CATASTROPHE BONDS
View: Private cap to trick the trickle to a gush
Climate change is a pressing issue, with estimates suggesting that the cost of climate change could be between $1.2-1.7 trillion per year by 2030. To address this crisis, a financing structure that can tackle the water crisis head-on is needed. The World Bank estimates that $6.7 trillion will be required for water-related infrastructure by 2030, dwarfing current carbon-centric efforts.
Catastrophe bonds provide a financial safety net to insurers
A SBI report published in July said that India ranks third after the US and China in recording the highest number of natural disasters since 1900.
Matthew Perry Death: Max Adds Tribute to Beginning of Each ‘Friends’ Season
In a heartfelt tribute to the late "Friends" star Matthew Perry, streaming platform Max honors his memory with a poignant card at the start of each sitcom season, reminding viewers of the iconic Chandler Bing.
Bond market's twin fears: US debt default, hike in rate
Another wild card: the fitful negotiations in Washington over raising the debt limit to avoid a potentially catastrophic default as soon as next month that would almost certainly alter the Fed's path.
Dollar buoyed by hawkish Fed expectations as debt deal eyed
The dollar firmed against the yen on Friday on the back of rising U.S. Treasury yields, as optimism over debt ceiling talks in Washington raised expectations of higher-for-longer interest rates. President Joe Biden and top U.S. congressional Republican Kevin McCarthy earlier this week underscored their determination to strike a deal soon to raise the government's $31.4 trillion debt ceiling, with hopes of finalising a deal after Biden returns from the Group of Seven meeting in Japan on Sunday
Some investors have not got Evergrande unit's bond interest due Nov 6: Report
Twice in October, Evergrande narrowly averted catastrophic defaults on its $19 billion worth of bonds in international capital markets by paying coupons just before the expiration of their grace periods.
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Market’s tantrum is here, but Fed’s taper is not the cause
To the bemusement of several market watchers, when the US Federal Open Market Committee finally alluded to moderating its asset purchases and bringing it to zero by some time in the summer of 2022 last week, equity investors jumped with joy and most closed higher the following day.
China encourages mainland insurers to sell catastrophe bonds in Hong Kong
Mainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise funds from bond sales, according to a statement of the China Banking and Insurance Regulatory Commission (CBIRC).
Create a market for catastrophe bonds
For another, these offer attractive yields, and so can well be lapped up by long-term investors with the requisite risk appetite.
New kind of loans and bonds could fill $28 billion COVID funding gap: WHO
Bruce Aylward, a senior WHO adviser and its ACT coordinator, said that new financing mechanisms - including concessional loans and catastrophe bonds - were discussed at a meeting of the ACT facilitation council on Monday, co-chaired by Norway and South Africa.
How pandemic bonds became the world's most controversial investment
The harshest critics of the World Bank's experiment have questioned whether it’s appropriate to tie responsibility for public health to private investment at all.
COVID-19 Impact: Create demand, rescue economy
The latest projections, like those by SBI, show catastrophic economic contraction in FY21. There's still time to avoid or largely mitigate this – through an avalanche of government spending aimed squarely at creating demand.
Deadly virus fails to trigger World Bank’s pandemic bonds
The decision follows months of speculation on whether holders of the high-coupon bonds would finally take a hit to free up cash for struggling health systems.
SC rejects telcos' AGR plea: Airtel better placed, Voda’s survival in doubt
Telcos face over Rs 1.02 lakh crore in additional licence fees, SUC, penalties and interest.
Irdai asks insurers to diversify risks to avoid repeat of IL&FS-type fiascoes
The regulator also said insurers need to diversify their investment strategies so the risks faced by them are multi-dimensional.
A hard Brexit will be a catastrophe for everybody: Michael Every, Rabobank International
“In 2019, flows to be in fits and starts and there could be a repeat of worst parts of 2018.”
Goldman sees another weak year after a lousy 2018
Goldman has also recommended that investors consider derivatives.
DEA secretary, Subhash Chandra Garg takes a dig at Viral Acharya
Both the RBI and the government have found themselves caught in a public spat on the issue of autonomy of the RBI.
Saving the Titanic: India took control of IL&FS to avert "catastrophic" damage: Government
The govt was forced to take control of IL&FS as it feared its collapse would cause damage to the economy.
What I read this week: About declining household savings & solid investing tips
A healthy household savings rate is one of the reasons for the resilient Indian economy.
BlackRock finds more risk assets at insurers than '08
Insurers have to hold large amounts of capital against the investments they make.
Biggest lesson from 2016 is not to listen to experts: Aswath Damodaran
Experts are clueless what is coming to them. Financial markets are incredibly complex, with hundreds of variables at work, says world-renowned guru on finance.
After EPF, get ready for PPF and NSC rate cut
Analysts feel the govt may not make such a drastic cut lest it fuels the simmering resentment against the “minor inconvenience” caused by demonetisation.
There is no evidence of growth coming back and we should worry about that: Manoj Rane, BNP Paribas
There is some room for rates to move further without actually it being a market leading RBI or RBI or the government not being happy with it.
In case of Brexit, market downfall can be catastrophic across asset classes: Mayuresh Joshi, Angel Broking
In case of Britain staying within the EU, the upside to the market might not be that evident.
Pitching for peace: Full text of Barack Obama's speech at Hiroshima Peace Memorial Park
Obama stood on the hallowed ground of HIROSHIMA on Friday and declared it a fitting place to summon people everywhere to embrace the vision of a world without nuclear weapons.
Grexit would not be such a catastrophe, some believe
RBI governor Raghuram Rajan has said the Indian economy will see through any impact of the Greece crisis.
Argentina default may trigger $29 billion claims
If Argentina defaults on its dollar-denominated securities before a deadline expires on Wednesday, the nation may trigger bondholder claims of as much as $29 bn.
General Insurance Corporation to offer catastrophe bonds
Indian bond investors will soon get a novel product — catastrophe bonds from the state-run reinsurer, but it will be a high risk and high-reward game.
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