News

Posted on July 26, 2024 by James Miller

According to a recent survey by Invesco, geopolitical risks have overtaken inflation as the primary concern for sovereign wealth funds and central banks, which manage approximately $22 trillion in assets. This shift underscores growing global uncertainties overshadowing economic pressures. The report, which surveyed 83 sovereign wealth funds and 53 central banks, highlights that escalating geopolitical […]

Posted on July 26, 2024 by James Miller

The Federal Reserve may choose to hold interest rates steady until the end of the year, avoiding involvement in the intensifying US election race, according to Hooman Kaveh, Mercer LLC chief investment officer.  This decision comes as the political landscape heats up, with President Joe Biden stepping down from the election and Donald Trump preparing […]

Posted on July 8, 2024 by James Miller

Gold prices dropped more than 1% on Monday, reaching $2,357.88 per ounce. The drop is influenced by a surge in equities markets following a recent sharp increase in gold’s value. Gold futures also decreased by 1.5%, hitting $2,363.50.  The increase in investor risk appetite was evident as major U.S. stock indices like Nasdaq and the […]

Posted on July 1, 2024 by James Miller

Cuba is entering a “war-time economy” to address fiscal deficit and inflation. The government aims to boost foreign exchange, enhance food production, and restore efficiency in state-run enterprises. Notably, the measures plan to implement a unified pricing policy that encompasses both state and private sectors to combat inflation. In a recent Council of Ministers meeting, […]

Posted on July 1, 2024 by James Miller

According to a recent report by Oliver Wyman, the global market for carbon dioxide (CO2) removal credits could potentially reach $100 billion annually between 2030 and 2035, up from $2.7 billion in 2023.  The report highlights increasing demand across sectors like technology, finance, chemicals, and aviation. Key barriers identified include the absence of universally agreed […]

Posted on June 27, 2024 by James Miller

KKR is aiming to raise approximately $20 billion for its new private equity fund, North America Fund XIV. This initiative comes three years after launching its previous fund of a similar size.  The fundraising campaign, which began marketing to investors earlier this month, targets a net internal rate of return (IRR) of at least high-teens […]

Posted on June 26, 2024 by James Miller

Sanofi, the French pharmaceutical giant, is exploring the sale of its consumer health division, valued at about $20 billion. The company invited initial bids from interested parties by mid-July, with buyout firms like Advent International and PAI Partners showing significant interest. PAI Partners, notable for being the only French bidder, hopes this might give it […]

Posted on June 18, 2024 by James Miller

Leaders from the Group of Seven (G7) finalized a plan to extend a $50 billion loan to Ukraine, utilizing profits from Russia’s frozen central bank assets as collateral. The agreement was reached during their summit in Italy, aimed at bolstering Ukraine’s efforts amid ongoing conflict with Russia. The loan, predominantly guaranteed by the U.S. government, […]

Posted on June 18, 2024 by James Miller

The White House will soon nominate Christy Goldsmith Romero, a Democratic commissioner at the Commodity Futures Trading Commission (CFTC), as the new chair of the Federal Deposit Insurance Corporation (FDIC). According to a source familiar with the matter, this move comes as the administration targets a hearing for her nomination in the week of July […]

Posted on June 14, 2024 by James Miller

BlackRock Inc. and Citadel Securities are supporting a new Texas Stock Exchange (TXSE), challenging the dominance of the New York Stock Exchange and Nasdaq. The TXSE has raised $120 million and plans to file with the U.S. Securities and Exchange Commission.  The exchange, headquartered in Dallas, aims to attract companies seeking relief from high compliance […]