Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Some companies just want brand visibility and some investors are just cashing out,” said Motilal Oswal, chair of Motilal Oswal Financial Services, a Mumbai based brokerage and mutual fund company....
...US president Joe Biden and his Russian counterpart Vladimir Putin will meet in Geneva on Wednesday for talks aimed at arresting a rapid decline in relations between two countries beset by mutual distrust...
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...Copper and lithium miners and potash producers are most attractive from an M&A perspective, if deals can be done at reasonable prices....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...We lower our rating to Neutral. 11:35am GMT - At some point soon the wires will stop flashing every single time a financial institution or >$1bn EV company shifts to a work-from-home policy after someone...
...estate and hotels, as well as insurance and financial services”....
...Others are more frivolous: Yasuda Kasai, the Japanese insurance company, paying $40m for Van Gogh’s “Sunflowers” in 1987; and Chinese billionaire Liu Yiqian’s 2015 purchase of a Modigliani painting for $170m...
...Intraday In the US index futures suggest the S&P 500 will shed just 1 point to 2,362, when trading gets under way later in New York....
...Meanwhile, Baxter International, the US healthcare company, found itself in the crosshairs of activist investor Daniel Loeb’s Third Point, a day after the company’s recently spun-off biopharmaceutical division...
...It’s a busy week for the insurance industry, where Mr Hester now does his stuff....
...He points to loopholes in registries such as those planned in the UK which apply only to companies....
...The mandatory savings are supplemented with tax-advantaged voluntary schemes known as Ahorro Previsional Voluntario, or APV accounts, in which assets are invested in private sector mutual funds or insurance...
...At that point, operators do have an expressed interest in portraying the markets as being tighter in the future than they really are....
...Six months later the bank failed and the Federal Deposit Insurance Corp, the regulator, sold WaMu to JPMorgan....
...Formerly, mutual funds would charge investors up to 2.25 per cent entry load. The asset management company would also pay an additional 50-100 basis points to distributors as a form of commission....
...Miners weighed on the wider market, leading the FTSE 100 lower by 0.6 per cent or 31.8 points to 5,593.85....
...Now one of his strategies is to buy moderately out-of-the-money put options with a one-year time horizon, betting that a correction will come at some point in the coming year....
...So good managers will continue to go to the end of the hedge fund business, and I can assure you that most of us in the hedge fund business would rather compete with a bank, an insurance company, a mutual...
...“I think the bigger holders now of securitisations are insurance companies and pension funds.”...
...The insurance market now preaches the virtues of underwriting discipline at every opportunity....
...Over the week, the blue-chip index gained 6.5 points, while the FTSE 250 added 112 points, or 1.8 per cent....
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