“Citibank, a part of Citigroup Inc. based in New York, is entering the investment-grade bond market today. This move comes after a gap of four years, mainly because its deposits have started to decrease from the high levels seen during the pandemic. Citibank, which offers services like savings accounts, credit cards, and mortgages, is … Read more
New York, an unexpected source of diesel supply, has become a notable diesel exporter as Russia’s ban on fuel exports prompts buyers to seek alternative sources. In the past week, three ships, namely the Mantaro I, the Nord Master, and the Sti Queens, loaded over 1 million barrels of diesel or gasoil combined from New … Read more
Companies are being cautious about buying back their bonds at the moment, and this is happening at one of the slowest rates we’ve seen in a long time. It’s a sign that they might be waiting for the right moment to refinance their debt. However, this cautious approach could backfire as time goes on and … Read more
Amazon, the e-commerce and cloud computing giant, is planning to pour $4 billion into Anthropic, an artificial intelligence (AI) startup founded by former members of OpenAI. This strategic move will not only give Amazon a minority stake in Anthropic but also mark the company’s significant entry into the world of generative AI. This AI domain … Read more
Pacific Investment Management Co. (Pimco) is exploring new ways to help struggling businesses secure funding in a tough lending environment. Jamie Weinstein, a key figure in Pimco’s $170 billion alternative investment division, mentioned in a recent statement that they see opportunities to provide financial support to companies looking to strengthen their finances during these uncertain … Read more
Stock markets in Asia had a tough day on Monday. The only bright spot was Tokyo, which managed to go up. This comes after a rough week on Wall Street, which saw some significant losses. There are a few reasons for this. First, there’s a lot of concern about China’s property market. Also, in … Read more