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☆ Eva Longoria, 49, says she's doing 'everything' to age well — from cold-plunging to red-light therapy
▼ + stars: | 2024-11-15 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

Eva Longoria shared wellness practices that she lives by. Longoria, who will turn 50 in March, added that she's 'excited' to age. Not because I don't want to age but because I do want to age," said Longoria, who turns 50 in March. "For me, age is just a number, but I'm excited," Longoria added. In 2016, Longoria told "The Cut" that people should prioritize their time and efforts toward wellness.

Persons: Eva Longoria, Longoria, —, Eva Longoria's, Marie Claire, I'm, Venki, Mary Ní Lochlainn, It's Organizations: Service, M University, Kingsville, Business Insider, King's College London Locations: kinesiology, Texas

☆ A Nobel Prize-winning scientist who wrote a book on aging cycles 6 miles a day at age 72. Here are 3 things he does to stay healthy.
▼ + stars: | 2024-11-08 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVenki Ramakrishnan, a Nobel laureate and former president of the world's oldest scientific academy, the Royal Society, has been watching as aging science and the hype around it has exploded. There have been some real scientific breakthroughs, deepening our understanding of the fundamental causes of aging, Ramakrishnan told Business Insider. AdvertisementCycling everydayExercise has all kinds of benefits for healthy aging, Ramakrishnan said. Research suggests that getting enough good quality sleep could add a few years to your life.

Persons: —, Venki, Ramakrishnan, He's, Michael Pollan's Organizations: Service, Royal Society, Business, Allied Market Research, FDA, British, of Sports Medicine, American College of Cardiology's Locations: Cambridge

☆ Asian Americans favored Harris, but shifted right by 5 points
▼ + stars: | 2024-11-06 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Asian American support for Donald Trump was 5 points higher this election cycle than in 2020, marking a slight shift to the right. The NBC News Exit Poll of early and Election Day voters indicated that 54% of Asian American voters chose Harris, while 39% voted for Trump. Harris lost seven points compared to Asian American Pacific Islander (AAPI) support for Biden in 2020. “The pendulum has started to swing back.”Ramakrishan pointed out that previous polling showed that the economy was a major priority for the Asian American electorate. And for the Asian American community, a group that owns more than 3 million small businesses, that perception was particularly effective.

Persons: Donald Trump, Harris, Karthick Ramakrishnan, ”, ” Ramakrishan, you’re, ” Ramakrishnan, Ramakrishnan, Trip Yang, Trump, Bill Clinton’s, Barack Obama, Trump’s, Ramakrishan, “, ” Yang, Biden Organizations: NBC, Trump, American Pacific, Biden, AAPI, Democratic, American, Democratic Party, Republican Party, Asian American, GOP Locations: U.S, Asian American, American, “

After Harris became the nominee, support from Asian American women jumped to 72%. Support from Asian American men also increased, but not as drastically, sitting now at 59%. Though not nearly as strong as Harris’ pull on Asian women, there are factors that might be siphoning Asian men, Ramakrishnan said. Trump has made marginal gains among Asian men too, he said, but Harris’ draw on both groups far outweighs it. “AAPI women and South Asian women view abortion access as health care,” said Varun Nikore, executive director of the nonprofit AAPI Victory Alliance.

Persons: Sumati Thomas, Kamala Harris, “, ”, “ I’m, Harris, Roe, ” Thomas, Joe Biden, it’s, Karthick Ramakrishnan, Ramakrishnan, hasn’t, AAPI, Harris ’, Trump, Thomas “, President Trump, ” Trump, Steven Cheung, Trump’s, Varun Nikore, they’ve, Thomas, ” Nikore Organizations: Democratic, AAPI, NBC, Victory Alliance Locations: Mississippi, American, Harris, droves

☆ What a trip to Georgia's 'Seoul of the South' says about the Asian American vote
▼ + stars: | 2024-10-31 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +2 min

In 2020, Asian American turnout in Georgia surged by 84% compared with the previous presidential election, playing a larger role than ever in an election that Joe Biden won by a very narrow margin. And much has been made of the local Asian community since then. Many are also newer immigrants, so specific ethnicity — Korean or Vietnamese, for example — is more of an identity than simply being Asian American. “National identity matters a lot more than their pan ethnic or racial identity,” said Karthick Ramakrishnan, founder of AAPI Data, a research group. Many Asian Americans are small-business owners or work in health care or the service industry or for international companies.

Persons: Joe Biden, Chris Suh, ”, Karthick Ramakrishnan, Johnie Tran, Simona Li, Elijah Nouvelage, Phi Nguyen, “, Donald Trump, whittle, Kamala Harris ’, carmaker Kia Organizations: Emory University, AAPI, NBC News, Democratic, Gwinnett, Buford Locations: Georgia, Gwinnett, Atlanta, Duluth, Atlanta’s, “ Seoul, Suwanee, Lawrenceville, Korean

☆ Harris leads Trump by almost 40 points among Asian American voters, a new poll shows
▼ + stars: | 2024-09-24 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +4 min

The poll showed that 66% of Asian American voters plan on backing Harris, while 28% say they’ll be voting for Trump. It featured 1,105 Asian American registered voter respondents, and reported a margin of error of plus or minus 5.1 percentage points. Before Harris entered the race, 46% of Asian American voters said they would choose Biden. Meanwhile, 28% of Asian American voters have a favorable opinion of Donald Trump, slightly down from previous polling. Tim Walz was found to be favorable among 56% of Asian American voters, more than twice the percentage that found Republican Sen. JD Vance favorable.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Karthick Ramakrishnan, “ Harris, Biden, ” Ramakrishan, favorability, ” Ramakrishnan, “, ”, Ramakrishnan, Dobbs, Roe, Wade, Hillary Clinton’s, Tim Walz, Republican Sen, JD Vance, it’s Organizations: Trump, Asian American, Data, Pacific Islander American, Pew Research Center, National Opinion Research, Democratic Gov, American, Republican, NBC Asian Locations: America, U.S, NBC Asian America

☆ 88% of Asian Americans in California plan to vote but half aren’t being contacted, they say
▼ + stars: | 2024-09-10 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +4 min

The group released the survey last week with two nonprofit organizations, Asian Americans and Pacific Islanders for Civic Empowerment Education Fund and Asian American Futures. The survey authors interviewed 1,253 Asian Americans across six of the largest Asian ethnic groups in California. Ramakrishnan said the results are relatively consistent with Asian American voters in the past. Still, there continues to be a misconception that appealing to Asian Americans, which often requires multilingual outreach, is too expensive, Ramakrishnan said. But hiring more Asian Americans on campaigns could help solve that issue.

Persons: ”, Karthick Ramakrishnan, Nina Raneses, ” Raneses, Harris, Walz, ” Ramakrishnan, Ramakrishnan, Dave Min, Republican Scott Baugh Organizations: Democratic, Republican, Asian American, Pacific Islanders, Civic Empowerment Education Fund, American Futures, American, Democratic Party, Republican Party, NBC News, Democratic National, Pacific, DNC, California Asian, Asian, Congressional Locations: California, U.S, Americans, Southern California, Central Valley

The area, nearly all white 20 years ago, has since begun to teem with South Asian life. That energy is mirrored throughout the South Asian American electorate. Michigan is one of only five states with a South Asian member of Congress, Democratic Rep. Shri Thanedar, and Sawni says she’s ready to see a South Asian person in the White House, too. “South Asian voters and Indian Americans in particular are among the fastest-growing segments of the electorate,” he said. On a local scale, experts say more South Asian Americans are running for office than ever before.

Persons: Kannan Udayarajan, ”, Shekar Narasimhan, “, Kamala Harris ’, Chintan Patel, Harris, Karthick Ramakrishnan, It’s, ” Udayarajan, Udayarajan, “ Kamala Harris’s, it's, Walz, Andrew Peng, Harris ’, Shri Thanedar, Sawni, Joe Biden’s, Biden, Trump, Tanjina, ” Islam, ’, President Trump, Steven Cheung, Ramakrishnan, “ They’re, ” Narasimhan, J.J, Abbott, “ Kamala, Yagnesh Choksi, Kamala, don’t, they’ve Organizations: American, South, Indian, South Asian, Community, AAPI, “, Democrats, Harris, Democratic Party, Pew Research Center, NBC News, Mexicans, Michigan, Democratic, Trump Locations: Forsyth County , Georgia, Georgia, Michigan, Pennsylvania, U.S, Indian, South, Forsyth County, Forsyth, Asian, Gaza, Tanjina Islam, “

☆ Asian Americans have largest voter registration increase, new analysis shows
▼ + stars: | 2024-09-05 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

They found that registration for Asian American, Native Hawaiian and Pacific Islanders increased by 43%, from 550,682 to 787,982 voters. However, things changed in 2020 when Asian Americans had a significant double-digit increase in presidential election turnout. Ramakrishnan pointed out that since the data set ended before Vice President Kamala Harris entered the race, it’s likely that the increase in Asian American voter registration is even more dramatic. “We’re seeing this more generally, regardless of race and ethnicity, but especially what I’ve seen is among younger voters, among female voters, voter registration has gone up significantly in the last month,” he said. “I would expect the Harris candidacy to also drive higher voter registration and higher voter interest among Asian Americans.”For more from NBC Asian America, sign up for our weekly newsletter.

Persons: Sarah Poontong, Poontong, couldn’t, “, ” Poontong, ” Christine Chen, APIAVote, Chen, “ There’s, ” Chen, Karthick Ramakrishnan, who’ve, they’ve, they’re, ”, Ramakrishnan, ” Ramakrishnan, Donald Trump, she’s, Kamala Harris, Harris Organizations: Pacific Islanders, NBC News, U.S . Capitol, American, Pacific, Asian, Trump, NBC Asian Locations: Hawaiian, U.S, Asia, Thailand, Chicago, Georgia, NBC Asian America

☆ Cheating death: The latest research on aging and immortality from a Nobel Prize-winning scientist
▼ + stars: | 2024-04-09 | by ( Jessica Dulong | ) edition.cnn.com time to read: +11 min

Ramakrishnan shares his perspectives on the realities of aging, death and immortality. Nobel Prize-winning molecular biologist Venki Ramakrishnan offers his perspective on aging, death and immortality. But biologists don’t believe that aging and death are programmed in the sense that a fertilized egg is programmed to develop into a human being. Larger animals tend to live longer. CNN: What are the societal costs of the quest to cheat aging and death, particularly inequities?

Persons: Harper Collins, Nobel, Venki Ramakrishnan, Venki, they’ve, Jeanne Calment, Dolly, I’m, it’s, Don’t, Steven Johnson, we’re, we’d, It’s, Jessica DuLong, ” Organizations: CNN, Aging Locations: French, Brooklyn , New York

As well as celebrating the year in movies, the annual extravaganza has long been the red carpet event of the year. Kevin Mazur/Getty ImagesTeo Yoo. Alberto Rodriguez/Variety/Getty ImagesJamie Lee Curtis looked elegant in a flowing black gown by Dolce & Gabbana. Kevin Mazur/Getty ImagesLeah Lewis, star of Best Animated Feature “Elemental,” looked dreamy in a layered Lever Couture gown featuring a whimsical train. Marleen Moise/Getty ImagesTaylor Zakhar Perez popped on the red carpet with a blue Prada suit styled by leading celebrity stylist Jason Bolden.

Persons: Margot Robbie who’s, “ Barbie ”, Colman Domingo, America Ferrera, Billie Eilish, Zendaya, Danielle Brooks, Mike Coppola, Andrea Riseborough, Loewe, Alberto Rodriguez, Ferrera, Richard Shotwell, Steinfeld, Elie, Sarah Meyssonnier, Huy Quan, Giorgio Armani, Jordan Strauss, Kirsten Dunst, Jesse Plemons Jordan Strauss, Louis, David Yurman, Laverne Cox, David Swanson, Issa Rae, Mark Ronson, Grace Gummer, Kevin Mazur, Teo Yoo, Barbie, Simu Liu, Sean Lennon, Kemp Muhl, Gilbert Flores, Sandra Hüller, Cartier, Justine Triet Jordan Strauss, AP Gabrielle Union, Dwyane Wade Kevin Mazur, Ludwig Göransson Kevin Mazur, Masaki Takahashi, Takashi Yamazaki, Kiyoko, Christina, Eva Longoria’s, Tamara Ralph, Rita Moreno, Reuters D'Pharaoh Woon, Chasinghorse, Jamie Lee Curtis, Omar Rudberg, Sarah Morris, WireImage, Sean Wang, Chang Li Hua, Sam Davis, Yi Yan Fuei, Chang, Yi, Leah Lewis, Gregg DeGuire, Dominic Sessa, Tom Ford, Celine Song, Reuters Marlee Matlin, Oscar, dazzled, Raymond, Marleen Moise, Ramakrishnan, Zuhair Murad, Getty, Taylor Zakhar Perez, Jason Bolden, Erika Alexander Organizations: CNN, Dolby Theatre, Hollywood’s, America, Dolce, Gabbana, Elie Saab, Louis Vuitton, Getty, AMI Paris, Variety, AP, Los Angeles Times, Reuters Locations: AFP

☆ New moon mission will attempt to make a historic landing
▼ + stars: | 2024-02-17 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Relying on his ace piloting skills, Armstrong manually navigated to a safe landing site, with only 30 seconds of fuel left. NASAAfter launching early Thursday morning, the Odysseus lunar lander, or “Odie,” is on a historic journey to the moon. The mission, developed by NASA and Houston-based Intuitive Machines, will aim to land near the lunar south pole on February 22. Ocean secretsResearchers created a 3D model of the submerged stone wall as it appears on the seafloor in Germany’s Bay of Mecklenburg. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: CNN —, Neil Armstrong, Buzz Aldrin, Armstrong, it’s, Odie, ”, Jeff Koons, Artemis III, Charles Darwin, Dr, John van Wyhe, Darwin, . Hoy, J . Auer, LAKD, “, Gaurav, Gaurav Ramnarayanan, Uma Ramakrishnan, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, Darwin, National University of Singapore, University of Rostock, Wildlife, National, for Biological Sciences, Space Station, CNN Space, Science Locations: United States, Houston, Germany’s Bay, Mecklenburg, Bay, Baltic, SS Arlington, Superior, Denmark, Lincoln , Nebraska, British Columbia

☆ Why a rare ‘golden’ tiger photographed in India is worrying conservationists
▼ + stars: | 2024-02-15 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

But golden tigers — also known as golden tabby tigers or strawberry tigers — are not a subspecies: they’re the result of a genetic mutation that changes the color of their fur. Ramnarayanan spotted the golden tiger, which came within 100 meters of the group, while guiding a safari in the wildlife reserve. The big cat is one of four "golden" tigers in Kaziranga, according to the park's official social media. If Kaziranga’s tiger population becomes more isolated, issues like inbreeding will threaten the population, said Sharma in his post on X. For photographer Ramnarayanan, Kaziranga’s golden tiger was his first sighting of these unusually colored big cats.

Persons: Gaurav Ramnarayanan, Ramnarayanan, “ I’ve, —, Uma Ramakrishnan, There’s, ”, that’s, Gaurav, Mayuresh Hendre, Rabindra Sharma, Sharma, Kota Ullas Organizations: CNN, UNESCO, Heritage, National Center for Biological Sciences, Centre for Wildlife Studies Locations: India’s, Assam, Kaziranga, Mumbai, ”, India

About half of Asian Americans, Native Hawaiians and Pacific Islanders in the United States believe the country is giving too much support of Israelis and not enough for Palestinians amid the Israel-Hamas war in Gaza, according to a poll that shows those views are dominant among young adults. The majority of Asian and Pacific Islander adults between the ages of 18 and 34 share these views. Some Asian Americans see parallels with family members' struggles with colonialism or genocide in Asian countries. When it comes to Jewish communities, 44% of AAPI adults say U.S. support is about right, while 26% say it's not supportive enough. This view was also shared by most AAPI adults under age 35.

Persons: Derek Pang, Israel, ”, Pang, ” Orrie Allen, Allen, Benjamin Netanyahu, Karthick, ” Ramakrishnan, Shakeel Syed, “, ‘, Syed, Thomas Lee, ” Lee Organizations: Pacific Islanders, AAPI, Associated Press, NORC, for Public Affairs Research, Pacific, Democrat, ., Republican, Health Ministry, University of California, South Asian Network, South, American Locations: Hawaiians, United States, Israel, Gaza, U.S, Austin , Texas, American, Marysville , California, Israeli, Riverside, South, Los Angeles, Long, , New York, Hawaiian

☆ Uncertain 2024 makes US companies refinance debt sooner, not later
▼ + stars: | 2023-11-30 | by ( Matt Tracy | ) www.reuters.com time to read: +3 min

Doubts that debt issuance conditions will be as strong in 2024 as they are now, with markets still divided on the direction of interest rates and the economy, have also driven the interest in doing deals now. Credit spreads are underpricing recession risk, said Nate Thooft, senior portfolio manager for Manulife Investment Management. Even if companies waited for rate cuts in 2024, declines in all-in funding costs may not necessarily follow, as credit spreads could then widen, said Amol Dhargalkar, managing partner at Chatham Financial. But Natalie Trevithick, head of investment grade credit strategy at Payden & Rygel, said economic data was too strong for cuts. Some $770 billion of investment-grade rated bonds mature in 2024 and over $900 billion in both 2025 and 2026, according to data by Morgan Stanley (MS.N).

Persons: Joshua Roberts, Maureen O'Connor, Edward Marrinan, Nate Thooft, Amol Dhargalkar, Natalie Trevithick, Morgan Stanley, Steven Oh, Matt Tracy, Shankar Ramakrishnan, Davide Barbuscia, Barbara Lewis Organizations: Federal Reserve, REUTERS, ICE, BMO Capital Markets, Investment, Informa Global, Treasury, Federal, Nikko Securities America, Manulife Investment Management, Chatham Financial, Deutsche Bank, PineBridge Investments, Thomson Locations: Washington , U.S, Wells, U.S

These deals help banks meet capital requirements more efficiently, allowing them to keep lucrative businesses that would otherwise become unprofitable. Investors in these deals include lightly-regulated entities like hedge funds, shifting risk to the shadow banking sector. Credit risk transfer is another tool for them to pursue after the Fed’s clarification on what is allowed, said Cory Wishengrad, head of fixed income at Guggenheim Securities. That means Merchants sold the riskiest tranche of the loan portfolio, maximizing the capital relief it could get on it. Whether U.S. regulators will allow such insurance deals to qualify for capital relief is still untested, Staudinger said.

Persons: Morgan Stanley, Blackstone, Jill Cetina, Jon, Claude Zucconi, Zucconi, Michael Barr, Barr, Banks, Missy Dolski, Sam Graziano, Graziano, Cory Wishengrad, Jed Miller, Taft, Morgan Stanley's, Morgan, Deborah Staudinger, Hogan Lovells, Staudinger, Shankar Ramakrishnan, Paritosh Bansal, Nick Zieminski Organizations: Blackstone Group, JPMorgan Chase, Merchants Bank of Indiana, US Bancorp, Investors, JPMorgan, Merchants Bank, Federal Reserve, Varde Partners, Financial, Guggenheim Securities, U.S . Bank, Fed, Reuters, Merchants, Thomson Locations: U.S, Wickersham, Europe, Indiana

☆ Exclusive: Bayer holds call with bond investors after raft of bad news
▼ + stars: | 2023-11-22 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com time to read: +3 min

The bad news prompted some bond investors to question whether Bayer should sweeten the terms of the deal or outright pull it, one of the sources said. The drug-to-pesticides group priced the investment grade bond on Thursday last week, with the deal closing on Tuesday. Bayer priced bonds with maturities between three to 30 years. It was the 10th largest investment grade bond deal by an industrial company this year and attracted more than $22 billion in orders, according to Informa Global Markets. The events were "not enough to trigger a material adverse change clause in bond documents for investors to ask to be paid back," said CreditSights' Brady.

Persons: Wolfgang Rattay, Bayer, Andrew Brady, CreditSights, JP Morgan, Wells, Brady, Shankar Ramakrishnan, Ludwig Burger, Mike Erman, Paritosh Bansal, Marguerita Choy Organizations: Bayer AG, REUTERS, Bayer, Nomura Holdings, Informa Global Markets, Citigroup, Nikko Securities America, RIC, Thomson Locations: Leverkusen, Germany, Seattle

Sustainability-linked loans (SLL), which were first used in 2017, offer slightly cheaper borrowing, typically around 2.5-10 basis points less, if companies meet goals such as cutting their carbon emissions or improving board diversity. These let banks strip the sustainability-linked label from the loans if targets are no longer deemed appropriate. The banks' tougher standards are discouraging some borrowers from using SLLs entirely, bankers and lawyers told Reuters. The Engie spokesman said the utility would not agree to linking an event of default to sustainability targets. "We have stated our willingness to walk away when sustainability targets were too soft," said Brittany Agostino, vice president in the environmental, social and governance group at Los Angeles-based Ares.

Persons: Toby Melville, Banks, Constance Chalchat, Pascale Forde Maurice, Elliot Beard, Simmons, Beard, I've, David Milligan, Norton Rose Fulbright, Gemma Lawrence, Pardew, Brittany Agostino, Fredrik Altmann, Tommy Reggiori Wilkes, Isla Binnie, Shankar Ramakrishnan, Simon Jessop, Alexander Smith Organizations: FCA, Financial, Authority, REUTERS, LONDON, BNP, Corporate, Institutional Banking, Reuters, JPMorgan, Ford Motors, SLLs, CIB's, European, Sustainable Investment Banking, Simmons, Norton Rose, Market Association, BMW, Porsche, Thomson Locations: London, Britain, North America, Asia, Los Angeles, New York

☆ Liquidity gridlock worsens in US commercial real estate sector
▼ + stars: | 2023-11-08 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com time to read: +5 min

And those workouts are becoming mathematically untenable even for private lenders. Borrowing costs for the CRE market have risen more than income, a situation prompted by the steepest jump in interest rates in decades. NO REAL OPTIONRising caution among private lenders will worsen the paucity of liquidity for property owners who have no real exit option. Some private lenders faced the risk of ending up paring their portfolios that were expensive to manage, he added. But the firm's head of commercial real estate economics Thomas LaSalvia said probability of a contagion effect was low.

Persons: Mike Comparato, Jeff Holzmann, Razmig Boladian, Claudia Faust, Alex Horn, Horn, Jay Hiemenz, Thomas LaSalvia, Shankar Ramakrishnan, Anna Driver Organizations: Realty Trust, RREAF Holdings, Rubicon Point Partners, Hawkeye Partners, Thomson Locations: Franklin, Texas

But they are going only as far as the safest bets in the junk category, bonds rated BB and B. Junk bond spreads, the additional interest rate investors demand over safe Treasury bonds, tightened sharply. The spreads of those rated BB and B, or the higher rungs of junk, had tightened 47-52 basis points last week, according to Informa Global Markets data. Four junk bond issuers – Bombardier (BBDb.TO), Venture Global LNG, Smyrna Ready Mix Concrete and InfraBuild Australia - announced bond offerings on Monday. The spotty access to bond markets does not bode well for poorly rated companies.

Persons: Rick Wilking, ”, Edward Marrinan, Peter Knapp, Winnie Cisar, bode, Morgan Stanley, Moody's, Manuel Hayes, Shankar Ramakrishnan, Paritosh Bansal, Andrea Ricci Organizations: REUTERS, Federal, Nikko Securities Americas, Investors, JPMorgan, Informa, CCC, Bombardier, Venture Global LNG, “, London, Insight Investment, Barclays, Thomson Locations: Westminster , Colorado, Smyrna, Australia

☆ Analysis: Three years after DirectBooks, US bond market still phoning it in
▼ + stars: | 2023-10-30 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com time to read: +6 min

There is also some concern about job losses and loss of market access by smaller banks. Changing an organization's behavior is difficult and takes sustained effort, said DirectBooks CEO Rich Kerschner. Interest in automation grew as desks struggled with corporate bond volumes that touched a record $1.78 trillion in 2020. Three years into it, only a small proportion of orders and allocation messages for a new bond were going through DirectBooks. Once in place, hundreds of investors using OMS platforms could send their order messages and receive allocation messages through DirectBooks, said Kerschner.

Persons: Carlo Allegri, Rich Kerschner, Spencer Lee, salespeople, Daniel Botoff, Goldman Sachs, Morgan Stanley, DirectBooks, Chris Sztam, BlackRock's Aladdin, RBC's Botoff, Shankar Ramakrishnan, Anna Driver Organizations: New York Stock, REUTERS, Bloomberg, underwriters, RBC Capital Markets, Bank of America, Barclays, BNP, Citi, Deutsche Bank, JPMorgan, P Global Market Intelligence, Development, Thomson Locations: Manhattan, New York City , New York, U.S, Wells, DirectBooks, Charles

That's despite Congress recently passing a short-term funding package that averted a U.S. government shutdown but dropped $6 billion in aid to Ukraine. Political Cartoons View All 1199 ImagesOfficials from the Washington-based IMF also said Ukraine’s economy was showing surprising resilience despite widespread damage from Russia’s war. Ukraine is “making good progress” on passing legislation on a specialized anti-corruption prosecutor, said IMF Ukraine mission chief Gavin Gray. IMF loan agreements with Ukraine before the war had stalled due to lack of progress in curbing corruption and the influence of politically influential business moguls. ___This story has been corrected to show that the IMF loan package is over four years, not three.

Persons: It's, “, Biden, Uma Ramakrishnan, Gavin Gray, Volodymyr Zelenskyy, Nathan Epstein, ___ McHugh Organizations: —, International Monetary Fund, Institute, IMF, Ukraine, Bills Locations: KYIV, Ukraine, United States, U.S, Kiel, Germany, Kyiv, Washington, Ukrainian, Frankfurt

By doing so, if they get capital relief, they would reduce the capital they need to keep against them for regulatory capital purposes, according to banking industry sources. “There has certainly been growing interest in these transactions as banks seek regulatory capital relief," said Missy Dolski, global head of capital markets at alternative investment firm Varde Partners, an active investor in such products. "This guidance makes it more clear what structures would need affirmative approval for capital relief and what is required to comply," she added. Directly issued credit-linked notes could also qualify but would need to be approved by the Fed, said the Q&A. These clarifications come after growing calls for clarity on which of these bespoke trades issued by U.S. banks would qualify for capital relief, the banking industry sources said.

Persons: Missy Dolski, Michael Bright, ”, Shankar Ramakrishnan, Megan Davies, Daniel Wallis Organizations: Federal Reserve, Varde Partners, Fed, SPV, Structured Finance Association, European Central Bank, Reuters, Thomson Locations: U.S, Major U.S

☆ IMF team to begin meeting officials in Ukraine
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. The IMF said last week its mission had begun its second review of a $15.6 billion multi-year loan program for the country. The four-year programme for Kyiv is part of a $115-billion global package to support the economy as Ukraine battles Russia's invading forces. "An IMF team, led by Uma Ramakrishnan, Deputy Director of the Fund's European Department, starts meetings today in Kyiv with the Ukrainian authorities and other stakeholders," Stepanyan said in a statement. "The high-level engagement will focus on policy goals and challenges in the context of Ukraine’s program supported by the IMF Extended Fund Facility (EFF) Arrangement."

Persons: Yuri Gripas, Vahram Stepanyan, Uma Ramakrishnan, Stepanyan, Pavel Polityuk, Hugh Lawson Organizations: Monetary Fund, REUTERS, Rights, IMF, Fund's European Department, Fund, Thomson Locations: Washington , U.S, Ukraine, Russia, Kyiv

☆ US junk debt deals carry higher guardrails for investors
▼ + stars: | 2023-09-15 | by ( Matt Tracy | ) www.reuters.com time to read: +4 min

Twelve high-yield issuers have raised $9.6 billion this week, making it the busiest week since November 2021, according to JPMorgan. This stands in stark contrast to the same period in 2022, when only 25% of a total $81 billion was secured debt, according to Informa Global Markets data. According to rating agency Fitch, junk debt defaults are expected to reach 4.5% of all outstanding U.S. junk debt by the end of 2023, up from 2.8% in July. The extra level of protection and high investment returns are ensuring strong demand for new junk debt. The loans are part of a $9.4 billion debt package - the largest since last year's buyout of Twitter by billionaire Elon Musk.

Persons: Brendan McDermid, Fitch, Anthony Canale, it's, Brian Gelfand, TCW, Goldman Sachs, Elon Musk, Jefferies, Simon, Matt Tracy, Shankar Ramakrishnan, Hugh Lawson Organizations: New York Stock Exchange, REUTERS, JPMorgan, Informa, Reuters, Covenant, ICE, Morningstar, GTCR, KKR, Jefferies, Thomson Locations: New York City, U.S

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