Hints and tips:
...Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...The US Department of Justice fined the exchange last year and its CEO pleaded guilty to federal crimes. [MUSIC PLAYING] China’s Evergrande is going to be liquidated....
...The German insurance association recently warned of a “massive increase in payment defaults” after credit insurers paid out more than €1.2bn in 2023, up 44 per cent on 2022....
...Members of the United Steelworkers union have also voiced dismay....
...Stephan Ertz, head of credit at Union Investment, said that retail and utility companies had been leading the charge in Europe for new issuance in recent weeks, and that the most attractive deals were among...
...A decision by Fitch to downgrade the US’s credit rating from triple A to double A plus has triggered equity market falls in Asia and Europe....
...Separate walkouts will happen at Guy’s and St Thomas’ Trust in south London and the Yorkshire Ambulance Trust after Unite union members rejected their latest pay offer....
...The union of Credit Suisse and UBS will have enormous bearing on the stability of global banking....
...Marina became the first person from her community ever elected to the federal senate and built support for sustainable development in the Amazon region....
...But the Italian city-state didn’t have the funds to send a navy to rescue its imprisoned citizens....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...Its UK business should benefit from rate rises, but it is much more of a credit card business, so people will be focused on default rates and provisions in the UK and US....
...BASF, which had federal investment insurance for Wintershall’s projects in Russia, is expected to claw back some of its losses from the German government....
...Many in the German establishment, he said, resented US dominance in energy matters and disliked “this idea of a global fungible market in oil that’s traded in dollars and protected by the US navy”....
...Crestview Partners co-founder Thomas Murphy Jr has joined Berkshire Hathaway’s board of directors....
...At least one senior Fed governor would like the Federal Open Market Committee to go even further....
...Today, as Credit Suisse analyst Zoltan Pozsar (one of the seers of 2008) put it in a recent note to clients, “inventory for supply chains is what liquidity is for banks”....
...Thomas Pugh: Significant reform of the planning system....
...Goldman Sachs, JPMorgan, Credit Suisse, Morgan Stanley, UBS and Deutsche Bank don’t have one....
...Federal Reserve chair Jay Powell, World Trade Organization head Ngozi Okonjo-Iweala and Bank of England governor Andrew Bailey are among the top drawer list of speakers....
...in emergency small business loans provided by the federal government....
...But the market is changing and a lot of the smaller ones like the credit unions are going digital....
...Robert Frick, corporate economist with Navy Federal Credit Union, said on Friday that sentiment is “still in the gutter,” although pessimism has not been a significant drag on spending....
...Federal Credit Union....
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