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...The UK’s joblessness rate is set to rise only to 4.4 per cent in 2024 and 4.5 per cent in 2025 from its near 52-year low of 3.9 per cent....
...“Shein is finding its merchant lock-in has been less robust than expected in light of Temu’s advances,” said Robin Zhu, an analyst at Bernstein....
...(Russia’s current account surplus is forecast to be 4 per cent of GDP this year by the IMF.)...
...We est. the value of the Services LOB (est. 1/4 of core revenues) at about 4/5 of Citi’s market cap ($75B vs $99B as of Dec. 29, 2023) assuming a P/E of 12-13x on 2024E earnings of $6B....
...They include universities in the US and Hungary, shipping and construction groups in Italy and manufacturers in Germany....
...Only 1/4 of FT Alphaville takes a special interest in anything Norwegian, and probably even fewer readers....
...Jefferies notes that Blackstone — a bellwether for the private equity industry — marked the value of its portfolio up by 2.4 per cent in the third quarter, and said this indicated that: . . . despite the...
...Base rate + 800 bps is a lot easier to handle when rates are near zero than at 4-6 per cent....
...By 2009 it was over 4,500 a day – and climbing. Shah: It took the Vix going to 88 — a number it had never scaled before, except perhaps outside the 1987 crash — for the world to wake up....
...Patenting in important technologies, as well as a patent-based aggregate innovation index, declines by up to 9 percent in the following 2 to 4 years....
...Since March, Baidu has released a series of upgrades, most recently unveiling Ernie 4.0, which Li claimed was comparable to OpenAI’s GPT-4. But the local competition is now rapidly catching up, too....
...The near-term impact of the Act is estimated at USD70 billion (0.3% of GDP) in 2024 and USD112 billion (0.4% of GDP) in 2025....
...Because Treasury securities are such an important asset class, most investment mandates and regulatory regimes refer to them specifically, rather than AAA-rated government debt. 4....
...and then $4.3bn of 2025 maturities. With that level of debt burden, it seems, uh, possible that $2.3bn or $3.3bn could make a difference....
...But the vessel’s nationality is far more complex, highlighting the murkiness of ownership structures in shipping....
...QUAL returned 30.9 per cent last year, beating the S&P 500 by 4.6 percentage points....
...At pixel-time, Substack has raised $5.5mn from 4,649 individual investors, exceeding the ceiling set by regulations on crowdfunding....
...Fidelity’s latest report said that it had 38mn individual retail accounts, 42mn workplace accounts, and $11.1tn of client assets on its various platforms — $4.2tn of which is in actual Fidelity funds....
...Two years ago, you’d only get a 4 per cent average yield from US junk bonds — today you can get more than that in Treasury bills. The implications for asset allocators is huge....
...But lower risk investment-grade ETFs were not immune, shipping $4.6bn — their biggest ever rout bar the Covid crash of March 2020 — with the Vanguard Short-Term Corporate Bond ETF (VCSH) accounting for $1.9bn...
...Mortgages sharply widened on Friday in anticipation of a liquidation, with lower coupons 10bp T-OAS wider and production coupons 4-5bp wider as of mid-afternoon....
...GPT-4, OpenAI’s latest version of its popular chatbot, accepts images and text as inputs and allows users to ask questions about pictures. “China is under pressure to make these models public....
...Further reading— Live news: Bank of England and Central Bank of Turkey raise rates (FT)— Robin goes on pat leave (Twitter)...
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...Profits fell by nearly a quarter to $1.3bn and it reported less demand for freight shipping....
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