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☆ Asia markets mostly lower after Federal Reserve holds rates; Yen strengthens further
▼ + stars: | 2024-05-02 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

An employee works at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 13, 2022. Asia-Pacific stock markets were largely lower on Thursday, after the U.S. Federal Reserve opted to hold interest rates steady at the end of its two-day meeting. Fed Chair Jerome Powell ruled out the possibility of a rate hike, easing worries over the central bank likely not being able to rein in inflation. Focus will be on the Japanese yen , which had a volatile start to the week amid suspected government intervention to prop up the currency on Monday. It was last trading at 155.83 against the U.S. dollar.

Persons: Jerome Powell Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, U.S . Federal, U.S . Locations: Tokyo, Japan, Asia, Pacific

☆ Hong Kong transgender activist gets new male ID after yearslong legal battle
▼ + stars: | 2024-04-30 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

On Monday, Tse finally picked up a new ID card that registered his gender as male at Hong Kong’s immigration office. The 33-year-old activist, who holds both British and Hong Kong passports, identifies as a man and has lived as a man for years. His British passport identifies him as male but Hong Kong authorities refused to make that change for the city’s identity card, which is compulsory for all residents. So in 2017, Tse took legal action against the Hong Kong government, which fought the case all the way. LGBTQ activists in Hong Kong have long questioned why they must keep fighting through the courts to gain recognition and equality, but they have nonetheless seen repeated successes.

Persons: Henry Tse, Tse, –, ” Tse, Hong, ”, Xi Organizations: Hong Kong CNN, British, Hong, Appeal, CNN, Kong’s Immigration Department, Reuters Locations: Hong Kong, Hong, East Asia, Kong’s, Tse’s, China, Taiwan, Asia, Japan

☆ Japan stocks set to rebound, while most Asia-Pacific markets are closed
▼ + stars: | 2024-03-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Japan's stock markets were set to bounce Friday, while most markets in the Asia-Pacific region stay shut for a public holiday. Japan's Nikkei 225 is set to rebound, with the futures contract in Chicago at 40,440 and its counterpart in Osaka at 40,390 against the index's last close of 40,168.07. The Japanese yen will be closely watched during the session amid speculation of a possible intervention after the currency recently hit 34-year lows against the U.S. dollar at 151.97. It last traded near 151.42 against the greenback.

Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Nikkei, U.S, greenback Locations: Tokyo, Japan, Asia, Pacific, Chicago, Osaka

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Friday, Feb. 16, 2024. Kosuke Okahara/Bloomberg via Getty ImagesAsia-Pacific markets were set to fall Tuesday as the U.S. market took a breather following a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting. "We're coming off of a post-FOMC high," he told CNBC, referring to the U.S. Federal Reserve's Federal Open Market Committee meeting last week. "The market is getting more and more vulnerable to a market decline or a pullback in prices." Investors in Asia also await economic data out of Southeast Asia, including Singapore's manufacturing output and Thailand's trade balance.

Persons: Kosuke Okahara, Sam Stovall Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Bloomberg, Getty Images, Federal, CFRA Research, CNBC, U.S, U.S . Federal Locations: Tokyo, Japan, Getty Images Asia, Pacific, U.S, U.S ., Asia, Southeast Asia

☆ Nikkei briefly breaches 38,000 for the first time since 1990 as it rallies 3%, nears all-time high
▼ + stars: | 2024-02-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Signage for the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), displayed outside the bourse in Tokyo, in Tokyo, Japan, on Monday, Oct. 30, 2023. Photographer: Akio Kon/Bloomberg via Getty ImagesJapan's Nikkei 225 briefly crossed the 38,000 mark for the first time since the asset bubble burst in 1990 as it rallied about 3% and pushed 34-year highs. However, it was unable to sustain its run above 38,000 points, falling minutes before its close to end at 37,963.97, while the Topix climbed 2.12% to 2,612.03, also at a 34-year high. Other Asia-Pacific markets mostly rose as more markets return to trade from the Lunar New Year holiday, including South Korea and Singapore. Japan's corporate goods price index rose 0.2% in January, beating the 0.1% expected by economists polled by Reuters.

Persons: Akio Kon Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, bourse, Bloomberg, Getty, Nikkei, Reuters Locations: Tokyo, Japan, Gaza, Asia, Pacific, South Korea, Singapore

NEW YORK (AP) — Lorrie Moore, Naomi Klein and the Egyptian writer Ahmed Naji are among the finalists for National Book Critics Circle awards. Honorary prizes are going to Judy Blume and to a longtime ally of Blume's in the fight against book bans, the American Library Association. On Thursday, the critics circle announced nominees in seven competitive categories, ranging from fiction to debut book to best translation. The other fiction nominees are Justin Torres' “Blackouts,” winner of the National Book Award last fall; Teju Cole's “Tremor,” Daniel Mason's “North Woods”; and Marie NDiaye's “Vengeance Is Mine,” translated from the French by Jordan Stump. The book critics circle, founded in 1974, consists of hundreds of reviewers and editors from around the country.

Persons: — Lorrie Moore, Naomi Klein, Ahmed Naji, Judy Blume, Blume's, Moore, “, Justin Torres, ” Daniel Mason's “, Marie NDiaye's, Jordan Stump, Grace E, Tina Post's, ” Nicholas Dames, ”, Myriam Gurba's, Naji, Katharine Halls, Matthew Zapruder's “, ” Susan Kiyo Ito's, David Mas, Patricia Wakida, Jonathan Coe's Martin Luther King, Gregg Hecimovich, Hannah Crafts, Anna, Rachel Shteir's, Betty Friedan, Jonny Steinberg's, Winnie, Nelson, Saskia Hamilton's “, ” Kim Hyesoon's, ” Romeo Oriogun's, Robyn Schiff's, Kareem Abdulrahman, Natascha Bruce, Dorothy Tse's ”, Don Mee, Kim Hyesoon's, ” Todd, ” Maureen Freely’s, Tiffany, Indonesian Norman Erikson Pasaribu's, John Leonard, Ariana Benson's, ” Emilie Boone's, ” Victor Heringer's “, ” Tahir Hamut Izgil's, Donovan X, Martin J, Siegel's, Blume, Becca Rothfield, Marion Winik Organizations: American Library Association, Rotten, PEN America, U.S, Washington Locations: Egypt, Indonesian

☆ Paris Fashion Week: What we saw at the Fall-Winter 2024 menswear shows
▼ + stars: | 2024-01-23 | by ( Samantha Tse | ) edition.cnn.com time to read: +8 min

Paris CNN —The Fall-Winter 2024 menswear shows in Paris saw the return of Balmain Homme after a four-year absence, Givenchy’s first collection since Matthew Williams’ departure and the runway debut of fashion company 032c. Je T’imbsParis fell hard for Timberland’s iconic six-inch yellow boots last week, in what is the heritage American brand’s 50th anniversary year. They look Black, they look Native American.”Shoes as armorIn many collections this season, sneakers were swapped for more formal footwear options. Models at Balmain Homme wore shiny black block-heeled boots encrusted with crystal detailing or monochrome square-toed wingtip boots with loose-cut trousers in bold colors. Ballet dancer Rudolf Nureyev provided inspiration from the ground up for Kim Jones' Dior Homme collection.

Persons: Givenchy’s, Matthew Williams, Aaliyah, Tupac, B.I.G —, Louis Vuitton, Wales Bonner, Vuitton, Francois Durand, Pharrell Williams, Timbs ”, ”, Maisie Willoughby, “ Howard ”, Ik, Rhude, Mike Amiri, Grandpa cardigans, Louis, ” Williams, “, Shutterstock, Rick Owens, Valerio Mezzanotti, Van Noten, Kim Jones, Dior Homme, Straytukay, Owens, Balletcore, Balletcore ”, Dior, Rudolf Nureyev, Jones ’, Colin Jones, Jones, Valentino’s Pierpaolo Piccioli, Valentino, Pierpaolo, Givenchy —, Matthew M, Williams, —, Hubert de Givenchy’s Organizations: Paris CNN, Balmain Homme, American, Louis, Getty, Vuitton, Wales, Ivy, Black Howard University, Lakota, Vogue Locations: Paris, Italy, Washington, Wales, American, Los Angeles, Amiri's, Dakota, Van, Belgian, London, Russian, Givenchy

☆ The Best Books About California
▼ + stars: | 2024-01-19 | by ( Soumya Karlamangla | ) www.nytimes.com time to read: +1 min

Looking for your next absorbing read? Today I’m updating our California Reading List, a project of this newsletter that’s intended to guide anyone looking to learn more about the Golden State through adeptly written prose. Readers have sent in hundreds of wonderful recommendations, and I’ve been sorting through them for weeks. Please keep emailing your suggestions to CAtoday@nytimes.com, and include your full name and the community where you live. (If you have recommendations for the best local spots to read, send those, too.)

Persons: Jeanne Wakatsuki Houston’s, Carey, Octavia Butler’s unsettlingly, Joan Didion, “, Joan Didion’s ‘, Jim Morrison, Charles Manson, ”, Christine Tse Kuecherer Organizations: Reading, Golden State Locations: Golden, “ California, Burbank

☆ Half of Japan firms look at restructuring to boost performance
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: +1 min

TOKYO, JAPAN - JULY 22: Office workers are seen reflected in a window as they walk to a train station in front of the Toshiba Corporations, Tokyo headquarters (left) on July 22, 2015 in Tokyo, Japan. (Photo by Chris McGrath/Getty Images)Around half of Japanese firms are looking at reviewing or restructuring their businesses to boost corporate value, including acquisitions, a Reuters survey showed, amid a push for companies to improve governance. The survey results are the latest sign of concrete actions companies in the world's third-largest economy are looking to take to overhaul their businesses and boost corporate value. The Tokyo market has hit its highest in three decades on expectations companies will boost shareholder returns through unwinding of crossholdings, share buybacks and other measures. While the TSE lists companies that have compiled or considering action plans, the Reuters survey shows measures being considered.

Persons: Hisao Tanaka, Chris McGrath Organizations: Toshiba Corporations, Toshiba Corporation, Tokyo Stock Exchange, Reuters Locations: TOKYO, JAPAN, Tokyo, Japan

☆ Japan markets are hitting multi-decade highs — will Nikkei scale its all-time peak?
▼ + stars: | 2024-01-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty ImagesAfter a tumultuous start to the year, Japan's benchmark Nikkei 225 broke past the 35,000 mark for the first time since February 1990 and has been scaling new 33-year highs. The rally in Japan's equity market, which started on Jan. 5, has also seen the broad-based Topix hitting 33-year highs. Speaking to CNBC, Yeap Jun Rong, market strategist at IG Asia struck an optimistic tone, saying that "all stars seem to be aligned for Japan's stock market." In a note last week, the Bank of America called the Japan rally a "déjà vu," comparing it with the Nikkei's rise between April and June 2023.

Persons: Yeap Jun Rong, Yeap Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Bloomberg, Getty, Nikkei, CNBC, IG Asia, Bank of Japan, TSX, Bank of America Locations: Tokyo, Japan

☆ Japan wants higher returns for investors — here's what it's doing
▼ + stars: | 2024-01-12 | by ( Clement Tan | ) www.cnbc.com time to read: +5 min

3D render Da-kuk | E+ | Getty ImagesJapan is stepping up efforts to ensure its listed companies become more efficient with capital allocation and increase shareholder returns this year. "It's not just the Tokyo stock exchange, but the entire Japan government is pushing for better corporate governance right now," said Toru Yoshikawa, a business professor at Waseda University in Tokyo. watch nowWith this move, the onus also falls on Japan's government to ensure steady and reliable returns from Japan's companies. Corporate governance pushMonday's disclosures will be based on information as of December and the releases will be a monthly affair. "If rival companies are doing great improvements in corporate governance, others will tend to follow that move."

Persons: It's, Toru Yoshikawa, Fumio, Yoshikawa, Warren Buffet, Yunosuke Ikeda, Goldman Organizations: Getty, Japan, TSE, Waseda University, The Tokyo Stock Exchange, kickstarted, Japan Inc, Nippon, Savings, Corporate, Tokyo Stock Exchange, CNBC, Toyota, Goldman Sachs Locations: Japan, Tokyo, Denso, Goldman Sachs Japan

☆ China's policy support is a 'stop-gap' measure — not stimulus, SocGen economist says
▼ + stars: | 2023-12-05 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

Close up of Chinese Yuan notes, with Mao Tse-tung Peter Dazeley | The Image Bank | Getty ImagesChina's recent policy support is aimed at fixing its system and shouldn't be seen as economic stimulus, according to Societe Generale's Asia chief economist and head of research. PMI divergenceExpansion in China's services sector climbed to its strongest since August, a private survey on Tuesday showed. However, the private survey diverged from China's official PMI. The moderating manufacturing PMI and contracting services PMI, along with other November data point to the fragility of the Chinese economy and a faster deceleration of growth momentum last month, they added. The official PMI includes more companies engaged in heavy industries compared with the Caixin PMI, which covers more consumer-focused firms, Barclays economists said.

Persons: Yuan, Mao Tse, Peter Dazeley, Wei Yao, Yao, Jian Chang Organizations: Bank, Getty, Societe Generale's, CNBC, Economic Work Conference, China Communist, PMI, National Bureau of Statistics, NBS, Barclays Locations: Societe Generale's Asia, China

☆ 7 things to know if you're visiting Hong Kong and want to experience the city like a local
▼ + stars: | 2023-11-29 | by ( Faye Bradley | ) www.businessinsider.com time to read: +6 min

I was born and raised in Hong Kong. AdvertisementBorn and raised in Hong Kong, I've seen various quirks and unique behaviors that have become ingrained in the city's culture. Whether it's donning puffer jackets during mild winters or whipping out umbrellas when the sun is shining bright, there are certain things I only expect to see in Hong Kong. Here are seven things you can do to blend in like the locals in Hong Kong. Shouting out orders is essential when visiting dai pai dongs, or open-air food stalls in Hong Kong.

Persons: I've, —, it's, pai dongs, Lewis Tse, Dai pai dongs, siu, — it's, Hong Kongers, Yung Chi Wai Derek, cheung, Sham Organizations: Service, Hong Locations: Hong Kong, Canada, expats, Asia, Mong

Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsLONDON/SYDNEY, Nov 24 (Reuters) - Global shares drifted on Friday in the absence of guidance from Wall Street, which was closed for the Thanksgiving holiday the previous day, but they were still on course for their best month since November 2020. An indecisive Asia session extended to Europe, with the Stoxx 600 share index (.STOXX) trading flat. Despite optimism having surged across global markets this month, there may also be a lull ahead as investors position their portfolios for 2024, some analysts said. Minutes from the latest Fed policy meeting signalled there would not be more hikes unless progress against taming inflation faltered.

Persons: Kim Kyung, Peter Doherty, Arbuthnot Latham, Shane Oliver, Naomi Rovnick, Stella Qiu, Sam Holmes, Robert Birsel, Toby Chopra, Susan Fenton Organizations: Tokyo Stock Exchange, REUTERS, Global, Wall, Nasdaq, Hamas, AMP, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Europe, Israel, U.S, London, OPEC

☆ Asian shares dragged lower by China, Treasury yields climb
▼ + stars: | 2023-11-24 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

Both S&P 500 futures and Nasdaq futures were also little changed. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.6% but are still headed for a weekly gain of 0.8%. Chinese bluechips (.CSI300) fell 0.7% while Hong Kong's Hang Seng index (.HSI) tumbled 1.4%, reversing the previous day's hefty gains. Cash Treasuries fell a little as they resumed trading in Asia, with two-year Treasury yields up 3 basis points to 4.9419% and benchmark ten-year yields up 4 bps to 4.4606%. Brent crude futures fell 0.2% to $81.26 a barrel.

Persons: Kim Kyung, Shane Oliver, Cash Treasuries, Stella Qiu, Sam Holmes, Robert Birsel Organizations: Tokyo Stock Exchange, REUTERS, Rights, Wall, Nasdaq, Hamas, Nikkei, AMP, European Central Bank, Bank of England, Brent, Thomson Locations: Tokyo, Japan, China, Europe, Israel, Gaza, Asia, Pacific, Hong Kong, Beijing

☆ Asian shares dragged lower by China, dollar on back foot
▼ + stars: | 2023-11-24 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsSYDNEY, Nov 24 (Reuters) - Asian shares were dragged lower by China on Friday amid little guidance from Wall Street which was closed for a holiday, while the dollar remained on the back foot as investors bet U.S. rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.4% but are headed for a weekly gain of 0.9%. Japan's markets (.N225) returned from a holiday, with Nikkei (.225) climbing 1.0% to charge towards a 33-year high hit on Monday. In Europe, slightly better than expected euro zone PMIs nudged the euro and shares higher and Sweden's crown dropped as its central bank left rates on hold. In the currency markets, the dollar < =USD> was on the back foot against its peers at 103.71, nearing a three month low of 103.17.

Persons: Kim Kyung, Shane Oliver, Cash Treasuries, Stella Qiu, Sam Holmes Organizations: Tokyo Stock Exchange, REUTERS, Rights, Nikkei, AMP, European Central Bank, Bank of England, Brent, West Texas, Thomson Locations: Tokyo, Japan, China, Asia, Pacific, Hong Kong, Beijing, Europe

☆ Japanese equities draw huge foreign inflows amid easing Fed rate hike fears
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsNov 16 (Reuters) - Foreign investors were major buyers of Japanese equities last week, buoyed by robust corporate earnings and a broader global market rally amid expectations that the U.S. Federal Reserve may pause its aggressive interest rate hikes. Data from Japanese exchanges showed foreign investors purchased stocks worth a net 1.12 trillion yen ($7.40 billion)in the week ended Nov. 10, their biggest weekly net buying since the week ended June 16. Reuters GraphicsInvestments were predominantly focused in derivatives, totaling about 1.04 trillion yen, complemented by 78.3 billion yen directed into cash equities. Year-to-date, Japanese stocks have attracted net inflows of 5.96 trillion yen from foreign investors, a stark contrast to 4.07 trillion yen of net outflows in the year-ago period. Meanwhile, Japanese investors withdrew 73 billion yen from overseas stocks in the last week, becoming net sellers of foreign stocks for the first time in seven weeks.

Persons: Kim Kyung, Patturaja Murugaboopathy, Gaurav Dogra, Varun Organizations: Tokyo Stock Exchange, REUTERS, U.S . Federal, Reuters Graphics Investments, Japan's Nikkei, Treasury, Reuters, Thomson Locations: Tokyo, Japan, U.S

☆ Guatemala Attorney General Determined to Block Arevalo From Office: Sources
▼ + stars: | 2023-10-19 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +4 min

By Sofia MenchuGUATEMALA CITY (Reuters) - Guatemala's attorney general, a steadfast opponent of President-elect Bernardo Arevalo, has crafted a complex strategy to weaken his mandate or prevent him from taking office, according to five sources with knowledge of the prosecutor's thinking. At the center is Attorney General Maria Consuelo Porras, who protesters blame for attempting to prevent Arevalo from taking office on Jan. 14. Anti-graft campaigner Arevalo won a shock landslide victory in August but has received a backlash from the political establishment. Luis Almagro, head of the Organization of American States (OAS), has said the actions of the attorney general's office had set "a shameful example." Blocking Arevalo from taking office would throw Guatemala into deeper turmoil, said Tamara Taraciuk, Rule of Law program director at the Inter-American Dialogue think-tank.

Persons: Bernardo Arevalo, Maria Consuelo Porras, Arevalo, Alejandro Giammattei, Porras, Porras's, Luis Almagro, Arevalo's, Jose Carlos Sanabria, Tamara Taraciuk, Sofia Menchu, Cassandra Garrison, Stephen Eisenhammer, Rod Nickel Organizations: Sofia Menchu, Sofia Menchu GUATEMALA CITY, Semilla, Prosecutors, Organization of American States, U.S . State Department, Inter Locations: Sofia, Sofia Menchu GUATEMALA, Guatemala, United States, Semilla's

☆ Bolsonaro faces mounting legal woes in Brazil
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +3 min

Former Brazilian President Jair Bolsonaro leaves the Federal Police headquarters after testifying about the January 8 riots, in Brasilia, Brazil, October 18, 2023. The far-right former army captain was already the subject of police probes before and during his four years in office. Bolsonaro has repeatedly denied breaking any laws, and calls allegations against him a witch hunt by his political opponents. Among the legal headaches now facing Bolsonaro:BARRED FROM OFFICE TILL 2030In June, Brazil's federal electoral court (TSE) barred Bolsonaro from public office until 2030 for his conduct during last year's election. The inquiry has no power to punish Bolsonaro or others, but can issue recommendations for them to face criminal or civil charges.

Persons: Jair Bolsonaro, Ueslei Marcelino, Jair, Luiz Inacio Lula da Silva, Bolsonaro, Bolsonaro's, Mauro Cid, Cid, Gabriel Stargardter, Brad Haynes, Jonathan Oatis Organizations: Federal Police, REUTERS, DE, Supreme, Thomson Locations: Brasilia, Brazil, DE JANEIRO, United States, Saudi

☆ Factbox-Bolsonaro Faces Mounting Legal Woes in Brazil
▼ + stars: | 2023-10-18 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

The far-right former army captain was already the subject of police probes before and during his four years in office. But his efforts to undermine faith in Brazil's voting system, which culminated in a Jan. 8 insurrection by thousands of his supporters in Brasilia, have only added to his problems. Bolsonaro has repeatedly denied breaking any laws, and calls allegations against him a witch hunt by his political opponents. Among the legal headaches now facing Bolsonaro:BARRED FROM OFFICE TILL 2030In June, Brazil's federal electoral court (TSE) barred Bolsonaro from public office until 2030 for his conduct during last year's election. Last month, after months in jail, Cid agreed to cooperate with the federal police and was freed from behind bars.

Persons: Jair, Luiz Inacio Lula da Silva, Bolsonaro, Bolsonaro's, Mauro Cid, Cid, Gabriel Stargardter, Brad Haynes, Jonathan Oatis Organizations: RIO DE, Reuters, Supreme Locations: RIO DE JANEIRO, Brasilia, United States, Saudi

Private credit players like HPS Investment Partners and Blue Owl Capital (OWL.N) have a workaround, but it could prompt a painful hangover. Cashed-up private credit funds offered sums previously unseen outside of traditional bank financing on riskier deals. Private credit assets swelled 460% to over $1.4 trillion between 2010 and the end of 2022, Preqin says. Reuters GraphicsThe attraction of “mezz” and similar exotic lending isn’t just that it helps private credit source new deals. In 2021, that dynamic meant private loans briefly became cheaper than liquid, tradable loans – flying in the face of financial orthodoxy.

Persons: –, Zendesk, Preqin, LSEG, HPS, Goldman, Blackstone, Angelo Gordon, dealmaking, George Hay, Oliver Taslic Organizations: Reuters, HPS Investment Partners, Owl, Blackstone, Apollo, Treasury, Private, Management, Partners, Reuters Graphics Reuters, Sabre, Companies, Wolf, ADC Therapeutics, Equity, Thomson Locations: EBITDA

☆ Paris Fashion Week: Highlights from the Spring-Summer 2024 runways
▼ + stars: | 2023-10-06 | by ( Samantha Tse | ) edition.cnn.com time to read: +15 min

Meanwhile over at Miu Miu, it was a heartfelt adieu to Fabio Zambernardi after more than four decades with the Prada Group; as in Milan, Miuccia Prada came out and took a bow with him one last time. Pamela Anderson attended fashion week shows sans makeup, as shown here at Vivienne Westwood. At Miu Miu, Sydney Sweeney, Emma Chamberlain, Zaya Wade and Mia Goth made for an eclectic, très-trendy front row; Cate Blanchett appeared at Louis Vuitton alongside Zendaya, who wore a dramatic white double-zipper dress that has gone viral. Issey Miyake continues to explore movement in its runway shows, this season with musicians imitating chirping and other sounds found in nature. Peter White/Getty ImagesOne of the most joyful moments on the Miu Miu runway was the accessory styling.

Persons: Milan —, Peter Do, Helmut Lang, Francesco Risso, Marni, Stefano Gallici, Ann Demeulemeester, “, Sarah Burton’s, Alexander McQueen, Burton, Lee McQueen’s, Magdalena Abakanowicz’s, McQueen, Sarah Burton, Ik Aldama, Alexander McQueen Naomi Campbell, Aldama, Anna Wintour, Tim Blanks, Gabriela Hearst, Chloe, Miu Miu, Fabio Zambernardi, Miuccia Prada, Paris Hilton, Angela Bassett, Fan Bingbing, Jared Leto, Sigourney Weaver, Cher, Usher, Chanel, Riley Keough, Jennie Kim, Blackpink, Pamela Anderson, Vivienne Westwood, JM Haedrich, Pamela Anderson forewent, Issa Rae, Francesco Risso’s, Mugler, Sydney Sweeney, Emma Chamberlain, Zaya Wade, Mia Goth, Cate Blanchett, Louis Vuitton, Zendaya, Jun Takahashi, Victor Virgile, Junya Watanabe, Casey Cadwallader, chiffon, corseted, Rick Owens, Zimmermann, charmeuse, Van Noten, Karl Lagerfeld’s, Victoria Beckham, Kim Kardashian, Kris Jenner, Issey Miyake, chirping, Valentino, FKA, Demna, Cathy Horyn, Guram Gvasalia, Amanda Lepore, Emmanuel Grégoire, Victor Lochon, Glenn Martens, Tweed, Virginie Viard, Bertrand Guay, Gabriela Hearst's, Ik, Hearst, Aitor Rosas Sune, WWD, Isidore Montag, Victoria Beckham Kendall Jenner, David, Romeo, Harper, Peter White, Bingbing, Daniele Oberrauch, Jonas Gustavsson, Karl Lagerfeld's, Miyake, Isabel Marant's, Filippo Fior, Isabel Marant, Jun, Valerio Mezzanotti, Ann Valerio Mezzanotti Junya Watanabe, Miu, Jane Birkin, Julien De Rosa, Gigi Hadid, Caliee Spaeny, Priscilla Organizations: France CNN, Milan, Paris, Prada Group, SAG, Givenchy, Champs Elysee, Louis, LVMH, Getty, Washington Post, Rugby Locations: Paris, France, New York, London, “ Paris, Polish, Brazil, Milan, Hollywood, Balenciaga, AFP, Brooklyn, Van

☆ As long as there's uncertainty yields will continue to move higher: Goldman Sachs' Candice Tse
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAs long as there's uncertainty yields will continue to move higher: Goldman Sachs' Candice TseCandice Tse, Goldman Sachs Asset Management managing director, joins 'Closing Bell Overtime' to talk the day's market action, this week's messaging from Fed Chair Jerome Powell and more.

Persons: Goldman Sachs, Candice Tse Candice Tse, Goldman, Jerome Powell Organizations: Asset Management

CNN —Guatemalan President-elect Bernardo Arévalo de León has announced he is temporarily suspending the presidential transition process after Public Ministry agents raided electoral facilities and opened voting boxes. The president-elect denounced the raids, during which Public Ministry agents opened ballot boxes and photographed their contents, according to the Supreme Electoral Tribunal. The Public Ministry is investigating allegations that Movimiento Semilla – Arévalo’s Party – used forged signatures when it was seeking authorization as a political party. Giammattei said the presidency is willing to resume the transition process and described Arévalo’s decision to suspend it as “unilateral.”The Supreme Electoral Tribunal of Guatemala (TSE) held its own press conference to denounce the latest actions of the Public Ministry. Irma Palencia, the TSE’s president, said those actions had put the Guatemalan electoral system and democracy “at risk” and had violated the “civic rights of citizens expressed at the polls.”

Persons: Bernardo Arévalo de León, Alejandro, Giammattei, ” Arévalo, Arévalo, –, Consuelo Porras, “, ”, Irma Palencia Organizations: CNN, Guatemalan, Public Ministry, Ministry, Movimiento, –, Organization of American Locations: Guatemala, Republic of Guatemala

☆ Red carpets without actors have repercussions for ‘glam squads’
▼ + stars: | 2023-09-06 | by ( Samantha Tse | ) edition.cnn.com time to read: +7 min

CNN —Last week, the 80th edition of the Venice Film Festival opened amid the actors’ strike that has Hollywood at a standstill, rendering the usually glitzy red carpet a more muted affair. Neil Mockford/GC Images/Getty ImagesThe impact of these reduced red carpets extends far beyond the movie business. Scheduled to work at the Venice Film Festival this season, her plans changed when the strike was announced. Lady Gaga in Valentino Haute Couture for the "A Star Is Born" screening at the 2018 Venice Film Festival. With many actors in need of new outlets to fulfil any brand commitments during the strike, we can expect the upcoming fashion month (which starts tomorrow in New York) to offer actors a useful alternative to film festival red carpets.

Persons: it’s, Valentino Haute Couture, Writers Guild of America —, —, ”, Issa Rae, Neil Mockford, Rachel Goodwin, Emma Stone, haven’t, “, hairstylist Nai’vasha, Tracee Ellis Ross, Lupita Nyong’o, Nicole Ari Parker —, Lady Gaga, Valentino, Daniele Venturelli, Kerrie Urban, can’t, Urban, “ Barbie ”, “ Oppenheimer, Ro Morgan, hairstylist, Naomi Campbell, Venus Williams, Ayo Edebiri, he’s, “ I’m, ” Morgan, Morgan, Brad Pitt, Guy Ritchie, Shi Tang, Nai’vasha, It’s, ” Goodwin, Barbie Organizations: CNN, Venice Film, Hollywood, “, Balmain, WGA, Writers Guild of America, Screen Actors Guild, American Federation of Television, Radio Artists, Wimbledon Tennis, Urban, Warner Bros ., Warner Bros, Wimbledon, Toronto Locations: Venice, London, Valentino Haute, Milan, Paris, New York, America

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