PwC Predicts a Turning Point for the UK
In a nuanced economic landscape, PwC’s 2024 forecast offers a beacon of hope for the UK, anticipating an upturn from the challenges of the post-pandemic era. Despite a dip in M&A activity in 2023, the projection outlines a positive shift with improvements in household finances, real incomes, and regional growth. The corporate sector, however, faces a potential rise in insolvencies, particularly affecting smaller businesses. Global defense orders surge amidst geopolitical tensions, adding a layer of complexity to economic predictions. Market dynamics, including a strengthened pound and energy price fluctuations, further contribute to the intricate economic tapestry awaiting the UK in the upcoming year.
Assessing Canada’s Economic Challenges Amidst the Threat of Recession
The Canadian economy’s recent performance paints a sobering picture, with stagnant GDP figures in August and a looming threat of recession in the third quarter. These challenges have arisen in the wake of the Bank of Canada’s decision to maintain interest rates, a reflection of the economic slowdown. While high inflation and forest fires have played a role in this predicament, the unexpected nature of this economic struggle has caught many by surprise. It remains to be seen how the central bank will navigate these turbulent waters, with market sentiments signaling increased uncertainty about Canada’s economic future.
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.
Annual Investment Meeting 2023 kicks off at ADNEC in Abu Dhabi
Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, the Annual Investment Meeting (AIM Global 2023) was inaugurated today (8 May) at the Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi.
Exclusive: Goldman Sachs to cut asset management investments that weighed on earnings
Goldman Sachs Group Inc’s asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank’s earnings, an executive told Reuters.
Goldman Sachs dealmakers see M&A recovery in second half of 2023
Goldman Sachs Group Inc’s top dealmakers are bullish on a recovery in global mergers & acquisitions (M&A) in the second half of 2023 despite a slowdown in economic growth and a weak credit market.
Exclusive: Temasek considers sale of Advanced MedTech, likely valued at about $1 bln – sources
Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds.
UniCredit considers quitting Russia as markets watch for sovereign debt payment
UniCredit (CRDI.MI) is urgently reviewing its Russian business and could decide on a costly exit of the country after its invasion of Ukraine, the Italian bank’s CEO said on Tuesday, as markets watch for a payment on Russian sovereign debt.
Goldman profit hit by weaker trading, rising expenses; shares tumble
Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street’s premier investment bank missed quarterly profit expectations, hampered by weaker trading revenues and rising expenses.
