Signa Insolvency Engulfs Galeria Stores, Halts Frasers Deal
The insolvency of Signa Holding GmbH is starting to cause ripple effects across Rene Benko’s property and retail
1970-01-01 08:00
Sino-Ocean Said to Be in Talks With Cinda for Financial Support
Chinese state-backed developer Sino-Ocean Group is in talks with bad-debt manager China Cinda Asset Management over financial support,
1970-01-01 08:00
Banking Escapees Make Billions From Private Credit Boom
Dinner with Barack Obama, mansions on both US coasts and dazzling modern art collections — from Frank Stella
1970-01-01 08:00
Fed’s 2024 Voters Signal No Urgency to Raise Interest Rates
Two Federal Reserve officials made the case for continuing to hold interest rates steady on Wednesday, while a
1970-01-01 08:00
Castore Nears £1 Billion Valuation After Cash Injection By Raine
British premium sportswear brand Castore has secured a £145 million ($184 million) cash injection led by US investment
1970-01-01 08:00
Dubai Taxi Gets $41 Billion in Orders for $315 Million IPO
Dubai Taxi Co. received over 150 billion dirhams ($41 billion) in investor orders for its $315 million initial
1970-01-01 08:00
Elliott Has $1 Billion Phillips 66 Stake, Seeks Board Seats
Activist investor Elliott Investment Management has built a $1 billion stake in Phillips 66 and plans to push
1970-01-01 08:00
Signa Files for Insolvency as Cash Crunch Fells Luxury Empire
Tycoon Rene Benko’s Signa filed for insolvency after a last-ditch attempt to raise emergency funding failed, making the
1970-01-01 08:00
Risky Bonds Decimated By Credit Suisse Implosion Are Booming Again
A day that started with a blunt call to investors ended with incredulous fund managers at Algebris Investments
1970-01-01 08:00
Citi Is in Group That Lent Money to Insolvent Signa Unit
Citigroup Inc. is among lenders that have provided credit to a now-insolvent unit of Rene Benko’s Signa group
1970-01-01 08:00
One Corner of China’s Weak Market Is Seeing a $25 Billion Rally
Investors desperate for returns in China’s lackluster equities are scooping up some of the smallest and most volatile
1970-01-01 08:00
Steve Cohen Hires Bloomberg Media CEO to Oversee Mets Business
Steve Cohen’s New York Mets baseball team hired Bloomberg Media Chief Executive Officer M. Scott Havens as president
1970-01-01 08:00