Author: Press Room

Good morning. A group of investors including Goldman Sachs is seeking to buy cut-price private assets from UK pension funds, which are rushing to raise cash after last week’s government bond market turmoil.UK pension funds have sold liquid assets since Chancellor Kwasi Kwarteng’s “mini” Budget sparked a crisis in the gilts market. Many are planning to sell more illiquid holdings, including property, private credit and stakes in buyout funds.“We’re seeing discounts of 20 to 30 per cent for a high quality portfolio [of stakes in private equity funds]” — Gabriel Möllerberg, a managing director at Goldman Sachs Asset ManagementInvestors including…

The crypto craze among Asian investors is spurring asset managers in the region to seize opportunities to woo them over with their products despite tightening regulation, Cerulli Associates notes in a new report.A number of cryptocurrency and blockchain-focused funds that invest in the broader universe without directly investing in cryptocurrency have been rolled out this past year in Singapore, Hong Kong and Korea, while Australia has seen the region’s first exchange traded funds with direct exposure to bitcoin and ether.“For investors, the growing number of mutual funds and ETFs coming to market help to widen product choices or even legitimise…

Ursula von der Leyen has opened the door for a targeted and temporary EU-wide cap to rein in soaring gas prices and curb market speculation.But her message comes with caveats about the potentials risks the cap entails.”While gas prices have come down in the past weeks, they remain very high and are putting a heavy burden on people and our economy,” the European Commission president wrote in a letter to EU leaders on the eve of a high-level meeting in Prague.”We need to protect our single market, which has time and again provided resilience in the face of crisis.”Von der Leyen…

Morocco has lifted its remaining COVID-19 travel restrictions. As of 30 September 2022, visitors no longer need to present a vaccine pass or PCR test to enter the country.However, a passenger health form must still be completed before entry.After banning international flights and ferry services amid November 2021’s omicron outbreak, Morocco lifted its ban on international flights and reopened to tourists on 7 February 2022.What are the rules for entering Morocco?Passengers travelling to Morocco no longer need to present a vaccination pass or a negative PCR test result before boarding the plane.However, you must still complete a health form before entry. Upon arrival…

Graham Potter says Chelsea players knew their “level had dropped” before his arrival and is pleased with the way they have lifted themselves.Former Brighton boss Potter took over from Thomas Tuchel last month and is unbeaten in three matches.Two of his outings so far have been in the Champions League, with Chelsea impressing in a 3-0 victory over AC Milan on Wednesday.Football’He could be a Chelsea legend’ – ‘Sublime’ James lauded after Milan win6 HOURS AGOAsked about his first few weeks in charge, Potter told BT Sport: “They [the players] knew the level had dropped a bit and when you…

Analysts are concerned about a knock-on effect to the U.K.’s shadow banking sector in the event of a sudden rise in interest rates.Photo by Richard Baker | In Pictures | Getty ImagesLONDON — After last week’s chaos in British bond markets following the government’s Sep. 23 “mini-budget,” analysts are sounding the alarm on the country’s shadow banking sector.The Bank of England was forced to intervene in the long-dated bond market after a steep sell-off of U.K. government bonds — known as “gilts” — threatened the country’s financial stability.The panic was focused in particular on pension funds, which hold substantial amounts…

Source: YouTube

Video Duration 25 minutes 05 seconds 25:05 From: Inside StoryBurkina Faso’s military leader was deposed on Friday in the second coup this year.Burkina Faso has now witnessed two military coups in nine months. Leader Paul-Henri Damiba was overthrown by some of the same soldiers who backed him in the first takeover in January. They accused Dambia of failing to stop attacks by armed groups. Similar takeovers in Guinea and Mali have raised fears of a rollback of democracy in West Africa. What is behind the instability? And how should the international community respond? Presenter: Folly Bah Thibault Guests: Fahiraman Rodrigue Kone…

I’ve been testing Apple’s new $899 iPhone 14 Plus, which hits stores Friday, for the past several days. It has the biggest screen you can get on an iPhone, without shelling out $1,099 for the Pro model, and the best battery life ever on an iPhone.The iPhone 14 Plus is great for people who just want a larger screen and don’t mind missing out on the new features of the Pro and Pro Max, such as the Dynamic Island and always-on display.But most buyers seem to have flocked to the Pro models over the regular iPhone 14 so far.Bank of…

From: Start HereBolsonaro vs Lula: Who will be Brazil’s next president?Brazil votes for a new president on October 2, and it is a bitter contest between Jair Bolsonaro and Luiz Inacio Lula da Silva – the two biggest names in Brazilian politics. Why is Brazil so divided? And why do some people feel like they are having to pick “between a crazy guy and a robber”? Source: Aljazeera