Canadian pension fund OMERS has agreed to sell its 25% stake in Spanish energy logistics company Exolum to European real assets investment firm Stoneshield Capital and another investor, according to a joint statement released on Friday. Under the agreement, Stoneshield will acquire a 15% stake in Exolum. The firm had already purchased close to 5%… Continue reading Canada’s OMERS to sell 25% stake in Spanish energy firm Exolum
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Dow futures climb 124 points: 5 things to know before markets open
US stock-index futures advanced on Friday as a pullback in Treasury yields gave investors room to add risk before the opening bell, even as the Middle East conflict remained the market’s central geopolitical overhang. Dow, S&P 500 and Nasdaq 100 futures all climbed, helped by gains in megacap technology and chip stocks. Traders were also… Continue reading Dow futures climb 124 points: 5 things to know before markets open
Citigroup eyes Asia-led wealth expansion with fresh hiring drive
Citigroup plans to allocate a significant share of its global wealth management hiring to Asia, where the bank’s private banking business is expanding faster and delivering stronger productivity than other regions, according to Andy Sieg, Citi’s head of global wealth. The hiring strategy forms part of the bank’s broader effort to strengthen returns from its… Continue reading Citigroup eyes Asia-led wealth expansion with fresh hiring drive
Why Nvidia and Washington are suddenly betting big on Quantum
Quantum computing is quickly moving from a long-term research bet to a serious infrastructure race. Nvidia’s venture arm backed Alice & Bob, a French startup working on less error-prone quantum hardware, just as Washington moved to pump about $2 billion into nine quantum companies. The timing was not accidental, as the surge in investment reflects… Continue reading Why Nvidia and Washington are suddenly betting big on Quantum
European shares rise on optimism over progress in US-Iran talks
European shares moved higher on Friday as investors responded positively to signs of progress in peace talks between the United States and Iran, despite both sides continuing to disagree on several major issues. The pan-European STOXX 600 index rose 0.5% to 623.79 points by 0703 GMT and was on track to close the week with… Continue reading European shares rise on optimism over progress in US-Iran talks
Lenovo Group stock soars after earnings as C&H points key target
Lenovo Group stock price went parabolic today, reaching its highest point on record as its artificial intelligence business fueled its growth momentum. It jumped to $15.72 in Hong Kong, up by 85% from its lowest point this year, making it the best gainer in the Hang Seng Index this year. Lenovo Group revenue surges amid… Continue reading Lenovo Group stock soars after earnings as C&H points key target
Is the FTSE 100 Index about to soar as UK Gilt yields plunge?
The FTSE 100 Index did relatively well this week, rising for four consecutive days and reaching its highest point since May 6 this year. It rose to £10,445 on Thursday, up slightly from the key support of £10,160. So, will the index continue rising as UK gilt yields drop? UK released mixed macro data this… Continue reading Is the FTSE 100 Index about to soar as UK Gilt yields plunge?
European AI stocks rally despite broader market pressure from Iran war
A rally in European technology stocks has continued largely unnoticed as broader equity markets across the region struggle under the weight of the Iran war and slowing economic activity. The conflict has disrupted so-called Make Europe Great Again trades, with European shares expected to lag behind their US counterparts as long as geopolitical tensions persist.… Continue reading European AI stocks rally despite broader market pressure from Iran war
JPMorgan eyes deal to offload risk tied to $4 billon PE fund loans: report
JPMorgan Chase is looking at ways to transfer risk tied to a portfolio of loans extended to private equity funds, according to a Financial Times report. The portfolio is worth more than $4 billion, the report said, citing people familiar with the matter. The potential transaction would involve loans made to a range of private… Continue reading JPMorgan eyes deal to offload risk tied to $4 billon PE fund loans: report