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Ether ETF Hopefuls Gear Up for Approval as Soon as Mid-July
Livemint· 6 hours agoAsset managers are optimistic that the SEC will greenlight the first US ETFs that invest directly in Ether as soon as mid-July, saying the back and forth with the regulator remains constructive ...
FedEx Stokes Investors With Hint of a Freight Deal
Livemint· 6 days agoFedEx Corp. dropped a bomb on the market Tuesday afternoon with the announcement that it will do an “assessment” of its freight unit. Investors seemed to like the move, pushing up the shares ...
Brevan Slashes Fees for Biggest Fund to Make Up for High Costs
Livemint· 5 hours agoBrevan Howard Asset Management cut fees for its biggest fund to make up for technology, infrastructure and talent expenses that pushed pass-through costs too high. The firm is scrapping the ...
Butter Jumps to Record on Tight Supplies Ahead of Holiday Baking Season
Livemint· 4 hours agoButter has never been this expensive as a limited world supply has buyers scrambling before the holiday baking season later this year. Prices hit an average of $7,350 per metric ton on the latest ...
FTC Will Sue to Block Tempur Sealy’s Mattress Firm Buy
Livemint· 6 hours agoThe US Federal Trade Commission will sue to block Tempur Sealy International Inc.’s $4 billion proposed deal with Mattress Firm Inc. The agency on Tuesday announced that it had unanimously voted ...
Colombian Central Bank Defies Petro and Cuts Rate to 11.25%
Livemint· 3 days agoColombia’s central bank cut its benchmark interest by half a percentage point to 11.25% on Friday, defying government pressure to accelerate the pace of monetary easing to revive economic growth ...
Colombia’s Ecopetrol Is in Talks With Traders to Buy LNG
Livemint· 4 days agoColombia’s state energy company Ecopetrol SA is in talks with suppliers of liquefied natural gas as the nation’s domestic gas production dwindles, according to people familiar with the matter ...
Mauritania President Ghazouani Wins Second Term
Livemint· 24 hours agoMauritania President Mohamed Ould Ghazouani secured a second term in Saturday’s election as the country prepares to produce its first gas by the third quarter. With ballots from over 99% of ...
High-Grade Corporate Bond Sales Seen Staying Heavy Over Summer
Livemint· 1 day agoThe Wall Street professionals that underwrite blue-chip US corporate bond sales are bracing for a busy summer, instead of the usual slowdown in July and August. Investment-grade corporations ...
Asia Port Snarls Spread With Ship Delays Looking to Last Into August
Livemint· 6 hours agoPort congestion in some of Asia’s busiest trade hubs may persist into August, as ships diverting away from the region’s most clogged maritime gateways cause bottlenecks at others. Singapore, ...