Hints and tips:
...Launched in 2006 by Feliciano, a native of Bayamón, Puerto Rico, and Eghbali, who emigrated from Iran to the Los Angeles area in 1986, Clearlake targets specialised but highly profitable companies in the...
...(Wall Street Journal) Decentralised paradise For the crypto community lining Puerto Rico’s shores, the sunny weather and lush golf courses are just added bonuses next to the ultra-low tax rates....
...Puerto Rico and Haiti, which are affected by hurricanes. India and Bangladesh, which are prone to tropical cyclones....
...When Hurricane Maria pulverised Puerto Rico in 2017, he delivered more than 3.7m meals across the stricken island — often putting the combined emergency relief of the far larger Federal Emergency Management...
...Liquidity: intu has £283mn of debt maturities and swap settlements within the next 12 months. intu currently has £168.3mn of cash (pro forma for Puerto Venecia sales proceeds), which we estimate equates...
...Weir pulls 2020 targets given on February 26, saying March has deteriorated rapidly....
...The New York Federal Reserve has frozen new Puerto Rico offshore banking account approvals amid federal money laundering investigations related to the Venezuelan sanctions....
...business faced a string of catastrophes, including hurricanes in the US and Puerto Rico and wildfires in California....
...As an appointee in the Obama Administration, Weiss became the White House’s point-person on its response to the growing fiscal crisis in Puerto Rico, alongside US Treasury boss Jack Lew....
...At the time, she was studying physics at the University of Puerto Rico....
...We also wonder whether it would be desirable, never mind popular, for Detroit and Puerto Rico to “receive a comparable response from the Fed” as the failures of AIG and Bear Stearns, as Konczal and Mason...
...To be sure, the authorities in Reykjavík, on advice of their attorneys at Cleary, Gottlieb – the firm that has represented other default-prone governments in Argentina, Greece and Puerto Rico– have gone...
...Popular Inc, the biggest bank in Puerto Rico with about $36bn in assets, cruised through the test, saying that its tier one common equity would drop as low as 11.4 per cent of assets under the most stressful...
...Even with tax-free yields now just shy of 10 per cent, the Mom-and-Pop savers who bought most of Puerto Rico’s now junk-rated debt, will no longer touch new issues....
...US municipal bond funds and individual investors dumped Puerto Rico at the low prices offered by distressed debt speculators....
...Four fifths of all journeys in this country are by road, yet we rank behind Puerto Rico and Namibia in the quality of our network....
...The rally has been driven in part by strong gains in Puerto Rico debt, which is widely held among investors in the $4tn municipal bond market, thanks to its “triple-tax free” exemption....
...Puerto Rico’s bonds are triple tax-free, regardless of the state in which the bondholder lives....
...It was especially attractive, given that the new bonds were triple tax free, which means many investors would receive an effective 12 per cent yield....
...When I was at the IMF/World Bank meetings in Washington this month, people were talking about how the next target for the international vulture/ distress funds would be Puerto Rico....
...Yet, the “triple tax free” status has made its debt a mainstay of a large portion of muni bond portfolios....
...Puerto Rico is one issuer that could cause widespread distress....
...“People are eating more sandwiches in Puerto Rico, and relying more on private-label products in the UK....
...Municipal bonds, or “munis”, are debt – largely tax-free to investors – that is issued by individual states and entities to fund development....
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