EU should use perpetual bonds to finance Covid-19 recovery fund

EU should use perpetual bonds to finance Covid-19 recovery fund

Issue would be easiest, fastest and least costly way to establish fund needed to rebuild more than just members’ economies The European commission president, Ursula von der Leyen, has announced that Europe will need about €1tn (£873bn) to fight the Covid-19 pandemic....

The Day of Reckoning for Private Equity

This crisis is likely to mark the apex of private equity – irrespective of how the drama around accessing government loans plays out. The Global Financial Crisis catalyzed a fundamental change in the hedge fund industry.  Caught in the crossfire of a financial system...
Facebook Seals Biggest Deal Since WhatsApp With Ambani

Facebook Seals Biggest Deal Since WhatsApp With Ambani

Facebook Inc. will invest $5.7 billion in the digital assets controlled by Asia’s richest man, the U.S. social-networking giant’s biggest deal since the 2014 purchase of WhatsApp as it seeks a broader foothold in its biggest global market. The U.S. company will buy...
Social Capital to Raise $720 Million in Upsized IPO

Social Capital to Raise $720 Million in Upsized IPO

The parent of a blank-check company that helped Virgin Galactic Holdings Inc. go public has increased the size of a new U.S. initial public offering to raise $720 million, according to people with knowledge of the matter. Social Capital Hedosophia Holdings Corp. III...