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...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
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...About nine in 10 S&P 500 stocks were trading lower as traders assessed US inflation data that was higher than expected for March....
...More companies have defaulted around the world since January than in any start to the year since the financial crisis, according to rating agency S&P Global....
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...Samsung C&T’s management, which is offering half the dividend payout that minority shareholders were calling for, has described the activist demands as “excessive”, arguing they would constrain the company...
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...KPMG also failed to properly audit journal entries across a number of subsidiary companies, the FRC said. KPMG was appointed as auditor of M&C Saatchi in 2012 and resigned in September 2019....
...Most agree that an insurance sector that took in about $12bn in premiums last year, according to figures from S&P Global Ratings, is by no means large enough to cover a systemic cyber attack....
...Insurance companies are creating demand for healthcare insurance, the fastest-growing category. Shares of AIA are down a tenth in the past year....
...S&P said companies had reported slightly higher increases in their selling prices than the previous month, driven by rising labour costs as well as increased energy and fuel prices, which “hint at stubborn...
...But over the past 10 quarters, net interest expense (that is, interest expense less investment income) among S&P companies has been steady and the recent trend is, if anything, up....
...“The median S&P 500 stock carries short interest equal to 1.7 per cent of market cap, well below the average of 2.2 per cent since 1995....
...Half a dozen of the index’s biggest companies by market capitalisation closed at record highs....
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...We do not forecast the company will generate sufficient EBITDA to cover its substantial cash interest payments....
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