Disneyland Resort agrees deal to raise minimum wage for California staff
Walt Disney Co’s Disneyland Resort announced it has agreed to raise the minimum wage of employees at its California theme park to $15 per hour by January 2019. The subsidiary, which runs Disneyland, Disney California Adventure Park and Downtown Disney,...
Metro Bank has a credibility problem
Metro Bank’s chairman Vernon Hill Capital U-turns, drastically downgraded profitability targets, questions about related-party dealings: this is not how the bank with the strongest valuation in Europe should be run. UK challenger Metro Bank has, however, had to turn back...
The Curve Showed A Slight Bear Flattening
Markets Yesterday, changes in US yields were limited (about 1 bp or less). The curve showed a slight bear flattening. US data were OK, leaving market expectations for a 4% + Q2 GDP growth intact. European yields declined slightly during...
Cautious Trading Session In Asia Ahead Of Upcoming US GDP Data
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Yen Firm as JGB Yield Rally Persists, Dollar Looks into Q2 GDP
Yen remains generally firm today with help from strength in JGB yields. 10 year JGB yields hit as high as 0.113 and is now hovering at around 0.10. Nonetheless, Yen is outperformed by Canadian Dollar, which is lifted by NAFTA...
Chinese overseas acquisitions in 2017 may be larger than thought and they’re set to grow
China’s foreign mergers and acquisitions were widely seen to have slumped in 2017, but some indicators suggest those numbers may be larger than earlier thought and might even continue to grow this year, according to investment bank, Natixis. “[W]hen one...
Amazon ‘terrifies me as a company’, says a valuation professor
Amazon continues to break records. On Thursday, the company reported earnings per share of $5.07 compared with $2.50 as expected by Thomson Reuters. But Aswath Damodaran, a professor of corporate finance and valuation at the Stern School of Business at...
We need to talk about UK banks
Theresa May’s effort to engineer a sensible looking soft departure has actually increased the risk of a no deal exit In August UK banks will finally start reporting their second quarter results, limping in behind their US and European counterparts....