LONDON, May 31 (Reuters) – London-based investment manager Lansdowne Partners LLP said on Wednesday it had agreed to acquire the $1.1 billion UK equities manager CRUX Asset Management, subject to regulatory approval, according to an investor letter seen by Reuters. Lansdowne’s purchase, the value of which remains undisclosed, serves as a succession plan for CRUX’s […]
No misconduct by Temasek’s investment team Team, senior management took “collective accountability” Temasek did not detail the amount of compensation cut May 29 (Reuters) – Singapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team that recommended its investment in the now-bankrupt FTX cryptocurrency exchange, as well as for […]
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 […]
Aster investors eye selling 30% stake in India biz Company has appointed investment bank Moelis for the deal Talks come as investors attracted by India healthcare space MUMBAI, May 26 (Reuters) – Investors in Aster DM Healthcare (ATRD.NS) are in talks to sell a 30% stake in the company’s India business for about $300 million, […]
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 […]
US GDP estimates, initial jobless claims due at 1230 GMT Dollar scales more than 2-month high May 25 (Reuters) – Gold prices edged up on Thursday, as investors awaited developments in the drawn-out debt ceiling negotiations in Washington, with gains in bullion capped by the U.S. dollar rising to an over two-month high. Spot gold […]
May 25 (Reuters) – Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit’s proposal as the winning bid to manage a new entity to be owned by its creditors, directing itself out of bankruptcy. Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team […]
May 25 (Reuters) – Oil prices were little changed on Thursday as uncertainty over whether the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. Brent crude futures eased 1 cent to $78.35 a barrel by 04290 GMT. U.S. West Texas Intermediate crude (WTI) fell 11 cents, or […]
Reviews smaller markets to chase bigger Asian growth Looking to add 2,000 Chinese wealth managers over 2 years LONDON, May 24 (Reuters) – HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial […]
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