Hints and tips:
...of a libertarian/conservative flavour, and that (b) McKinsey is a consultancy with a strong incentive to say what its corporate clients want to hear....
...But from a risk-return point of view, is credit risk attractive right now? Rieder: I’d say it’s a B-. But it’s not a C. Why are you getting these sorts of yields in credit today?...
...Iraq will reduce crude production by 211,000 b/d, the United Arab Emirates by 144,000 b/d, Kuwait by 128,000 b/d, Kazakhstan by 78,000 b/d, Algeria by 48,000 b/d and Oman by 40,000 b/d, according to statements...
...I’m glad Katie Martin isn’t here because I don’t think she’d be able. This is such a hurtful topic to her, the terrible performance of the UK market, that I don’t think she’d be able to be objective....
...There’s a lot of companies in the double-B category that were downgrades from triple-B. They’re better companies. It’s a different high-yield than, say, 10 years ago ....
...A version of this article was first published by Nikkei Asia on May 25 2023. ©2023 Nikkei Inc. All rights reserved....
...Victoria Clarke, UK chief economist at Santander CIB: Falling inflation will see consumers benefit from positive real pay growth....
...Its Series B fundraising round in January this year, led by Lone Pine Capital, climbed to $240mn....
...Needham and D. Hotson. Charlie Bean: Few downturns are exactly alike....
...Victoria Clarke, UK chief economist, Banco Santander: After a year in which the UK performed more strongly than its G7 peers, we expect the UK to put in a middling performance in 2022....
...Latham & Watkins hired Manoj Tulsiani as a partner in its London-based capital markets practice. He joins from Linklaters....
...During fashion week, I used to get calls from friends of friends, people we know, asking could we get a ticket to the show, [and I’d have to say], sorry, it’s for buyers and press....
...Our asset quality review also shows a corporate portfolio (A-IRB) where high-risk exposures (single-B rating and below) represent 53% of the bank’s CET1 capital....
...South-east Asian logistics start-up Ninja Van, which has enjoyed huge growth during the coronavirus crisis, has raised $279m in a Series D round....
...Here’s Stifel: Under the terms of Indivior's settlement, a wholly-owned subsidiary, Solutions Inc. has pleaded guilty to one count of making a false statement relating to health matters in 2012....
...The biggest concern is consumer protection. There’s a longstanding perception that America needs a minimum of four wireless companies for healthy competition....
...If these conditions are not met (capital, risk etc.) then dividend restrictions or capital injections could occur at a subsidiary-by-subsidiary level....
...Upgrading Capital Goods to EW and downgrading Consumer Staples: We think the recovery fund will be most beneficial for Financials and the Periphery, and from a style perspective it should benefit Value....
...GILD’s c$15bn cost base vs $11bn core op.income, of which c$5bn lies in R&D/SG&A), but also require very significant job cuts at a time of global economic hardship....
...pursuing a more disciplined capital allocation policy....
...As noted by the International Energy Agency, non-Opec supply will accelerate from 1.9m barrels a day to 2.3m b/d next year. The other side of the coin is weaker growth sapping demand....
...Santander is the preferred provider for FCA’s consumer loans and leases and dealer loans via Chrysler Capital and we continue to operate under the existing agreement, which began in 2013.”...
...A Deutsche-Goldman tie-up would have its own problems, of course, and be far more politically sensitive, but it’d be a cheap deal....
...Alden, which is now locked in a takeover battle to control Gannett, one of America’s largest regional newspaper owners and publisher of USA Today, fashions itself as a saviour of troubled daily and weekly...
...European private equity firm Idinvest Partners has hired Bao Dinh as an investment director for venture capital. Bao was previously a director at the mobile app company HotelTonight....
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