Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "DU"


25 mentions found


So it's no wonder that through the past couple of years, working on and around private credit deals has become Wall Street's career du jour. Private credit is most often floating-rate debt — that is, debt where interest rates rise in concert with rate hikes. 'Unheard of' salaries, while risks abound in the marketIt's worth noting what private credit is: we're talking about debt and loans. "For most of my career, attracting new attorneys to private credit was a challenge. Proskauer's private credit group now has 90 lawyers, 24 of whom are partners, working full-time on private credit.
Persons: that's, Marc Rowan, Marc Lipschultz, Goldman Sachs, Paul Heller, Hannah Robb, Robb, It's, Cliffwater, Heller, Caldwell, Banks, Carlyle, Blackstone, Marco Acerra, Spencer Stuart, it's, Acerra, Richard Fernand, Nicholas Kalogeropoulos, Sam Iles, I've, Mike Mezzacappa, Evan Palenschat, Robert Lewin Organizations: Blackstone, Partners, CFA Institute, Columbia Business School, Wall Street, Alpha FMC, Barclays, Goldman Locations: New York
The state-owned Shanghai Securities Journal reported that one of the detainees is the general manager and legal representative of Evergrande Wealth, citing an unnamed source. CNN has reached out to Evergrande and Evergrande Wealth for comment about the investigation, but hasn’t received a response. Of that amount, 34 billion yuan ($4.7 billion) was still unpaid by the end of last year. Multiple protestsProblems at Evergrande’s wealth unit first became widely known in August 2021, when it stopped issuing financial products due to “difficulty” in repaying them. Sayaka Nanbu/APTo appease its creditors, Evergrande Wealth subsequently proposed several repayment plans.
Persons: “ Du, hasn’t, Evergrande, Sayaka Nanbu Organizations: Hong Kong CNN, Hong, Police, Evergrande, Shanghai Securities Journal, CNN, Shenzhen government’s, Evergrande’s Locations: Hong Kong, Shenzhen, Evergrande’s Shenzhen, Shanghai, United States
Bahat brings this same radical directness to Bloomberg Beta, the early-stage venture capital fund housed within the larger Bloomberg empire that he's run for the past decade. And Bloomberg Beta was making investments in generative AI as far back as 2015, before the term "generative AI" even existed. "It felt like we were just waiting for the right moment," said Cham, Bloomberg Beta partner and de-facto chief technologist, "where the rest of the world would see it." Bloomberg Beta made the decision early on to publish its entire operating manual on GitHub, including sensitive information about average check size and investment criteria. Kieran Snyder, the founder of generative AI startup Textio which Bloomberg Beta invested in in 2015, has a shorthand for describing the role of Beta's three partners.
Persons: Roy Bahat's, Bahat, James Cham, Karin Klein, Shivon Zillis, Elon Musk's, Cham, ChatGPT, VCs, Bloomberg Beta, Dan Doctoroff, Mike Bloomberg, Doctoroff, Bahat's chutzpah, Bloomberg —, Bloomberg Philanthropies, Tade Oyerinde, Sam Altman, Peter Thiel's Founder's, Roy didn't, Oyerinde, Kieran Snyder, who's, Apple Lisa, Klein, Karen, Snyder, Roy, Zilis Organizations: Port Authority, World Trade Center, IGN, Bloomberg Beta, Bloomberg, LinkedIn, Elon, Beta, Apple, New Locations: New York, Silicon Valley, East, California
China police detain some Evergrande wealth management staff
  + stars: | 2023-09-17 | by ( ) www.reuters.com   time to read: +2 min
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 17 (Reuters) - Police in southern China have detained some staff at China Evergrande Group's wealth management unit, suggesting a new investigation that could add to the property giant's woes. During protests by disgruntled investors at Evergrande's Shenzhen headquarters in 2021, Du Liang was identified by staff as general manager and legal representative of Evergrande's wealth management division. China Evergrande did not immediately respond to a request for comment on Sunday outside of normal business hours. The police said the investigation into the financial management unit was ongoing and urged investors to report any further financial crimes.
Persons: Aly, Du, Du Liang, China Evergrande, Moody's, Laurie Chen, David Kirton, Tom Hogue Organizations: China Evergrande Group, REUTERS, Rights, Police, China, Financial Wealth Management, Evergrande's Shenzhen, Reuters, HK, Thomson Locations: China, Shenzhen, Guangdong province, Rights BEIJING, China's
TAIPEI, Taiwan (AP) — Police in a southern Chinese city said they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer. A statement by the Shenzhen police on Saturday said authorities “took criminal coercive measures against suspects including Du and others in the financial wealth management (Shenzhen) company under Evergrande Group.”It was unclear who Du was. Media reports about investors’ protests at the Evergrande headquarters in Shenzhen in 2021 had listed a person called Du Liang as head of the company’s wealth management unit. Evergrande is the world’s most heavily indebted real estate developer, at the center of a property market crisis that is dragging on China’s economic growth. A series of debt defaults in China’s sprawling property sector since 2021 have left behind half-finished apartment buildings and disgruntled homebuyers.
Persons: , Du, Evergrande, Du Liang Organizations: — Police, China, Shenzhen, Evergrande, Media Locations: TAIPEI, Taiwan, Shenzhen
BEIJING — China can't just rely on increasing childbirths to address its aging population issues, said Du Peng, vice principal of Renmin University of China. Du is director of the university's Institute of Gerontology, which means relating to the elderly. China's population growth has slowed as births drop and lifespans increase. In the last ten years, Beijing has started to unwind strict policies that for about three decades had limited households to one child each. High education and housing costs, especially in the big cities where more jobs are located, has also discouraged households from having children.
Persons: Du Peng, Du Organizations: Renmin University of China, university's Institute of Gerontology, China's Ministry of Civil Affairs Locations: BEIJING, China, Beijing
U.S. Commerce Secretary Gina Raimondo's trip to China last month had promised some economic and trade detente between the two superpowers now at loggerheads. And none of the 222 funds polled expected China economic growth to be any higher next year than this - mirroring a recent Reuters survey of domestic and overseas banks and investors. As these sorts of surveys go, there's an awful lot in there that could spell "peak gloom". Indeed, shorting China equities was deemed the second "most crowded trade" behind long exposure to supercharged Big Tech stocks. Even if the economy turns, political catalysts for a return to China may be slow in coming.
Persons: Aly, Gina Raimondo's, it's, Jamie Dimon, Jay Clayton, Jenny Johnson, Franklin Templeton, Willem Sels, Mike Dolan, Sharon Singleton Organizations: REUTERS, . Commerce, Bank of, Big Tech, Reuters, Reuters Graphics Reuters, JPMorgan, Investments, The Ontario Teachers, Caisse, Franklin, HSBC Private Banking, Thomson Locations: Shanghai, Shenzhen, China, loggerheads, Wall, Asia, Silicon Valley, Hong Kong, Temasek, Bridgewater, Blackrock, India, Indonesia, Washington, United States
REUTERS/Brendan McDermid//File Photo Acquire Licensing RightsSept 11 (Reuters) - USI Insurance Services said on Monday that existing shareholder KKR (KKR.N) plans to make a new equity investment of more than $1 billion to become the largest stakeholder. Private equity firm KKR and USI will purchase shares of USI held by pension fund Caisse de dépôt et placement du Québec (CDPQ) and certain other investors, as part of the agreement. More than 50% of the USI shares held by CDPQ will be purchased as part of the transaction. CDPQ and KKR bought USI in 2017 from investment manager Onex (ONEX.TO) for $4.3 billion, including debt. USI provides insurance and employee benefit-related products to U.S. companies.
Persons: Brendan McDermid, CDPQ, Onex, Jaiveer Singh, Shounak Dasgupta Organizations: KKR, New York Stock Exchange, REUTERS, USI Insurance, USI, Thomson Locations: New York, U.S, Bengaluru
MADISON, Wis. (AP) — Indigenous tribes in Michigan, Minnesota and Wisconsin have asked federal officials to deny a utility's request for a loan to help build a natural gas-fired power plant on the shores of Lake Superior, calling the project unthinkable in the face of climate change. Chippewa tribes located across the northern third of the three states sent a letter to U.S. Department of Agriculture officials on Sunday asking them to deny Dairyland Power Cooperative's request for a $350 million public loan. The request is intended to cover the utility's share of the cost of building the Nemadji Trail Energy Center power plant. Dairyland Power Cooperative, Minnesota Power and Basin Electric Cooperative have been working to gain permission to build the $700 million power plant for more than three years. The tribes also noted that the new plant would be situated near a cemetery where about 180 Fond du Lac tribal members are buried in a mass grave.
Persons: Red Cliff, Wisconsin —, didn't, Dairyland, Katie Thomson Organizations: U.S . Department of Agriculture, Sunday, Energy, Power Cooperative, Cooperative, Minnesota Power, Basin Electric, Bands of Michigan, USDA, Associated Press Locations: MADISON, Wis, Michigan , Minnesota, Wisconsin, Lake Superior, Chippewa, Superior , Wisconsin, Lac, Minnesota
Vingegaard wins Vuelta stage 13 on terrible day for Evenepoel
  + stars: | 2023-09-08 | by ( ) www.reuters.com   time to read: +4 min
Sept 8 (Reuters) - Jonas Vingegaard tamed the Tourmalet to win stage 13 of the Vuelta a Espana, on a dramatic day which saw last year's winner Remco Evenepoel's challenge wither in the Pyrenees on Friday. The relentless climbing and downhill racing took its toll on many, including last year's winner Evenepoel, who now finds himself out of contention. Any early attacks had all been reeled in by a Jumbo-Visma team looking to control the race. With the five-man group left to battle behind Vingegaard, it was Kuss who attacked in the final kilometre to close the gap. Saturday's stage 14 is another mountain stage, a 156.5 kilometre ride from Sauveterre-de-Bearn to Larra-Belagua.
Persons: Jonas Vingegaard, Remco, du Tourmalet, Evenepoel, Sepp Kuss, Primoz, Vingegaard, I'm, Kuss, d'Aubisque, Joao Almeida, Marc Soler, Juan Ayuso, Almeida, Robert Gesink, Wilco Kelderman, Lenny Martinez, Michael Storer, Enric Mas, Roglic, Visma, Dane, Trevor Stynes, Christian Radnedge, Toby Davis Organizations: UAE Team Emirates, de France, la, Belgian, Thomson Locations: Espana, Pyrenees, Formigal, Roglic, American, Vingegaard, Sauveterre, Bearn, Larra
Comet Nishimura appears in the night sky through September 13, before skimming past the sun. Here's how, where, and when to spot Comet Nishimura before it might burn up and disappear forever. Advertisement Advertisement Watch: How NASA spent $10 billion on the James Webb telescopeAfter passing our planet, Comet Nishimura will continue careening toward the sun — and possibly its own destruction. How, when, and where to spot Comet NishimuraA photographer attempts to capture the comet Neowise from Trwyn Du Lighthouse, Anglesey, Wales. Carl Recine/ReutersFor now, Comet Nishimura is only visible in the Northern Hemisphere.
Persons: Comet Nishimura, Nishimura, James Webb, it's, Carl Recine, Dan Bartlett, Bartlett, Leo, Bob King of, King Organizations: Service, NASA, Mercury, Southern Hemisphere, Planetary Society, Reuters, Northern, Cancer, Bob King of Sky Locations: Wall, Silicon, Trwyn Du, Anglesey, Wales, California
Depleted uranium is a dense by-product left over when uranium is enriched for use in nuclear reactors or nuclear weapons. The depleted uranium is still radioactive, but has a much lower level of the isotopes U-235 and U-234 - way less than the levels in natural uranium ore - reducing its radioactivity. The United States, Britain, Russia, China, France and Pakistan produce depleted uranium weapons, which are not classified as nuclear weapons, according to the International Coalition to Ban Uranium Weapons. Ingesting or inhaling quantities of uranium - even depleted uranium - is dangerous: it can depress renal function and raises the risk of developing a range of cancers. A United Nations Environment Programme report on the impact of depleted uranium on Serbia and Montenegro found "no significant, widespread contamination".
Persons: Sergei Ryabkov, Ryabkov, Guy Faulconbridge, Frank Jack Daniel, Tomasz Janowski, Kevin Liffey Organizations: Pentagon, International Atomic Energy Agency, Associated Universities, of, DU, WHO, International Coalition, Uranium, NATO, Royal Society, IAEA, United Nations Environment, TASS, Thomson Locations: Ukraine, Russian, Tennessee, United States, Britain, Russia, China, France, Pakistan, Yugoslavia, Balkans, London, Serbia, Montenegro, RUSSIA, Washington
A man walks past a model of the G20 logo outside a metro station ahead of the G20 Summit in New Delhi, India, September 4, 2023. REUTERS/Anushree Fadnavis/File Photo Acquire Licensing RightsJOHANNESBURG/NEW DELHI, Sept 7 (Reuters) - The Group of 20, comprising the world's richest and most powerful countries, will grant membership to the African Union, sources said on Thursday. The South African official, who did not want to be named before the decision was made public, however said that there was still a possibility that someone might veto the resolution. South African presidential spokesperson Vincent Magwenya said: "We wouldn't comment now until the official announcement or post the summit." Countries including Germany, Brazil, South Africa and Canada have also voiced support for African Union membership.
Persons: Anushree, Narendra Modi, Modi, Vincent Magwenya, Carien du, Clarence Fernandez, Raju Gopalakrishnan, Alex Richardson Organizations: REUTERS, Rights, African Union, African, European Union, AU, Reuters, South, Indian, Thomson Locations: New Delhi, India, Rights JOHANNESBURG, DELHI, African Union, South Africa, Brazil, Delhi, Germany, Canada, Carien du Plessis, Johannesburg, Akanksha, Bengaluru
He will have at least one advantage: Chinese President Xi Jinping will not be at the meetings. "But the question ... is whether the United States will be able to step up." FAST GROWTH, HIGH DEBTChinese Premier Li Qiang will represent China at the G20 as its leaders cope with sagging growth and a possible property debt crisis. For his part, Xi is also finding new ways to engage the developing world, hosting a gathering of Central Asian leaders and discussing development in May. Xi is also expected to attend an Asia-Pacific Economic Cooperation (APEC) summit in San Francisco in November, where he may meet with Biden.
Persons: Joe Biden, Leah Millis, Biden, Xi Jinping, Zack Cooper, Li Qiang, Vladimir Putin, Sergei Lavrov, Jake Sullivan, Donald Trump's, Sullivan, White, Khulu Mbatha, Cyril Ramaphosa, Trevor Hunnicutt, Nandita Bose, Michael Martina, Carien du, Don Durfee, Grant McCool Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, World Bank, Bank, U.S, Partnership for Global Infrastructure, Investment, American Enterprise Institute, IMF, Global, White House, Trump, Republican, South, Central Asian, United, United Arab Emirates, Economic Cooperation, Biden, Thomson Locations: Washington , U.S, India, United States, Africa, Latin America, Asia, Washington, China, Russian, East, Central Asia, Saharan Africa, People's Republic, Ukraine, Brazil, South Africa, Beijing, Moscow, Russia, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab, San Francisco, Carien du Plessis, Johannesburg
$2.2 Million Homes in California
  + stars: | 2023-09-04 | by ( Angela Serratore | ) www.nytimes.com   time to read: +1 min
It was recently renovated and has new electrical and plumbing systems; new interior and exterior lighting; and new windows. The property is less than half a mile from hiking trails that wind through the Upper Las Virgenes Canyon Open Space Preserve. The Commons at Calabasas, a large shopping center, is about 10 minutes away. Downtown Los Angeles is an hour’s drive. Size: 2,776 square feetPrice per square foot: $792Indoors: The front yard was landscaped during the renovation, and wide concrete stairs complement the plantings, leading up to the front door.
Persons: Charles Du Bois Organizations: MGM, Malibu, Downtown Locations: Los Angeles, Calabasas, Downtown Los Angeles
[1/2] Employees work on a the access stairs to an underground urban cooling network power station developed by Fraicheur de Paris, using water from the Seine river to generate air conditioning used by an increasing number of buildings and public spaces, in Paris, France, August 24, 2023. Acquire Licensing Rights Read moreCompanies Engie SA FollowPARIS, Sept 4 (Reuters) - The city of Paris plans to expand an urban cooling system that draws on water from the Seine river as it seeks to meet rising demand for air conditioning while curbing carbon emissions, its secretary general Raphaelle Nayral said. Europe's largest cooling network serves sites across the city, including buildings that will be used for the Paris Olympics next summer, like the Grand Palais, a sprawling glass and steel exhibit hall in central Paris. Ghislain Tezenas Du Montcel, owner of an office building that uses the underground cooling system, said the new system was more sustainable, and also beneficial financially. "Given the fact that the price of electricity has increased, we think (air conditioning via this network) is now cheaper," said Tezenas du Montcel.
Persons: Fraicheur de, Raphaelle Nayral, Nayral, Paris Fraicheur, Ghislain, Du Montcel, Antonia Cimini, Mimosa Spencer, Peter Graff Organizations: PARIS, Paris Olympics, Paris, Thomson Locations: Fraicheur de Paris, Paris, France, Europe
“Imagine a hallucinogenic state fair,” the reporter Rick Marin wrote about Burning Man in The New York Times in 2000. The article described an environment of countercultural revelry, where hippies and Silicon Valley types cut loose in surroundings reminiscent of both “Mad Max” and Cirque du Soleil. The event was pummeled by rain that began on Friday night, leaving thousands of attendees trapped and dealing with thick sludge. With limited access to the site, attendees have been told to conserve food and water. The extreme conditions have challenged the free-spirited atmosphere that has long been central to Burning Man’s allure.
Persons: Rick Marin, Max ” Organizations: The New York Times, du Locations: The, Nevada
A few years ago, the charity ran out of money and quietly stopped operating, so the building began filling up with drug users and desperately poor migrants, residents said. Spokespeople for the City of Johannesburg and police did not respond to requests for comment about the residents' accounts. But Johannesburg city manager Floyd Brink said there was a plan to get hijacked buildings back under control. But human rights groups took them to court, said Annie Michaels, an activist from the Johannesburg Migrants Advisory Panel, which has been supporting migrants in the building. Shocked at the state of the building, Jack urged her brother Dube to move, but he never did.
Persons: Sihle Dube, didn't, Dube, Bertha Gxowa, Angela Rivers, Kabelo Gwamanda, Floyd Brink, Cyril Ramaphosa, Ramaphosa, contemptuously, Thando, Ethel Jack, Jack, I've, Chinte Mustafa, Annie Michaels, Michaels, he'd, Tim Cocks, Alexandra Zavis, Ros Russell Organizations: Association, City, Bertha, REUTERS, Thomson Locations: Johannesburg Fire, JOHANNESBURG, Johannesburg, Germiston, Johannesburg's, South, South Africa, Africa, Utrecht, Malawi
[1/3] A police officer walks past the apartment block where a deadly fire broke out, in Johannesburg, South Africa, September 1, 2023. "Local government has to enforce the laws," Ramaphosa said at a governing African National Congress party event. Municipal officials have said efforts to evict residents in illegally occupied buildings are often hamstrung by court orders stopping the evictions. Ramaphosa said he has asked government ministers to look into ways of enforcing laws without violating people's rights. Ramaphosa said he collected his passbook at the building about 50 years ago, when he worked in the city.
Persons: Siphiwe, Cyril Ramaphosa, Ramaphosa, Carien du, Olivia Kumwenda, Ros Russell Organizations: REUTERS, Rights, Saturday, African National Congress, Government, Black, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Africa, Carien du Plessis
The Chinese national flag is seen in front of the financial district Central on the Chinese National Day in Hong Kong, China October 1, 2022. Most were on the fund's private equity team and were informed early last month, according to two of the people. CPP, which employs more than 150 people in Hong Kong, its Asia hub, declined to comment. The Ontario Teachers' Pension Plan (OTPP) closed down its China equity investment team based in Hong Kong in April, Reuters has reported. There have been $3.2 billion worth of acquisitions of firms in China by private equity so far this year.
Persons: Tyrone Siu, Gina Raimondo, Canada's, Michel Leduc, Julie Zhu, Kane Wu, Edwina Gibbs Organizations: REUTERS, Investments, U.S, . Commerce, The Ontario Teachers, Reuters, Caisse, Financial Times, Thomson Locations: Central, Hong Kong, China, HONG KONG, Asia, Canada, U.S, Washington, Shanghai
Ms. Moreno, a 78-year-old retiree who was knocked over by a man riding an electric scooter a few years back, was luxuriating in the calm of her neighborhood. Paris became the first European capital to outlaw the vehicles on Friday, following a vote in April in which Parisians overwhelmingly supported a ban, although turnout was low. “I’m always scared when I see one,” Ms. Moreno said. Since their eruption onto the streets and sidewalks of cities across the world in 2019, e-scooters have posed unique regulatory problems for city officials. The vehicles often stayed in legal limbo as officials mapped out charters for e-scooter operators, capped fleets and regulated parking.
Persons: Anne, Marie Moreno, Moreno, “ I’m, Ms, , , nodded, Général Leclerc Organizations: Privately Locations: Paris
French Economy and Finance Minister Bruno Le Maire attends the China-France Economic and Financial Dialogue at the Diaoyutai State Guesthouse in Beijing, China, July 29, 2023. He said they had also agreed to bring forward annual price negotiations - initially planned for next year - to September. Le Maire went a step further on Thursday, naming Unilever, Nestle and Pepsi Co as being among the companies which he said were refusing to toe the line on prices. "The large multinationals could do much more," Le Maire said. "No one is willing to say 'I am going to reduce my prices' because the government is saying so," he said.
Persons: Bruno Le Maire, Thomas Peter, Le Maire, Le, Sybille De La, Silvia Aloisi, David Holmes, Frances Kerry Organizations: Finance, France Economic, REUTERS, Rights, Unilever, Nestle, PepsiCo, Federation du Commerce, Pepsi Co, Thomson Locations: China, France, Diaoyutai, Beijing, Paris
What Courtney Dauwalter Learned in the Pain Cave
  + stars: | 2023-08-31 | by ( Rebecca Byerly | ) www.nytimes.com   time to read: +2 min
After running for 60 miles through snow, up steep, root-filled switchbacks with thousands of feet of elevation gain, Courtney Dauwalter entered what she calls her pain cave. Scott Jurek won Western States seven times (most recently in 2005) but never once ran as fast as Dauwalter did this year. She beat a 1994 Western States record set by Ann Trason, who won the race 14 times, by more than two hours. Now she is trying to do something even the most accomplished ultrarunners would consider extraordinary: win three highly competitive 100-mile races in a single summer. She has won the race twice and currently holds the women’s record.
Persons: Courtney Dauwalter, , Scott Jurek, Ann Trason, Mickey Mouse, billy Organizations: Western Locations: Sierra Nevada, ultrarunning, Moab , Utah, Western, Silverton, Colo, Blanc, Chamonix, France
High food prices are a concern for all European governments, with retailers and consumer goods groups trading blame. In Hungary, Prime Minister Viktor Orban has imposed mandatory price cuts on some basic food items. And in Portugal, the government announced in March a package to help low-income families, including scrapping the value added tax on essential food products. French retailers have called for more regular price negotiations with consumer goods companies to reflect changes in the price of raw materials. This year those negotiations led to a 10% increase on the price of products on supermarket shelves.
Persons: Eric Gaillard, Bruno Le Maire, Mousquetaires, Thierry Cotillard, It's, Carrefour Alexandre Bompard, Viktor Orban, Le Maire, Dominique Vidalon, Helen Reid, Silvia Aloisi, Ingrid Melander, Bernadette Baum, David Evans, David Gregorio Our Organizations: REUTERS, Rights, French Finance, Federation du Commerce, RTL, Carrefour, FDC, Thomson Locations: Nice, France, Italy, Hungary, Portugal, Paris, London
Anti-black racism and white supremacy are frequent topics of research in history, law, anthropology, economics, sociology and religion. Racism resides in the mind, the heart, twisted imaginations and long-festering resentments that surge in times of perceived loss of power. Addressing anti-Black violence would require that we take seriously the disease of racism that has infected our Republic since its founding. You can close all the doors and shut the windows, but the truth will seep in through vents and chimneys. Americans must let the truth into the house or it will suffocate itself on the toxic fumes of malice and false memories.
Persons: , Du Bois, James Baldwin Locations: America, Republic
Total: 25