U.S. hedge fund North Rock Capital LLC is expanding its operations into Singapore, a year after establishing its first Asia office in Hong Kong. The move comes as the firm aims to strengthen its presence in the region and attract top talent. With approximately $5 billion in assets under management, North Rock Capital has filed…
The US Federal Reserve has announced its decision to keep benchmark interest rates unchanged at 5.25% – 5.50% following its latest Federal Open Market Committee (FOMC) meeting. This decision aligns with market expectations and marks the fourth consecutive meeting where rates have remained steady. During the meeting, the central bank stated that it does not…
Italy is reportedly considering selling a stake in its postal service, a move aimed at addressing the country’s significant public debt. According to a report from AFP, Italian Prime Minister Giorgia Meloni, who previously referred to the postal service as the country’s “crown jewel,” is now exploring the possibility of selling part of it. Italy’s…
Saudi Arabia’s National Debt Management Center (NDMC) has recently released its Annual Borrowing Plan Report for the year 2024, outlining the Kingdom’s strategies for financing in the upcoming year. The report highlights the NDMC’s commitment to effective debt management, with a significant liability management transaction worth SR36 billion ($9.6 billion). This strategic move has extended…
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In the mid-1990s, Mark and Christina Bezos made a daring decision that would change their lives forever. With a $10,000 investment in a fledgling online bookstore called Amazon, they took a risk that would ultimately catapult them into the ranks of billionaires. According to a Bloomberg report, in 1996, the Bezos siblings each purchased 30,000…
Blackstone Inc. (BX), a prominent finance company listed on the New York Stock Exchange (NYSE), displayed a positive shift in its recent trading session. The stock closed at $122.90, reflecting a 0.45% increase compared to the previous trading day. Blackstone Inc. is known for its strong performance in the finance sector and has consistently delivered…
Mortgage lenders in the UK have started the year by cutting interest rates, providing some relief to homeowners seeking new deals. The Halifax, the country’s largest lender, has reduced rates by almost one percentage point, and other lenders are expected to follow suit. HSBC has announced that it will also be making rate cuts in…
Homeowners who are approaching the end of their two-year fixed mortgage deals can breathe a sigh of relief as major lenders have started the new year by slashing rates. The rapid increases in the Bank of England’s base rate over the past two years, which currently stands at a 15-year high of 5.25 percent, have…
