PRIVATE

Analysis: Blackstone REIT restriction is a possible warning sign for markets

Analysis: Blackstone REIT restriction is a possible warning sign for markets

LONDON, Dec 2 (Reuters) – While there have been few larger repercussions from the spike in redemption requests this week at an unlisted Blackstone real estate income trust (REIT), some see it as a sign of Warning. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits …

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Musk delivers first Tesla truck, but no updates on production, pricing

Musk delivers first Tesla truck, but no updates on production, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on electric truck controls or capacity Semi uses existing Tesla motors to come up with a new Supercharger Dec 1 (Reuters) – Tesla Inc’s (TSLA.O) chief executive Elon Musk delivered the company’s first heavy-duty to PepsiCo (PEP.O) on Thursday without offering an …

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Elon Musk expects Neuralink brain chip to begin human trials in 6 months

Elon Musk expects Neuralink brain chip to begin human trials in 6 months

November 30 (Reuters) – Elon Musk said on Wednesday he expected a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed the deadlines he had set. The company is developing brain chip interfaces that it says could help disabled patients move and communicate again, …

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HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

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Industrial strategy demands new deal with private sector

Industrial strategy demands new deal with private sector

The writer, professor at UCL, will deliver the Penrose Conferences in Soas this week Industrial strategy is experiencing a renaissance. Triggered by multiple crises – financial, climate and health – countries around the world are investing heavily in promoting economic growth and resilience. The war in Ukraine, with its impact on supply chains, made this …

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Bankman-Fried's FTX EXCLUSIVE Parents Bought Bahamian Property Worth $121 Million

Bankman-Fried’s FTX EXCLUSIVE Parents Bought Bahamian Property Worth $121 Million

FTX unit purchased 7 condos in upscale resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return the deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and top executives of the failed cryptocurrency exchange have purchased at …

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Xiaohongshu loses up to half of its implied value in private markets

Xiaohongshu loses up to half of its implied value in private markets

Xiaohongshu, the wildly popular social media platform seen as China’s answer to Instagram, hit a fever pitch last year. With a loyal following of millennial women and a following of 200 million active users, the company earned a $20 billion valuation in a fundraising round and was heading for a successful initial public offering. Then …

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Regular communication between private finance and government is key to the transition to net zero - ESG Clarity

Regular communication between private finance and government is key to the transition to net zero – ESG Clarity

As Alok Sharma’s nearly three-year term as COP26 President draws to a close and he leaves the cabinet, there is a risk that his long-term mantra of “maintaining 1.5 degrees alive” retires from the scene with him. The Glasgow Climate Pact, the agreement Sharma worked so hard to reach at COP26, reaffirmed the international goal …

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Exclusive: US blocks more than 1,000 solar shipments due to Chinese slave labor issues

Exclusive: US blocks more than 1,000 solar shipments due to Chinese slave labor issues

November 11 (Reuters) – More than 1,000 shipments of solar power components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from the China’s Xinjiang region due to slave labor concerns, according to federal customs officials and industry sources. The level of seizures, which …

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