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Bond fund managers have so much cash they’re turning to the derivatives market to put it to work, pushing down the cost of protection against defaults close to levels that prevailed when central banks were just starting to raise interest rates.
Data provider S&P Global said on Tuesday it plans to buy financial technology provider Visible Alpha for an undisclosed sum. Founded in 2015, Visible Alpha is a financial technology firm that provides consensus estimates and analytics, and distributes the data through channels including a web-based platform and feeds. S&P Global is also exploring options for its digital solutions provider Fincentric, formerly known as Markit Digital, the company said in a statement.
Founded in 2015, Visible Alpha is a financial technology firm that provides consensus estimates and analytics, and distributes the data through channels including a web-based platform and feeds. S&P Global is also exploring options for its digital solutions provider Fincentric, formerly known as Markit Digital, the company said in a statement. The deal for Visible Alpha, expected to close this year, and the consideration of options for Fincentric are part of measures to accelerate focus in key areas of strategic growth, S&P said.
Get an extensive Cloud Financial Risk Management Software Market analysis of the dominant vendors, their latest products and services, and the competitive landscape of the industry.
J.P.Morgan on Thursday said supply chain disruptions from a potential United Auto Workers (UAW) union strike would cut new vehicle production, drive up used car prices and put pressure on margins in the personal auto insurance business. UAW is currently in talks with the Detroit Three automakers - Ford Motor, Chrysler parent company Stellantis and General Motors - ahead of the expiration on Sept. 14 of the current four-year labor agreements covering 146,000 workers. The automakers "represent about 40% of light vehicle auto sales (by units) in the U.S., and IHS Markit estimates that a strike would disrupt North American vehicle production by roughly 75%," J.P.Morgan said.
S&P Global (SPGI) stock slid 5.5% in Thursday premarket trading as its earnings for the second quarter missed the average analyst estimate for the first time since the same period a...
Wells Fargo on Tuesday started coverage of credit rating providers S&P Global (SPGI) with an Overweight rating and Moody's (MCO) with an Equal Weight rating.For S&P Global (SPGI),...
S&P Global (SPGI) stock jumped 5.0% in Thursday premarket trading after Q1 earnings and revenue exceeded Wall Street expectations and the company announced an upcoming stock buyback
Chilean President Gabriel Boric's pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America's ascendant left but which has proven tough to implement in practice. While the former student protest leader's proposal to give the government a majority stake in all future lithium projects faces an uncertain path in Congress, its mere introduction shook one of the mining industry's most lucrative corners. The push from Boric, 37, also highlights the long-running regional tension between governments' hunger for control of coveted commodities and future profits versus their ongoing need for private sector capital and know-how.
Chilean President Gabriel Boric's pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America's ascendant left but which has proven tough to implement in practice. While the former student protest leader's proposal to give the government a majority stake in all future lithium projects faces an uncertain path in Congress, its mere introduction shook one of the mining industry's most lucrative corners. The push from Boric, 37, also highlights the long-running regional tension between governments' hunger for control of coveted commodities and future profits versus their ongoing need for private sector capital and know-how.
Paychex data also reveals that small business job growth remains steady ROCHESTER, N.Y., Jan. 3, 2023 /PRNewswire/ -- The rate of hourly wage grow...
Most of the vehicles on the list by iSeeCars can travel a quarter-million miles or more.
The decision to sell the unit follows S&P Global's $44 billion acquisition of data firm IHS Markit earlier this year. The engineering solutions division serves more than 6,000 customers globally. S&P Global reported a 37% rise in revenue in the third quarter due to the inclusion of IHS Markit's businesses.
British economic activity fell at close to its fastest pace in nearly two years in November, adding to signs of recession as orders sank and employment growth slowed, a survey showed on Wednesday. The 'flash' or preliminary version of the IHS Markit/CIPS composite purchasing managers' index (PMI) for Britain edged up to 48.3 from 48.2 in October, which was its lowest reading since January 2021, when there was a COVID-19 lockdown. "A further steep fall in business activity in November adds to growing signs that the UK is in recession, with GDP likely to fall for a second consecutive quarter in the closing months of 2022," Chris Williamson, chief business economist at IHS Markit, said.
Voters on Tuesday will weigh at least $66 billion of bond measures put forth by states and municipalities across the US that seek to finance projects like new schools and climate resiliency efforts.
XIAMEN, China, Oct. 31, 2022 /PRNewswire/ -- International authoritative research institution IHS Markit (now a part of S&P Global) announced the ...
LONDON, Sept. 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ('S&P DJI'), the world's leading index provider, today announced the launch of the iB...
While small business job growth is slowing, it's more because there are not enough workers to hire than business owners pulling back on hiring plans.
/PRNewswire/ -- Workers of U.S. small businesses continue to benefit from higher wages, according to the latest Paychex | IHS Markit Small Business Employment...
/PRNewswire/ -- Hiring at U.S. small businesses slowed for the fifth consecutive month, according to the latest Paychex | IHS Markit Small Business Employment...
/PRNewswire/ -- Small businesses continued to add jobs in June and worker wages continued to grow at a strong rate, but the pace of growth moderated slightly...
The one-year countdown began on Thursday to the end of the publication of the tarnished London Interbank Offer Rate, or Libor, for existing U.S. dollar-denominated contracts, and volatile market conditions have delayed the switch to new rates for some market participants. "We have 12 months until D-Day from a legacy paper perspective," said Tal Reback, who leads KKR's global Libor transition effort across private equity, credit, capital markets and real estate. "The next six to nine months are really the critical range because you already lost a few months due to market volatility this year," she said.
HEFEI, China, June 24, 2022 /PRNewswire/ -- International authoritative research institution IHS Markit (now a part of S&P Global) announced the t...
Sterling trimmed some of its losses on Thursday after better-than-expected UK PMI numbers for June, but the pound remained vulnerable to political risks and recession fears. "Markets are likely reading the UK survey results in comparison with the euro zone ones, which instead showed a larger drop than expected," said Francesco Pesole, FX strategist at ING. Jane Foley, head of FX strategy at Rabobank in London, added: "it is a relief to the market that the UK services PMI was not weaker due to the long Jubilee weekend".
Sterling trimmed some of its declines versus the euro and the dollar on Thursday after better-than-expected UK PMI numbers for June, but the pound remained vulnerable to political risks and recession fears. "Markets are likely reading the UK survey results in comparison with the euro zone ones, which instead showed a larger drop than expected," said Francesco Pesole, FX strategist at ING.
Prices of the fuel have mostly trended lower since hitting highs this past spring. But that is unlikely to last in a fragile market.
NEW YORK, June 1, 2022 /PRNewswire/ -- S&P Global (NYSE: SPGI) is suspending financial guidance for the full year 2022. Macroeconomic conditions h...
/PRNewswire/ -- Workers at U.S. small businesses saw the 12th consecutive month of increasing hourly earnings gains, while the pace of job growth slowed in May....
Only Tesla and Mercedes are due to meet climate goals with Toyota, Honda, Nissan, Hyundai and General Motors lagging
/PRNewswire/ -- Hourly earnings growth accelerated for the eleventh consecutive month for workers of U.S. small businesses, according to the latest Paychex |...
NEW YORK, May 2, 2022 /PRNewswire/ -- Total spending on financial market data and cloud-based software continued its decade-long growth trend in t...
Data from the recently released market update indicates a return to pre-pandemic market levels as inflation spikes and households complete home im...