(Corrects to show size of inaugural fund $2.4 billion (not $2.7 billion), paragraph 3) By Chibuike Oguh (Reuters) -Carlyle Group Inc said on Wednesday it has raised $4.6 billion for its second credit fund that provides debt financing to companies, including family-owned businesses and private equity-backed firms. The new fund, Carlyle Credit Opportunities Fund II,…
By Paresh Dave OAKLAND, Calif. (Reuters) – Microsoft Corp’s LinkedIn boosted subscription revenue by 8% after arming its sales team with artificial intelligence software that not only predicts clients at risk of canceling, but also explains how it arrived at its conclusion. The system, introduced last July and to be described in a LinkedIn blog…
WASHINGTON (AP) — The U.S. rolled out a new wave of financial sanctions on Wednesday against Russia that President Joe Biden said would place a lasting penalty on the country’s economy. The United Kingdom quickly followed suit, and more pain was coming from the European Union as the allies pressed forward with an escalating campaign…
MADRID (Reuters) -Luis Gallego, the chief executive of British Airways’ parent IAG, said on Wednesday a deal over the protracted acquisition of Spanish low-cost airline Air Europa may take at least 18 months. “We have to decide on a calendar to take 100%, but I think it would take minimum 18 months,” Gallego said during…
By Brenna Hughes Neghaiwi ZURICH (Reuters) – UBS shareholders on Wednesday approved the bank’s climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not going far enough. In all 77.74% of shareholder votes backed Switzerland’s biggest bank’s climate proposal — presented to investors as their first “Say-on-Climate” —…
(Reuters) – Russian stock indexes returned to gains after a short-lived slide in early trade on Wednesday, shrugging off threats of new western sanctions in response to what Moscow calls “a special military operation” in Ukraine, while the rouble stabilised. Equities largely lost ground at the opening on reports that the United States and its…
NEW DELHI (Reuters) – India’s VerSe Innovation has raised $805 million in a funding round led by Canada’s top pension fund, putting a $5 billion valuation on the Google-backed parent of short-video app Josh and news aggregator Dailyhunt. The funding round saw participation from firms including Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan…
By Yuka Obayashi TOKYO (Reuters) -Oil futures rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude stockpiles and Shanghai’s extended lockdown. Brent crude futures were up 49 cents, or 0.5%, at $107.13 a barrel as of…
BENGALURU (Reuters) -Indian digital payments firm Paytm said on Wednesday it is aiming to be operationally profitable by September next year, seeking to allay doubts about its business model that has clouded the stock. Backed by China’s Ant Group and Japan’s SoftBank Group Corp (9984.T), Paytm raised $2.5 billion in India’s biggest initial public offer…
BANGKOK (AP) — Asian shares tracked a retreat on Wall Street after details from last month’s Federal Reserve meeting showed the central bank plans to be aggressive in fighting inflation. The Fed comments added to investor unease over the war in Ukraine, coronavirus outbreaks in China and persistent high inflation. Benchmarks fell Thursday in all…
