Cove Capital acquires 83-unit build-to-rent community in San Antonio debt-free
Los Angeles, CA – Cove Capital Investments has completed the purchase of an 83-unit build-to-rent residential community in San Antonio, Texas, finalizing its Cove Texas Build-to-Rent 97 Delaware Statutory Trust (DST) offering.…
Rithm Capital to acquire hedge fund Sculptor for $639 million
NEW YORK (Reuters) – Asset manager Rithm Capital has agreed to acquire hedge fund firm Sculptor Capital Management for $639 million, the companies said in a statement on Monday. Rithm will pay…
USS Canberra personnel parade in Australia capital amid joint war games
SYDNEY (Reuters) – United States Navy personnel from a newly commissioned U.S. combat ship paraded through Australia’s capital on Sunday, as the two allies carry out war games amid China’s military build-up…
Core inflation in Japan’s capital seen slowing sharply in July -analysts
TOKYO (Reuters) – Core inflation in Japan’s capital likely stayed above the central bank’s 2% target but slowed sharply in July, a Reuters poll showed on Friday, suggesting that easing cost pressures…
Capital One Financial beats profit estimates on higher interest income
(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in benchmark lending rates. The U.S.…
Sequoia Capital partner Michael Moritz to exit firm after 38 years
By Krystal Hu (Reuters) -Michael Moritz, the storied venture capitalist who sits on the boards of Stripe and Instacart, is leaving Sequoia Capital after 38 years, according to a letter sent to…
Canada regulator proposes banks hold more capital to tackle mortgage risks
(Reuters) -Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better manage risks from a sharp rise in…
22 Dead After Airstrike Rocks African Nation’s Capital
22 Dead After Airstrike Rocks African Nation’s Capital Nick Pope on July 8, 2023 A major airstrike Saturday outside of Khartoum, Sudan, has left at least 22 people dead, according to the…
Fighting rages in Sudan’s capital as army tries to cut off supply routes
(Reuters) – Fierce battles broke out on Tuesday across Omdurman, the western part of Sudan’s wider capital, as the army tried cut off supply routes used by its paramilitary rivals to bring…
Mexico proposes handing control of capital airport to its navy
By Kylie Madry MEXICO CITY (Reuters) – Mexico is likely to hand over control of the capital’s main airport – the busiest in the country – to its navy, according to a…
Orpea creditors Kyma Capital, LMR apply to US court to obtain documentation
LONDON (Reuters) – Two creditors of France’s Orpea have filed an application in a U.S. court against another creditor and the creditor’s financial adviser to obtain and use documentation related to the…
Bankers see stable interest rates reviving Asia’s capital markets in second half
By Scott Murdoch and Yantoultra Ngui SYDNEY/SINGAPORE (Reuters) – Asia’s dealmakers are counting on a pause in rate hikes globally and an economic rebound in China to rekindle activity in the region’s…
Ceasefire agreed as air strikes pummel Sudanese capital, killing 17
DUBAI/CAIRO (Reuters) -Air strikes killed civilians and pummelled multiple parts of the Sudanese capital on Saturday, residents said, as warring military factions agreed to another ceasefire in a series that have failed…
Volkswagen to face investor grilling on China, costs at capital markets day
By Jan Schwartz and Victoria Waldersee (Reuters) – Volkswagen will face investors hungry for answers at its capital markets day next Wednesday on how it will achieve high cost-cutting targets and whether…
Saudi Central Bank may need to inject liquidity into banks – Capital Economics
DUBAI (Reuters) – The Saudi Central Bank, known as SAMA, may need to inject liquidity into the banking sector like it did last year as interbank rates sit at their highest since…
Bain Capital plans to sell stake worth $267 million in India’s Axis Bank – report
BENGALURU (Reuters) – U.S. private equity firm Bain Capital is looking to sell a 0.7% stake in India’s Axis Bank worth as much as $267 million, CNBC-TV18 reported on Wednesday, citing sources.…
Brazil airline Azul ready to raise capital after debt deals – CEO
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul is ready to raise additional capital, its chief executive said in an interview, after reaching deals with lessors and bondholders to postpone…
Exclusive-Arex Capital pushes Enhabit to consider company sale – letter
By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Arex Capital Management is urging Enhabit to put itself up for sale and wants the home health and hospice provider to begin a…
Sri Lanka extends freeze on outward capital transactions by 6 months
COLOMBO (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited foreign exchange reserves, cabinet spokesperson Bandula Gunawardena…
Washington quiets as Canadian smoke blankets U.S. capital
By Kanishka Singh and Brad Brooks WASHINGTON (Reuters) -The shroud of polluted air emanating from Canadian wildfires pushed further down the Atlantic Seaboard on Thursday, blanketing Washington, D.C., in an unhealthy haze…
China’s Baidu launches $145 million venture capital AI fund
SHANGHAI (Reuters) – Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications,…
South Africa’s central bank flags risks of capital outflows and sanctions
JOHANNESBURG (Reuters) – South Africa’s central bank has warned of risks to the country’s financial stability, due to capital outflows and the possibility of sanctions following a U.S. diplomat’s accusation of supplying…
US core capital goods orders unexpectedly rebound in April
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rebounded in April, raising cautious optimism that business spending on equipment could recover in the second quarter after recent back-to-back declines.…
Brahman Capital shuts hedge fund as profits dry up – Bloomberg News
(Reuters) – New York-based investment management company Brahman Capital Corp is closing one of its equity hedge fund and returning cash to its clients, Bloomberg News reported on Thursday, citing people familiar…
Chile central bank activates counter-cyclical capital buffer
SANTIAGO (Reuters) – The board of Chile’s central bank on Tuesday activated a counter-cyclical capital buffer, setting the measure at 0.5% of risk-weighted assets for one year. The measure, which requires Chilean…
World Bank seeks grants, new capital to fight global crises
By Karen Lema MANILA (Reuters) – The World Bank will press for more grants and new capital from member countries, even as it leverages its balance sheet to scale up lending for…
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