The Jets' young RB may be on the verge of a breakthrough.
The Jets' young RB may be on the verge of a breakthrough.
Building Maintenance Services market research report from SpendEdge indicates an incremental growth by USD 171 billion during the period 2020-2024.
(Bloomberg) -- Japanese consumer lender Aiful Corp. sold bonds with the world’s lowest coupon for a junk-rated issuer this year, as record low rates amid the pandemic redefine what high yield means.Aiful priced 15 billion yen ($144 million) of 1.5-year notes with a coupon of 1%, according to Nomura Securities Co., one of the underwriters. It’s the second-ever junk bond offered publicly in Japan’s local credit market, after Aiful priced the first such security last year at a lower coupon at 0.99%.Unprecedented stimulus from central banks amid the pandemic has dragged down rates, and left investors clamoring for debt that may help increase returns. The average yield on high-yield bonds globally has fallen 85 basis points this year to an all-time low of 4.83%, according to a Bloomberg Barclays index. A comeback in even the riskiest junk securities is gaining ground, narrowing the gap between lower-rated and higher-quality debt.Aiful, which teetered on the edge of bankruptcy a decade ago, has speculative-grade scores from local credit rating firms. The lender’s junk debt offerings are still the exception that proves the rule in Japan, where companies haven’t felt compelled to sell speculative-grade notes as they’ve traditionally found it easy to obtain bank loans.Read more about Japan’s nascent junk bond market hereAsiaAsian dollar bond spreads and credit-default swaps tightened Wednesday, with spreads on high-grade notes narrowing about 3 basis points, according to traders. That’s the biggest daily decline in three weeks, according to a Bloomberg Barclays index.The Philippines is jumping back into the strong credit markets, starting to market what would be its second dollar bond this yearDespite the recent strengthening of investor risk appetities, longer-term pitfalls remain. S&P Global Ratings sees a “significant risk” that more banks in Asia Pacific will join the list of fallen angels -- companies downgraded to speculative grade from investment grade -- in the next two yearsU.S.CCC bonds, which were in distressed territory for the better part of 2020, have steadily rallied since the worst days of the pandemic.The difference between their spreads and those of the next rating tier up -- B rated bonds -- is now 316 basis points, near the tightest level in two yearsInvestment firm Castlelake signed an agreement with Boeing to provide as much as $5 billion of financing to airlines and other companies looking to buy planes from the aerospace manufacturerEuropeGauges of default risk for high-quality and sub-investment grade companies in Europe retreated Tuesday to levels last seen in February before the coronavirus took hold.The upbeat mood prompted eight issuers to bring deals to Europe’s market for new syndicated bondsThat included a euro-denominated offering from energy giant BP Plc(Adds global credit wrap context)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Houston-based company in August filed for Chapter 11 bankruptcy, joining a list of brick-and-mortar retailers succumbing to the hit from the COVID-19 pandemic. Tailored Brands said on Tuesday it now operates with a capital structure that includes an exit term loan of $365 million, which it expects will support its ongoing operations and strategic initiatives.
A sexual harassment case against a powerful Chinese media figure begins in Beijing on Wednesday, with his accuser calling it a major moment in the country's still-young #MeToo movement.
A photographer claims he knows what happened to the monolith after it disappeared – and he has the pictures to prove it.
Technavio has announced its latest report titled Automotive Power Window Motor Market by Application and Geography - Forecast and Analysis 2020-2024
(Bloomberg) -- The U.S. should ratchet up its demands of China to include equal access for companies and media, stricter monitoring of Beijing’s activities at the United Nations and preventive action to safeguard American interests in technology and finance, a bipartisan panel told Congress on Tuesday.A 575-page report by the U.S.-China Economic and Security Review Commission -- created by Congress to track and anticipate threats from China -- characterized the world’s second-largest economy as a threat to the current international order that has American values at its core. It added China’s leaders view those values as a barrier to the country’s external ambitions and an existential threat to their rule.“Chinese leaders’ assessment of the United States as a dangerous and firmly committed opponent has informed nearly every facet of China’s diplomatic strategy, economic policy, and military planning in the post-Cold War era,” the panel said.Amid a continuing U.S. effort to roll back China’s dominance in next-generation 5G communications, the role of technology emerges as a clear theme throughout the annual report. The study said Beijing uses the establishment of technical standards as a way to “advance an alternative technological order.”It also warned that China’s effort at financial opening was part of a “calculated strategy” to secure foreign investment inflows and use them to shore up the domestic economy. This would increase exposure to unique risks in China’s financial system for foreign investors, the report said.“China is an adversary presenting unique and immediate threats to our economic and security interests,” Robin Cleveland, chairman of the commission, said in an opening statement. Cleveland said the report reflected “an understanding that the challenges posed by the Chinese Communist Party are not partisan – they are American concerns.”TikTok, Hong Kong and More U.S.-China Flashpoints: QuickTakeThe analysis also looked at areas including military capabilities, trade relations, public health and Covid-19-related issues, as well as Taiwan and Hong Kong.Beijing’s national security law for the former British colony had “significantly compromised” the rule of law and press freedom, the report found. “Under growing pressure from the CCP, the territory’s judicial system has been thrown into crisis as judges are compelled to adopt mainland legal principles and CCP positions,” the report said, referring to the Chinese Communist Party.China’s Foreign Ministry didn’t immediately reply to a request for comment on Wednesday morning. Last year, in response to a similar report from the commission, then Foreign Ministry spokesman Geng Shuang said the panel was “deeply entrenched in prejudice against China,” adding that its reports were “rarely based on facts.”A statement Wednesday from Hong Kong’s government described the report as “yet another example” of U.S. interference in Hong Kong’s affairs, using “democracy and self-determination as an excuse.” The statement continued, saying “such groundless and unjust political maneuvers will achieve nothing but undermining Hong-Kong-U.S. relations and hurting the U.S.’s own interests.”Competition between the U.S. and China had intensified under the leadership of President Xi Jinping, the authors wrote, and they argued that the time for action is now.China Becomes a Bigger Mark on NATO Radar Screen With New Report“If Beijing succeeds in normalizing its views of governance, the result could undermine individual rights around the world,” the commission said. “Underestimating Beijing’s intent to revise the international order based on its current capabilities risks delaying a response until it is already too late to preserve the liberal international order.”The report makes 19 recommendations, highlighting 10 of those as being of “particular significance.” They include urging that the U.S. Congress:Adopt the principle of “reciprocity” in all legislation related to U.S.-China relations.Expand the authority of the Federal Trade Commission to monitor and take foreign government subsidies into account when looking at company mergers.Direct the State Department to produce an annual report detailing China’s actions in the UN and its agencies that subvert the principles and purposes of the organization.Consider establishing a “Manhattan Project”-like effort to ensure that the U.S. public has access to safe and secure supplies of critical drugs and medical equipment.Enact legislation establishing a center on China economic data inside the Commerce Department.Direct the White House to sanction the parent of any entity in China sanctioned over actions contrary to the economic and national security interests of the U.S. or for violations of human rights.Consider enacting legislation to make the de facto U.S. ambassador in Taiwan a presidential nomination subject to the advice and consent of the Senate.Direct the Administration to identify and remove barriers for Hong Kong residents to get U.S. visas if they are attempting to exit Hong Kong out of fear of political persecution.(Updates with Chinese Foreign Ministry details in ninth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
ZoomInfo Technologies Inc. ("ZoomInfo") today announced that certain selling stockholders of ZoomInfo, including investment funds affiliated with TA Associates ("TA"), The Carlyle Group ("Carlyle") and 22C Capital LLC (together with TA and Carlyle, the "Selling Stockholders"), have priced the previously announced underwritten public offering of 12,500,000 shares of ZoomInfo’s Class A common stock at a price to the public of $45.00 per share. The Selling Stockholders have granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,875,000 shares of ZoomInfo’s Class A common stock. The offering is expected to close on December 4, 2020, subject to customary closing conditions.
New Zealand Prime Minister Jacinda Ardern declared a "climate emergency" on Wednesday, telling parliament that urgent action was needed for the sake of future generations.
Hill's candid response to a question about Patrick Mahomes was most certainly not expected.
British actor Laurence Fox has been vocal about flouting the current UK lockdown.
Former West Australian cabinet minister Dean Nalder will not contest the March state election after failing to win the support of his Liberal colleagues.
(Bloomberg) -- President Donald Trump on Tuesday night threatened to veto the annual U.S. defense bill unless Congress abolishes a law that protects technology companies from liability over most content published by their users.He called Section 230 of the Communications Decency Act “a serious threat to our National Security & Election Integrity.”“Therefore, if the very dangerous & unfair Section 230 is not completely terminated as part of the National Defense Authorization Act (NDAA), I will be forced to unequivocally VETO the Bill when sent to the very beautiful Resolute desk. Take back America NOW. Thank you!” Trump wrote on Twitter -- one of the platforms shielded from liability.The defense act is a massive, crucial piece of legislation that authorizes, among many things, military pay raises and extra pay for troops on dangerous assignments. It has passed every year for the past 59 years.While politicians from both parties have called for Section 230 to be weakened or revised, Trump and others on the political right have long complained that companies such as Facebook Inc. and Twitter Inc. have tried to suppress conservative opinions. The Trump administration’s wish to alter or even repeal the law has taken on greater urgency since the president was defeated by Joe Biden.The White House has pushed for language that’s very similar to the Online Freedom and Viewpoint Diversity Act, a bill sponsored by Senate Commerce, Science and Transportation Chairman Roger Wicker.“Section 230 has to be changed,” said Senator Lindsey Graham, a South Carolina Republican and the chairman of the Judiciary Committee, said at a hearing last month in which Facebook Chief Executive Mark Zuckerberg and Twitter’s CEO, Jack Dorsey, answered questions.It is unclear how far Trump will go to make the elimination of Section 230 a condition of the Defense Authorization Act. But in July he threatened a veto because the bill called for renaming U.S. military installations that honor Confederate generals, including Fort Benning in Georgia and Fort Lee in Virginia.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Technavio has announced its latest report titled Wind Turbine Generator Market by Application and Geography - Forecast and Analysis 2020-2024
Image source: The Motley Fool. Hewlett Packard Enterprise Co (NYSE: HPE)Q4 2020 Earnings CallDec 01, 2020, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the fourth-quarter 2020 Hewlett Packard Enterprise earnings conference call.
BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a commercial-stage biotechnology company focused on developing and commercializing innovative medicines worldwide, today announced the pricing of an underwritten public offering of 1,511,546 American Depositary Shares ("ADSs"), each representing 13 of its ordinary shares, par value $0.0001 per share, by fund partnerships affiliated with Baker Bros. Advisors LP (the "Selling Shareholders") at a public offering price of $225 per ADS. In addition, the Selling Shareholders have granted the underwriter a 30-day option to purchase up to an additional 151,154 ADSs at the public offering price, less underwriting discounts and commissions. BeiGene will not receive any of the proceeds from the sale of the shares offered by the Selling Shareholders but will bear certain expenses incident to this offering (excluding underwriting discounts and commissions). The offering is expected to close on December 4, 2020, subject to customary closing conditions.
The Biopolymers Market is poised to experience spend growth of more than USD 3,493 million between 2020-2024 at a CAGR of over 13.25%.
Call Center Outsourcing Market by End-user and Geography Analysis 2020-2024 can be found at Technavio.
(Bloomberg) -- Xiaomi Corp. suspended trading of its Hong Kong shares on Wednesday, after failing to disclose the city’s biggest-ever top-up placement in time for the market open.China’s No. 2 smartphone maker plans to submit a filing about the share sale so that trading can resume in the afternoon session, a person familiar with the matter said, asking not to be identified discussing private information. Xiaomi didn’t respond to requests for comment.The trading halt was first announced without explanation around 9 a.m. local time, just after the start of Hong Kong’s premarket auction. Xiaomi explained in another exchange filing more than two hours later that an official disclosure of the sale was still pending.The company’s failure to announce the stock sale more quickly surprised some market participants. The episode comes about a month after Hong Kong was rattled by an abrupt decision by Chinese regulators to yank Ant Group Co.’s planned initial public offering, which would have been the largest ever.“It’s definitely unusual because other companies which had share placements usually file the official announcements soon after pricing,” said Castor Pang, head of research at Core Pacific-Yamaichi International Hong Kong. “It’s hard to know what’s going on.”Xiaomi sold 1 billion shares in a top-up placement at HK$23.70 each, the bottom of a range, to raise $3.1 billion, according to deal terms obtained by Bloomberg News. That represents a 9.4% discount to its last closing price of HK$26.15.Wednesday’s premarket auction showed the stock trading as low as HK$24.50, implying a drop of 6.1%. Hong Kong’s stock exchange requires a company to apply for a trading halt if certain inside information has been made public before an official disclosure.Xiaomi also fetched $900 million through the sale of a seven-year, zero-coupon convertible bond, the terms showed. The proceeds will add to a war chest aimed at helping the company grab market share from competitors such as Huawei Technologies Co.Xiaomi shares have rallied 143% this year, though they slipped from a high last month after the company said its internet services revenue had grown at its slowest pace in three years in the quarter ended September. Xiaomi grabbed market share from Huawei when American sanctions deepened particularly in overseas markets from Europe to India.Credit Suisse Group AG, Goldman Sachs Group Inc, JPMorgan Chase & Co. and Morgan Stanley arranged Xiaomi’s offering.(Adds Xiaomi’s second exchange filing in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
"I don’t care what happens, we’re not going to spend Christmas without our families."