NEW YORK, Feb 22 (Reuters) – Melvin Ike, a managing director in Blackstone Inc’s (BX.N) tactical opportunities group, has resigned to start his own investment firm, the private equity firm told Reuters. Ike’s resignation was announced during a meeting of Blackstone’s tactical opportunities fund investors held last week in New York, the firm said in ...

NEW YORK, Feb 7 (Reuters) – The investment arm of insurance giant Metlife Inc (MET.N) said on Tuesday it had agreed to acquire Raven Capital Management, a U.S. private credit manager with $2.1 billion in assets under management. Raven would operate as a private credit division under Metlife Investment Management (MIM), Nancy Mueller Handal, MIM’s ...

Dec 4 (Reuters) – Investors including Saudi Arabia’s crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit Suisse’s (CSGN.S) new investment banking unit, the Wall Street Journal reported on Sunday. Crown Prince Mohammed bin Salman is considering an investment of ...

July 7 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Thursday it bought another 12 million shares of Occidental Petroleum Corp (OXY.N) this week, giving it an 18.7% stake in the oil company. The purchases were made on Tuesday and Wednesday and cost about $698 million, Berkshire said in a U.S. Securities and ...

A forklift operator load pallets onto a truck at a Brambles-owned CHEP pallet depot in Sydney April 18, 2008. REUTERS/Tim Wimborne/File Photo Register now for FREE unlimited access to Reuters.com Register July 1 (Reuters) – Shares of Brambles Ltd (BXB.AX) rose to their highest in almost seven weeks on Friday, as investors cheered a decision ...

June 29 (Reuters) – Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. Its collapse is a further blow to a business model that the Australian ...

S&P 500 has biggest daily jump since May 2020 All 11 major S&P 500 sectors higher Bank stocks rally after clearing Fed’s stress test FedEx jumps after strong forecast Indexes up: Dow 2.68%, S&P 3.06%, Nasdaq 3.34% June 24 (Reuters) – Wall Street’s main indexes soared on Friday in a broad rally as signs of ...

June 23 (Reuters) – Crypto broker Voyager Digital Ltd has lowered its daily withdrawal limits to $10,000 from $25,000, according to an update on the company’s website. The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to ...

LONDON, June 21 (Reuters) – The North Sea’s biggest oil and gas producer, Harbour Energy (HBR.L), has told the British government that Britain’s planned windfall tax on the energy sector will shrink the company’s investment in the country. With oil and gas prices soaring and households feeling the hit from higher prices across the board, ...

RABAT, June 20 (Reuters) – Three Gulf sovereign funds signed a deal on Monday in Rabat with nine African peers to promote investment on the continent. The deal was signed by Abu Dhabi’s Investment Authority and holding firm ADQ in addition to Kuwait’s Investment Authority on the sidelines of the first meeting of Africa Sovereign ...