Blackstone Limits Redemptions From Its REIT
Following a rush of investors seeking redemptions, Blackstone has now limited withdrawals from its nontraded real estate investment trust, joining a number of other firms which have implemented the same…
EU Russian Oil Sanctions May Yield “Violent Price Spike”
The global oil market runs the risk of suffering from massive price shocks next week as the European Union’s sanctions on Russia kick into effect, according to a new report…
Renault And Nissan Alliance Restructuring Stalls Over IP
Car makers Renault and Nissan have canceled a planned announcement of a new deal for a restructured alliance, as the two companies continue seek common ground in negotiations, according to…
India Grabs Title Of Fastest Growing Economy
According to new provisional estimates from India’s National Statistical Office (NSO) the nation’s Gross Domestic Product (GDP) for the quarter from July-September was up 6.3% year over year. The Reserve…
Switzerland May Ban EVs Amid A Threat Of Blackout
As Switzerland is confronted with the threat of possible blackouts this winter, the government is looking at becoming the first country to legally limit Electric Vehicle (EV) usage in order…
Florida Pulls $2 billion Of Investments From BlackRock Over ESG Policies
On Thursday, the Chief Financial Officer of Florida, announced his department was puling $2 billion worth of assets out of management by BlackRock Inc. due to the fund’s promotion of…
EU Lowers The Price Cap On Russian Crude
Bloomberg reported Wednesday that EU lawmakers are negotiating a lower price cap for seaborne oil exports from Russia, at roughly $60 per barrel, according to sources familiar with the negotiations.…
FTX CEO Claims He Did Not Commit Fraud
Sam Bankman-Fried, the former CEO of collapsed cryptocurrency exchange FTX, said on Wednesday that he never intended to commit fraud at his cryptocurrency exchange, ascribing the billions which are missing…
France Continues To See Inflation Surge
Record inflation continued to rack the French economy in November, beating economist expectations, according to new numbers reported on Wednesday by the National Institute of Statistics and Economic Research (Insee).…
German Unemployment Rose In November
Unemployment numbers in Germany rose by 17,000 in November over the previous month, hitting 2,450,000, according to data from the German Federal Labor Agency. The data showed unemployment rising 5.6%,…
