PARIS (Reuters) – French lender Societe Generale and asset manager Brookfield Corp plan to launch a private debt fund targeting total volume of 10 billion euros ($10.73 billion) over the next four years, they announced on Monday. Initial seed funding, which will be directed towards the power, transportation and finance sectors among others, amounts to …
SocGen and Brookfield to launch private debt fund Read More »
By Samuel Indyk LONDON (Reuters) -Investors are starting to grow weary of the hype around artificial intelligence, as evidenced by the first outflow from technology stocks in almost three months, according to Bank of America Global Research on Friday. In the week to Wednesday, investors poured money into cash, equities and bonds and ditched gold …
AI fatigue sets in as investors sell tech for first time in weeks Read More »
OSLO (Reuters) -H2 Green Steel has raised equity funding of about 1.5 billion euros ($1.6 billion) to build the world’s first large-scale green steel plant, the Swedish steel company said on Thursday, in line with plans presented in April. The plant in the northern town of Boden will use hydrogen produced from renewable electricity – …
Sweden’s H2 Green Steel raises $1.6 billion for Boden plant Read More »
By Gwladys Fouche and Anna Ringstrom OSLO/SHANGHAI (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s biggest investors, is closing its only office in China, it said on Thursday, though it will continue to invest in the country. A number of financial firms are reviewing their presence in China in light of a …
LONDON (Reuters) -London Stock Exchange Group (LSEG) investors including Blackstone and Thomson Reuters have raised about 2.75 billion pounds ($3.44 billion) from the sale of shares in the bourse operator, bookrunners said on Thursday. Blackstone and Thomson Reuters, the parent of Reuters News, have been trimming their stakes in LSEG since becoming shareholders through the …
LSEG investors raise $3.4 billion from share sales Read More »
(Reuters) – Goldman Sachs Asset Management has hired former BlackRock executive Patrick O’Donnell as a managing director and global co-head of consultant relations, alongside Lauren Oakes, a spokesperson told Reuters in an emailed statement. O’Donnell was a managing director and senior leader in the Global Consultant Relations team at BlackRock and prior to that worked …
Goldman Sachs hires BlackRock executive as global co-head of consultant relations Read More »
LONDON (Reuters) -Emerging markets-focused fund manager Ashmore reported a 6% fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide. Ashmore said it saw net outflows of $11.5 billion over the financial year ended June 30, taking its assets …
Fund manager Ashmore sees 6% profit drop on outflows Read More »
By Julie Zhu and Kane Wu HONG KONG (Reuters) – CPP Investments, Canada’s biggest pension fund, has laid off at least five investment professionals at its Hong Kong office as it steps back from deals in China, three people with knowledge of the matter said. Most were on the fund’s private equity team and were …
Canada’s largest pension fund trims staff as it puts China deals on hold – sources Read More »
By Chris Taylor NEW YORK (Reuters) – If you have reached age 65 and are reading this, you are likely going to live a lot longer than you realize. The bad news is that you obviously will require money to do so – and you might have to revise your retirement calculations upward. That is …
SHANGHAI (Reuters) -China’s Jingwei Textile Machinery Co – the biggest shareholder of troubled Zhongrong International Trust Co – saw its stock surge on Wednesday after offering to buy out investors who object to the firm’s plan to switch bourses. The price of Jingwei stock, which resumed trade following a two-day halt, jumped the maximum 10% …
Top shareholder of China’s troubled Zhongrong Trust plans to delist; stock surges Read More »
