Annual Investment Meeting brings to focus the opportunities and challenges of investing in distressed assets and non-performing loans (NPLs)
Investment experts from around the world discussed the opportunities and challenges of investing in distressed assets and non-performing loans (NPLs) at the 12th edition of the The Annual Investment Meeting (AIM), which took place at the Future Room located at the Abu Dhabi National Exhibition Centre.
US major home goods retailer Bed Bath & Beyond files Bankruptcy petition
Bed Bath & Beyond Inc, the US-based omni chain home goods retailer, on Sunday announced that it and certain of its subsidiaries, filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code (Chapter 11) in the US Bankruptcy Court of New Jersey to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.
FTX says Bahamas regulators hold $296 million, not $3.5 billion of company’s assets
FTX on Friday disputed claims by the Securities Commission of the Bahamas (SCB) that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange’s assets.
Exclusive: Goldman Sachs on hunt for bargain crypto firms after FTX fiasco
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest.
FTX collapse being scrutinized by Bahamas authorities
The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday.
Explainer: How meme stock darling AMC’s new preferred shares work
AMC Entertainment Holdings Inc (AMC.N), the movie theater operator that investors have turned into a meme stock, completed the listing of its new preferred shares on Monday, setting the stage for a potential capital raise.
UK midcaps at three-week low as recession fears grow
UK midcaps hit a three-week trough on Monday while the export-centric FTSE 100 eased from its recent peak on fears of aggressive interest rate hikes by major central banks and slowing economic growth.
Morning Bid: Yuan, euro and pound head down the Hole
Global central banks are scattering again, propelling a resurgent U.S. dollar to its highest in almost two years against China’s yuan and back through parity against the euro.
EXCLUSIVE Germany to overhaul laws to allow energy bailouts – sources
Germany’s government will have the power to take stakes in utilities and impose emergency levies on consumers under proposed legal changes now under discussion, three sources told Reuters, as Berlin moves to beef up energy security.
Russia fines foreign firms for alleged data storage violations
A Moscow court said it had fined video streaming service Twitch, social network Pinterest, holiday rental company Airbnb and United Parcel Service (UPS) on Tuesday for refusing to store Russian citizens’ personal data in Russia.
