In this article Slovenia is planning a quick return to the European debt market, with a pioneering 60-year bond. The ex-Yugoslav eurozone nation plans to offer benchmark-size notes due March 2081 via BNP Paribas SA, Deutsche Bank AG, Goldman Sachs Group Inc. and HSBC Holdings plc, according to a person familiar with the matter, who asked not to be identified […]
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Bitcoin’s price could exceed $50,000 over the longer term as the digital asset vies with gold for investment flows, according to cryptocurrency exchange Luno and brokerage OSL. “We’re talking about Bitcoin over the next three, five, 10 years slowly inching away at gold’s market capitalization,” Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore, said in an […]
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FILE PHOTO: Ray Dalio, Founder, Co-Chief Executive Officer and Co-Chief Investment Officer, Bridgewater Associates attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017. REUTERS/Ruben SprichBOSTON (Reuters) – Billionaire investor Ray Dalio, who founded the world’s largest hedge fund, said on Monday that all sides need to collaborate to reconfigure capitalism for a post-pandemic […]
Read more(Reuters) – Wheels Up Partners LLC is in talks to go public through a merger with blank-check acquisition company Aspirational Consumer Lifestyle Corp in a deal which could value the private jet charter company at more than $2 billion, people familiar with the matter said on Monday. Aspirational Consumer Lifestyle has engaged with potential investors to buy into a private […]
Read more(Reuters) – Melvin Capital Management said on Monday it would receive an investment of $2.75 billion from Citadel, the Chicago-based hedge fund led by Ken Griffin, and billionaire investor Steven A. Cohen’s Point72 Asset Management. The infusion is expected to help stabilize the hedge fund, which has been hard hit by a series of short bets this year, the Wall […]
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NEW YORK (Reuters) – Shares of U.S. videogame retailer GameStop skyrocketed by 144% on Monday as short sellers scrambled to cover their positions in the stock, which then pared gains in a roller coaster session that featured nine trading halts for volatility.FILE PHOTO: Outside a GameStop store people line up to purchase a Sony PS5 gaming console in the Manhattan […]
Read moreClient pressure on Apollo over Leon Black’s Epstein ties will continue: Gasparino Sources tell FOX Business’ Charlie Gasparino that Apollo hopes an outside law firm can help client concerns but executives say it’s hard to justify Epstein ties. Leon Black plans to step down as chief executive of Apollo Global Management Inc. after an independent review revealed larger-than-expected payments to disgraced financier Jeffrey […]
Read moreFollowing the uptick seen in the previous session, treasuries showed a more notable move to the upside during trading on Monday. Bond prices moved higher in morning trading and saw continued strength in the afternoon. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slid by 5.1 basis points to 1.040 percent. The […]
Read more(Reuters) – Goldman Sachs Group Inc-backed webinar marketing platform ON24 Inc is aiming for a valuation of about $2.22 billion in its initial public offering (IPO), as it looks to cash in on continued investor appetite for tech listings. ON24, which allows people to create webinars and host virtual events on its platform, said on Monday it would sell about […]
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