Business

Arini, Silver Point Among Lenders Set to Take Over Pfleiderer

A bondholder group is set to take over Pfleiderer, the struggling wood-paneling company backed by Strategic Value Partners, despite the firm raising fresh debt just eight months ago.

Ares Eyes $2 Billion Loan Deal in Slow Year for Private Credit

Ares Management Corp. is leading a $2.2 billion direct loan to help finance a healthcare services acquisition, in one of the biggest deals since the private credit market was roiled by record redemptions this year.

Dangote Refinery Cuts Petrol Price by N50, Diesel by N80

Daily Trust

Dangote Refinery Cuts Petrol Price by N50, Diesel by N80

The Dangote Petroleum Refinery has reduced the ex-depot prices of Premium Motor Spirit (PMS), popularly known as petrol, and Automotive Gas Oil (AGO), also known as diesel, a move the company said is aimed at making petroleum products more…

Daily Trust

Soriot should explain the curious case of AstraZeneca’s non-deal

The Guardian

Soriot should explain the curious case of AstraZeneca’s non-deal

AstraZeneca’s rumoured takeover of Bristol Myers Squibb already looked weird, and was met with a lack of enthusiasm by shareholders AstraZeneca falls to third-largest UK company amid US merger talks Hold the heartburn pills. It seems…

The Guardian

BC Partners’ Credit Arm Explores Extending Lifeline to LIV Golf

BC Partners’ credit arm is leading a group of investors looking at lending money to LIV Golf, according to people familiar with the matter.

Boeing-Lockheed Rocket Joint Venture Taps Private Bond Market

Boeing Co. and Lockheed Martin Corp.’s rocket joint venture plans to sell bonds in the private market to refinance debt.

Canada Billionaire Buys Half of Tech Fund, Commits $125 Million

A Canadian real estate billionaire acquired half of tech investment firm Vistara Growth, committing as much as $125 million to a new fund in a deal with roots in a business school friendship formed three decades ago.

How Disney's IP Strategy Is Driving Growth

Disney's latest earnings beat was powered by more than just streaming. Phillips Securities analyst Helena Wang joins Bloomberg to explain why Disney's unique ability to monetize its intellectual property across movies, Disney+, theme…

SpaceX's AI Cloud Business Is Taking Off, Says Deutsche Bank

SpaceX's AI cloud business is emerging as one of the company's fastest-growing businesses, according to Edison Yu, head of Global Space & Aerial Mobility at Deutsche Bank. He explains why leasing AI compute capacity could soon become…

Iran says it has reached agreement with Oman on Strait of Hormuz shipping route

Financial Times

Iran says it has reached agreement with Oman on Strait of Hormuz shipping route

Islamic republic is determined to retain a degree of control over the chokepoint

Financial Times

Victor Niederhoffer Will Be Missed

By many friends and speculators.

Be Diversified Within AI Trade: Pandit

Meera Pandit, Global Market Strategist at JPMorgan Asset Management, says investors need to be diversified within the AI trade as she sees sentiment driving flows between different AI sectors, while fundamentals remain intact. She speaks…