Wealthy families pile into bonds, private equity while shedding stocks - Citi
By Tatiana Bautzer NEW YORK Wealthy families loaded up on bonds and private equity investments in the first
2023-09-12 19:59
US investment firm 777 Partners considering Everton majority purchase – reports
American investment firm 777 Partners have returned to the negotiating table at Everton but are now reportedly considering a majority purchase. The group had been in talks earlier this summer over a partial investment only for rivals MSP Sports Capital to enter into an exclusivity agreement with Toffees owner Farhad Moshiri. With the agreement now over after that potential investment fell through over repayments to existing lenders – although a £100million loan to help finalise the completion of a new stadium at Bramley-Moore Dock was agreed – it appears 777 have re-entered talks. However, reports suggest it is with a view to a full takeover of the club. Everton have been seeking outside investment for some time in order to free up finances to complete the new stadium. In January Moshiri, who has spent more than £500million on players since becoming the majority shareholder in 2016, said the club was not up for sale but admitted he was exploring funding options to cover the final stages of the £550m-plus build at Bramley-Moore which will is set to see the ground opened next season. The 777 group, which did not comment when contacted by the PA news agency, currently own, or part own, Genoa, Standard Liege, Hertha Berlin, Vasco de Gama and Melbourne Victory and the London Lions basketball team and British Basketball League. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-09-12 19:53
Marketmind: Risk and rates moving in tandem
A look at the day ahead in U.S. and global markets from Mike Dolan Both long-term borrowing rates and riskier
2023-09-12 18:28
China Returns to Buy Winter Gas Supply in Risk to Global Balance
China is looking to stock up on liquefied natural gas for winter, returning to the spot market in
2023-09-12 17:53
Smurfit Kappa to Buy WestRock in $11 Billion Packaging Deal
Smurfit Kappa Group Plc agreed to acquire WestRock Co. in an $11.2 billion deal that creates a packaging
2023-09-12 17:50
Alibaba's new CEO embraces AI and wants a younger management team
Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history.
2023-09-12 17:47
German Investor Outlook Improves But Still Signals Weak Momentum
Investor confidence in Germany’s economy improved for a second month, while lingering at a level that will do
2023-09-12 17:45
Australia tribunal sets Sept 22 as date for Chevron LNG dispute hearing
By Lewis Jackson SYDNEY (Reuters) -The dispute between Chevron and workers at its two liquefied natural facilities (LNG) in Australia
2023-09-12 17:15
Arm CEO Pitches IPO Investors on Shift to High-Margin Chips
Arm Ltd. Chief Executive Officer Rene Haas, gearing up for the biggest initial public offering of the year,
2023-09-12 16:56
Central Banks Set for Higher-for-Longer Era to Fight Inflation
The global economy is shifting toward a higher-for-longer period for interest rates, making the coming flurry of monetary
2023-09-12 16:54
China’s Housing Rebound Fades Fast in Big Cities After Stimulus
A spurt of home sales in China’s biggest cities is losing momentum less than two weeks after authorities
2023-09-12 16:47
Romania Taps International Markets For Funding as Higher Deficit Looms
Romania raised €3.25 billion ($3.5 billion) via a two-tranche Eurobond, tapping international markets for a third time this
2023-09-12 16:29