SoftBank Group Corp (SFTBF) is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash in the value of its portfolio pushed his conglomerate to a record quarterly net loss.
Hedge funds posted a 1.65% gain in July, driven by a stock market rally which helped reduce their losses for the year to date, data provider HFR said on Friday.
Hedge funds posted a 1.65% gain in July, driven by a stock market rally which helped reduce their losses for the year to date, data provider HFR said on Friday.
Australia's central bank on Friday warned inflation was heading to three-decade highs requiring further hikes in interest rates that would slow growth sharply, making it tough to keep the economy on an "even keel".
Private equity firm General Atlantic has hired veteran technology dealmaker Jonathan Durham to expand in corporate buyouts, an area in which it has done little because of its focus on growth equity investments, two people familiar with the matter said.
The Bank of England's top brass defended their record on Britain's monetary policy on Thursday, after a cabinet minister talked openly about diluting the central bank's operational independence. Speaking shortly after the BoE raised interest rates to 1.75% from 1.25%, BoE Governor Andrew Bailey said it is important for the central bank to make policy decisions independent of the government.
The Bank of England's top brass defended their record on Britain's monetary policy on Thursday, after a cabinet minister talked openly about diluting the central bank's operational independence. Speaking shortly after the BoE raised interest rates to 1.75% from 1.25%, BoE Governor Andrew Bailey said it is important for the central bank to make policy decisions independent of the government.
Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people familiar with the matter. The Swiss bank is expected to finalize plans over the next couple of months and is examining inefficiencies in its middle and back office, in addition to efforts to reshape its investment bank, according to the report.
Intercontinental Exchange (ICE) beat Wall Street estimates for second-quarter profit on Thursday, as the New York Stock Exchange's owner benefited from choppy global markets that led to a surge in trading volumes, sending its shares up over 4%. Investors actively rejigged their portfolios to hedge against potential risks amid rapidly rising rates and decades-high inflation.
The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%. Reeling from a surge in energy prices caused by Russia's invasion of Ukraine, the BoE's Monetary Policy Committee voted 8-1 for a half percentage point rise in Bank Rate to 1.75% - its highest...
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