Recent Posts

BNP Paribas, UniCredit CoCo coupons most at risk

BLOOMBERG BNP Paribas SA and UniCredit SpA are closest to running into regulatory restraints on making payouts on securities, including their riskiest bonds, among the European banks followed by analysts at CreditSights Inc. If BNP were to run up losses that consumed capital amounting to 1.05 percent of assets weighted by risk, that would crimp the Paris-based lender’s ability to ...

Read More »

Where’s the lane?

Los Angeles / Reuters Volvo’s North American CEO, Lex Kerssemakers, lost his cool as the automaker’s semi-autonomous prototype sporadically refused to drive itself during a press event at the Los Angeles Auto Show. “It can’t find the lane markings!” Kerssemakers griped to Mayor Eric Garcetti, who was at the wheel. “You need to paint the bloody roads here!” Shoddy infrastructure ...

Read More »

Back to work!

Washington / AP Americans are flooding back into the job market at the fastest pace since before the Great Recession, encouraged by steady hiring and some signs of higher pay. The flow has halted, at least temporarily, one of the economy’s more discouraging trends: the sharp decline in the percentage of people either working or looking for work. That figure ...

Read More »
Send this to a friend