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Correlations Between Credit and Equities Are Breaking Down
Livemint· 11 hours agoCredit markets are breathing a sigh of relief after inflation data showed price pressures are cooling broadly, but a weakening economy poses fresh risks to corporate debt. A perceived gauge ...
AT&T Data Hack Prompts FCC Probe, Raises Broad Security Concerns
Livemint· 11 hours agoAT&T Inc. said on Friday that hackers stole a cache of six months worth of mobile-phone customer data, disclosing for the first time a cybersecurity breach that was massive in its scope and ...
India and Taiwan eyes China’s MSCI emerging market index top spot: Report | Stock Market News
Livemint· 16 hours agoTaiwan and India now command more than 19 per cent weighting each in the MSCI EM Index, eyes China’s...
Wall Street Banks Set For Bond Sales Spree After Earnings
Livemint· 1 day agoWall Street’s biggest banks are set to borrow more than they usually do after reporting second-quarter earnings, taking advantage of falling yields and tapping debt markets before the US presidential ...
Jefferies Winds Down Hedge Fund 352 Capital in Wake of Lawsuit
Livemint· 1 day agoJefferies Financial Group Inc. is winding down trading positions at its hedge fund 352 Capital, after the fund sued its former portfolio manager over an alleged fraud, according to people with ...
Kenya’s Ruto Fires Most of His Cabinet to Appease Protesters
Livemint· 1 day agoKenya’s President William Ruto dismissed most of his cabinet after deadly protests against his plan to raise more than $2 billion in new taxes, and signaled that he will pivot to a government ...
Deutsche Bank Settles €500 Million Spanish Mis-Selling Case
Livemint· 1 day agoDeutsche Bank AG has resolved a €500 million ($545 million) claim from a Spanish hotel chain over losses suffered on foreign-exchange derivatives sold by the lender. Responding to Bloomberg ...
Altice France Moves Media Sale Cash Out of Creditors’ Reach
Livemint· 1 day agoAltice France moved some of the proceeds from a recent divestiture out of creditors’ reach as it prepares to start discussions over cutting its €24 billion ($26.2 billion) debt pile, according ...
Hedge Fund CFM Hikes Fee to 30% as Quant Arms Race Escalates
Livemint· 1 day agoJean-Philippe Bouchaud is no stranger to challenging orthodoxy in finance. The theoretical physicist turned hedge-fund executive has gained fame for his combative research detailing the flaws ...
Crypto Trading Platform Abra Buys Valkyrie’s Private Trusts
Livemint· 1 day agoAbra Capital Management LP took over a number of active trusts from Valkyrie in May, Abra’s head of asset management Marissa Kim said in an emailed response to questions by Bloomberg ...