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...It also said it had a “record” $1.8bn in liquidity and had collected $3.8bn in loan repayments over the past 12 months....
...That compares with 1 per cent early last year....
...In March 2021, Credit Suisse was forced to close a $10bn group of funds tied to specialist finance firm Greensill Capital, in which 1,000 of its wealthiest clients had been persuaded to invest on the promise...
...However, on November 1, S&P Dow Jones Indices stripped Nigeria from the S&P Select Frontier index that the ETF tracks at a “zero-price”....
...Thirty companies have sold shares in IPOs on Borsa Istanbul this year, raising $1.9bn collectively, according to Dealogic data....
...What should I do with my mortgage? Economic cycle: Are Jeremy Hunt’s plans really a ‘Budget for growth’?...
...Western pharma companies are on the hunt for alternative suppliers following a US crackdown on Chinese ingredient producers....
...Compare that with a 20 per cent average for western countries. The notable exceptions include the UK and Japan, at around 15 per cent....
...Five more top stories 1....
...The firm and its investors contributed about $9bn of the purchase price while Canadian pension fund CPP Investments put in $1.75bn....
...Here are two cautionary tales. 1) Toshiba Remember in 2017 when a group of western funds backed a desperate cash raising by the scandal-wracked titan?...
...Alex has travelled extensively as part of his work, taking an interest in international issues from Ukraine to the western Balkans, south Asia and Congo....
...Hedge fund Verition Fund Management has hired former Morgan Stanley executive Saad Mahmood to lead its new outpost in Dubai, per Reuters....
...US homeowners still pay an average mortgage rate of 3.75 per cent — roughly half the rate on new mortgages....
...Globally, 1.3mn people die in car crashes each year, or about 3,700 deaths per day — more than were killed in the September 11 attacks....
...Intel last year struck a $30bn deal with Brookfield and its infrastructure funds, with the asset manager investing $15bn in a new chip foundry....
...As Sandbu points out, Labour’s £28bn dwarfs America’s green measures, amounting to 1.1 per cent of British GDP — proportionately seven times bigger than the IRA’s 0.15 per cent of US GDP....
...Li hopes that hedge funds will buy the riskiest tranches....
...The last time the industry saw such a big haul was in 2007 when John Paulson made about $15.6bn betting against subprime mortgages. It’s a huge feat for the soon-to-be Florida-based firm....
...Samuel Tombs, chief UK economist at Pantheon Macroeconomics: Monthly mortgage payments will jump for most of the 1.5 million households that have a mortgage with an initial fixed-rate period that lapses...
...This is especially the case since the Ginnie/Fannie swap is cheap relative to history (Exhibit 1 and 2)....
...Money supply contracted for the first time since at least 2010 and mortgage approvals fell to their lowest level in six months....
...Seth Klarman has told investors in his hedge fund that the Federal Reserve’s response to the 2008 financial crisis and the ensuing decade-plus of low interest rates had helped “erect a financial fantasyland...
...’s Scottish Mortgage and Chase Coleman’s Tiger Global, to suffer steep losses....
...Tom Slater, manager of the £14.2bn fund, told the Financial Times in May that “it has been a mistake to reduce our holdings in western online platform companies rather than their Chinese counterparts”....
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