One of the largest endowments in the US is making a $4bn investment into Blackstone’s flagship private real estate investment trust, in a move aimed at shoring up confidence in the $69bn fund that put limits on investor withdrawals last year after suffering heavy redemptions. The University of California’s $150bn endowment said on Tuesday it … Read more
Warren Buffett’s Berkshire Hathaway purchased a $4.1bn stake in chipmaker Taiwan Semiconductor Manufacturing Company in the third quarter, vaulting a third tech company into the sprawling industrial conglomerate’s top stock holdings. The purchase of 60mn US-listed shares of TSMC, disclosed with US securities regulators on Monday, marked Berkshire’s largest new stock investment during the three … Read more
Credit Suisse is seeking to raise SFr4bn ($4.05bn) of capital, including SFr1.5bn from the Saudi National Bank, in an effort to restructure its business as it attempts to move on from a litany of scandals. The Swiss lender has also agreed to sell its securitised products unit to US investment groups Pimco and Apollo and … Read more
Skydance Media, the Hollywood production company behind the blockbuster Top Gun: Maverick, has received a cash injection of $400mn led by KKR. The investment, which also included existing shareholders the Ellison family, RedBird Capital Partners and Tencent, gives Skydance a valuation of more than $4bn. The funding will back new initiatives in sports and interactive … Read more
The biggest US banks will signal their worries about the US economy in third-quarter earnings reports starting next week, with analysts expecting they will set aside more than $4bn to cover potential losses from bad loans. The anticipated provisions will be far smaller than the ones made by lenders at the start of the pandemic … Read more
The cost to UK households of bailing out nationalised energy retailer Bulb is expected to soar to more than £4bn by the spring unless the government achieves a sale, saddling every home with an additional £150 or more on its bills next year. The new forecast from energy consultancy Auxilione illustrates the spiralling costs of … Read more
An Apple supplier based in Taiwan is battling an international investor over its multibillion-dollar cash pile in a case that signals burgeoning shareholder activism in the territory. Catcher Technology, which manufactures electronic casings for Apple devices made in China, is being challenged by Hong Kong-based investment firm Argyle Street Management to improve its governance and … Read more