Seven years after BlackRock’s last big foray into private credit, last week Larry Fink finally turned the world’s largest asset manager into a player. With the completion of the $12bn takeover of HPS Investment Partners on Tuesday, the $11.6tn investment group has closed a trio of takeovers that shift it from a position of dominance…
China Feihe stock downgraded by Citi on weak profit outlook Source link
I have marvelled over the past few years, and continue to marvel, at how markets shrug off the most dramatic political and economic events. Pandemics, wars, the toppling of the global trade system, the rise of rightwing nationalism and leftwing populism — nothing seems to derail investors’ animal spirits. Many reasons have been given for…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut has yet to receive the green light from UK financial regulators to provide consumer credit services to its 11mn customers in Britain, marking the latest hurdle for the $45bn fintech to become a full-service…
Two-time champion Pete Alonso of the New York Mets said Sunday that he will not be participating in the Home Run Derby this year in Atlanta. Alonso won the popular event that is held one day before the All-Star Game in 2019 and 2021. He had been a participant in each of the last five…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s financial regulators are failing to push through vital reforms needed to unlock some £22bn in trade finance for small businesses, the UK branch of the International Chamber of Commerce has warned. In a letter…
SAN DIEGO (AP) — All-Star Fernando Tatis Jr. scored the tying run in the third inning and doubled in the go-ahead run in the fourth for the San Diego Padres, who beat the Texas Rangers 4-1 on Sunday night to take two of three. Tatis, named to the National League All-Star team for the third…
Political responses to a bad situation tend towards either charlatanism or timidity Source link
Mexico striker Raúl Jiménez paid tribute to former teammate Diogo Jota after scoring a goal against the United States at the Gold Cup. Jota was killed along with his brother, André Silva, in a car crash near Zamora, Spain, in the early hours of Thursday morning. Editor’s Picks 2 Related Jiménez, who played two seasons…
Heading into Sunday’s Concacaf Gold Cup final, the vibe around the U.S. men’s national team was as optimistic as it had been in at least a year, if not longer. From head coach Mauricio Pochettino and his roster made up mostly of fresh faces, it is clear they all benefitted from five weeks’ and eight…
