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- ECONOMY
The 10 Best Books for Your Summer Reading List
(Bloomberg Businessweek) — By Ken Auletta (Penguin Press)Well before Harvey Weinstein was indicted for rape, forced oral copulation, and other…
Read More » - ECONOMY
$922 Million Divorce Sale Makes Macklowe Art Collection Most Valuable Ever
(Bloomberg) — A multi-year saga came to a close on Monday night at Sotheby’s New York, where the final tranche…
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Selling Troubled Flag Carrier a Tough Task for New Sri Lanka PM
(Bloomberg) — Sri Lanka’s new Prime Minister Ranil Wickremesinghe wants to sell the national airline, saying the country’s poorest people…
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Ukraine Latest: Japan to Phase Out Russian Oil; Crude Swings
Japanese Prime Minister Fumio Kishida plans to gradually phase out imports of Russian oil as he joined other Group of…
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Ukraine’s Tiny Neighbor Suffers Economic Fallout From The War
(Bloomberg) — The Russian invasion of Ukraine has spurred a rush of loans to help tiny Moldova defray the economic…
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Ukraine Latest: Mariupol Siege Dwindles to Plant’s ‘Dead Men’
Group of Seven leaders pledged to ban Russian oil imports, even as Hungary held out against a European Union energy…
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Brookfield Growth Backs Material Bank at $1.9 Billion Value
(Bloomberg) — An arm of Brookfield Asset Management Inc. led a $175 million equity funding round for Material Bank, Chief…
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HSBC Split Is a Surefire Way to Destroy Value
(Bloomberg Opinion) — East-West relations are a growing problem for HSBC Holdings Plc, the bank with feet planted equally in each…
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Warren Proposes Giving U.S. FTC Power to Probe Price Gouging
(Bloomberg) — Senator Elizabeth Warren says she’s writing a bill that would empower the Federal Trade Commission to investigate price…
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N.J. Grocery Trips Get Pricier With Ban on Paper, Plastic Bags
(Bloomberg) — New Jersey will become the first state to ban both plastic and paper bags on Wednesday, leaving companies…
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Ares-Led Group Snaps Up $2 Billion Chunk of Nielsen Buyout Debt
(Bloomberg) — A group of lenders led by Ares Management Corp. has scooped up the unsecured portion of the $11.15…
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Statar Capital Bets on Power as Natural Gas Drives 18% Return
(Bloomberg) — Statar Capital LLC posted an 18% return during the first four months of 2022, largely on the back…
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Crypto Crowd’s Secret Gala Convenes Outside the Gates of Milken
(Bloomberg) — No name tags and by invitation only, an exclusive cryptocurrency crowd is gathering behind closed doors at the…
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DeSantis’s Dissolution of Disney District Stumps Credit Raters
(Bloomberg) — Florida Governor Ron DeSantis’s move to punish Walt Disney Co. by dissolving its debt-issuing district has befuddled two…
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ApeCoin Drops After Ethereum-Crashing Record Virtual Land Sale
(Bloomberg) — The ApeCoin cryptocurrency slumped after Yuga Labs, the creator of the popular Bored Apes Yacht Club collection of…
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Buffett Lures Omaha Disciples With Stock Buys, Inflation Warning
(Bloomberg) — As war broke out in Europe and U.S. inflation soared, Berkshire Hathaway Inc.’s Warren Buffett was doubling down…
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KKR Hires From Barclays, UBS for Equity Capital Markets Push
(Bloomberg) — KKR & Co. hired a pair of bankers from Barclays Plc and UBS Group AG as part of…
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Buffett Revs Up Deal Machine With Investors Set for Omaha Trek
(Bloomberg) — Warren Buffett the dealmaker is back. After hanging in the shadows for most of the pandemic, the billionaire…
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KKR Seeks to Take Hitachi Transport Private in $5.2 Billion Deal
(Bloomberg) — KKR & Co. unveiled a tender offer to take Hitachi Transport System Ltd. private in a deal valued…
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A Powerful Dynasty Bankrupted Sri Lanka in Just 30 Months
(Bloomberg) — Ahead of the November 2019 election, Sri Lankan presidential challenger Gotabaya Rajapaksa proposed sweeping tax cuts so reckless…
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Banks Face Losses as They Finalize Latest Sale of Morrison Debt
(Bloomberg) — Banks are finalizing a private sale of another part of the 6.6 billion pound ($8.3 billion) debt backing…
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KKR Founders Bet on Former Executive’s $100 Million Venture Fund
(Bloomberg) — Henry Kravis and George Roberts are among investors in the debut fund of a venture firm co-founded by…
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Africa’s Richest Man Is Betting $21 Billion on Oil and Fertilizer
(Bloomberg) — When Aliko Dangote, Africa’s richest person, decided to construct a refinery in southern Nigeria on a plot of…
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Hitachi to Unveil Transport Unit Stake Sale to KKR This Week
(Bloomberg) — Hitachi Ltd. has decided to sell its 40% holding in Hitachi Transport System Ltd. shares to KKR &…
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How Companies Stack the Deck for CEO Bonuses, Even in Down Years
(Bloomberg Law) — Discovery Inc.’s earnings fell nearly 20% last year by some measures, but the entertainment company’s CEO still…
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Don’t Count On a Housing Slowdown to Improve Affordability
(Bloomberg Opinion) — As mortgage rates continue to rise, all eyes are fixed on the housing market for signs of a…
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Taiwan Clears Goldman Sachs, UBS After Probe of TSMC Share Sales
(Bloomberg) — Taiwan’s financial regulator cleared 10 foreign brokerages of misleading investors following a probe into their sales of Taiwan…
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Scaramucci’s Crypto Pivot Comes With an Eye on Tripling Assets
(Bloomberg) — Anthony Scaramucci, whose curiosity about cryptocurrencies began during his short stint in Washington, now plans to pivot his SkyBridge…
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What Traders Are Watching Ahead of French Presidential Election
(Bloomberg) — Since Emmanuel Macron became French leader five years ago, the country’s equities have prospered. But with investors on…
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Ken Griffin Is Going ‘All in’ to Unseat Illinois’s Billionaire Governor
But not everything is as it seems in Aurora, Illinois. This unassuming city — the setting of “Wayne’s World,” the…
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European Commission analysing higher 45% renewable energy target for 2030
An aerial view shows power-generating windmill turbines in a wind farm in Morchies, France, November 8, 2020. Picture taken with…
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Big U.S. Banks Get a Little Taste of the ‘Doom Loop’
(Bloomberg Opinion) — The phrase “doom loop” will induce a nervous eye-twitch for most bank shareholders in Europe. Now, some investors are…
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Ukraine Update: Russian Offensive Starts; Polish Leader to Lviv
(Bloomberg) — Russia’s military pressed on with its offensive in southern and eastern Ukraine, with President Volodymyr Zelenskiy saying Moscow…
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King of the ‘Lunatics’ Becomes Bitcoin’s Most-Watched Whale
(Bloomberg) — Back in 2016, when Do Kwon was just a little-known startup founder with grand ambitions of bringing free internet…
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Pantera Leads CoinDCX Funding Round at $2.2 Billion Valuation
(Bloomberg) — India’s crypto unicorn CoinDCX is raising $135 million from venture capital funds led by Pantera Capital and Steadview…
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Pakistan Startup Abhi Raises Funds at $90 Million Valuation
(Bloomberg) — Pakistani financial platform Abhi Pvt. raised funds at a $90 million valuation within a year after introducing its…
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China Markets Are Only `Uninvestable’ for Slackers
(Bloomberg Opinion) — Nursing trillions of dollars in losses as they navigate China’s stock markets, foreign investors have complained that the…
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Twitter Gains as It Plots Defense Strategy Against Musk Takeover
(Bloomberg) — Twitter Inc. shares gained on Monday after the social media company launched a so-called poison pill defense to…
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Cisco to Shift Some Pay From Bonuses to Salaries Amid Inflation Crunch
(Bloomberg) — Cisco Systems Inc. is shifting a slice of its workers’ pay out of bonuses and into their base salary,…
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This Is What Living With Long-Term High Inflation Feels Like
(Bloomberg Opinion) — If you are under 45 and live in America or Europe, the odds are this past year…
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Summer Camp May Be a Luxury Parents Can No Longer Afford
(Bloomberg Opinion) — The days are long gone when it was cute for your kids to barge in on a…
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Ukraine Update: Mariupol ‘Basically Encircled’ Yet Hasn’t Fallen
The city of Mariupol hasn’t fallen but its defenders are encircled by Russian forces, Ukrainian officials said, hours after Kyiv…
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Jokowi Criticized for Naming Pop Star to G-20 Role in Youth Bid
(Bloomberg) — Indonesia’s decision to name a pop star as its Group of 20 spokesperson is the latest move in…
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SoftBank’s Latin America Fund Suffers Key Departures
(Bloomberg) — SoftBank Group Corp.’s Shu Nyatta and Paulo Passoni, two of the three managing partners at the SoftBank Group Corp.’s…
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Nigerian Banks Hit by ‘Great Resignation’ of Top Tech Talent
(Bloomberg) — Nigerian banks have been hit by an exodus of tech talent, chief executives of the nation’s lenders say.…
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How Two Ex-Cops Cracked a $100 Million Maritime Mystery
(Bloomberg Businessweek) — Richard Veale and Michael Conner flew from London to Athens a few days before their meeting with…
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ESG Investors Getting Trounced in Global Credit Market Rout
(Bloomberg) — The recent credit market selloff has been particularly hard on sustainable debt, challenging the popular premise that investors…
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Celebrities Toss $87 Million to Crypto-Payments Company MoonPay
Crypto-payments company MoonPay got almost 16% of its most recent funding round from celebrities. More than 60 musicians, actors and…
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Is New Zealand Raising Rates Into a Recession?
(Bloomberg Opinion) — For New Zealand, having the most hawkish central bank in Asia doesn’t go far enough. Officials are…
Read More » - ECONOMY
Who Cares About 1MDB When Bridges Are Collapsing?
The 1MDB scandal was about as consequential as you could get in 2018, when opposition parties joined forces and swept…
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/DTT4FTOY3FNEVO2QOZP3XD6F5Q.jpg "European Commission analysing higher 45% renewable energy target for 2030 31")
