no official confirmation came in September, when angry retail investors descended on its headquarters and the group failed to pay international bondholders....
...PFA also owns bonds worth $45m issued by Japan Bank for International Cooperation as well as $112m of bonds issued by Export-Import Bank of Korea....
...Credit Suisse kicks off Greensill claims The Swiss bank is preparing its first insurance claims on losses stemming from its $10bn of funds tied to collapsed finance group Greensill Capital....
...Economic data and central banks The US Department of Labour releases its non-farm payroll data for April on Friday....
...The International Capital Markets Association (ICMA) is working on its own set of “sustainability linked bond principles”, and Japan’s environmental ministry has published green bond issuance guidelines....
International Edition