Articles for category: Business

October 18, 2024

Leverage Strategies in Portfolio Design: Insights from CPP Investments

At the Bloomberg Canadian Finance Conference 2024, Manroop Jhooty, Senior Managing Director at CPP Investments, spoke with Derek DeCloet about his group's inclination for leverage in their portfolio. Jhooty emphasized how this desire for leverage influences the overall portfolio design, balancing liquidity and public market exposures. He highlighted the strategic role these elements play in optimizing investment returns amid a dynamic financial landscape.

October 18, 2024

Market News

Business

AWS Delays Launch of New Nvidia Blackwell Chip Systems Until 2024

Amazon Web Services, the leading cloud-computing provider, announced that new systems featuring Nvidia's Blackwell chips are now expected to launch in early 2024, pushing back the original timeline. AWS CEO Matt Garman shared the update during an interview on Bloomberg Technology.

October 18, 2024

Market News

Business

Jane Street Plans .35 Billion Debt Sale to Boost Trading Capital

Jane Street Plans $4.35 Billion Debt Sale to Boost Trading Capital

Jane Street Group LLC is set to sell $4.35 billion in debt this Thursday. The firm is repricing an existing loan and introducing a junk bond to secure more capital for trading. This move marks Jane Street's continued expansion into the fixed-income market.

October 18, 2024

Market News

Business

Alabama Man Charged for Hacking SEC’s X Account Before Bitcoin ETF Decision

An Alabama man has been charged in connection with a January hack of the US Securities and Exchange Commission’s X account. This breach occurred just before the SEC's expected decision on approving spot-Bitcoin exchange-traded funds.

October 18, 2024

Market News

Business

BNP Paribas Cuts Jobs in Emerging-Markets Credit Team Amidst Restructuring

BNP Paribas has laid off at least six members of its emerging-markets credit team. This comes just two years after the bank boosted its operations in this area, according to sources familiar with the situation.

October 17, 2024

Market News

Business

US Government Bonds Tumble as Strong Retail Sales Raise Fed Rate Concerns

US government bonds fell sharply following strong retail sales figures for September. This unexpected rise in consumer spending has raised concerns about the pace at which the Federal Reserve might lower interest rates. Investors are now questioning whether the central bank will continue its easing measures as quickly as previously anticipated.

October 17, 2024

Market News

Business

UK Targets Russian Shadow Fleet Tankers Over Insurance Concerns

The UK has announced that three government bodies are collaborating to challenge Russian oil tankers, specifically targeting those with questionable insurance coverage. This move aims to ensure compliance with international regulations and curb practices perceived as illicit.

October 17, 2024

Market News

Business

Otsuka Holdings Explores Sale of Stake in MicroPort Scientific Corp.

Otsuka Holdings Co. is exploring options for its stake in MicroPort Scientific Corp., which is listed in Hong Kong. This includes the possibility of selling its investment in the medical device company, according to sources close to the matter.

October 17, 2024

Market News

Business

European Stocks Rise as Central Bank Cuts Rates Again

European stocks rose further today following the European Central Bank's expected second consecutive rate cut. The technology sector also stabilized after experiencing two days of losses.

October 17, 2024

Market News

Business

Oman’s Energy Company Secures Billion in Historic IPO

Oman’s Energy Company Secures $2 Billion in Historic IPO

Oman's state energy company has successfully raised $2 billion through the initial public offering of its exploration and production business. This marks the largest listing in the country's history.