‘Private equity is now king’ for the ultra-rich, says Tiger 21, an exclusive club of investors
Tiger 21 members, who manage around $150 billion in assets, have increased their allocation to private equity threefold, founder Sonnenfeldt says.
Saudi Arabia’s auto rental firm Lumi pops 30% in stock market debut
Shares of Lumi soared as much as 30% on Monday at the Saudi Arabian auto rental firm debuted on the Riyadh stock exchange.
Huawei stays silent on secretive 5G phone at high-profile product launch
Chinese telecommunications giant Huawei didn’t reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event.
Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI
E-commerce giant Amazon on Monday said it will invest up to $4 billion in Anthropic and take a minority ownership position in the company.
Betting on a rate cut is ‘premature,’ European Central Bank member says
It is “premature” to bet on a cut to interest rates, Francois Villeroy de Galhau, France’s central bank governor, told CNBC exclusively on Monday.
A top European software investor raises $700 million — defying the venture capital slump
Dawn Capital, one of Europe’s biggest backers of business-to-business software companies, raised $700 million in two new funds.
China property stocks tumble as Evergrande drops 25% on debt restructuring roadblock
Chinese real estate giant Evergrande announced it is unable to issue new notes, and rescheduled a debt restructuring meeting with its creditors.
China-EU relationship is at a crossroads, top official says in Beijing
China’s relationship with the European Union needs to change, as the bloc’s trade chief asks for more openness and fairness from Beijing.
‘Who should I hire? Will I get rich?’ Fortune telling is a booming business in Singapore
From wealth, to weddings, and who to work with, more and more people are turning to fortune telling in Singapore.
Stock futures inch down as the market enters last week of September with losses: Live updates
Stocks have struggled this month as the Federal Reserve signaled higher interest rates for longer, sending bond yields rising.
