Hints and tips:
...A win for the resolution would have advanced the company’s strategy of separating its metals business from its steelmaking coal unit....
...She succeeds Barry Meyers, who is leaving for a job outside banking....
...The Bank of Mexico’s lowering of interest rates last week was the 800th rate cut around the world since the collapse of Lehman Brothers, according to Bank of America....
...“Freedom’s your best friend,” he sang to them, calling drivers “brothers of the highway, children of the wind”. If freedom was ever a selling point, it is gone now....
...Idea carries €6.7bn of debt on its balance sheet and the merger would allow Vodafone to transfer a similar amount from group level to the new company, according to analysts at BNP....
...Julius Philipp started as a metal merchant in 1901 from his family’s Hamburg flat....
...’s biggest commodities traders will take a strong line against a new plan to limit market speculation, arguing it would derail the everyday business of buying and delivering shipments of grain, oil and metals...
...Goldman is standing firm, though it may sell its metals warehousing business that attracted controversy over delivery delays....
...The surprise of this piece is that it’s mixed media, with oval pieces of printers’ plates and bits of aluminium roofing sheets, as well as those trademark bottle-tops....
...A pension fund for Ohio-based sheet metal workers argued that banks’ “collective dominance” inflated CDS prices by about 17 to 34 times compared to more transparent exchanges....
...gregory.meyer@ft.com...
...As an inflation hedge, investors ploughed into precious metals. Mr Rosen agreed with the implications of capital flooding into markets, but he had not yet seen evidence of inflation....
...In response to the evolving financial crisis central banks have expanded their balance sheets phenomenally through unconventional policies such as quantitative easing....
...Additional reporting by Gregory Meyer and Javier Blas...
...Gore Brown saw similar resilience in “companies with strong balance sheets, excess operating cash flow, and a consistently increasing dividend”, such as BAT and Vodafone....
...If we compare to events earlier in 2008, however, before the collapse of Lehman Brothers on September 15, then the parallels indeed grow disquieting. The world faces two separate but related issues....
...The failure of MF Global, with its $41bn in assets – the eighth biggest bankruptcy in US history – is modest compared with the chaotic failure of Lehman Brothers, which had a $691bn balance sheet, in 2008...
...In this situation you’re not going to see people running pedal-to-the-metal, fully-allocated portfolios.”...
...This pushed US stocks to their highest level since June 2008, a few months before the collapse of Lehman Brothers. It also propelled commodities , especially precious metals....
...The simulator has a 1970s feel, with large sturdy metal consoles and chunky Bakelite switches....
...“Net debt …is relatively low and gives the company substantial room for further mine development and potential acquisition,” said John Meyer, analyst at Fairfax....
...Base metals fell across the board after China tightened monetary policy. LME copper moved down 1.5 per cent to $7,550 a tonne....
...The most famous “great but lucky” move was the opportunistic swoop on the US assets of Lehman Brothers....
...Paulson & Co, the large New York hedge fund manager, is starting a new gold fund as prices for the metal hit record highs....
...Concern about the fragility of the world’s banking system following the credit crunch and implosion of Lehman Brothers last year drove many investors to look to physical metals for a haven from unprecedented...
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