Financial markets
General Atlantic, a leading global growth equity firm, has agreed to acquire Iron Park Capital Partners, LP, to create General Atlantic Credit. This move will enable GA Credit to provide creative capital solutions to high-quality companies in need of strategic partners across various stages of corporate and economic lifecycles. The
Financial markets
Victory Portfolios II has announced plans to liquidate the VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY), citing a regular review of its product lineup to ensure it meets client needs. The decision affects shareholders, who can sell their holdings on the Nasdaq Stock Market prior to the close
Financial markets
The U.S. equity futures moved lower on Friday, with investors still reeling from the effects of Federal Reserve rate hikes on the fragile global economy. The benchmark 10-year Treasury note yields reached a fresh 14-year high of 4.266% in overnight trading, adding more than 25 basis points to
Financial markets
As investors return to trading on Wall Street, the stage is set for a busy week marked by earnings releases, housing data, and significant policy shifts in the US and UK. The easing of bond market volatility helped boost US equity futures, while the dollar retreated against its global peers.
Financial markets
Business Secretary Jacob Rees-Mogg has insisted that the Bank of England's failure to raise interest rates in line with the US is driving turbulence in financial markets, rather than the mini-budget announced by Chancellor Kwasi Kwarteng. The statement comes as Prime Minister Liz Truss prepares to face MPs
Financial markets
The recent intervention by the Bank of England to stabilize the UK bond market following a tax cut announcement has highlighted a wider problem in global bond markets. The unprecedented sell-off in long-term bonds and the subsequent policy U-turn by the central bank has exposed the fragility and vulnerability of
Financial markets
Despite the gloomy prospects of a global recession, Deutsche Bank's CEO Christian Sewing remains optimistic about the bank's liquidity and positioning in the market. With nearly €200 billion in liquidity, the bank is confident of weathering any storm. Sewing believes that while a recession is imminent,
Financial markets
The Reserve Bank of India (RBI) governor Shaktikanta Das delivered a half-point interest rate hike, maintaining the central bank's focus on withdrawing accommodation. The move was expected, but Das' warnings about emerging inflation and financial instability are causing unease. Unlike the Federal Reserve or the European Central
Financial markets
Douglas Ross, the Scottish Tory leader, has voiced his worries about the mini-Budget's impact on mortgages, as Liz Truss urges Nicola Sturgeon to adopt her income tax cuts. Ross, who believes that the tax cuts will not compensate for the soaring interest rates on mortgage bills, has expressed
Financial markets
Global Witness has published a new investigation, 'Bankrolling Destruction,' which reveals that three of the world's largest central banks have invested in corporations linked to deforestation and climate-critical forest destruction in Brazil. The US Federal Reserve, the European Central Bank, and the Bank of England have
Financial markets
The global economy is on high alert as capital markets remain tense, awaiting the next interest rate hike from the Federal Reserve. Stubbornly high inflation, coupled with rising interest rates, has intensified concerns about the economy's overall health. The US-based FedEx, a bellwether for global economic development, delivered
Financial markets
Market expectations of a 75 basis point rate hike by the Federal Reserve have led to a surge in Treasury yields, with the two-year yield hitting a 15-year high of 3.992%. The Fed is scheduled to announce its latest policy decision on Wednesday, and money markets are fully pricing
