Blackstone and Hudson Pacific plan $1 billion film studios in UK
U.S. firms Blackstone (BX.N) and Hudson Pacific Properties (HPP.N) said they planned to create a major film, TV and digital production complex in Broxbourne, north of London, in the first overseas expansion of their Sunset Studios platform.
Schroders’ assets near $1 trillion, aided by low interest rates
Low interest rates are bolstering money managers like Schroders (SDR.L), its chief executive said on Thursday as the British firm posted a jump in first-half profits and record high assets under management of 700.4 billion pounds ($977.7 billion).
Marketmind: A step closer to Fed taper, quelle surprise!
The main reveal from the Fed’s statement was that it was inching closer to a policy normalisation announcement and that came as no surprise to anyone.
China’s assets remain attractive despite recent correction – state media
China’s state media on Thursday said yuan-denominated assets remain attractive and that short-term market panic does not represent long-term value, the latest official effort to shore up investor confidence.
Hyundai Motor, LG’s battery unit to invest $1 bln in EV partnership
South Korea’s Hyundai Motor Group and LG Energy Solution said on Thursday they would set up a joint venture (JV) in Indonesia to establish a battery cell plant for electric vehicles (EV), investing $1.1 billion with each owning half the business.
SoftBank sells 45 mln shares in Uber – source
SoftBank (9984.T) is selling about 45 million of its shares in Uber Technologies Inc (UBER.N), a source familiar with the matter told Reuters on Wednesday.
Duolingo enters ‘major leagues’ with $6.5 bln valuation in strong debut
Language learning app Duolingo Inc (DUOL.O) notched a valuation of $6.5 billion after its shares surged nearly 40% in the company’s Nasdaq debut on Wednesday, becoming the latest education technology startup to impress Wall Street.
Robinhood’s meme stock status fuels IPO uncertainty
Robinhood Markets Inc (HOOD.O) thrived thanks to the popularity of so-called meme stocks such as GameStop Corp (GME.N) with retail investors. Becoming a meme stock itself comes with trading volatility that is giving pause to some potential investors in its initial public offering.
China state-owned daily urges calm after market rout
A Chinese state-owned securities newspaper urged calm on Wednesday after investors dumped mainland shares for a second day on worries over the impact of tighter government regulations.
Asia shares sit at 2021 lows ahead of Fed verdict
Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while the dollar rested with traders reluctant to place large bets ahead of the outcome of the Federal Reserve meeting.
