Hints and tips:
...The settlement with 33 states and Puerto Rico will resolve one of the biggest legal threats facing Juul, in which Altria has a 35 per cent stake....
...The figures for a suite of five European-domiciled fixed-income ETFs ranged from 80-89 per cent, except for one corporate bond fund that actually saw net inflows during the crisis period....
...Bonds issued by Illinois, New Jersey, New York’s transit authority and even the US territory of Puerto Rico have rallied since the election....
...When Hurricane Maria pulverised Puerto Rico in 2017, he delivered more than 3.7m meals across the stricken island — often putting the combined emergency relief of the far larger Federal Emergency Management...
...(Bloomberg) News round-up ExxonMobil weighs sale of Malaysian offshore assets (BBG) Thomas Cook’s shops bought by Hays Travel (FT) AT&T to sell Puerto Rico business as it looks to pay down debt (Wall...
...After a spectacular rally last year, Puerto Rico’s paper is gradually starting to sell off. Puerto Rico’s rollercoaster ride is the exception, though....
...In the hour-long podcast, Mr Paulson touched on topics including his bet on Puerto Rico as a tax haven, his support for US President Donald Trump, his push for the government to privatise Fannie Mae and...
...The New York Federal Reserve has frozen new Puerto Rico offshore banking account approvals amid federal money laundering investigations related to the Venezuelan sanctions....
...Not insignificant; say a bit more than the face value of Puerto Rico’s debt. There are several ways to make money with an MSR....
...The political class and the general public seem to have unrealistic expectations about how quickly Puerto Rico can be fixed....
...David Meline, Amgen’s chief financial officer, attributed the earnings miss to additional costs related to recovering its plants in Puerto Rico following Hurricane Maria....
...That could be a nod to recent events in Puerto Rico, where customers were caught out after using loans secured against portfolios of government bonds to buy more government bonds....
...As an appointee in the Obama Administration, Weiss became the White House’s point-person on its response to the growing fiscal crisis in Puerto Rico, alongside US Treasury boss Jack Lew....
...Rico and wildfires in California....
...To compound matters, Baxter, the largest manufacturer, has struggled to recover after Hurricane Maria battered its production facilities in Puerto Rico....
...While the president was complaining that hurricane-hit residents of Puerto Rico “want everything to be done for them”, Ashtead was busy doing it: deploying 850 generators to the island to restore power....
...Rico — many more than experts predicted....
...The UK Takeover Panel, which uses a code book to govern most M&A involving a publicly traded UK target, has proposed a series of tweaks to its rules to fine-tune the statements of intent a bidder makes vis-à-vis...
...Shawn Matthews, chief executive of Cantor Fitzgerald, a mid-sized broker-dealer, noted that the threat of mark-to-market losses on bonds tied to Puerto Rico, and the energy sector, had made investors more...
...– From the NYT again: “The teachers’ pension fund in Puerto Rico looks very much like a legalized Ponzi scheme — one that might hold a warning for teachers across America....
...Rico and several other islands of the Caribbean....
...Even many people on the fixed income buyside have a hard time caring about their hedge fund colleagues....
...Further reading: - On municipal bonds - On equity fund outflows - On a possible upside in May for equities - On Washington’s emergency bill for Puerto Rico - *Inflows to municipal bond funds were at...
...Policymakers now argue that funds set aside for Cofina should be used to service Puerto Rico’s $49.2bn debt pile, including general obligation bondholders who enjoy a constitutional guarantee....
...You have stage payments, because they won't pay you all the money upfront in case you go off to Puerto Rico and don't build the place....
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