Blackstone’s $69 billion REIT is holding back redemptions in a blow to the real estate empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) limited withdrawals from its $69 billion privately traded real estate investment trust (REIT) on Thursday after a spate of buyouts, a major blow to a franchise which helped transform it into an asset management behemoth. The limits came because redemptions hit pre-set limits, rather than Blackstone … Read more

Sam Bankman-Fried says he ‘never attempted to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt cryptocurrency exchange FTX, attempted to distance himself from the fraud allegations in his first public appearance since his company’s collapse. it stunned investors and left creditors facing billions of dollars in losses. Speaking by video link at the New York … Read more

Germany need a vital win to avoid embarrassment at Qatar 2022

Cnn — After a poor start to their World Cup campaign, Germany are now setting elimination targets ahead of their final Group E match in Qatar 2022. The sensational defeat against Japan on the opening day put the Germans in a difficult position, but in the second match against Spain they bounced back to a … Read more

Israeli director’s remarks on Kashmir Files spark quarrels in India | Film news

An Israeli filmmaker has sparked controversy in India after he denounced a film about the Kashmir dispute as “propaganda” and a “vulgar film” at a government-sponsored film festival in Goa. Nadav Lapid, who chaired the judging panel of the International Film Festival of India (IFFI) which concluded on Monday, said he was “disturbed and shocked” … Read more

HSBC is aiming for a bumper dividend from the $10 billion sale of the Canadian unit to RBC

The deal comes amid pressure from the Chinese shareholder Analysts hailed the transaction as “reasonable.” The bank could return the proceeds of the operation to the shareholders LONDON/TORONTO/NEW YORK, 29 Nov. (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian assets to the Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in … Read more

Asian stocks rise except Japan as markets eye protests from China

TOKYO (AP) – Asian stocks were mostly up Tuesday as market jitters eased over protests in China triggered by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while shares fell in Japan. Oil prices have gone down. Japanese government data released on Tuesday showed the unemployment … Read more

Wall Street closes sharply lower, hit by fears of Apple and China

Cyber ​​Monday spending to hit $11.6 billion – report Crypto actions fall on BlockFi’s bankruptcy filing Biogen down after death in Alzheimer’s drug trial Indices end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – US stocks closed sharply lower on Monday as protests in major Chinese cities against tough COVID-19 policies sparked … Read more

Crypto lender BlockFi files for bankruptcy as FTX ripple effect unfolds

The filing follows weeks after the FTX crash FTX listed as creditor no. 2 of BlockFi Bitcoin down more than 70% from 2021 peak Nov 28 (Reuters) – Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty following the spectacular crash of FTX exchange earlier this … Read more

Who’s next? Chinese electric vehicles take Stellantis’ Jeep off the road

China has the first-mover advantage in electric vehicles Using fall plants is a common problem Some Chinese automakers target Europe Global players dominate the luxury sector for now Stellantis adopts a profitable import model in China LONDON/MILAN, Nov 28 (Reuters) – The failure of Jeep’s Stellantis joint venture (STLA.MI) in China could spell trouble for … Read more

Chinese markets tumble as protests over Covid lockdowns erupt

Hong Kong CNN business — China’s major stock indexes and its currency opened sharply lower on Monday as widespread protests against the country’s severe Covid-19 restrictions over the weekend rocked investor sentiment. Hong Kong Hang Seng Index (HSI). it fell as much as 4.2% in early trading. It has since cut some losses and was … Read more