Hints and tips:
...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....
...Campaigners and politicians have also called for curbs on executive pay as the gulf widens between the C-suite and lower level employees....
...S&P Global Ratings downgraded Evergrande this month to triple C, deeper into speculative grade territory, as it noted a recent rise in contractor disputes....
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...A motivational speech commonly attributed to preacher Eric Thomas....
...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....
...S&P lowered its rating of the company, which has $88m in coupon payments due by Friday, to triple C minus, saying it “may not be able to service its debt in time” and pointing to a potential debt restructuring...
...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”....
...Fantasia was last week downgraded to triple C by S&P, which noted “heightened execution risk on repayment” in relation to the bond due on Monday....
...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...
...S&P Global Ratings the same month downgraded the company’s credit rating to triple C, deeper into speculative territory....
...S&P estimates Rmb100bn ($15.4bn) of them come due this year....
...Reporting by Thomas Hale, Wang Xueqiao and William Langley...
...S&P Global Ratings cut the company’s rating by two notches to triple C this month....
...Late on Thursday, S&P Global Ratings downgraded Evergrande for the second time in weeks to triple C minus, deeper into speculative grade, and said that the developer’s liquidity position was “eroding more...
...But the overall combined ratio for the P&C business — claims and expenses as a proportion of income — came in at 95.2 per cent, a 1.3 percentage point year-on-year improvement....
...Sony, Japan’s tech giant, obtained the highest score, but the grade was nothing to be proud of: C+....
...hotel (Wall Street Journal) S&P’s $44bn IHS deal set to win EU antitrust approval (Reuters)...
...Thomas Pugh: Not in 2023, but it is likely to have to raise taxes further ahead....
...Peter Shaw, who owns medical equipment supplier C&P Medical, said he had been relying on a shipment of safety needles now caught in Calais to build up essential government-mandated medical stockpiles ahead...
...Jonathan Moules' business news Thomas Carlyle branded economics the dismal science long before anyone thought of MBAs and business schools....
...Macdonald Capital and Ideology by Thomas Piketty What’s Wrong with Economics: A Primer for the Perplexed by Robert Skidelsky Economic Dignity by Gene Sperling A World Without Work: Technology, Automation...
...Zant-Boer, Farthingstone, England Crossword 16,338: Ailsa Bolton, France; John Morrissey, Surrey, England; RK Ajayakumar, Croydon, England Polymath 1,050: Anthea Sinclair, Edinburgh Crossword 16,332: Thomas...
...Tencent direct is our preference (Thomas Chong’s recent PT hike)....
...Capital and Ideology Thomas Piketty, Belknap Press, RRP$39.95/£31.95 Only Thomas Piketty would dare to write a book of more than a thousand pages in the confident expectation that it will become a bestseller...
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