20 November 2018 FT — Articles to Read

20 November 2018


Question: According to MSN: Lifestyle, what are 15 signs of an unhealthy heart?


Support for Eurozone budget plan grows – Pg. 2

–          France and Germany have vowed to press ahead with plans for a common Eurozone budget after a number of governments indicated they were prepared to work on a blueprint drawn up by the two countries

–          Some governments would rather see EU spending cut rather than raised, while there are also fears that the budget could reduce the incentive for governments to keep their economic house in order – a concern heightened by Italy’s recent budget stand-off with Brussels


India central bank gives ground to Modi – Pg. 4

–          India’s central bank has given ground to government pressure and agreed to reassess its management of reserves and treatment of troubled banks…

–          The administration has been pushing the central bank to pay out more of its annual surplus to the government, and to do more to ease a recent liquidity squeeze in the debt market

–          …no mention of a new credit facility for non-bank lenders struggling with tougher funding conditions – something the government had been strongly pushing the RBI to set up

–          The government’s continued pressure for further RBI action reflects its focus on growth and its more relaxed view about the risk of liquidity leading to inflation.  The government has a “more sanguine reading of inflationary risks’ …


Taylor Swift signs with Universal after bidding war for pop’s hottest property – Pg. 11

–          Taylor Swift has signed a long-term record deal with Universal Music, ending a bidding war over the most commercial successful pop star in the world

–          Swift is one of the few artists who still sells millions of albums in the age of Spotify, making her a rare source of stability for the music industry and fueling a frenzy as she became a fre agent for the first time in more than a decade

–          As part of the deal, Swift will own the rights to her master recordings, a rarity in the music sector


US junk bond sell-off and rise in cost of default cover fuels corporate debt worry – Pg. 19

–          Credit markets have signaled growing concern over corporate America’s debt pile as a junk bond sell-off deepened and the cost of insuring against defaults rose to its highest level since 2016

–          Exchange Traded funds that track the high-yield bond market have sunk for at least seven consecutive days, with the iShares high-yield bond ETF sliding to its lowest since June 2016

–          The cost of protecting against companies defaulting on debt has also soared, with both the investment-grade and high-yield credit default swap indices produced by Markit rising to levels last seen at the end of 2016

–          The moves reflect alarm over the effect of rising US interest rates on corporate credit markets, where companies have binged on cheap debt during a prolonged period of low rates that could be ending.  The US corporate bond market has swelled to more than $9tn from $5.5tn in 2008

–          Concerns have also arisen over the leveraged loan market, to which many highly indebted companies have turned to raise cash

–          Lower corporate bond issuance this year has meant the total value of bonds outstanding has begun to inch lower, reducing supply in the market and potentially supporting prices


Answer: (1) Coughing; (2) Depression; (3) Dizziness; (4) Erectile Dysfunction; (5) Fatigue; (6) Lack of appetite; (7) Lack of hair on your legs; (8) Migraines; (9) Muscle Cramping; (10) Neck or jaw pain; (11) Shortness of breath; (12) Sleep Apnea; (13) Swollen feet; (14) Swollen or sore gums; (15) Unexplained sweating