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Market News
March 10, 2021
Rate-Hike Bets in India Escalate in Presage of Global Tightening
The global economic recovery is fueling speculation central banks will soon be shifting into tightening mode -- nowhere more so than India.
March 10, 2021
Greensill-Apollo Talks Derailed as JPMorgan Funds Taulia
Greensill Capital’s talks to sell parts of its operating business to Athene Holding Ltd. were derailed after JPMorgan Chase & Co. extended a...
March 10, 2021
L Catterton Makes $600 Million Return on Norwegian Cruise Bonds
Private equity firm L Catterton’s investment in Norwegian Cruise Line Holdings Ltd. has paid off with a $600 million gain in less than one year,...
March 10, 2021
U.K. Covid Test Program Cannot Justify Huge Costs, Lawmakers Say
The U.K.’s coronavirus test-and-trace program has failed to demonstrate it has contributed to a fall in infection rates -- despite its...
March 9, 2021
U.S., China Top Diplomats Discuss Meeting in Alaska, SCMP Says
The U.S. and China are in talks for top diplomats to meet in Alaska, the South China Morning Post reported, as the world’s two largest economies...
March 9, 2021
Death of 60/40 Portfolio Makes Returns Tougher for Wealth Funds
Two of the world’s largest sovereign wealth funds say investors should expect much lower returns in the future in part because the typical balanced...
March 9, 2021
SoftBank Poised to Reap $16 Billion Profit as Coupang Boosts IPO
SoftBank Group Corp., the biggest shareholder in Coupang Inc., stands to reap an enormous windfall when the South Korean e-commerce leader goes...
March 9, 2021
Citi Blocks Firms That Kept Errant Revlon Payout From Debt Deals
Citigroup Inc. is punishing investment firms that kept payments the bank accidentally sent to Revlon Inc. lenders by blocking them from certain new...
March 9, 2021
Gaming Crypto-Artists Court Controversy While Cashing in on NFTs
Last week, the artist Ben Mauro was dividing his paychecks into three categories: rent, food, and art. Now, suddenly he’s a multimillionaire.
March 9, 2021