Under mounting pressure from activist fund Barington Capital, U.S. packaging and engineering group TriMas Corp has agreed to sell its aerospace division to an affiliate of Tinicum for $1.45 billion in cash, with Blackstone taking a minority stake. The sale — expected to close in Q1 2026 — marks a decisive move to refocus TriMas...
Norway’s $2.1 trillion sovereign wealth fund — the world’s largest — is pausing all ethical divestments for roughly a year while parliament reviews its ESG framework. Finance Minister Jens Stoltenberg said the rules, created in 2004, “must reflect how the world has changed.”The move follows growing global scrutiny, including U.S. criticism over the fund’s recent...
The world’s largest sovereign wealth fund — Norway’s Norges Bank Investment Management (NBIM) — has officially announced it will vote against Elon Musk’s $1 trillion Tesla compensation package, calling the deal “excessive” and risky for shareholders. “While we appreciate the significant value created under Mr. Musk’s visionary role,we are concerned about the total size of...
India’s central bank is walking a fine line between currency stability and domestic liquidity.As the Reserve Bank of India (RBI) aggressively sells dollars to defend the rupee — now hovering near record lows of ₹88.80 — it’s also draining liquidity from the banking system. Traders estimate RBI’s FX defense has pulled ₹1.5–2 trillion from the...
As Bank of America (BofA) prepares to meet investors in Boston this November — its first such gathering since 2011 — CEO Brian Moynihan faces a familiar challenge:how to turn stability into superior returns. 📈 The Performance Gap BofA’s 15.4% ROTCE trails JPMorgan’s 20%, underscoring a widening gap between the U.S.’s top banks.Analysts say BofA...
Global PE giant KKR just confirmed what many have been waiting for —Asia is back on the map for liquidity. Co-CEO Joe Bae announced that half of KKR’s global 2025 private equity distributions will come from Asia, marking a decisive recovery in exits across IPOs and M&A. “This year is going to be our big...