Hints and tips:
...The deal’s prospectus notes that Sotheby’s Financial was founded back in 1988 to enable “its clients worldwide to unlock liquidity in fine art, luxury items, and other collectibles through financing solutions...
...AAA said it planned to offer 12.5 of its own Aim-quoted shares and 200p in cash for each AudioBoom share, giving the bid a total value of £12 per share....
...But which small luxuries count when you’re sleeping under the stars?...
...But the scare following AAA-rated IL&FS’s defaults in September 2018 prompted the traditional institutions that fuelled the NBFCs’ rise to curtail funding sharply....
...“Luxury” hotels in Vegas often exceed 3,000 rooms and tolerate service that would be unacceptable elsewhere – the 45-minute check-in process is too often followed by a 45-minute wait for luggage delivery...
...Dozens of luxury shops in Vienna’s historic centre illustrate the prosperity of domestic consumers and the city’s allure for wealthy visitors, in particular from Russia and Ukraine....
...The BBC’s business editor Robert Peston (@peston) says that he has been told that the UK’s AAA rating is doomed, no matter what the Chancellor does today; Mark Kleinman, his counterpart at Sky News, says...
...Credit ratings agencies were impressed and Standard & Poor’s obliged by removing the negative outlook on the UK’s AAA-credit rating. Public support for tax rises and spending cuts was high....
...Related links: The AAA bubble – FT Alphaville Buy tinned food - FT Alphaville What AAA corporate yields tell us - FT Alphaville My junk bond is better than your sovereign bond - FT Alphaville...
...EPFR, the Boston-based fund tracker, deliver a fascinating snapshot of the times: of all major assets classes, only super-staid money market funds – traditionally the safest of safe havens, investing in AAA...
...The US petrol price averaged $3.10 a gallon on Tuesday, up from $2.67 a year ago, according to the AAA motoring organisation....
...The average price for a gallon is now $3.97, according to AAA, the motoring club....
...Bill Gross of Pimco, the world’s biggest bond fund manager, says that investors should fear the loss of America’s AAA sovereign rating....
...Here are the themes, with selected excerpts and highlights: Theme 1 Aaa countries will probably not have the luxury of waiting for the recovery to be secured before announcing credible fiscal consolidation...
...A ‘hung’ parliament that fails to deliver a credible fiscal adjustment plan could lead to a downgrade of the UK’s AAA rating. That could have spill-over effects on other countries, especially Spain....
...The luxury homebuilder said sales over the period were $462 million, 42% down from last year but well above expectations of $376 million....
...Moody’s and Standard & Poor’s have a AAA rating on the firm. Its shares were down 0.9 per cent to $65.14....
...You have that luxury. You have the luxury of not knowing what we know: that Santiago’s Lehman’s death, while tragic, probably saved lives the world....
...In practice, and sadly, we don’t have the luxury of time because of the scale and speed of debt accumulation, and because we may not be able to prevent a financing crisis or a sovereign downgrade....
...total annual compensation cap plus restricted stock payable when the government is getting paid back, “say on pay” shareholder votes, and new disclosure and accountability requirements applicable to luxury...
...- Fitch and Egan Jones versus the AAA Ambac orthodoxy....
...And while demand for jewellery may have stalled in Asia, consumption of it remains strong in the Middle East, where oil money continues to fuel spending on luxury items....
...PPR, the French retail and luxury goods group, on Monday joined the list of companies aiming to tap into investors demand for new corporate bonds this week....
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