BlackRock, the world’s largest private equity firm, is complementing its hefty presence in public stock, bond, and commodity markets with additional moves into the private credit business.
Tag: Economy
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TOP TREND 2024, EV GO FU: EVs MORE RELIABLE BUT STILL LESS SO THAN INTERNAL COMBUSTION CARS
The reliability of electric vehicles (EVs) has surged, a Consumer Reports survey found. EV drivers reported 42 percent more trouble than drivers of internal combustion cars did. However, that represents a major improvement from the 79-percent gap found in 2023.
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CURRENCY CONTROLS HOBBLE ARGENTINA’S FOREIGN INVESTMENT CAMPAIGN
Argentina’s maverick president Javier Milei has assembled a $50-billion package of tax incentives, eased customs regulations, and smoother currency exchange mechanisms to draw foreign investors to help rebuild the country’s broken economy.
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DON’T DUMP THE DOLLAR, TRUMP WARNS BRICS NATIONS
Incoming U.S. president Donald Trump has demanded that the eight-nation BRICS trading bloc abandon ideas of creating a common currency and continue using the U.S. dollar instead.
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CANADA’S JOBLESS RATE INCREASES IN NOVEMBER
Last month, Canada’s unemployment rate rose to 6.8 percent from 6.5 percent in October, Statistics Canada reported, as more people went looking for work in the country’s feeble economy.
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SPOTLIGHT: CRYPTO NATION
On 5 December, bitcoin jumped to an intraday price of $103,800, gaining more than 50 percent since Donald Trump won the U.S. presidential election a month earlier.
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SPOTLIGHT: BIGS GETTING BIGGER
Oneok, a U.S. oil and gas pipeline company, is trading $4.5 billion of its stock for the remaining shares it does not yet own of Enlink Midstream, a pipeline company operating in the south central U.S.