Metaverse: a $50 bln revenue opportunity for luxury – MS
Digital demand for fashion and luxury brands is expected to grow from current low levels and result in extra sales for the industry that could reach $50 billion by 2030, according to Morgan Stanley.
KKR, Global Infrastructure Partners to take CyrusOne private for $11.5 bln
KKR & Co Inc (KKR.N) and Global Infrastructure Partners (GIP) will take U.S. data center operator CyrusOne Inc (CONE.O) private for $11.49 billion in cash, the latest deal in a sector that has boomed during the COVID-19 pandemic.
MOVES Citigroup poaches Shah from Credit Suisse to boost tech M&A
Citigroup (C.N) has hired veteran tech banker Dhiren Shah from Credit Suisse Group AG (CSGN.S), as it doubles down on investing in its tech franchise, according to a memo seen by Reuters on Tuesday.
Citigroup to require vaccines for staffers returning to main U.S. offices
Citigroup Inc (C.N) will require U.S. employees returning to its New York headquarters and offices in some cities to be vaccinated against COVID-19, the bank’s head of human resources, Sara Wechter, said in a LinkedIn post on Tuesday.
Australia’s deal boom set to intensify on cheap cash, pandemic confidence -bankers
Australia’s record merger-and-acquisition (M&A) boom can only intensify in the near term as ultra-low interest rates and confidence that the economy will rebound from the COVID-19 pandemic are likely to drive deal activity, bankers said.
Goldman Sachs to raise pay for junior investment bankers – Business Insider
Goldman Sachs Group Inc (GS.N) is raising salaries for its junior employees in the investment bank division, Business Insider reported on Sunday.
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).
Fed meeting may test low U.S. Treasury yields
The $22 trillion market for U.S. Treasury securities may get a reality check from the Federal Reserve this week following a plunge in interest rates that bucked expectations of higher yields this year as the economy rebounds from the COVID-19 pandemic.
Analysis: U.S. companies spend billions on stay-at-home tech, boding ill for office properties
As the U.S. economy reopens, ramped-up corporate spending on video systems and plans to increase shared workspace suggests hybrid work is here to stay, potentially weighing on commercial property prices in New York, San Francisco and other major cities.
Asia M&A bonanza fuelled by Southeast Asia, private equity deals
Asian merger and acquisition activity surged to its second-highest level ever for a first half as Southeast Asian and private-equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year.
