BlackRock Raises $1 Billion for First Chinese Mutual Fund Run by Foreign Firm

The fundraising total, 6.68 billion yuan, marks a key milestone in U.S. and global asset managers' yearslong quest for a bigger presence in the world's second-largest economy. 


 
Elliott Management Has a More Than $1 Billion Stake in Citrix Systems

The activist hedge fund recently informed Citrix it has a stake of more than 10% in the software company and would like to work with it to improve its valuation. 


 
PayPal to Acquire Japan-Based Payments Platform for $2.7 Billion

PayPal Holdings has agreed to acquire Paidy, a Japanese payments company for approximately $2.7 billion, as the digital payment giant seeks to expand its business in the world's third-largest e-commerce market. 


 
Kim Kardashian's Instagram Post on Cryptocurrency Prompts U.K. Financial Watchdog to React

The head of the Financial Conduct Authority criticizes promotion of Ethereum Max token. 


 
State Street to Buy Brown Brothers' Investor-Services Business

The $3.5 billion deal is State Street's first significant acquisition since it bought financial-data firm Charles River System three years ago. 


 
Bitcoin Price Tumbles After El Salvador Makes It National Currency

The world's largest cryptocurrency fell as much as 17% on the day El Salvador made its unprecedented move. 


 
Blackstone to Buy Chamberlain Group

The deal values the family-owned maker of garage-door openers at about $5 billion. 


 
Deals Spree Puts Banks on Track for Busiest-Ever Year

Companies world-wide embarked on an unprecedented deal spree this year, emerging from the depths of the pandemic looking to bulk up and address the vulnerabilities it exposed. 


 
Dallas Fed's Robert Kaplan Was Active Buyer and Seller of Stocks Last Year

Dallas Fed leader Robert Kaplan made multiple million-dollar-plus stock trades in 2020, according to a financial disclosure form provided by his bank, in contrast with other regional Fed leaders who reported more modest financial holdings and smaller transactions. 


 
Wall Street Can't Get Enough Fixer-Upper Houses

High-interest loans to house flippers are a hot commodity on Wall Street, but inventory is scarce. Foreclosure moratoriums have shut off a big source, while competition from regular home buyers is stiff.

(END) Dow Jones Newswires

09-08-21 0015ET