blow

City faces another post-Brexit blow as EU moves to restrict some trade

The City of London is facing another blow to its post-Brexit dominance after the EU moved to require businesses to settle more transactions reducing financial risk within the bloc. The plan focuses on transactions in securities called derivatives and on financial market clearing houses, the intermediaries that enable the transfer of funds to sellers and …

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Blackstone's $69bn REIT stifles takeovers in blow to real estate empire

Blackstone’s $69bn REIT stifles takeovers in blow to real estate empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) on Thursday limited withdrawals from its $69 billion unlisted real estate income trust (REIT) after a spike in redemption requests, an unprecedented blow to a franchise that helped it become an asset management giant. The brakes came because redemptions hit pre-set limits, rather than Blackstone setting …

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