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’Yuan-ted: McDonald’s new bond
Two global titans — one of fast food and one of the world economy — have teamed up in the debt market. For, McDonalds has become the first foreign corporate to issue a renminbi-denominated bond.
The Thursday press release from offer manager Standard Chartered:
Icelandic collapse complete
McDonald’s is fleeing the country — citing the weakness of the krona.
Oct. 26 (Bloomberg) — Iceland’s McDonald’s Corp. restaurants will be closed at the end of the month after the collapse of the krona eroded profits at the fast-food chain,
Swiss tax rules lure McDonald’s from UK
McDonald’s is to leave London for Geneva, joining the growing ranks of US companies moving their European headquarters to take advantage of preferential intellectual property tax laws, the FT said. The fast-food group,
What McDonalds can teach you about finance
A surprising amount, apparently.
First, via The Daily Show and Jon Stewart, we learnt that the Hanke Panke / MOAB / TARP could buy every single American 2,000 McDonald’s apple pies.
But this is just ridiculous – according to the ever-reliable credit default swaps market,
Starbucks not lovin’ it
It’s been a bad year for Starbucks. The donuteers haven’t been doing well either. So if not coffee and donuts…
Enter McDonald’s. Buried in an epic article, in Monday’s WSJ, there’s an interesting point about the convergence of various food-retailers due to consumer “convenience”.
Pret a Manger seeks float
Pret a Manger is looking into the possibility of listing on the stock market, reports City AM on Tuesday. Julian Metcalfe and fellow founder Sinclair Beecham hold two thirds of the British sandwich firm as well as the voting rights and want to do a deal in the next 18 months. Metcalfe told the paper that they are already in discussions with bankers.
Beware those expensive defensive US stocks
Compared with their bond market peers, investors in US equity markets remain notoriously optimistic in their economic outlook. Or so the conventional wisdom goes. But Lex advises readers to dig a little deeper,