New Rising Stars Are Powering Gulf’s $50 Billion Spending Spree
Oil-rich Gulf monarchies are channeling more international deals via state-backed firms instead of the region’s sovereign wealth funds,
2023-09-01 13:52
Covid fraudster used pandemic rescue funds to buy alpaca farm
The pizzeria owner used a $660,000 Covid-era loan to buy a farm, cars, and radio airtime.
2023-09-01 05:27
Virtu Sues to Block Tech Executive’s Move to Rival Clear Street
Market-making firm Virtu Financial Inc. sued to block its former head of client technology from accepting a senior
2023-09-01 02:00
UBS to cut 3,000 jobs after Credit Suisse takeover
The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.
2023-08-31 17:15
The World’s Biggest Bitcoin Fund Posts Best Day in Two Years on Court Ruling
The $17.4 billion Grayscale Bitcoin Trust rallied the most since July 2021 after a US court ruling potentially
2023-08-30 13:57
How Richard Mille Watches Became Code for Extravagant Wealth
A Richard Mille Co. watch is a powerful symbol of wealth for anyone who’s in-the-know enough to recognize
2023-08-29 16:55
Crypto ETF Drags ‘ESG’ Into Wildly Volatile World of Bitcoin
A London-based money manager has just attached an ESG label to a Bitcoin exchange-traded fund, in a move
2023-08-29 15:50
As Rates Near Their Peak, the Pain Begins for Europe's Borrowers
Interest-rate hikes may be peaking in Europe, but for the consumers, companies and governments that borrowed trillions of
2023-08-29 12:46
Junkiest Debt Rallies as Investors Brush Off Fed
Credit investors have decided that they’re more than willing to fight the Federal Reserve as the central bank
2023-08-27 03:48
KKR Nears Sale of Pub Operator Australian Venue to PAG for $906 Million
KKR & Co. has agreed to sell Australian Venue Co., the owner and operator of more than 200
2023-08-25 09:22
China’s LGFV Insiders Say $9 Trillion Debt Problem Is Worsening
China is attempting to diffuse risks from its $9 trillion pile of off balance-sheet local government debt, without
2023-08-24 08:50
APA to Buy Alinta’s Pilbara Network in $1.1 Billion Deal
Gas infrastructure operator APA Group has agreed to a deal for Alinta Energy Pty. Ltd.’s power networks in
2023-08-23 11:49