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A messy breakup between Harley Bassman, the derivatives expert who invented the main gauge of Treasury volatility, and his former employer has escalated after the bond veteran sent a letter to the firm’s shareholders challenging its business practices.
Junk-rated borrowers lining up around €3.7 billion ($4.3 billion) in refinancing deals are willing to accept significantly higher rates, betting costs will rise even further if they wait.
Assaí rose 8.15 percent and Direcional fell 8.64 percent in the week to 11 September, the best and worst Ibovespa performers on the same rate story. The post One Rate Trade, Two Opposite Results on the Ibovespa appeared first on The Rio Times.
Barry speaks with Seth Bernstein, Chief Executive Officer of AllianceBernstein. They discuss his tenure at JPMorgan Chase where he was managing director and global head of Managed Solutions & Strategy at J.P. Morgan Asset Management. They discuss understanding the Private Credit industry and the future of Mutual Funds as ETFs become the future of investing. Seth also discusses the importance of in-person collaboration as well as how to invest for retirement. (Source: Bloomberg)
On September 11th, 2001, Cantor Fitzgerald lost 658 employees in the World Trade Center attacks. Twenty-five years later, the firm has turned its worst day into one of Wall Street’s biggest days of giving. In this exclusive look inside Cantor’s New York trading floor, Chairman Brandon Lutnick and Executive Vice Chairman Kyle Lutnick explain how employees now waive a day’s pay for Charity Day, raising a record $15 million last year through the Cantor Fitzgerald Relief Fund and why they’re determined to top it on the 25th anniversary. (Source: Bloomberg)
Tokyo, Sept. 11 (Jiji Press)--Japan's Finance Ministry said Friday that it will issue a commemorative 1,000-yen coin for the International Horticultural Expo 2027 in Yokohama, south of Tokyo. Priced at 33,500 yen, the coin's obverse design features the expo's mascot, Tunku Tunku, along with native Japanese plants that will adorn the event's venue, such as the golden lace and the golden-raye...
Kenya · INFRASTRUCTURE Key Facts —What happened Kenya’s Konza Technopolis, a 2,024-hectare smart city launched in 2008, has an estimated total project cost of about US$14.5 billion. —The money Phase 1 infrastructure was financed by Italy’s UniCredit SpA at roughly KSh 50.4 billion (about US$391 million), while Huawei built core systems under a China Eximbank […] The post Why Africa’s smart cities will also need smarter finance appeared first on The Rio Times.
BTG Pactual's chairman is Brazil's fourth-richest person at R$66.1 billion, up 29.6% — a milestone reached while federal police call him as a witness in the Banco Master inquiry. The post André Esteves Fortune Jumps 30% to US$13 Billion in Forbes Brazil Ranking appeared first on The Rio Times.
If the strike materialises, no branch banking such as cheque deposits, cash withdrawals through tellers, processing of home, automobile or gold loans is likely on Friday (September 11, 2026)
Tokyo, Sept. 9 (Jiji Press)--Mizuho Bank said Wednesday it will raise its long-term prime lending rate by 0.15 percentage point to 3.4 pct, its highest level in about 30 years, effective on Thursday. The long-term prime rate serves as a benchmark for loans of one year or longer to large companies. The increase reflects rising long-term interest rates in Japan. END [Copyright The Jiji Press, ...
Maria Ariza, CEO of the BIVA Stock Exchange and an organizer of Mexico Investment Week in New York, says the event is meant to keep investors engaged with Mexico even as trade and geopolitical uncertainty rise. She notes that the annual conversations with investors help explain opportunities across Mexican industries and encourage capital to flow into local markets. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Last Thursday, more than a week after Australian homebuilder Bathla Group tumbled into insolvency, a 24-hour deadline to secure emergency funding came and went, putting the company on the verge of liquidation.
Members question the Finance Ministry’s explanation; panel chief K.C. Venugopal says cess proceeds must not be used to finance fiscal deficit instead of their intended purpose
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
Singapore’s CapitaLand Investment Ltd. is targeting $500 million in commitments from investors for its third Asia Pacific credit program, according to people familiar with the matter.
Hong Kong is poised to play a bigger role in financing Chinese green-technology companies’ expansion into emerging markets, as geopolitical fragmentation and high funding costs reshape how capital is deployed in the global energy transition, according to senior banking executives. The city’s deep sustainable-finance market and offshore yuan liquidity could help channel capital into green and climate-resilience projects across developing economies, executives from Bank of China (Hong Kong), DBS,...
Nepal is seeking financial aid following the catastrophic flood that killed hundreds of people and caused billions of dollars in economic losses, tapping a global financial mechanism established to address the impacts of climate change in developing countries. Kathmandu has formally requested the UN-backed Fund for responding to Loss and Damage to “respond rapidly, directly and effectively” amid the country’s worst natural disaster in decades. In a letter signed by Finance Minister Swarnim Wagle...
The yen held most of its gains Friday after advancing more than 2% on Thursday. A rush to unwind yen-funded carry trades helped send the currency to a one-month high against the dollar as traders ramped up bets on further Bank of Japan rate hikes. Bloomberg's David Savage reports. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
An Asian city will eventually overtake London and New York as the world’s leading financial centre, with Hong Kong well placed to compete for the top spot given its legal predictability and low tax burden, according to the creator of a closely watched ranking of financial hubs. “It’s going to happen because it’s so tight,” said Michael Mainelli, chairman of London-based think tank Z/Yen Group, in an interview with the South China Morning Post on Tuesday, referring to the narrowing gap between...
Matt Brill, head of North American investment grade credit at Invesco, and Meghan Robson, head of US credit strategy at BNP Paribas, joins Michael McKee on "Bloomberg Real Yield." They discuss Treasury Secretary Scott Bessent's focus on driving yields lower. (Source: Bloomberg)
We have been in consultations with regulatory bodies such as SEBI as a prelude to the process. Initially, we are exploring the prospects of issuing municipal bonds worth ₹150 crore to finance development and infrastructure projects, along with green bonds worth another ₹150 crore to support environment-friendly and climate change mitigation initiatives, says Mayor
Tokyo, Sept. 3 (Jiji Press)--Minimum hourly wage hikes in 33 of Japan's 47 prefectures for fiscal 2026 exceeded the targets set by the Central Minimum Wage Council, which advises the labor minister, it was learned Thursday. The hikes outpaced the targets by 1 to 9 yen, shrinking from the previous year's maximum margin of 18 yen. Among the 33 prefectures, Saga posted the largest increase,...