Rising infections and new lockdown measures prompt cuts to hopes for growth Economists are cutting growth forecasts for the eurozone economy as a third wave of Covid-19 infections and vaccination delays spur tighter restrictions in several countries including France, Italy and Germany. The reintroduction of lockdown measures across Europe is fuelling […]
Treasury nominee says with rates low, lawmakers should spend now and worry about deficits later Janet Yellen will lay out the case for President-elect Joe Biden’s proposed $1.9tn relief package at her confirmation hearing as Treasury secretary on Tuesday, arguing that «the smartest thing we can do is act big». In […]
Yngve Slyngstad is the CEO of Norges Bank Investment Management (NBIM) which is the part of the Norwegian Central Bank that is responsible for managing The Government Pension Fund — Global. Notably, Slyngstad was listed in fifth place on aiCIO’s 2012 list of the 100 most influential institutional investors in the world. […]
Fed tamed the chaos in March but must take further action to buttress future solidity The US government bond market is akin to the investment world’s bomb shelter, a safe space where everyone can seek refuge when the rest of the financial system is exploding. In March, the bomb shelter itself […]
TPG, Apax load companies with loans, seizing on strong demand for high-yielding debt Private equity groups including TPG and Apax Partners are taking advantage of blockbuster demand for corporate debt by loading companies they own with fresh loans and using the cash to award themselves a bumper payday. So-called dividend […]
Price rise is being driven by investors adding the metal to long-term portfolios Until recently, the rapid rise in the price of gold had more to do with opportunistic financial trading than any larger structural investment theme, let alone a drop in physical supply or an increase in industrial use. […]
After the greenback suffers its worst month in a decade on economic concerns, debate about its global role is stirring Read more. Source: Colby Smith, Eva Szalay and Katie Martin | Financial Times
The average interest rate on a 30-year fixed-rate mortgage in the US has fallen below 3 per cent for the first time ever, mortgage finance company Freddie Mac said on Thursday. The historic figure reflects how policy responses to the coronavirus pandemic have brought down borrowing costs, helping drive a […]
Handful of mainly US groups on spending spree despite worldwide lockdowns to halt coronavirus Johannes Huth, the top executive at private equity group KKR in Europe, had been eyeing cosmetics maker Coty for nearly two decades — longer than even some of its loyalest customers have been using its products, which include […]
Some of the largest hedge funds are raising their bets on gold, forecasting that central banks’ unprecedented responses to the coronavirus crisis will lead to devaluations of major currencies. Paul Singer’s Elliott Management, Andrew Law’s Caxton Associates, and Danny Yong’s Dymon Asia Capital are all bullish on the yellow metal, […]