JPMorgan Chase is looking at ways to transfer risk tied to a portfolio of loans extended to private equity funds, according to a Financial Times report.The portfolio is worth more than $4 billion, the report said, citing people familiar with the matter.The potential transaction would involve loans made to a…
A rally in European technology stocks has continued largely unnoticed as broader equity markets across the region struggle under the weight of the Iran war and slowing economic activity.The conflict has disrupted so-called Make Europe Great Again trades, with European shares expected to lag behind their US counterparts as long…
The FTSE 100 Index did relatively well this week, rising for four consecutive days and reaching its highest point since May 6 this year. It rose to £10,445 on Thursday, up slightly from the key support of £10,160. So, will the index continue rising as UK gilt yields drop?UK released…
Lenovo Group stock price went parabolic today, reaching its highest point on record as its artificial intelligence business fueled its growth momentum. It jumped to $15.72 in Hong Kong, up by 85% from its lowest point this year, making it the best gainer in the Hang Seng Index this year.Lenovo…
European shares moved higher on Friday as investors responded positively to signs of progress in peace talks between the United States and Iran, despite both sides continuing to disagree on several major issues.The pan-European STOXX 600 index rose 0.5% to 623.79 points by 0703 GMT and was on track to…
Quantum computing is quickly moving from a long-term research bet to a serious infrastructure race.Nvidia’s venture arm backed Alice & Bob, a French startup working on less error-prone quantum hardware, just as Washington moved to pump about $2 billion into nine quantum companies.The timing was not accidental, as the surge…
The European Commission on Thursday signed a memorandum of understanding with Ukraine on a macro-financial assistance programme, paving the way for a €3.2 billion disbursement expected in mid-June once the agreement is ratified by the Ukrainian parliament.The macro-financial assistance forms part of the European Union’s broader €90 billion financing scheme…
Zimbabwe’s gold-backed currency, ZiG, has held steady this year as adoption continues and the country’s economy improves. The USD/ZWG pair was trading at 26.22 on Thursday, inside a range it has remained at in the past few months.Zimbabwe ZiG stable as the central bank calls it, undervaluedZIG, a currency backed…
The euro zone’s combined current account surplus narrowed sharply in March, largely due to a significant decline in the trade surplus, according to data released by the European Central Bank on Thursday.The current account surplus, adjusted for seasonal and working-day factors, fell to €14.9 billion in March from €25.6 billion…
Reddit Inc (RDDT) is facing intense selling pressure on Wednesday as investor actively recalibrate their exposure to high-multiple technology assets.Following today’s pullback, RDDT sits decisively below its major moving averages (MAs) – with an RSI in the early 40s indicating further downside room before the stock hits “oversold” territory.Versus its…