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(Reuters) – Blackstone Inc raised a record $25 billion for two funds that dabble in secondaries and co-investments, the asset manager said on Wednesday. Strategic Partners IX raised $22.2 billion, the world’s largest secondaries fundraise ever, while Strategic Partners GP Solutions raised $2.7 billion. Blackstone Strategic Partners is its illiquid fund investing arm that provides …

Blackstone closes PE secondary funds at record $25 billion Read More »

WASHINGTON (Reuters) – The U.S. Justice Department will “announce a major, international cryptocurrency enforcement action” on Wednesday, it said in a statement, adding the U.S. Treasury Department will also make an announcement. “The U.S. Department of the Treasury will also announce an action in this space,” the statement said. U.S. officials, including Deputy U.S. Attorney …

U.S. to announce international cryptocurrency action -statement Read More »

(Reuters) – FTX founder Sam Bankman-Fried in a blog post refuted some claims made by the company’s lawyers on Tuesday, saying that they were “extremely misleading” and that FTX U.S. was and is solvent. (Reporting by Juby Babu in Bengaluru; Editing by Sandra Maler)

By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker reiterated on Wednesday that he’s ready for the U.S. central bank to move to a slower pace of interest rate rises amid some signs that hot inflation is cooling off. “High inflation is a scourge, leading to economic inefficiencies and hurting …

Fed’s Harker says ready to downshift to 25-basis-point rate hikes Read More »

DAVOS, Switzerland (Reuters) – Saudi Arabia’s ambassador to the United States said on Wednesday that maintaining the long-standing strategic partnership between Riyadh and Washington was “beyond critically necessary” for global stability. “Yes there was a moment of conflict and disagreement, but that doesn’t take away from the fact that we are both strategic allies and …

Davos 2023: Saudi-US partnership is crucial for global security, says Saudi envoy Read More »

DAVOS, Switzerland (Reuters) – Saudi Arabia’s finance minister said on Wednesday that China “is very important for Saudi” and its largest trade partner, “but also the U.S. is a very important and strategic partner”. “Our aim is really to bridge the divide, our aim is to be a force of communication and we are encouraging …

Davos 2023: Saudi finance minister says China ‘very important’, U.S. ‘strategic partner’ Read More »

DAVOS, Switzerland (Reuters) – Moderna chief executive Stephane Bancel said he would like to have factories making vaccines based on its messenger RNA technology on every continent as the U.S. company prepares to build four facilities. “We’re talking to a couple more countries because I would really like on every continent to have MRNA capacity,” …

Davos 2023: Moderna CEO says he wants to have mRNA factory on every continent Read More »

DAVOS, Switzerland (Reuters) – Saudi Arabia’s finance minister said on Wednesday the kingdom is changing the way it provides assistance to allies, shifting from previously giving direct grants and deposits unconditionally. “We used to give direct grants and deposits without strings attached and we are changing that,” Mohammed al-Jadaan said at the World Economic Forum …

Davos 2023: Saudi Arabia changing no-strings aid, finance minister says Read More »

By Herbert Lash and Chuck Mikolajczak NEW YORK (Reuters) – The Dow fell more than 1% on Tuesday as weak earnings from Goldman Sachs dragged the index lower, but a jump in Tesla shares helped the Nasdaq stay postive as the corporate earnings season took center stage. The rise in Tesla Inc after the electric-vehicle …

Goldman, Travelers drag Dow lower as earnings season picks up Read More »

By David Shepardson WASHINGTON (Reuters) – A group representing major U.S. airlines said Tuesday it does not foresee a return of significant international passenger air travel demand from either China or Japan before the end of March and sought an extension of a waiver of some U.S. COVID-19 international route requirements. Airlines for America, a …

U.S. airlines do not see speedy return of China, Japan travel demand Read More »