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...The disposals flattered 2023’s results but have raised questions over future sources of growth....
...That compares to a yield of roughly 9.15 per cent on the average single B rated US corporate bond, ICE bond index data shows....
...That total fell to about 2.5mn b/d in August, with the decline coming from western-insured ships, which only carried 626,000 b/d that month — less than half the volume they transported in May....
...I recently attended the opening of a factory by Austria-based chip substrate supplier AT&S in Kulim, Malaysia....
...borrowing from the bank isn’t ‘free’ and isn’t easy [to secure], real estate does not have the shine it had before,” explains Rob Fleischman, a technology entrepreneur and investor, who is chair of Tiger 21’s...
...Digging through the data of S&P Global offers surprising findings. Sub-Saharan African sovereigns rated in the B category between 2010 and 2023 defaulted in 22 per cent of all cases within five years....
...A train company might be the only operator that can take you from A to B (though some days you might be quicker walking)....
...Other bonds with triple C ratings were issued by cyber security groups McAfee, Cloud Software Group and healthcare services company LifePoint Health....
...These countries are paying an average of 31 per cent of revenues as debt service. This leaves little room for spending on development after recurrent expenditure is accounted for....
...Weakest links pertain to companies rated “B minus” and lower with negative outlooks....
...Paxos Trust Co.’s issuance of U.S. dollar-backed stablecoins has been under the supervision of the New York State Department of Financial Services (NYDFS) since 2018....
...Rating agency S&P Global has forecast that, by June 2024, corporate default rates in the US will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...Hidden threat B. Riley Financial is under fire for funding a buyout linked to a firm that prosecutors call a fraud, The Wall Street Journal writes....
...The missed payments have been cured and Cameroon is reportedly current on all commercial debt service obligations....
...The US Energy Information Administration estimates average prices of about $83/b for the year....
...The downgrade from double B plus, S&P’s highest non-investment grade, to double B came after SoftBank’s tech-heavy Vision Funds this month posted record annual investment losses of $39bn....
...Russia said its 300,000 b/d export reduction would also stay in place until December....
...“They’ve been burning cash throughout the last year or so,” said Oliver Vande Stouwe, an analyst at S&P....
...Even higher-quality companies are getting shut out, with single-B and single-B minus rated loan issuance in the US down more than 70 per cent from 2021 levels....
...DBRS Morningstar lifted its assessment of Athens’ creditworthiness on Friday to triple B, kicking off what is widely anticipated to be a series of upgrades from “junk” territory....
...A more calculated approach lies behind Bulgari’s three icons — Diva, the colosseum-shaped B.zero1, and Serpenti....
...In the last quarter, Microsoft, Apple, Alphabet, Exxon and Chevron — massive cash spinners all — accounted for more than a quarter of all the buybacks in the S&P 500, according to data from S&P Dow Jones...
...Monday The Bank of England hosts an online Q&A with its chief economist Huw Pill on the cost of living and current economic conditions EU, France, Germany, Japan: S&P Global October services purchasing...
...t=4OHf5BkjuotctykSztrLvA&s=19 The company also excitedly told investors that the total volume of flooring it sold exceeded the equivalent of “more than 29,500 football fields” for the first time....
...Slok: In some cases triple C, even single B credit looks more vulnerable, because those are the firms that are more vulnerable to higher interest rates....
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