Elliott builds stake in French industrial gas group Air Liquide
Activist US hedge fund has targeted several European corporate giants in recent years
Swiss lawmakers call for softer banking regulation in victory for UBS
Panel proposes that Switzerland’s largest financial institution could fully capitalise its global operations through mix of equity and debt
KKR is the rare private equity firm that bets on itself
As buyout groups reach middle age, playing with other people’s money only gets them so far
FEDS Paper: United States of U-Star
Hie Joo Ahn and Jeremy RuddThis paper estimates state-level trend unemployment rates (trend U-star) based on the trend components of unemployment inflows and outflows across unemployment durations. The estimated trend U-stars, particularly the portions attributable to long-termunemployment, have levels and dynamics that vary substantially across states.
IFDP Paper: Pricing Risk Globally: Intermediary Constraints, the Dollar, and the Global Financial Cycle
Ozge Akinci, Sebnem Kalemli-Ozcan, and Albert QueraltoWe study how increased uncertainty about U.S. asset returns affects global asset prices and exchange rates in a two-country model with intermediary balance-sheet constraints. Empirically, uncertainty shocks widen global credit spreads, appreciate the dollar, and increase currency risk premia. In our model, higher uncertainty tightens intermediary constraints and lowers asset prices, reversing the counterfactual asset price increase in frictionless models.
George Santos banned from prediction platform Kalshi for manipulation
Regulator says former US representative made public statements to boost the value of his own bets on whether he would attend the State of the Union address
Happy birthday to the First Index Investment Trust
Witness the FIITnes
Software companies pay steep price to buy time against AI threat
Private equity groups face a $40bn maturity wall in 2028 to refinance Covid-era software buyouts
KKR to net giant windfall from $17bn sale of USI to Aon
Gain is one of the largest earned by a public private equity firm on a single deal
Growth of retail sales slows to 4.2% YoY in July as volumes data reveals price pressure
The growth of Greece’s retail sales decelerated to 4.2 percent year-on-year (YoY) in June, after an increase of 10.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
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