SINGAPORE — For decades, private markets have been the preserve of pension funds, endowments and sovereign wealth giants. Now, that exclusivity is fading. More wealthy individuals are getting invited into a once-closed club reserved for long-term investments from large institutions — and that is ruffling feathers. The trend has been …
Australian stocks extend gains after RBA rate cut Australia’s benchmark S&P/ASX 200 added 0.28% to 8,869.70 as of 2:45 p.m. Australian Eastern Standard Time (12:45 p.m. ET), after the Reserve Bank of Australia cut rates by 25 basis points. Stock Chart IconStock chart icon S&P/ASX The benchmark had hit a …
Ray Dalio urges Trump to make a deal with China after U.S. pauses tariffs on other countries Bridgewater Associates’ Ray Dalio on Wednesday implored U.S. President Donald Trump to make a deal with Beijing after Trump announced to pause steep tariffs on all countries barring China. “There are better and …
Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024. Dado Ruvic | Reuters After a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC, they’re expecting the flagship cryptocurrency to hit new all-time highs in 2025. In December, the world’s largest cryptocurrency …
People commuting to work in the morning cross a pedestrian crossing in Tokyo on February 15, 2024. Kazuhiro Nogi | AFP | Getty Images Asia-Pacific markets mostly fell as of Japan’s corporate inflation climbed in March and rate decisions are assessed from New Zealand and Thailand’s central banks. South Korea’s …
Japanese yen and U.S. dollar on display in Yichang, Hubei province, Nov 13, 2023. Costfoto | Nurphoto | Getty Images Asia-Pacific markets were mixed Wednesday as investors assessed economic data from China and Australia, while the Japanese yen fell to 151.97 — its weakest level in 34 years against the …
Melbourne city centre skyline alongside the Yarra River. Loop Images | Universal Images Group | Getty Images Nikkei hit a fresh all-time high as Asia markets climbed after Federal Reserve maintained its forecast for three rate cuts while holding the Federal Funds rate at 5.25%-5.5%. The outlook for three cuts …