Bloomberg Business

Global Passive Equity Funds Set to Overtake Active Funds

Passively managed equity funds are on the cusp of marking a milestone that’s been more than a decade in the making: Globally, net assets in such products are about to exceed those of their actively managed counterparts, according to Societe Generale.

Pemex Lines Up Goldman, JPMorgan for $1 Billion in Financing

Petroleos Mexicanos is negotiating with Goldman Sachs Group Inc. and JPMorgan Chase & Co. for at least $1 billion in financing as the debt-laden and loss-making oil major scrambles for cash amid sinking production.

Biden’s Ukraine Trip Was Daring. Will It Prove a Success?

As US President Joe Biden strode into a packed crowd assembled in the square outside Warsaw’s Royal Castle, the chilly night felt as much like a high school pep rally as it did a somber foreign policy address.

Putin Halts Nuke Pact With US, Vows to Push War in Ukraine

President Vladimir Putin said Russia will suspend its observation of the New START treaty with the US, dealing a blow to the last accord limiting their nuclear arsenals, as he vowed to press on with his faltering invasion of Ukraine.

Wall Street in Line to Reap Benefits of US Crypto Custody Shake-Up

Traditional financial firms and the crypto custodians they’ve backed may be best-positioned to cash in on proposed changes to US regulation for safeguarding digital assets, thanks to an existing portfolio of licenses and a trusted reputation in handling client funds.

Close Bitnami banner
Bitnami