Fed Chairman Powell Masters the Art of Saying Nothing
By refusing to elaborate on what the Fed will do next, Chairman Jerome Powell leaves less room for misinterpretation and forces the market to think for itself.
Temasek-Backed Fund Focusing on Health, Agriculture Tech Sectors
EXCLUSIVE: Vertex Ventures SEA & India, a venture capital fund backed by Temasek Holdings, is looking for opportunities in technology startups that specialize in health care and agriculture.
Fed Cuts Rates by Quarter Point but Faces Growing Split
The Fed voted to cut interest rates by a quarter-percentage point for the second time in as many months to cushion the economy against a global slowdown amplified by the U.S.-China trade war. But the central bankers were divided over the decision and the outlook for further reductions.
Bank of Japan Hints at Possible Action in October
The Bank of Japan left policy unchanged but hinted at possible action at its next meeting, saying it believes momentum toward achieving its inflation target may be falling short.
SoftBank's Vision Fund to Open New York Office
SoftBank plans to open a New York office for its Vision Fund, marking the global investor's fifth base of operations and positioning it to tap more actively into the city's startup scene.
Buffett Protege to Leave Berkshire, Start Own Firm
Tracy Britt Cool, one of Warren Buffett's key lieutenants in recent years, is leaving Berkshire Hathaway Inc. to create a mini-Berkshire of her own.
Brazil's Petros Pension Aims to Increase Private Equity Investment in 2020
One of the largest state-run pension funds in Brazil could gradually resume investing in private equity next year, following a period of cutting back its exposure to the asset class and changes in the rules governing the investment vehicles themselves.
U.K. Bank Pays $4 Million to Settle Allegations of Sanctions Violations
British Arab Commercial Bank agreed to pay $4 million to settle allegations that it violated U.S. sanctions on Sudan, the U.S. Treasury Department said.
Warren Probes Apollo and KKR on Backing For-Profit Colleges
Elizabeth Warren is demanding answers from private-equity firms about their investments in for-profit colleges, the latest push by a high-profile Washington lawmaker to investigate how buyout firms affect the public.
Nordea CFO Departs Amid Wider Management Reshuffle
The Helsinki-based lender said Christopher Rees, the group chief financial officer and head of group finance and treasury, is departing from the bank in 2020 and plans to relocate to the U.K. to pursue new opportunities, Nordea said.