New hedge fund launches set to hit 24-year low, Preqin says
LONDON (Reuters) – New hedge fund launches will ‘likely’ end the year at their lowest in 24 years amid tough fundraising conditions, hedge fund research firm Preqin said on Wednesday,…
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US says review of Nippon-US Steel deal ongoing as US Steel shares tumble
By Jasper Ward and Alexandra Alper (Reuters) -A national security review of Nippon Steel’s $15 billion bid for U.S. Steel is ongoing and President Joe Biden will see what it…
Siemens Energy lower as GE Vernova CEO sounds caution on sector
Investing.com — GE Vernova LLC (NYSE:GEV) said on Tuesday that it has resumed turbine installations at two offshore wind farms that faced equipment failures earlier this year, but CEO Scott…
Carl Zeiss shares down on weak outlook, China woes
Investing.com — Shares of Carl Zeiss Meditec AG fell by 7% on Wednesday after the company reported mixed full-year results for FY2023/24 and issued guidance for FY2024/25 that fell short…
Analysis-Stocks cheered Trump’s victory, but tariffs bring unknowns to 2025
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – The U.S. stock market welcomed Donald Trump’s victory in the 2024 presidential election, but turbulence may lie ahead if the president-elect makes…
UK’s Ashtead proposes move to US listing; warns on profit
(Reuters) – British equipment rental firm Ashtead (LON:AHT) is proposing to move its primary listing to New York from London, it said on Tuesday, as it also warned of lower…
TSMC revenue surges 34% in Nov, but slows from prior month
Investing.com– TSMC (TW:2330) (NYSE:TSM), the world’s biggest contract chipmaker, clocked a sharp year-on-year increase in revenue through November on strong AI-fueled demand, although revenue still slowed from the prior month. …
Japan stocks higher at close of trade; Nikkei 225 up 0.55%
Investing.com – Japan stocks were higher after the close on Tuesday, as gains in the Marine Transport, Steel and Communication sectors led shares higher. At the close in Tokyo, the…
Taiwan stocks higher at close of trade; Taiwan Weighted up 0.34%
Investing.com – Taiwan stocks were higher after the close on Tuesday, as gains in the Transport, Information Services and Semiconductor sectors led shares higher. At the close in Taiwan, the…
Apollo lends London’s Canary Wharf $777 million in refinancing deal
By Iain Withers LONDON (Reuters) -London’s Canary Wharf business district said on Tuesday it would borrow 610 million pounds ($777 million) from U.S. investment giant Apollo to repay bonds due…