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U.S. President Donald Trump on Wednesday redoubled his calls for Federal Reserve Chair Jerome Powell to lower interest rates, noting that payroll processing firm ADP reported that job creation slowed in May. “ADP number out. ‘Too Late’ Powell must now lower the rate. He is unbelievable. Europe has lowered nine times,” Trump said in a…
(Bloomberg) — Sixth Street Partners Co-Chief Investment Officer Josh Easterly warned shifting fundamentals within credit markets present a risk that many investors and money managers are overlooking. “Private credit markets are relatively complacent,” Easterly said in a Bloomberg Television interview Tuesday, attributing the problem to a mismatch between capital pouring into the sector and valuable…
(Bloomberg) — Sixth Street Partners Co-Chief Investment Officer Josh Easterly warned shifting fundamentals within credit markets present a risk that many investors and money managers are overlooking. “Private credit markets are relatively complacent,” Easterly said in a Bloomberg Television interview Tuesday, attributing the problem to a mismatch between capital pouring into the sector and valuable…
(Bloomberg) — Manhattan Country School, an Upper West Side private school promoting social justice and a progressive academic curriculum that is battling possible foreclosure, has filed bankruptcy. MCS sought court protection Friday listing assets and liabilities of between $10 million and $50 million each on its Chapter 11 petition. The school, which operates on a…
The proposal would essentially allow the PSU to delist itself, either to go private, merge with another company, or because the costs of being publicly listed outweigh the benefits. Sebi said the move would benefit PSUs with very low public shareholding and/or weak financials, as noted in the 6 May consultation paper. It reasoned that…
(Bloomberg) — A KKR & Co. debt sale shows how far Wall Street is willing to go to keep leveraged underwriting business from slipping away to private credit after periods of turmoil. After losing a €1.1 billion ($1.24 billion) buyout financing assignment to direct lending rivals, banks including Jefferies Financial Group Inc. and Citigroup Inc….
Penny stock below ₹1: Standard Capital Markets, a penny stock with a market capitalisation of nearly ₹70 crore, informed exchanges on Monday, May 5, that the company has approved the allotment of 12,100 non-convertible debentures (NCDs) to raise ₹121 crore. Standard Capitals in two separate exchange filings informed about allotting 10,000 NCDs and 2,100 NCDs…
IDFC First Bank Dividend: The private sector lender’s board recommends dividend of ₹0.25 per share, subject to the approval of shareholders. The record date of the dividend is not fixed yet. “We wish to inform that the Board of Directors of the Bank at its meeting held today has inter-alia considered and recommended dividend of…
2,200% Dividend: HDFC Bank announced its January-March quarter results for fiscal 2024-24 (Q4FY25) on Saturday, April 19, and also declared a dividend of 2,200 per cent for FY25. Indi’s largest private lender’s board recommended a dividend of ₹22 per equity share of Re 1 each for the year ended March 31, 2025. “The Board recommended…
New Delhi [India], : Private equity investment inflows into the Indian real estate sector were recorded at USD 748 million during January-March 2025, registering a 35 per cent increase year-on-year, according to the latest data released by Savills India, a global real estate consulting firm. The quarterly findings highlighted that residential assets led the market,…