"Casino remains on track to continue selling non-core assets such as Green Yellow and Assai to reduce its debt burden. With the proceeds, Casino will continue to buy back bonds as it did a month a go by doing a tender at par on the 2023 bonds," said Ion-Marc Valahu, fund manager at Geneva-based firm [...]
CLAIRINVEST COSMOPOLITAN GLOBAL MARKET UPDATE AUGUST 31th, 2022 Macroeconomics standpoint: Corporate insiders: are selling at a multiple of 2.3 (selling relative to buying). That is the most since January and a pretty good indicator to be cautious on equities. Inflation: the world is experiencing the worst inflation in 40 years [...]
Clairinvest expands its team and develops its know-how with the arrival of Louis Sénéclauze and the launch of its first Actively Managed Certificate (AMC). AMC Perpetual Capital (ISIN CH1110988172) will invest in listed US stocks, following a bottom-up analysis strategy, under the leadership of Ion-Marc Valahu and Louis Sénéclauze. The AMC is looking for companies with a high return on capital [...]
Retour sur le contexte macro du mois de mai et sur les aventures d'Elon Musk. May's macro context This month, US inflation figures came out much more alarming than expected at 4.2% on an annual basis against 3.6% expected. L’inflation «core» (excluding energy and food) spring to 0.9% out of [...]
U.K.’s New Green Plan Backs 250,000 Jobs and Bans Gas Car Sales By Tim Ross, Alex Morales and Jessica Shankleman (Bloomberg) -- U.K. Prime Minister Boris Johnson announced a 12 billion-pound ($15.9 billion) plan to boost green industries and tackle climate change, in a blueprint he says will create or support as many as 250,000 [...]
CDC Tells Americans to Start Readying for Outbreak: Virus Update 2020-02-25 18:47:13.270 GMT By Bloomberg News (Bloomberg) -- The U.S. Centers for Disease Control and Prevention warned Americans to prepare for a coronavirus outbreak at home that could lead to significant disruptions of daily life, though the warnings were downplayed by the White House. Congress [...]
