LONDON, June 1 (Reuters) – French asset manager RAISE has hired a team from power giant EDF’s investment arm (EDF.PA) to run an infrastructure fund seeking 750 million euros ($826 million) to speed up decarbonisation of Europe’s energy, telecoms and transportation industries, it said on Thursday. RAISE Infrastructure will target unlisted companies where it believes […]
Fund aims to ease procurement of critical raw materials Can invest in listed non-financial companies, draft shows Rome seeks at least 500 mln euros from private investors ROME, May 31 (Reuters) – Italy’s cabinet on Wednesday approved a bill to create a fund to support domestic firms, the industry minister said in a statement, in […]
WARSAW, May 31 (Reuters) – Poland’s top court postponed on Wednesday a crucial hearing on the constitutionality of reforms designed to unblock European Union funds due to an insufficient number of judges, the latest hurdle for Warsaw to get the cash. Polish President Andrzej Duda in February asked the Constitutional Tribunal to rule on the […]
BENGALURU, May 31 (Reuters) – India’s market regulator is canvassing opinion on plans to strengthen disclosure requirements for high-risk offshore funds to avoid violation of public float norms, it said on Wednesday. The move follows regulators’ investigation of suspected violations by offshore funds in companies of the group led by billionaire Gautam Adani, which has […]
WASHINGTON, May 30 (Reuters Breakingviews) – The U.S. government could soon shrink one of its most promising investments. The budget deal agreed to by President Joe Biden and top congressional Republican Kevin McCarthy would move $20 billion away from the Internal Revenue Service over the next two years. The change shores up cash for other […]
SINGAPORE, May 30 (Reuters) – Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin , was around A$34,000 ($23,062) on Binance Australia, […]
[1/2] Pakistan’s Finance Minister Ishaq Dar gestures during a news conference to announce the economic survey of fiscal year 2016-2017, in Islamabad, Pakistan, May 25, 2017. REUTERS/Faisal Mahmood ISLAMABAD, May 28 (Reuters) – Pakistan will share its upcoming budget details with the International Monetary Fund (IMF) in order to unlock stalled funds, Finance Minister Ishaq […]
NEW YORK, May 27 (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government’s $31.4 trillion debt ceiling, ending a months-long stalemate, two sources familiar with the negotiations said on Saturday. But the deal still faces a difficult path to pass through Congress […]
AI boom brings fresh challenge for investors AI-themed stocks highly valued Stick with big tech not AI stocks – investors LONDON, May 26(Reuters) – Experienced tech investors are hunting for undervalued opportunities in an over-valued space. At stake is how best to invest in the potential of Artificial Intelligence (AI), which took a leap forward […]
[1/2] The logo of Credit Suisse is pictured on a building in Zurich, Switzerland, April 4, 2023. REUTERS/Pierre Albouy/File Photo ZURICH, May 26 (Reuters) – Credit Suisse (CSGN.S) should soon repay the emergency liquidity that the Swiss government gave the stricken bank to aid its rescue, Finance Minister Karin Keller-Sutter said in an interview published […]
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