P50

Mutual funds and safe government bonds: do returns matter?

Retrieved on: 
torsdag, april 25, 2024
ACT, Safe Haven, Research Papers in Economics, Flight, Policy, B.3, ICAPM, RT, Journal of International Economics, Krishnamurti, Business, CIP, International, Observation, P25, Safety, A23, Benchmarking, B.2, FX, Paper, TSD, Environment, Journal of Financial Economics, Bogdanov, Federal, Website, United, A14, Total, The Economic Journal, Eurozone, Face, G11, Quarterly Journal of Economics, Interest rate parity, History, WD, Investment, Liquidity premium, Politics, OLS, Statistics, G15, Caballero, PDF, Classification, ECB, Foreign exchange market, AC, P99, Federal funds, Froot, Lethargy, Social science, Interest, JEL, Bias, Journal, Research, Journal of Economic Literature, The Journal of Finance, E.3, Literature, Federal Reserve, Parity, European Central Bank, AA, Annual Review, Growth, Bank of England, FRED, S&P, Injection, Risk, Elasticity, Government, G12, Finance, BIS, S1, JL, E.1, Money, Depreciation, Asset, Treasury, Federal Reserve Economic Data, A11, A10, R2, Section 4, UMP, A4, Boj, Section 3, Accounting, SJ, Fed, Mutual fund, Lustig, University of Lausanne, Section 2, P75, Foreign-exchange reserves of India, Assets under management, A19, GBP, FE, American Economic Review, A22, E.5, A3, A21, Flight-to-liquidity, Aggregate demand, G23, WT, USD, Autocorrelation, CAD, UIP, Currency, XR, Quarterly Journal, Appendix H, Capital, P95, A6, Zhu, University, B.1, P50, CHF, Transmission, Swings, Estate (law), EUR, Bank for International Settlements, JPY, E.4, Central bank, Multicollinearity, Bank, Fixed effects model, Reproduction, CAP, The Atlanta Jewish Times, VIX, Data, Om, Lobster

Key Points: 

    Two Countries Racing to Solve Europe's $800 Billion Energy Crisis

    Retrieved on: 
    onsdag, mars 6, 2024

    LONDON, March 6, 2024 /PRNewswire/ -- At this moment, a fast-moving development is unfolding in Europe's energy industry that is gaining more attention by the day.  Europe's energy crisis, triggered by Russia's early 2022 invasion of Ukraine, put an end to decades of reliance on cheap natural gas supplies from Russia.  In the short term, this meant significantly higher energy prices throughout Europe, with energy costs rising by 40.8% annually within the EU as of September 2022.  Companies mentioned in this release include: TotalEnergies (NYSE:TTE), Eni (NYSE:E), Equinor (NYSE:EQNR), BP plc (NYSE:BP), Shell plc (NYSE:SHEL).

    Key Points: 
    • Europe's energy crisis, triggered by Russia's early 2022 invasion of Ukraine, put an end to decades of reliance on cheap natural gas supplies from Russia.
    • In the short term, this meant significantly higher energy prices throughout Europe, with energy costs rising by 40.8% annually within the EU as of September 2022 .
    • And one company is emerging as a potential leader in the race for home-grown solutions to energy crisis: MCF Energy (MCF.V; MCFNF.QX).
    • BP plc (NYSE:BP) stands as a beacon of innovation and adaptability in the global energy sector, notably within Europe's energy landscape.

    Two Countries Racing to Solve Europe's $800 Billion Energy Crisis

    Retrieved on: 
    onsdag, mars 6, 2024

    LONDON, March 6, 2024 /PRNewswire/ -- At this moment, a fast-moving development is unfolding in Europe's energy industry that is gaining more attention by the day.  Europe's energy crisis, triggered by Russia's early 2022 invasion of Ukraine, put an end to decades of reliance on cheap natural gas supplies from Russia.  In the short term, this meant significantly higher energy prices throughout Europe, with energy costs rising by 40.8% annually within the EU as of September 2022.  Companies mentioned in this release include: TotalEnergies (NYSE:TTE), Eni (NYSE:E), Equinor (NYSE:EQNR), BP plc (NYSE:BP), Shell plc (NYSE:SHEL).

    Key Points: 
    • Europe's energy crisis, triggered by Russia's early 2022 invasion of Ukraine, put an end to decades of reliance on cheap natural gas supplies from Russia.
    • In the short term, this meant significantly higher energy prices throughout Europe, with energy costs rising by 40.8% annually within the EU as of September 2022 .
    • And one company is emerging as a potential leader in the race for home-grown solutions to energy crisis: MCF Energy (MCF.V; MCFNF.QX).
    • BP plc (NYSE:BP) stands as a beacon of innovation and adaptability in the global energy sector, notably within Europe's energy landscape.

    This Could Be The Most Exciting Natural Gas Play in Europe

    Retrieved on: 
    torsdag, februari 29, 2024

    LONDON,  February 29, 2024  /PRNewswire/ -- Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe - a region that is now desperate for affordable domestic resources that Russian Gazprom doesn't control.  Companies mentioned in this release include:  Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy (NYSE:TALO), Cheniere Energy (NYSE:LNG).

    Key Points: 
    • Welchau is adjacent to an up-dip from a discovery that intersected at a gas column of at least 400 meters, testing condensate rich for pipeline-quality gas.
    • Natural gas is being reclassified as green and sustainable, which is a boon for the development of MCF Energy's assets.
    • Their strategic moves in the natural gas sector, especially with their investments in LNG projects and shale gas explorations, position them as a leader in this segment.
    • Their investments in natural gas, especially in North America and Asia, mirror the world's shifting energy consumption patterns.

    This Could Be The Most Exciting Natural Gas Play in Europe

    Retrieved on: 
    torsdag, februari 29, 2024

    LONDON, February 29, 2024  /PRNewswire/ -- Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe - a region that is now desperate for affordable domestic resources that Russian Gazprom doesn't control.  Companies mentioned in this release include:  Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy (NYSE:TALO), Cheniere Energy (NYSE:LNG).

    Key Points: 
    • Welchau is adjacent to an up-dip from a discovery that intersected at a gas column of at least 400 meters, testing condensate rich for pipeline-quality gas.
    • Natural gas is being reclassified as green and sustainable, which is a boon for the development of MCF Energy's assets.
    • Their strategic moves in the natural gas sector, especially with their investments in LNG projects and shale gas explorations, position them as a leader in this segment.
    • Their investments in natural gas, especially in North America and Asia, mirror the world's shifting energy consumption patterns.

    What drives banks’ credit standards? An analysis based on a large bank-firm panel

    Retrieved on: 
    onsdag, februari 7, 2024

    An analysis based on a large

    Key Points: 
      • An analysis based on a large
        bank-firm panel

        No 2902

        Disclaimer: This paper should not be reported as representing the views of the European Central Bank
        (ECB).

      • We find
        that weaker capitalised banks adjust their credit standards more than healthier banks, especially for
        firms with a higher default risk.
      • Here we find t hat w eaker b anks r espond m ore f orcefully by
        tightening their credit standards more than better capitalised banks.
      • On the contrary, weaker banks
        may be more prone to adopt looser credit standards, with the aim of increasing their revenues.
      • To answer these questions, we analyse the determinants of banks? credit standards, i.e., their internal
        guidelines or loan approval criteria applied when deciding on granting credit.
      • 2 Altavilla

        ECB Working Paper Series No 2902

        2

        area banks tighten their credit standards more when linked to riskier firms, measured via firms? leverage
        and default risk.

      • We assess how euro area banks adjusted their credit standards in response to
        the negative COVID-19 pandemic shock, after accounting for government support measures.
      • When deciding on their credit standards, banks assess risks
        based on both their own loss absorption capacity and the credit risk of their borrowers.
      • On the contrary,
        weaker banks may be more prone to adopt looser credit standards, with the aim of increasing their
        revenues.
      • We provide evidence that
        euro area banks tighten their credit standards more when linked to riskier firms, measured via firms?
        leverage and default risk based on the Altman Z-score.
      • In
        addition, they focus on a different research question and use data from the IBLS only as a control.
      • ECB Working Paper Series No 2902

        5

        capital position implies less tightening of lending criteria, possibly reflecting the fact that banks can
        afford to adjust their credit standards more moderately.

      • Based on our results, this implies a stronger deterioration of their lending conditions compared
        with less vulnerable firms.
      • We assess how euro area banks adjusted their credit standards in response to
        the negative COVID-19 pandemic shock, after accounting for government support measures.
      • This is in line with the role of government support
        measures such as loan guarantees mitigating banks? exposure to firms? credit risks as they shield banks
        from firms? increased credit risks.
      • 2

        Related literature

        Our paper is closely related to studies analysing credit supply based on BLS indicators and the impact
        of monetary policy shocks on bank lending conditions in the euro area.

      • Hempell and Kok (2010) disentangle
        pure loan supply based on the BLS factors and investigate the role played by such factors for loan growth.
      • Several other studies link confidential individual BLS data with actual bank-level data, but not firm
        data, allowing an analysis of bank characteristics relevant for bank lending conditions.
      • They find that a short-term interest rate shock decreases both loan supply
        and demand, but more for less healthy banks.
      • Their findings are consistent with the results of our paper on the favourable impact of bank health on lending standards.
      • Both papers tend to find no evidence of higher risk taking of banks as a result
        of accommodative monetary policy.
      • More recent studies are based on
        confidential bank and firm-level data from national credit registers.
      • (2012) who focus on the bank-firm-relationship in Spain, based on credit register data.
      • Ferrero, Nobili, and Sene (2019) arrive at a corresponding conclusion on the risk-taking
        channel based on a confidential loan-level dataset of Italian banks.
      • In another paper, Altavilla, Boucinha, and Bouscasse (2022)
        disentangle credit demand and supply based on euro area credit register data (AnaCredit) for the period
        of the pandemic.
      • Our results emphasise the
        mitigating impact of government guarantees on a tightening of credit standards during the pandemic.
      • This mitigating impact played a major role in loan demand and not credit supply being decisive for lending volumes during the pandemic.
      • Based on their model, accommodative monetary policy is part of the optimal policy mix, combined with social insurance.
      • To keep the wealth of information
        available in the BLS, we run our analysis at the quarterly frequency of the survey.
      • of employees

        101.4

        2456.9

        2.0

        4.0

        12.0

        37.0

        116.0

        14944589

        Panel (a): Banks
        Credit standards

        Loan loss provisions
        Panel (b): Firms

        Notes: Descriptive statistics for the bank-firm sample included in the regression analysis.

      • Specifically, a one
        standard deviation increase in the CET1 ratio leads to 0.2 standard deviations lower credit standards,
        i.e., easier credit standards.
      • In their lending decisions, banks assess risks based on both their own
        loss absorption capacity and the credit risk of their borrowers.
      • ?Credit supply and monetary policy: Identifying the bank balance-sheet channel with loan applications.? American Economic
        Review 102 (5):2301?2326.
      • ?Hazardous times for monetary policy: What do twenty-three million bank loans say
        about the effects of monetary policy on credit risk-taking?? Econometrica 82 (2):463?505.
      • ?The credit cycle and the business cycle: new findings using
        the loan officer opinion survey.? Journal of Money, Credit and Banking 38 (6):1575?1597.
      • guarantees: proxy from BLS, bank level

        0

        .1

        .2

        .3

        .4

        Government guarantees exposure

        -.5

        -.25

        0

        .25

        .5

        Government guarantees exposure

        Notes: Based on results from columns (3) and (6) of Table 4.

    Vascular Perfusion Solutions Receives Grant from Southwest-Midwest National Pediatric Device Innovation Consortium To Develop Portable Pediatric Heart Transplant Preservation Device

    Retrieved on: 
    torsdag, december 7, 2023

    Vascular Perfusion Solutions (VPS), Inc. , is a San Antonio based medical device startup company focused on developing novel prolonged organ preservation technologies prior to transplantation, has received a $25,000 grant from the Southwest-Midwest National Pediatric Device Innovation Consortium (SWPDC) .

    Key Points: 
    • Vascular Perfusion Solutions (VPS), Inc. , is a San Antonio based medical device startup company focused on developing novel prolonged organ preservation technologies prior to transplantation, has received a $25,000 grant from the Southwest-Midwest National Pediatric Device Innovation Consortium (SWPDC) .
    • VPS will use the grant to advance its current VP.S ENCORE® cardiac preservation technology into a portable pediatric device.
    • Pediatric heart failure presents unique challenges compared to its adult counterpart, stemming from diverse causes such as congenital heart defects and cardiomyopathy.
    • In 2021, 1,146 pediatric heart transplant candidates awaited transplantation, with over 40 percent enduring waits of a year or more.

    1MORE Unveils PENTA DRIVER P50 Headphones, Delivering an Exceptional Audio Experience

    Retrieved on: 
    torsdag, september 7, 2023

    With 1 diamond-like carbon (DLC) dynamic driver and 4 exclusive planar units, advanced self-developed technology, ergonomic comfort, and exquisite design, the 1MORE Penta Driver P50 will surpass all expectations, delivering the ultimate immersive audio experience.

    Key Points: 
    • With 1 diamond-like carbon (DLC) dynamic driver and 4 exclusive planar units, advanced self-developed technology, ergonomic comfort, and exquisite design, the 1MORE Penta Driver P50 will surpass all expectations, delivering the ultimate immersive audio experience.
    • 1MORE, a leading audio company dedicated to delivering superior sound quality, announces the launch of their latest innovation, the 1MORE PENTA DRIVER P50 headphones.
    • "We are thrilled to introduce the 1MORE PENTA DRIVER P50 headphones to the market," said a spokesperson for 1MORE.
    • The 1MORE PENTA DRIVER P50 headphones is available for purchase online at Amazon, 1MORE Official, and select retail partners.

    kWh Analytics Publishes 2022 Solar Generation Index, Finds that Solar Energy continues to Underperform Against Estimates

    Retrieved on: 
    tisdag, december 6, 2022

    kWh Analytics, the market leader in Climate Insurance and renewable energy risk management, today released their 2022 Solar Generation Index report .

    Key Points: 
    • kWh Analytics, the market leader in Climate Insurance and renewable energy risk management, today released their 2022 Solar Generation Index report .
    • Underperformance affects investors and lenders critical to the success and growth of solar projects, said Jason Kaminksy, CEO of kWh Analytics.
    • It is imperative that we continue to support the long-term success of the renewable energy sector, said Jason Kaminksy, CEO of kWh Analytics.
    • kWh Analytics has recently been recognized on FinTech Globals ESGFinTech100 list for their data and climate insurance innovations.

    Pulse Oil Corp. Announces Significant EOR Progress

    Retrieved on: 
    måndag, oktober 31, 2022

    In this news release, such statements include but are not limited to Pulses operations and oil and gas resources.

    Key Points: 
    • In this news release, such statements include but are not limited to Pulses operations and oil and gas resources.
    • This forward-looking information reflects Pulses current beliefs and is based on information currently available to Pulse and on assumptions Pulse believes are reasonable.
    • These assumptions include, but are not limited to, conditions facing Pulse at the time of the planned expenditure in advancing the Bigoray EOR project, conducting operations on time and on budget and the anticipated reserves, resources, production, revenue and cash flow anticipated from these operations.
    • The forward-looking information contained in this news release represents the expectations of Pulse as of the date of this news release and, accordingly, is subject to change after such date.