December 2024 – UAG Trade Asia

BlackRock Targets Private Credit Growth with 12B HPS Acquisition

December 4, 2024
Business
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Deal marks BlackRock39;s third major acquisition in 2024 HPS was carved out of JPMorgan in 2016 Private credit has grown rapidly in recent years Dec 3 Reuters BlackRock will buy private credit firm HPS Investment Partners for about 12 billion in an allstock deal, the companies said on Tuesday, as the world39;s largest asset manager seeks […]

December 4, 2024
Business
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Dec 3 Reuters Constellation Brands said on Tuesday it would sell its Svedka vodka to New Orleansbased Sazerac, as the Corona beer maker looks to focus on its premium wine and spirits business. The company did not disclose the terms of the deal. Constellation acquired Svedka in 2007 when it bought Spirits Marque One LLC for […]

December 4, 2024
Business
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Dec 3 Reuters Humana39;s Susan Diamond is stepping down as CFO and handing over the role to a top finance executive at a BlackRockowned fund, in a major shakeup in the health insurer39;s management ranks following the appointment of a new CEO earlier this year. Humana said on Tuesday Celeste Mellet39;s appointment will be effective Jan. […]

December 4, 2024
Business
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Dec 3 Reuters Intel former CEO Pat Gelsinger could get as much as 12 million as payout, a regulatory filing showed on Tuesday, following his ouster from the struggling U.S. chipmaker. The company said the severance payment would include 1.9 million as base salary for 18 months and 1.5 times his target bonus of 3.4 million, […]

December 4, 2024
Business
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BEIJING, Dec 3 Reuters U.S. automaker Tesla39;s sales of Chinamade electric vehicles fell 4.3 yearonyear to 78,856 in November, data from the China Passenger Car Association CPCA showed on Tuesday. Deliveries of Chinamade Model 3 and Model Y vehicles recorded a 15.5 increase from the previous month. Chinese rival BYD, with its Dynasty and Ocean lineups […]

December 4, 2024
Finance
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MUMBAI, Dec 3 Reuters The Indian rupee hit an alltime low on Tuesday weighed down by a broadly stronger dollar and a slump in the offshore Chinese yuan to a oneyear low, while persistently strong dollar bids in the nondeliverable forwards market also exerted pressure. The rupee touched a low of 84.7575 before closing slightly […]

December 4, 2024
Finance
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Broad commodities, up slightly on the back of gold and metals in 2024, face economic headwinds in 2025.

December 3, 2024
Uncategorized
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Dec 3 Reuters Despite widespread concern that generative AI could interfere with major elections around the globe this year, the technology had limited impact across Meta Platforms39; apps, the tech company said on Tuesday. Coordinated networks of accounts seeking to spread propaganda or false content largely failed to build a significant audience on Facebook and Instagram […]

December 3, 2024
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LONDON, Dec 3 Reuters Britain39;s National Energy System Operator has cancelled an electricity capacity margin notice it issued earlier on Tuesday afternoon calling on more power to be available on the system. The capacity market notice originally active from 1730 GMT on Tuesday 3rd December 2024 has been cancelled… it said on its website. Under […]

December 3, 2024
Uncategorized
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Scotiabank forecasts 57 earnings growth for fiscal 2025 Credit costs to pressure future earnings, analyst says Shares fall about 3 after missing profit estimates Dec 3 Reuters Bank of Nova Scotia reported fourthquarter earnings below analysts39; expectations and warned about modest economic growth in key international markets including Mexico, sending shares of Canada39;s thirdlargest bank down […]

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BlackRock Targets Private Credit Growth with 12B HPS Acquisition

Constellation Brands to Sell Svedka Vodka to Sazerac, Sharpens Focus on Premium Spirits

Humana CFO Susan Diamond to Step Down in Latest Management Change

Intels Ousted CEO Gelsinger to Receive Up to 12 mln Payout

Teslas ChinaMade EV Sales Drop 4.3 in Nov

INR Drops to Record Low Pressured by CNY Slide, NDF USD Bids

Reflation or verge of deflation? Commodities vs. China, tariffs

Meta says Gen AI had Muted Impact on Global Elections this Year

UK Energy System Operator Cancels Electricity Market Notice

Scotiabank Misses Profit Estimates, Projects Modest Economic Growth in Key Markets

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