Hints and tips:
...Altice USA’s chair Alexandre Fonseca has also stepped back....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...We increase our PT to £19.00 (from £12.60) reflecting a 70% 2021 P/E premium to the sector in-line with its MT top-line outperformance. H1 2020 preview....
...We cross-check our PT with a 2024E P/E multiple discounted to present value; our PT would imply a 15x P/E multiple vs 23.0x developed Sx pharma 12m forward P/E average....
...This puts the sector on a relative P/E premium of 29% on NTM+1 (Apr 21-Mar 22), 18.5x for Beverages vs 14.3x for the Market....
...S&P 500 futures contract....
...Prosecutors labelled Mr Thakkar a co-conspirator for developing a trading program that enabled Trader #1 to spoof the e-mini S&P 500 futures contract on the Chicago Mercantile Exchange....
...Its p/e is also much higher than that of its overseas rivals such as Biocon of India and Mylan of the US....
...In comparison, the US S&P 500 rose 4 per cent. Financial scandals in China are also putting off investors....
...Closing quotes Lex Apple: USA, USA Won’t somebody please think of the shareholders? Apple found no room for them in Wednesday’s 1,100 word paean to America....
...Systems Inc. ($66bn, 19 per cent)Qualcomm Inc. ($29bn, 19 per cent)Corning Inc. ($11bn, 11 per cent)E.I. du Pont de Nemours & Co. ($16bn, 18 per cent) Berkshire Hathaway has $10bn of permanently reinvested...
...Oasis Petroleum, an E&P group, is trading 4.5 per cent lower at $8.24, having tumbled by as much as 9 per cent earlier....
...In that period, the price of e-mini S&P futures contracts fell 39 basis points in just six minutes, the Commodity Futures Trading Commission alleges....
...US authorities have highlighted 12 days up to March 2014 in which his actions created artificial prices in e-mini S&P futures, derivatives contracts based on the S&P 500 index of US shares....
...A criminal complaint unsealed this week offered limited details of CME’s communication with Navinder Singh Sarao, the UK citizen accused of manipulating the S&P 500 futures contract known as the E-mini,...
...In the spring of 2013, Jobs’s successor as CEO of Apple Inc., Tim Cook, decided the company needed to borrow $17 billion. Yes, borrow....
...With the CME’s launch in 1997 of the “e-mini S&P”, a compact futures contract based on the S&P 500, investors had a smooth way of betting on the direction of the cash equity market....
...It is worth remembering that rates rallied sharply following the downgrade of the USA sovereign rating by S&P in August 2011....
...“As access to reserves gets harder, technology is the key,” says Santiago Quesada Garmendia, Repsol’s director of E&P and gas technology. “It is the key driver for the future of the oil industry.”...
...(WSJ) Currency probe looks at former RBS trader: “Richard Usher, currently J.P....
...“Although the company does not have any significant debt maturity until 2018, we are expecting it will burn its current cash holdings during 2013,” S&P said in a note....
...The trader, Matthew Marshall Taylor, in late 2007 “intentionally concealed from his employer the size of the S&P 500 e-mini futures contracts position, risk and profits and losses,” the Commodity Futures...
...Not so fast, beyondbrics Shocks combine to knock gloss off Brazil, FT After I.P.O....
...- US P/E ratios on parade. - World hunger: the problem left behind...
...Which overall puts us in agreement with George Washington University Law Professor Arthur E....
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