Hints and tips:
...One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape....
...and vitamin B, and unlike some animal meat products did not contain hormones....
...A version of this article was first published by Nikkei Asia on May 25 2023. ©2023 Nikkei Inc. All rights reserved....
...That’s what I’d really like to do.’ So he’s a book nerd, like us. That’s why we like him.” This bookishness is not an act. But it is easily misread as softness, especially by Americans....
...On Thursday a US judge ordered VW’s lawyers to negotiate a “plan B” in case 85,000 3-litre cars in the US could not be brought up to environmental standards....
...I’ve actually only seen him once, at the Goodwood Concours d’Elegance, a very Ralph sort of place, but I feel, in a manly and hygienic way, that I sort of know him....
...number of Class B shares into Class A shares....
...So every night you’d watch Johnny Carson come in to da-da-da-daaaa-da. And Paul got a cheque!”...
...Some of the pieces are really mixed – we picked up the sofa from a flea market, and we integrated it with some contemporary B&B Italia chairs, a Paul Evans table and a 1940s Jean Prouvé daybed.”...
...“MF Global had a questionable business model to begin with,” says one investor. “Triple-B ratings, relatively small, very fragile access to capital markets, almost all their debt secured....
...But the rate of oil imports rose to 5.2m barrels per day, compared with 5.13m b/d in January....
...The International Energy Agency, the western countries’ oil watchdog, forecasts that oil consumption will grow this year by about 1.3m barrels a day, down from 2.8m b/d last year....
...Supply is not a worry, as the Opec oil cartel has more than 6m b/d of capacity to spare in a pinch....
...Miners provided much of the support on Friday after iron ore prices reached their highest in more than a year amid talk of Chinese demand....
...The new record, equivalent to more than half of Saudi Arabia’s daily output, is well above the previous peak of 4.1m b/d set in March 2008, when China was building oil stockpiles ahead of last summer’s Olympics...
...The US energy department estimates that spare capacity has surged to a seven-year high of about 5m barrels a day, up from 1.5m b/d last year, as demand for oil has dropped because of the impact of the economic...
...Distillate demand averaged 3.81m b/d over the past four weeks, down 9.3 per cent compared with the same period last year....
...The fall in demand expected by the IEA this year is almost double its forecast made in January of a decline of 500,000 b/d in 2009....
...According to the International Energy Agency, Opec members subject to quotas pumped in August about 30.4m barrels a day, well above the 29.7m b/d quota....
...b/d cut from December’s projection....
...Much of the fall in crude stocks was due to a large drop in imports which fell 980,000 b/d to 9.37m b/d last week....
...Norway said on Thursday that crude oil production fell in June to 1.8m b/d, the lowest level since 1994. ICE August Brent rose to a fresh 11-month high of $77.07 a barrel....
...They will find four simple bewares: (a) of high-priced acquisitions; (b) of cheap credit; (c) of market boundaries defined by history; (d) of business models scripted by regulators....
International Edition