CashNews.co Boeing’s machinists voted on Wednesday to reject the company’s latest offer and the US has finalised long-awaited ‘open banking’ rules, hoping it will inject more competition into the market. Plus, Deutsche Bank reported a record third-quarter profit and artificial intelligence start-up Anthropic has built a virtual agent that can perform tasks on a computer. […]
How an ex-Goldman banker built a $10bn private credit ‘whale’ — and now may sell it #NewsMarket
CashNews.co Goldman Sachs’ former head of investment banking is staring down perhaps the biggest deal of his life. Scott Kapnick, the chief executive of HPS Investment Partners, is closing in on a transformational transaction for the private credit firm he founded less than two decades ago at a potential valuation of $10bn or more, according […]
Investors give funds aligned to Paris Agreement a wider berth #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It always surprises me how effective it is to give a child a gold star for good behaviour. They can’t do anything or buy anything with a gold star — they just seem to […]
Bond yields rise, stocks don’t care #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT […]
Chinese EV and self-driving tech companies turn to IPOs for cash #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Automobiles myFT Digest — delivered directly to your inbox. China’s electric vehicle and self-driving start-ups are heading to markets to raise cash at the risk of lower valuations, with funding drying up amid intense competition in the sector. In Hong Kong’s biggest share sale […]
SK Hynix reports record profit as AI demand drives chip sales #NewsMarket
CashNews.co SK Hynix reports record profit as AI demand drives chip sales Read More #cashnews #newsfinace #finance #FollowsCashnews
Nigeria drops money laundering charges against detained Binance executive #NewsMarket
CashNews.co Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Nigeria unexpectedly dropped money laundering charges against a Binance executive who had been held in the west African country since February, bringing an end to a saga that threatened to strain […]
Goldman Sachs and Apple to pay $89mn in US fines over credit card programme #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The top US consumer finance watchdog has fined Goldman Sachs and Apple more than $89mn, saying the two companies “illegally sidestepped” their obligations to customers of their shared credit card business. The fines announced […]
The Patagonian shale riches driving Argentina to an energy surplus #NewsMarket
CashNews.co The Patagonian shale riches driving Argentina to an energy surplus Read More #cashnews #newsfinace #finance #FollowsCashnews
Global copper rush draws investors to Argentina’s untapped deposits #NewsMarket
CashNews.co Accessing the copper at Taca Taca, a deposit of the metal in Argentina’s inhospitable north-west, is a gargantuan task. The site’s low-grade 0.5 per cent copper ore lies several hundred metres beneath a Mars-like desert of rolling red dunes, volcanoes and salt lakes. It sits 3,600m above sea level and a bumpy seven-hour drive […]