European private lending activity has rebounded to levels last seen in mid-2022, new data from Deloitte showed on Tuesday, in a sign investors are piling in to risky corporate debt as they anticipate European Central Bank interest rate cuts this year. Private debt funds, which mostly lend at high interest rates to indebted companies backed by buyout houses, extended 189 loans in the final quarter of 2023, the accounting group said, the most since the second quarter of 2022, just before the ECB first raised interest rates. Andrew Cruickshank, a Deloitte director and the study's author, said private debt deal volumes were likely still rising this year after credit markets opened up to riskier borrowers, even as the ECB keeps rates at record highs.
EDMONTON — It was an opportune time for the Edmonton Oilers to rediscover their game. Leon Draisaitl and Evan Bouchard each had a goal and an assist as the Oilers snapped a three-game losing skid with a 4-2 victory over the Los Angeles Kings on Monday. Zach Hyman and Ryan Nugent-Hopkins also scored and Connor McDavid had a pair of assists for the Oilers (34-20-2) who moved two points up on the Kings for the third and final playoff spot in the Pacific Division. “It’s probably good timing the way
Banks are finally signing up for a U.S. Federal Reserve funding backstop that has been lying nearly dormant for more than two years, putting them in a stronger position to deal with any stress. The Standing Repo Facility allows banks to borrow emergency overnight cash from the Fed through a repurchase agreement, or repo, using Treasury and agency mortgage securities as collateral. Firms that act as the New York Fed's trading counterparties, called primary dealers, have access, but other banks have to apply for it.
Comedy CentralWhen Russia suddenly attacked Ukraine more than two years ago, politicians on both sides of the aisle seemed to be briefly united in the fact that Russia’s move was a shameful miscalculation of power, and should be treated as such. But as Jon Stewart pointed out on Monday’s episode of The Daily Show, the general response to Israel’s ongoing bombing of Palestine has not been nearly as robust.“Be more careful” and words along the lines of “Do more to protect innocent civilians” are j
Communist-ruled Vietnam is expected to ratify this year the UN convention for the free establishment of trade unions, UN officials and diplomats said, in a move meant to cut risks of trade disputes but likely leaving some foreign companies uneasy. The long-delayed measure would be a major formal step in the tightly controlled one-party nation where the only existing national trade union operates within the Communist Party structure, although it is unclear how and when the convention, once ratified, would be actually applied.
Chinese boats leave after being warned by Taiwanese authorities
The disgraced MP for Wagga was a ‘special kind of serial pest’ but ex-premier’s shared vision of the future with him clouded her judgement, court hears
Having a good idea of what you want your retirement to look like will help you put together a plan for how much it is likely to cost.
Q4 2023 Public Service Enterprise Group Inc Earnings Call
Hamilton stunned the sporting world by choosing to quit Mercedes and join Ferrari in 2025.
The Briton will join Ferrari next year.
Green businesses and jobs are booming – in stark contrast to the national economy – but political U-turns risk future growth
New Model Agency shows how the industry is navigating trends and calls for increased diversity. Plus: The Hairy Bikers carry on riding west. Here’s what to watch this evening
Clauses in Michael Gove’s bill include exemptions for properties in a retirement village or on land where a lease has already been granted
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Nearly one in five people can no longer remember their bank Pin to withdraw cash or make transactions as the use of “contactless” payments hit a record high last year.
Bosses have blamed red tape and low returns for hampering net zero efforts, according to PwC.
A damning report into the health of Britain’s housebuilding sector pulled no punches on Monday, as the competition watchdog raised concerns over decades of failure.
Torgate House has been owned by the Duchy of Cornwall for centuries – but is now being sold amidst a Royal shake-up
The plan follows a meeting with Mayor of London Sadiq Khan, who said the issues over the past six months were ‘not acceptable’.