Meta (META), Microsoft (MSFT), Amazon (AMZN), and Google parent Alphabet (GOOG) are expecting to spend a cumulative $325 billion in capital expenditures and investments in 2025 driven by a continued commitment to building out artificial intelligence infrastructure. Taken together, this […]
The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the end of February to support international trade settled in China’s currency. To meet growing demand for use of the Chinese currency in trade finance […]
Bernard Arnault, the founder and CEO of LVMH Moët Hennessy Louis Vuitton, has become about $14 billion richer already in 2025. He leapfrogged Oracle cofounder Larry Ellison on Thursday to take fourth place on Bloomberg’s rich list with an estimated $190 billion […]
Australian pension fund Aware Super said on Tuesday it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks, in a bid to tap into the artificial intelligence boom. It invested in euNetworks via a vehicle led by global […]
Goldman Sachs (GS.N), opens new tab, German industrial company BASF (BASFn.DE), opens new tab and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of conspiring to suppress platinum and palladium prices. A preliminary settlement […]
Schwab Asset Management on Monday said it cut fees on the Schwab High-Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF, which offers exposure to inflation-protected Treasury securities, to just three basis points, or 0.03%, to attract investors. That […]
Swiss private banking group Union Bancaire Privée (UBP) has entered into two exclusive agreements to acquire Societe Generale’s Swiss private banking activities (Societe Generale Private Banking Suisse) as well as their UK and Channel Islands wealth management arm (SG Kleinwort […]
Bangladesh’s central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank’s governor told the BBC in an interview published early on Thursday. The move comes after weeks […]
Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley (RILY.O), opens new tab, Bloomberg News reported, opens new tab on Wednesday. Oaktree is discussing buying a stake of 51% to […]
ExodusPoint Capital Management reported a $1 billion drop in assets under management in the first half of 2024, according to a regulatory filing. The filing gave no reason for the drop but a source familiar with the matter said it […]
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