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...But in the interim — unfortunately for pension funds, mutual funds, and retail investors — the market value of sovereign debt, at least for dicier credits, will probably plummet....
...Deng Shiqing’s oil painting of a woman collapsed on the beach shows a sense of humour, while Zoe Papini’s monochromatic portrait of Dante pulls at your heart....
...I hope that a new generation will be happy to see the exhibition: it’s going to be extraordinary to view all the different pieces but I don’t want to reveal the details of the work....
...Graham Capital Management is planning to expand to New York after decades as a Connecticut-based hedge fund, in a vote on the future of America’s financial capital following an exodus of investment firms...
...A similar rise is reflected at all levels. The top-priced Metropolis Suite at the downtown Four Seasons, for example, can now cost almost $15,000 per night at peak times....
...Gregory Makoff is a senior fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School and author of Default....
...Centred on Vietnam and Civil Rights, they were an emblem of America at boiling point, a presidential election looming....
...“All of them are working under the table,” said O’Doherty-Naranjo. “Everyone has got to eat so they all have to do something. I mean, do you have six months of cash not to work?”...
...The current Ipswich squad has a value of around £43mn, according to estimates from Transfermarkt, compared to more than £177mn at Leeds United....
...An additional $447bn of investment has since been announced in 83 separate projects across 25 states....
...Play starts at noon BST on Wednesday and can be followed on YouTube, as well as on lichess.org and other major chess websites....
...In a case like Sorrento, not having any assets or business at all arguably relieves you of the 180-day requirement, too....
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
...York for Miami has put a strain on everything in the Sunshine State....
...has a great deal of art, and America has a great deal of money.”...
...“Having lived in Spain and England prior to moving to New York, I got the sense that people in a particular city or country are all looking at the same artists,” he says....
...The asset management arm of the Emirati sovereign wealth fund is increasing its bets on Latin America’s largest economy, where its holdings span metro lines and medical universities to a majority stake in...
...Leader of Sovereign Advisory Services, Alvarez & Marsal, Dubai, United Arab Emirates Flaws in New York State’s well-intended debt plan / From Leland Goss, Managing Director and General Counsel, International...
...When you look at a harbour from the shore it all looks like a lot of the same water. Every harbour, though, is laid out with marks that show exactly where to go....
...There is a world locked on this mountain, and on these plains, and it belongs to all of us. And we occupy it — or not — single steps at a time. I decided I would cross....
...The Delaware court this year invalidated such a practice at the investment bank Moelis & Co, which had given its founder veto power over nearly all of the standard work conducted by a board of directors....
...Banks do different things (like take deposits) and can’t be allowed to fail. NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...The evolution of all-you-can-eat buffets tells you all that you need to know about the unequal state of the new economy. The gulf between the luxury feast and the basic meal will keep on widening....
...Florida has the highest density of golf courses of any US state, with more than 1,250 courses, according to the National Golf Foundation....
..., the Ecuadorean port city at the centre of Noboa’s fight against drug gangs....
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