The news comes
as global debt markets were already selling off amid signs that central banks are starting to step back after years of bond - buying stimulus.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of
global economic conditions on the business aircraft
market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of
global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and
markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance
debt, including our ability to obtain the
debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Among other things, the
Global Portfolio invests in assets such
as listed equities,
debt securities, money
market instruments, real estate, commodities, cash and financial derivative instruments.
As the presidential elections draw near, the nation's
debt woes are coming into clearer focus — and Bank of America - Merrill Lynch
Global Research warns that the «fiscal cliff» is bigger than most
market observers imagine.
As CNBC notes, Roubini predicted in May that four elements — stalling growth in the U.S.,
debt troubles in Europe, a slowdown in emerging
markets, particularly China, and military conflict in Iran — would come together in to create a storm for the
global economy in 2013.
Through November 2017, US and many
global equity
markets were up double - digits, and broad corporate and emerging -
market debt indexes posted strong returns
as well.
That They Will Eventually Release Most Of Their QE'ed Sovereign
Debt From Their Balance Sheets [
as global inflation emerges] Into The
Market... Mostly Via Non-Reinvestment At Maturity.
«The consequences of a
debt default would be harmful not only to the U.S. economy but also globally, given the importance of the U.S. Treasury
market as a
global financial benchmark,» they wrote.
Since 2001 the silver and gold
markets have gone up substantially
as a reaction to the 20 year precious metals bear
market from 1980 — 2000, massive increases in military spending, weakening
global economies that REQUIRE Quantitative Easing to avoid deflation, the rise of competing currencies that weaken the dollar's trading status, excessive
debts in Europe, Japan, the United Kingdom, and the United States, and so much more.
Today, it's perched atop
global currency
markets as Canada wins acclaim for its economic outlook and handling of the public
debt, a point driven home Wednesday when a Russian Central Bank official confirmed that the Canadian dollar would be added to its international reserves.
Global monetary policy remains broadly accommodative — and in some areas more and more so — propelling equity
markets ever higher and leaving a record amount of sovereign
debt around the world (almost US$ 12 trillion by midyear) yielding at or below zero (source: Fitch Ratings,
as of 6/29/2016).
Learning from previous crises, countries such
as Mexico, Brazil and India have transformed their government
debt markets, inuring themselves to
global economic shocks by limiting their borrowing in non-domestic currencies.
In September 2010, Clothilde joined Natixis Asset Management
as Currency and
Global Emerging
markets debt portfolio manager.
As big as previous real estate and stock market bubbles have been, the current global bubble in government debt dwarfs them al
As big
as previous real estate and stock market bubbles have been, the current global bubble in government debt dwarfs them al
as previous real estate and stock
market bubbles have been, the current
global bubble in government
debt dwarfs them all.
We have seen an expansion of
global high - yield
debt issuance, particularly in European and emerging
markets during this cycle (
as shown in Exhibit 1).
Central bank intervention in
global bond
markets has «crowded out» many traditional fixed income investors, driving them to seek yield and income from non-traditional and riskier asset classes such
as high yield, emerging
markets debt, leveraged loans and private credit.
Advised and led by their US trained finance types, China has followed the same hide - your -
debts - playbook that brought down Enron, Worldcom and
global financial
markets in 2001 - 03,
as well
as Bear Stearns, Lehman and
global markets again in 2007 - 09.
Danielle Park: «Advised and led by their US trained finance types, China has followed the same hide - your -
debts - playbook that brought down Enron, Worldcom and
global financial
markets in 2001 - 03,
as well
as Bear Stearns, Lehman and
global markets again in 2007 - 09.
For instance, this year through the end of November, EM
debt in USD,
as represented by the J.P. Morgan EMBI
Global Index (EMBIG), returned 2.77 percent, outperforming EM equities,
as measured by the MSCI Emerging
Markets Index.
The money
market mutual fund is a
global network of financiers and other investors trading the short - term
debt instruments, known
as bonds, corporations, and Government Issue to meet these short - term commitments.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such
as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate
markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such
as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new
markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing
debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged
as collateral under our existing
debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the
global credit and financial
markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key
markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and
market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Offering access to all areas of the bond
market, our range includes
global, major
market and strategic bond funds
as well
as specific areas such
as high - yield and government
debt.
At the end of November, the index is trading at a yield of 6.8 % compared to developed
market debt, proxied by the Barclays Capital
Global Aggregate Bond Index, which is offering a scant 1.6 %, also
as of the end of November.
EMD: Emerging
Markets Debt REITs: Real Estate Investment Trust ILBs: Inflation - Linked Bonds MBS: Mortgage - Backed Securities TIPS: Treasury Inflation Protected Securities The example presented is for illustrative purposes and reflects the current opinions of Wellington Management
Global Multi-Asset StrategiesSM team
as of the date appearing in this material only.
Stocks Getting a Boost
as Speculators Await Greek Resolution
Global equity
markets are up sharply after reports that the Greek sovereign
debt problems will be resolved shortly.
Alternative investment strategies may include long / short and
market neutral strategies; bear
market strategies, tactical strategies (such
as debt and / or equity: foreign currency trading strategies,
global real estate securities, commodities, and other non-traditional investments).
As of Sept. 29, 2017, the
global green
market has USD 232.2 billion of outstanding
debt, USD 209.7 billion of which is included in the S&P Green Bond Index and USD 165.7 billion in the S&P Green Bond Select Index.
Our
market - leading lawyers provide expert advice on derivatives,
debt capital
markets and securitisations, acting
as trusted advisers for
global brands.
Our
global securities team helps banks and bank holding companies comply with all requirements
as issuers of their own
debt and equity securities, and
as participants in the full range of corporate finance and public
markets and trading activities.
Michael is ranked in Band 1 in
Debt Capital
Markets by Chambers
Global 2018 and
as a «star» «US / UK qualified expert» by the same directory.
Sample resumes for Fixed Income Traders will include such skills
as providing feedback, research and
global news to the portfolio managers, and performing fundamental and industry analysis for corporate
debt markets.
Now more than ever, the expanding distressed
debt field is of a great interest on a
global stage
as Europe's
debt market continues growing and outperforming the US.