Porsche Stock Is a Wall Street Darling With 22% Surge Since IPO

Laisser un commentaire / Business, Finance / 11/09/2022

Photographer: Alex Kraus/Bloomberg Porsche AG is brimming with analyst favor a little over a month after its landmark initial public offering. Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc. and Deutsche Bank AG analysts rated the luxury carmaker a buy or equivalent on Tuesday, lauding its brand presence, focus on electric vehicles and resilient […]

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Goldman Sachs closes $9.7 bln private-equity fund, largest since 2007

Laisser un commentaire / Finance / 10/10/2022

NEW YORK, Sept 27 (Reuters) – Goldman Sachs Group Inc has closed a $9.7 billion private-equity fund, its largest since 2007, that seeks to invest in companies with an enterprise value of about $750 million to $2 billion, the bank said on Tuesday.

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JPMorgan CEO Jamie Dimon slammed crypto as dangerous – and called bitcoin a Ponzi scheme

Laisser un commentaire / Finance / 09/26/2022

Jamie Dimon has doubled down on his disdain for bitcoin and some other cryptocurrencies, arguing they serve no purpose beyond vacuuming up new buyers’ money to pay out profits to their existing holders.

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Aston Martin announces $660 million rights issue backed by Saudi Arabia’s PIF

Laisser un commentaire / Finance / 09/16/2022

Luxury car maker Aston Martin has announced a £575.8 million ($660m) rights issue, with the backing of investors that include Saudi Arabia’s Public Investment Fund, Mercedes-Benz and the Yew Tree Consortium.

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Glencore posts record $18.9bn profit as coal enjoys a renaissance

Laisser un commentaire / Mining, Finance / 08/25/2022

Glencore’s profits more than doubled to a record in the first half of the year, cementing the group’s status as one of the biggest winners from the turmoil in commodity markets unleashed by the war in Ukraine.

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Italy’s Eni sets up vehicle to support innovative technologies

Laisser un commentaire / Finance, Tech / 08/04/2022

MILAN, Aug 1 (Reuters) – Eni (ENI.MI) has set up a new company called Eniverse Ventures that will help develop new technologies in the energy transition sector, the Italian company said on Monday.

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Mellody Hobson part of group buying Denver Broncos

Laisser un commentaire / Finance, Business / 06/09/2022

(Bloomberg)—A group led by Rob Walton, the son of Walmart Inc. founder Sam Walton, agreed to buy the National Football League’s Denver Broncos for an amount that’s likely to be the highest ever paid for a US professional sports team.

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Robert Friedland: ‘World economy can’t change unless we develop a lot more mines’

Laisser un commentaire / Mining, Finance / 05/16/2022

Global mining personality and financier Robert Friedland has singled out Africa and the Arabian Shield as the venues where the world’s future-facing minerals and metals will be responsibly produced.

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Blackstone and Benetton family bid to take Italy’s Atlantia private in €54bn deal

1 commentaire / Finance / 04/14/2022

Infrastructure deal would mark Europe’s biggest ever take-private transaction

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Tiger Woods SPAC targets sports tech company worth up to US$1bn

Laisser un commentaire / Finance, Tech / 04/11/2022

Tiger Woods is backing a special purpose acquisition company (SPAC) that wants to raise US$150 million in an initial public offering (IPO) to acquire a sports technology firm.

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