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Funds


UBS, Switzerland’s biggest bank by assets, said it lost $774 million following Archegos’s implosion, a bigger hit than analysts expected, deepening the damage caused by the fund. Meantime, Japan’s Nomura, which flagged losses of around $2 billion last month, upped its total damage tally to $2.85 billion. This included a loss of 245.7 billion yen, …

LONDON, April 7 (Reuters) – Protesters against climate change broke windows at the London headquarters of Barclays in the Canary Wharf business district on Wednesday. The activists from the Extinction Rebellion group carried placards with slogans such as “Better Broken Windows than Broken Promises” and pasted the message “In Case of Climate Emergency Break Glass” …

Credit Suisse Group AG A fire sale of stocks by a large U.S. investor burned Credit Suisse and Nomura Holdings Inc. The global investment banks said Monday that they could incur substantial losses after Bill Hwang’s firm Archegos Capital Management and its banks began liquidating huge positions in blue-chip companies. Large banks served as prime …

A recent Premier Wireless webinar provided guidance on available federal stimulus grant money and, specifically, how transportation departments can use the funds to secure the technology they need most. Technology solutions provider Premier Wireless aims to enable innovation, communication, safety and transformation through technology, explained President and CEO Lea Bogle. “You can have great ideas …

Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from March 4 through March 10, …

Private-equity investments in technology soared in the final months of 2020 as investors sought to take advantage of a rise in corporate IT spending. Investors spent $65.17 billion last year on 2,138 private-equity deals with U.S.-based information technology companies, down from $72.47 billion over 2,007 deals in 2019 but far outpacing investments in any other …

“ ‘I’m a believer in the Austrian School of Economics that says that the magnitude of the decline is proportional to the excesses created during the prior boom. I was early in 1998, 1999 and in 2006 to 2007… When it breaks, it’s likely to break hard’ ” That’s David Tice, the former manager of …

President Jair Bolsonaro (no party) vetoed the ban on contingency of resources from the National Fund for Scientific and Technological Development (FNDCT), one of the main sources of funding for science, technology and innovation in the country. The vetoes were published in the Wednesday edition (13) of the “Diário Oficial da União” and can be …

LITHONIA, Ga. — Eight days out from Election Day in Georgia’s crucial Senate runoff races, Democratic candidates Jon Ossoff and Raphael Warnock are “sounding the alarm” about their ability to keep pace with GOP spending, calling for a “significant increase” in grassroots donations to prevent running out of money. “To win this election in 8 …

More than $157 billion has been raised as of Thursday, according to data provider Dealogic—over a third of that in the past 11 weeks—and the number of listings is the largest since the final hurrah of the dot-com boom in 2000. The soaring public offerings are showering returns on some of the biggest names in …