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· Amcor: Relatively Strong Dividend, But The Stock Is Slightly Expensive →
As a reminder, Amcor’s principal customer is PepsiCo (PEP) that accounted for 11% of the fiscal 2019 sales (see page 89 of the annual report).
The China Post
· US budget deficit hits all-time high of $864 billion in June →
The Treasury Department reported Monday that the deficit hit $864 billion last month, an amount of red ink that surpasses most annual deficits in the nation’s history and is above the previous monthly deficit record of $738 billion in April.
· Nationwide to offer low-deposit mortgages after stamp duty move →
Halifax and Nationwide have both reported price falls in recent months, despite a surge in interest from buyers since the market was released from lockdown.
· Seoul Holds Funeral For Mayor As Accuser Details Years Of Alleged Sexual Harassment →
The allegation, first reported by local news outlets soon after Park had been reported missing on Thursday, was formally detailed at a press conference on Monday by representatives of the former secretary.
· Royal history rewritten: Meghan and Harry ‘planned LA move straight after wedding’ →
Just in September, Vanity Fair reported that the couple were not entertaining the idea of “leaving their beautiful Frogmore Cottage at Windsor”.
The New York Times
· Body Found at California Lake Where Naya Rivera Disappeared →
Jacey Fortin contributed reporting.
· A Week in the City: Manchester City 1-0 UEFA →
This article isn’t to go into the boring detail and minutiae of how we ended up here, where UEFA are in the wrong or where the numerous issues in reporting have been along the way.
· Tellurian fails to qualify in LNG supply tender; $2.5B Petronet deal expires →
Tellurian (TELL -6.5%) has failed to qualify in a tender for supply of competitively priced gas to India, as the company's $2.5B tentative stake sale deal with top Indian gas importer Petronet LNG expires, Economic Times reports.
· 'Magic' UAE takeover of second-tier Beziers falls through →
There had been talk of signing ex-New Zealand centre Ma'a Nonu, as well as England internationals Manu Tuilagi and Semesa Rokoduguni after a reported multi-million euro purchase was completed.
· Valero Has Taken A Hit, But Still Has Great Positioning →
As of the latest report, Valero is operating at very low capacity with the Gulf Coast operating at around 57%, which is awful compared to above 90% before the virus.