Hedge funds will gain both ways: those that had bet on Brexit had reaped the benefits of betting against UK assets, are now re-positioning for these assets to get stronger. In a significant development, two of the biggest donors to… Read More ›
funds
British Communities Secretary James Brokenshire’s letter reveals Britain’s Brexit preparedness
A letter by the British Communities Secretary’s to the Treasury reveals Britain’s Brexit preparedness. Britain is scheduled to leave the EU on March 29, 2019. Britain’s Chancellor of the Exchequer Philip Hammond has been accused by his cabinet colleagues of… Read More ›
British carmaker Aston Martin preparing for October IPO worth $6.7 billion
According to Aston’s Martin’s CEO, Andy Palmer, investor interest in the IPO is high. The IPO will mark the 1st time a British carmaker has tapped the primary market in decades. On Thursday, British luxury carmaker Aston Martin stated, it… Read More ›
Blackstone Group LP raises $9.4 billion in new Asia-focussed funds
Blackstone’s real estate fund set a new record as the largest-ever investment fund dedicated to the real estate sector in Asia. As part of a strategic move, U.S. private equity fund Blackstone Group LP has raised $9.4 billion in a… Read More ›
Foxconn Industrial Internet’s IPO to launch in China on May 24, 2018
A Foxconn subsidiary, Foxconn Industrial Internet is its parent vehicle to raise sufficient funds to enable Foxconn to wean itself off from manufacturing devices for Apple Inc and instead align itself towards Made in China 2025 policy by entering into… Read More ›
Britain’s market watchdog to asset manager : assess value of services provided to clients
Under new guidelines, the UK’s asset managers will have to annually report an assessment of the value of their services they provide to clients, such that clients can have a firmer grip on the fund’s objectives and better undertsand its… Read More ›
Britain based financial services likely to have limited market access to EU’s single market regime
The services of London-based financial services, including funds, banks and insurers are likely to be capped in their access to EU’s single market regime. Bloomberg has reported, citing a draft document, that the European Union plans on providing British-based financial… Read More ›
Wal-Mart exploring a major sale of its Brazilian operations: sources
Having incurred operating losses over several years in a row, Wal-Mart is looking to cash out but still maintain a foothold in Brazil. As per two sources with direct knowledge of the matter at hand, Wal-Mart Stores Inc is holding… Read More ›
World’s banking backbone under attack from hackers
In an increasingly digital world, with the countries around the world opting for a cashless economy, these cyberattacks go to highlight the vulnerabilities of the global financial network and the urgent need to harden and strengthen them. While going cashless… Read More ›
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