Hints and tips:
...Private equity executives who spoke to the FT noted that the borrowings effectively used good investments as collateral to prop up one or two struggling businesses in a fund....
...At the end of 2022 — well before the failures — the ratio of the insurance fund to total insured deposits was 1.27 per cent, or 0.08 per cent short of the statutory minimum of 1.35 per cent....
...The Internet of (Five) Things 1....
...In 2019, the Japanese conglomerate’s $100bn Vision Fund poured $1.5bn into Greensill, doubling its valuation....
...The Internet of (Five) Things 1. Tesla turning ChineseThis week’s #techAsia newsletter looks at how Tesla’s best-selling car, the Model 3, could soon be 100 per cent made with Chinese parts....
...PSEG is backing Orsted of Denmark in building the 1,100-megawatt Ocean Wind project 15 miles off New Jersey’s beaches....
...The $1.9bn in share sales will go to Blavatnik, who paid $3.3bn to buy the company in 2011, about a quarter of its current valuation....
...While it is more than a year since Mr Ross left Pira, he remains intimately involved in the market with his own hedge fund Black Gold Investors LLC, where his son is the top trader....
...The Hong Kong’s Securities and Futures Commission on Thursday fined SFM HK Management $1.5m (about $191,000) for compliance failures in its booking of a short selling trade....
...Martin is a subsidiary of Martin Resource Management Corp, whose website said it markets over 250m gallons (6m barrels) of diesel fuel and lubricants per year along the Gulf Coast and approximately 1.5m...
...A sale of the powder metallurgy business would enable GKN to put more money into its pension scheme, which has a £1.1bn deficit, as well as returning cash to investors....
...Last month New York-based Virtu Financial paid $1.4bn for KCG Holdings; last year Teza Technologies, another pioneer of electronic markets, sold its high-speed trading business to Quantlab Financial while...
...But new tactics were required with crude fluctuating between $40 and $60 a barrel, torn between a level shale can grow at and Opec’s attempts to prop up the price....
...For Brazil, the Chinese investment boom could not have come at a better time, helping to prop up Brazil’s struggling economy....
...GoDaddy will also assume net debt of €1.08bn. Cinven generated a 2.6 times money multiple on its investment in HEG....
...Australia’s S&P/ASX 200 is set to gain 0.1 per cent as the busy reporting season winds down. Overnight, the S&P 500 fell 0.1 per cent....
...The FTSE 350 Banks Index jumped 12.1 per cent in August, the biggest monthly rise since July 2010....
...But then, we found that a couple of automated trading firms reported to have a large presence in the market — Jump Trading LLC and DRW Securities LLC — that are registered dealers with the SEC†, but don’...
...Gold, which is sensitive to interest rate expectations, was up 0.1 per cent at $1,356.09....
...Asian stocks retreated on Wednesday, with an 11-month closing high for Wall Street and firmer oil prices failing to prop up markets around the region....
...A rebound in the price of oil overnight, which helped prop up US and European shares, allowed Asian markets get off to a solid start on Wednesday.As well as a recovery in the price of oil, an encouraging...
...The US dollar index was down 0.1 per cent in Asian trading....
...Some Gulf states, led by Saudi Arabia, which has projected a budget deficit of $87bn this year (13.5 per cent of gross domestic product) have turned to the bond markets to help prop up spending....
...The euro was down 0.5 per cent at $1.1266, helping the dollar index rise 0.4 per cent to 95.63. Gold was off $4 at $1,104 an ounce....
...per cent higher, reportedly after state intervention to prop up the market....
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