Chetan Ahya, Morgan Stanley’s chief economist Inflation may challenge global financial markets in the middle of 2022, says Morgan Stanley‘s chief economist Chetan Ahya. Edited excerpts from an interview:Which countries in developed markets are taking steps to drive growth? Also what is the role of emerging markets in driving global growth?It is quite broad-based in… Continue reading Inflation may challenge markets next year: Morgan Stanley’s chief economist Chetan Ahya
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@Ford: Ford Credit Issues Private ABS Linked to Alternative Reference Rate
DEARBORN, Michigan, June 7, 2021 – Ford Motor Credit Company has drawn its first asset-backed securitization (ABS) funding through a private facility that is linked to the secured overnight financing rate (SOFR) as a benchmark. This transaction also includes a SOFR-based interest rate hedge. The facility, which is backed by Ford Credit retail assets, was… Continue reading @Ford: Ford Credit Issues Private ABS Linked to Alternative Reference Rate
Three years after exit, SoftBank in talks to invest $700m in Flipkart at $28b valuation
The transaction, the second person said, could value Flipkart at as much as $30 billion, depending on the final set of investors. Prosus Ventures, the investment arm of South African conglomerate Naspers, and other existing investors could raise their stakes, the people said. The transaction will precede a proposed listing of the Indian e-commerce giant, slated to… Continue reading Three years after exit, SoftBank in talks to invest $700m in Flipkart at $28b valuation
SKY Leasing Announces Closing of $663 Million Secured Notes Offering
SAN FRANCISCO, June 3, 2021 /PRNewswire/ — SKY Leasing (“SKY”), a full-service aircraft leasing company, announced the closing of an issuance of $663 million of secured notes (the “Notes”) by SLAM 2021-1 Limited and SLAM 2021-1 LLC (“SLAM”). SLAM expects to use a portion of the proceeds of the Notes to acquire a portfolio of… Continue reading SKY Leasing Announces Closing of $663 Million Secured Notes Offering
Tesla stock drops 5% on report saying China orders halved in May (TSLA)
Tesla CEO Elon Musk Win McNamee/Getty Images Tesla shares extended early losses to as much as 5% on Thursday after reports of a China sales drop. The Information reported Tesla sales in China fell to roughly 9,800 in May, down from more than 18,000 in April. China sales accounted for 29% of Tesla’s global sales… Continue reading Tesla stock drops 5% on report saying China orders halved in May (TSLA)
Suzuki’s India woes extend far beyond the pandemic
TOKYO — It is a market where Suzuki Motor once reigned as the undisputed champion. Forty years ago, nearly every passenger car sold in India was made by the Japanese automaker. Now this share is under 50%, and the competition only looks to increase. Suzuki still makes half its car sales in the country, and the automaker’s stock price… Continue reading Suzuki’s India woes extend far beyond the pandemic
Eaton to Participate in the Morgan Stanley Sustainable Futures Conference on June 9
Power management company Eaton (NYSE:ETN) today announced that Harold Jones, executive vice president, Eaton Business System & Sustainability, will participate in the Morgan Stanley Sustainable Futures Conference on Wednesday, June 9, at 2 p.m. Eastern time. During the conference, Jones will participate in a fireside chat where he will discuss Eaton’s sustainability strategy and the… Continue reading Eaton to Participate in the Morgan Stanley Sustainable Futures Conference on June 9
Introducing The Morgan Resort & Spa, St. Maarten’s Newest Luxury Boutique Hotel
SIMPSON BAY, St. Maarten, June 03, 2021 /PRNewswire/ — The island of St. Maarten is world renowned for its beautiful beaches, festive nightlife and epicurean experiences galore. With today’s grand opening of The Morgan Resort & Spa, travelers now have another great reason to visit the destination, just in time for summer. The newest five-star luxury… Continue reading Introducing The Morgan Resort & Spa, St. Maarten’s Newest Luxury Boutique Hotel
Navigator Holdings Ltd. Announces Date for the Release of First Quarter 2021 Results and Conference Call
LONDON, June 2, 2021 /PRNewswire/ — Navigator Holdings Ltd. (“Navigator”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announced today that it will release its results for the three months ended March 31, 2021 after markets close in New York on Thursday, June 10, 2021. The next… Continue reading Navigator Holdings Ltd. Announces Date for the Release of First Quarter 2021 Results and Conference Call
Indian cosmetics retailer Nykaa looks to list at $4.5b valuation
Nykaa, founded by former investment banker Falguni Nayar, will keep unchanged the size of the public offering at between $500 million and $700 million, said two people directly aware of the internal discussions. Both declined to be named as the talks are private. They said the rise in Nykaa’s overall valuation is led by a… Continue reading Indian cosmetics retailer Nykaa looks to list at $4.5b valuation