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...Despite the tough talk and contingency planning, some in the debt market believe that the government will be loath to allow the situation to spill over into significant writedowns for the top-ranked bondholders...
...Expectations of how many rate cuts will occur this year swing back and forth in the constant game of forecasts that now change daily, depending upon which commentator you follow....
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...Jessica SmithI’m Jessica Smith, in for Marc Filippino, and here’s the news you need to start your day....
...It will also increase its investment in the US from $40bn to $65bn to build a third fab. Here’s more on today’s announcement. 3....
...Who will replace him? Central banks: Last week’s monetary policy moves mark a shift away from strict inflation targeting, argues Mohamed El-Erian....
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...Economic data: ADP will release its US employment report for March, which will give insight into the labour market before the official government figures on Friday....
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...Some think the gains will increase as the technology develops....
...Thames Water’s management has long insisted Kemble’s travails should not have an impact on the regulated utility, which they say has £2.4bn of cash and access to other overdrafts that will allow it to continue...
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