The bank s US regime indicator has shifted to mid-cycle, a phase where inflation is typically strongest. Bank of America graph of average annualized CPI and PPI changes Bank of America
Bank of America s most recent fund manager survey on March 16 highlights inflation is the top tail-risk for investors and has replaced COVID-19 for that number-one spot in the survey for the first time since February last year. Bank of America fund manager survey graph Bank of America
This warning echoes similar sentiments from Morgan Stanley last week, whose inflation surprise index had turned positive for the first time in two years.
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Shell Names Ex-Mining Boss as Chair, Offers 50% Female Board
Bloomberg 3/11/2021 Laura Hurst
(Bloomberg) Royal Dutch Shell Plc appointed former BHP Group executive Andrew Mackenzie as chairman, and said its board would have as many women as men on it for the first time.
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A fossil-fuel man through-and-through, Mackenzie worked for BP Plc for 22 years and later served as chief executive of mining giant BHP. Yet more pertinently to Shell, the 64-year-old Scot is credited for being ahead of the curve on climate change and gender issues in the natural resources industry.
“Andrew brings to Shell his experience of leadership, his global outlook, and a deep understanding of the energy business and climate action,” the company said in a statement.
Bhavesh V. (Bob) Patel has joined Halliburton s board of directors.
Halliburton Co. (NYSE: HAL) reported Wednesday that Bhavesh V. (Bob) Patel has joined the service company’s board of directors.
The appointment of Patel, the CEO of LyondellBasell (NYSE: LYB), is effective Feb. 17, 2021, and he will stand for election by HAL stockholders at the company’s May 19, 2021, annual meeting, Halliburton noted in a written statement.
“Bob has a distinguished track record in safety and operational excellence,” remarked Jeff Miller, Halliburton’s chairman, president, and CEO. “This experience, along with his vast global leadership, will provide great value to Halliburton as we build our strong international business.”