Strains in
global financial markets continue to pose significant downside risks to the economic outlook.
This week,
the global financial markets continued to stabilize following weeks of increased turmoil.
TORONTO, April 23, 2014 - Pension assets rose for a third successive quarter as
global financial markets continued to progress during the first quarter, according to the latest survey from RBC Investor & Treasury Services.
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.
The earthquake that rocked Wall Street and the
global financial markets in 2008
continues to reverberate today.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018
financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or
continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs);
continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings;
market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain
global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other
market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
While
financial markets have been turbulent, the recent data on economic activity suggest that the
global economy is
continuing to recover from the sharp downturn in late 2008 and early 2009.
Citing persistent weak labor -
market conditions and
continued global financial turmoil, the Fed says its monetary easing «should put downward pressure on longer - term interest rates, support mortgage
markets and help to make broader
financial conditions more accommodative.»
Modern Woodmen of America
continued in the second - ranked position and
Global Atlantic
Financial Group, Great American Insurance Group, and EquiTrust rounded - out the top five carriers in the
market, respectively.
NEW YORK (AP)-- The latest on developments in
global financial markets (all times local): 4:00 p.m. Stocks are closing out their first losing month since February as a quiet summer
continues on Wall Street.
These developments, or the perception that any of them could occur, have had and may
continue to have a significant adverse effect on
global economic conditions and the stability of
global financial markets, and could significantly reduce
global market liquidity and restrict the ability of key
market participants to operate in certain
financial markets.
These include, but are not limited to, a bear
market in
financial assets, a downturn in the
global economy,
continued currency turmoil, and of course, bullish supply - and - demand fundamentals.
Also in 2015, divergence in monetary policies unsettled developed currency
markets: the European Central Bank and the Bank of Japan
continued quantitative easing programs while the Federal Reserve rhetorically led
markets on a long, slow walk to the first increase in the fed funds rate since the
global financial crisis.
In recent years
global markets have
continued to adapt to the growing role of China's economy and
financial system.
It may be possible for either Ripple or Ethereum to beat the
market cap of Bitcoin in the long term if future protocol enhancements are implemented and with the
continued backing of
global financial heavyweights.
Optimism in
global financial markets has increased further over the past three months, as the US - led
global economic recovery
continues to gather pace.
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.
We believe many emerging -
market countries, most of which reformed their economic and monetary policies after the
global financial crisis, appear well positioned for
continued growth.
The Committee
continues to see the risks to the outlook for economic activity and the labor
market as nearly balanced but is monitoring
global economic and
financial developments.
International
markets remain outstanding in the Pacific Rim, with China and India coal import demand
continuing at record rates and developed economies running at higher capacity factors as they recover from the
global financial crisis.
Continues to act for multiple
global investment bank traders in respect of SFO, FCA New York Department of
Financial Services and US Department of Justice investigations into the foreign exchange
markets.
This venture is a testament to Therium's
continued innovation of the third party funding industry, driven by growing demand for funding of
financial services cases, as highlighted by the firm's recent research, and the increasing complexity of
financial products and transactions across the
global financial markets.
«Dublin is an important legal
market and a key
global hub for the
financial services and technology sectors, in addition to being well located to support our
global tax practice, and will
continue to be so, particularly in the context of Brexit, as we expect more institutions to have or develop a presence in the country.»
As new technologies
continue to reshape the
global financial industry, we
continue to explore new ways to evolve our business to address client needs in both traditional and non-traditional
markets.»
With the inclusion of CCX30 on a popular
global news media outlet, the cryptocurrency
market is poised to handle extra attention it is going to get soon from mainstream investors and
financial institutions...
Continue reading Breaking News!
«As the
financial services industry
continues to become more digital and open, we see significant opportunities in companies and solutions that have the promise to transform
global markets through technical innovation,» says Tom Jessop, managing director of Goldman's strategic investment group.
«We operate in a highly competitive environment and will
continue to experience intense competition from local and
global financial institutions as well as new entrants, in both domestic and foreign
markets.»
Forward - looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward - looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general
global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the
financial auditing and corporate governance standards applicable to cryptocurrencies and ICO's; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund
continued development of the Company's business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation.
Confirming the national trend towards downsizing to more manageable homes, the number of flats and townhouses built has also risen, brought to
market by developers who
continue to demonstrate confidence in the marketplace, following their return after a long absence in the wake of the 2007
global financial crisis.
«With lingering concerns over a weak second - quarter reading of U.S. GDP growth, along with
continuing anxiety over
global growth and
financial markets, rates...
Mortgage rates
continue to drop, as
global financial markets appear to have affected the U.S. stock
market.
Continued low interest rates are driving the key
global housing
markets, in spite of relatively sluggish economic growth and heightened
financial market volatility.
«Despite some
global financial instability with regards to the U.S. housing
market, Canada
continues to experience robust employment levels, ongoing income gains and low mortgage rates,» says Bob Dugan, chief economist for CMHC.
Global capital
markets volatility, a
continued low interest rate environment and increased
financial regulation are just some of the pressures real estate investors are facing at this point in the cycle, prompting strategy tweaks with a renewed focus on capital preservation.
With the Federal Reserve sticking with its lower for longer interest rate policy in the face of
global economic headwinds and
financial market turmoil, it seems loan growth is poised to
continue its expansion uninterrupted.