After years of muted activity, leveraged buyouts (LBOs) are staging a comeback. Private equity firms and sovereign wealth funds are increasingly targeting high-profile technology, media, and consumer companies. Cheap debt, abundant dry powder, and the search for stable cash flows amid public market volatility are driving this resurgence. Recent and historic deals illustrate the trend:...
Botswana has established a new sovereign wealth fund aimed at economic diversification, job creation, and management of state-owned companies. This initiative comes as the Southern African nation faces a downturn in its diamond-dependent economy, which contributes roughly 75% of exports and one-third of fiscal revenue. Unlike the existing Pula Fund, which primarily serves as a...
The U.S. Securities and Exchange Commission (SEC) has paved the way for asset managers to add exchange-traded share classes (ETF shares) to existing mutual funds. “We are increasing choice, reducing expenses, and making ETF innovation more accessible to retail investors,” said Brian Daly, SEC Investment Management Division.
The Swiss National Bank (SNB), together with the Swiss Finance Ministry and the U.S. Treasury, confirmed that Switzerland does not target exchange rates for competitive advantage.
– Foreign investor interest in Indian government bonds is experiencing a revival, with inflows picking up steadily over the last month. This surge in demand is largely driven by fresh expectations of a potential rate cut by the Reserve Bank of India (RBI), with some analysts predicting a modest 25 basis point cut as early...
The Bank of Japan (BOJ) decided to keep interest rates steady at 0.5%, as expected, signaling cautious optimism about Japan’s economic outlook despite lingering geopolitical tensions and tariff risks. In addition, the BOJ raised its inflation forecast for the current fiscal year, projecting core consumer inflation to rise to 2.7% from the previously forecasted 2.2%.Key...