Odey Asset Management is shutting its Swan fund and gating two other funds after redemption requests surged, as it moves to contain a crisis triggered by the publication of sexual assault allegations against its founder, Crispin Odey.
Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter.
Kenya’s crippling dollar shortage is driving away investors, turning a once-booming stock market into the worst in the world.
Keir Starmer said his Labour Party sees an opportunity to make political gains in Scotland, following what he called the Scottish National Party’s “profound” implosion triggered by a police probe into its finances.
A gallery in Poland accused Chinese diplomats of attempting to shut down an exhibition critical of Beijing’s record on human rights, expressing astonishment at the embassy’s attempts at “preventive censorship.”
US CPI data for May is expected to fall to 4.1% year-over-year as traders look for cues that would allow Federal Reserve officials to pause their tightening campaign on Wednesday. Michael McKee and Valerie Tytel have a preview on Bloomberg Television.
AFC Capital Partners secured $300 million in anchor funding led by the United Nations-backed Green Climate Fund, and plans to close the initial phase of an infrastructure-resilience fund by early 2024.
US small-business sentiment in May held close to the lowest level in a decade on dimmer views about the outlook for sales, the economy and credit conditions.
Cathie Wood’s funds have reentered Meta Platforms Inc. and Taiwan Semiconductor Manufacturing Co. after nearly a year and a half, as the high-profile manager makes new bets on artificial intelligence and chips.
Taiwan Semiconductor Manufacturing Co. regained its $500 billion market capitalization after investors ramped up bets on tech leaders best-placed to ride an anticipated AI boom.
