By Kane Wu HONG KONG (Reuters) – Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said. Its fifth and largest U.S. dollar-denominated fund is likely to close in the near term, said one of the people, who declined to be identified as the information is confidential. Boyu did not immediately respond to a… Source link
Read More »Lucid Motors and Churchill Capital confirm SPAC deal: CCIV share tank
Bloomberg Wall Street Is Inflation-Proofing Its Debt-Market Portfolios (Bloomberg) — From money managers at BlackRock and T. Rowe Price, to analysts at Goldman Sachs, to the credit shops run by Blackstone and KKR, a new economic reality is prompting Wall Street’s most powerful forces to adjust their investment strategies.The rise in inflation set to accompany the post-pandemic economic boom is threatening to reverse the four-decade decline in U.S. interest rates, sparking a rush to protect… Source link
Read More »Lucid Motors Deal With Churchill Capital IV Could Be Announced Tuesday: Bloomberg
TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link
Read More »Yandex (NASDAQ:YNDX) Raised to “Buy” at Renaissance Capital
Yandex (NASDAQ:YNDX) was upgraded by research analysts at Renaissance Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports. Several other analysts have also recently commented on the stock. Bank of America upgraded shares of Yandex from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Tuesday, November 24th. The Goldman Sachs Group assumed coverage on shares of… Source link
Read More »Inside the crazy celebration of Zdeno Chara’s first goal as a Capital
Inside the crazy celebration of Zdeno Chara’s goal originally appeared on NBC Sports Washington Thursday’s game was full of fun moments for Capitals fans as Washington stormed back from a 3-0 deficit against the New York Islanders to win 6-3. Perhaps the best moment of all, however, came after Zdeno Chara’s goal. Chara scored his first goal as a Capital on Thursday as he fired a blistering slap shot from the point that found the back of the net. Being on the point, Chara was near the bench… Source link
Read More »‘The market is paying Tesla to take capital’: Credit Suisse Analyst
TipRanks 3 “Strong Buy” Stocks with Over 9% Dividend Yield Markets ended 2020 on a high note, and have started 2021 on a bullish trajectory. All three major indexes have recently surged to all-time highs as investors seemingly looked beyond the pandemic and hoped for signs of a rapid recovery. Veteran strategist Edward Yardeni sees the economic recovery bringing its own slowdown with it. As the COVID vaccination program allows for further economic opening, with more people getting back to… Source link
Read More »Ethiopia’s Abiy says army enters Tigray capital
Ethiopia’s army entered the capital of the Tigray region on Saturday, Prime Minister Abiy Ahmed announced, as the city of half a million people braced for an all-out offensive by government forces against its dissident leaders. The local government said earlier that heavy shelling had rocked the centre of Mekele, a statement confirmed by two humanitarian officials with staff in the city. “We’ve been able to enter Mekele city without innocent civilians being targets,” Abiy was quoted as… Source link
Read More »America Movil’s capital expenditure will be $6 bln, down from $8.5 bln foreseen, Telecom News, ET Telecom
MEXICO CITY: America Movil chief executive officer, Daniel Hajj, said on Wednesday that the telecoms giant will reduce capital expenditure to $6 billion in 2020, down from the $8.5 billion foreseen at the start of the year. “We are going to reduce the capex from our original number this year, because execution in the lockdown was very difficult” Hajj said in a call following the third-quarter earnings on Tuesday. Hajj added that some non-essential projects were also canceled or delayed. Follow… Source link
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