Hints and tips:
...Rating agency Fitch downgraded its outlook on China from “neutral” to “negative” last week, citing “property-reliant growth” as a source of increased uncertainty....
...Larry Summers calls it “bizarre and inept”, Jason Furman says it’s “absurd”, Mark Zandi argues it’s “off base”, Mohamed El-Erian calls it “a strange move” while Janet Yellen says it was “arbitrary and based...
...The initial plan today had been to reflect on Fitch’s downgrade of US debt, but we could find no reason to dissent from the consensus view of the rating agency’s view: that the report is both irrelevant...
...Rating agency Fitch yesterday downgraded the country’s debt deeper into junk territory....
...Holdings of the most liquid assets in sterling money market funds have also risen this month, according to Fitch, the rating agency....
...Six private equity versions worth $3.6bn in total were issued between 2003 and 2006 according to the ratings agency Fitch....
...“Public hospital emergency rooms in various districts are already severely overloaded,” said Larry Lee, a chief manager at Hong Kong’s Hospital Authority....
...Fitch also stated that Kaisa, another heavily indebted developer, was in restricted default. 4....
...However, BlackRock’s Larry Fink recently predicted that this number would rapidly swell, arguing that “the next 1,000 billion-dollar start-ups will be in climate tech”. Others agree....
...Moody’s followed S&P Global and Fitch in withdrawing credit ratings for Russian entities....
...The global outlook “for monetary tightening has increased notably, as has the potential for stagflation,” says Fitch, the credit rating company....
...Larry Fink, chairman and chief executive of BlackRock, and David Solomon, CEO of Goldman Sachs, were among 160 business leaders who voiced concerns about the nature of the transition in a letter....
...Brian Coulton, chief economist at Fitch Ratings, said another strong jobs report underscored the resilience of the US services sector, “at least until February”....
...Other returning financiers include Larry Fink, chief executive of BlackRock, and Tidjane Thiam, chief of Credit Suisse, according to a list of speakers....
...Rating agency Fitch said it expects record default levels this year due to increased refinancing pressure and poor investor sentiment caused by the trade war....
...However, Larry Kudlow, White House economic adviser, insisted that the US economy was “in pretty good shape”, telling Fox News: “I don’t see a recession at all.”...
...General Electric expects “negative” free cash flow from its industrial operations, chief executive Larry Culp has said, raising concerns about the performance of the group’s core manufacturing and service...
...The downsizing of GE’s ambitions is a sign of the efforts being made by Larry Culp, the new chief executive who took over last October, to cut costs to strengthen GE’s weak financial position....
...From Danone, the purpose-driven French yoghurt maker, we heard that there is still a disconnect between what asset managers say and do (“I’ve been receiving letters from Larry Fink, but apparently his portfolio...
...Despite a cut in the quarterly dividend from 12 cents to 1 cents announced last month, the credit rating agencies Moody’s and Fitch followed S&P in downgrading GE by two notches....
...Larry Brainard, emerging markets economist at consultancy TS Lombard, drew a comparison with Argentina, which last year ran into similar financing difficulties, but has since managed to stabilise the peso...
...He lasted only 14 months as chief executive after succeeding Jeff Immelt in August last year, being replaced by Larry Culp, the former chief executive of Danaher and GE’s lead independent director since...
...Larry Culp, the new chief executive who took over last month, has signed up to the plan the group set back in June of separating off the healthcare division, but the company has left open the question of...
...Moody’s and Fitch have also put the company under review for a possible downgrade....
...On the call, Larry Culp, GE’s chief executive, said the group had “no plans” to sell shares to strengthen its balance sheet. Some analysts, however, still see it as a possibility....
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