Direct lending funds’ fading all-weather appeal
NEW YORK (Reuters) – Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a “direct lending” hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not …
U.S. venture capital’s digital coin quandary: cash-rich startups
NEW YORK (Reuters) – U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge – some of the hottest tech startups that sell the coins just don’t need their money.
High-flying euro lays European shares low as oil picks up
LONDON (Reuters) – The euro hit an almost two-year high against an ailing dollar on Monday, largely shrugging off data showing euro zone business growth slowed last month and weighing on exporters’ shares.
Australian regulator investigating Takata airbag recall after death
SYDNEY (Reuters) – Australia’s consumer watchdog said on Monday it was investigating the recall of Takata Corp vehicle airbags, a day after police said the death of man in a Sydney car crash was likely due to a faulty airbag.
China’s debt specter could haunt Fed’s policy meetings
HONG KONG (Reuters) – In September 2015, the U.S. Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing in the next few years could jolt the country back into the U…
Oil inches up ahead of producer meeting; Nigeria, Libya output in focus
TOKYO (Reuters) – Oil prices inched up but held near a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya.
Federal Reserve now faces prospect of global monetary policy tightening
WASHINGTON (Reuters) – Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008…
Exclusive: KKR nears deal to acquire WebMD – sources
(Reuters) – Private equity firm KKR & Co LLP is nearing an all-cash deal to acquire WebMD Health Corp , a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday.
BMW rejects media reports of emissions manipulations
FRANKFURT (Reuters) – German carmaker BMW on Sunday rejected media reports that the emissions treatment systems in its vehicles do not work effectively and that it colluded with rivals on their design.
Supreme Court ruling leads to offensive trademark requests
NEW YORK (Reuters) – A small group of companies and individuals are looking to register racially charged words and symbols for their products, including the N-word and a swastika, based on a U.S. Supreme Court decision on trademarks last month.
