LONDON (Reuters) - Deutsche Bank will give its asset management arm preferred access to private credit deals it originates, the companies said on Tuesday, as the German institutions look for an edge in the booming but increasingly competitive market.Under the arrangement, DWS will be given the first look at "certain asset-based finance, direct lending and other private credit asset opportunities" ...
Investing.com-- Elon Musk’s X, formerly Twitter, was valued at $44 bln in March, the Financial Times reported on Tuesday, marking a sharp turnaround for the social media site as its CEO gained more influence in the Donald Trump administration. Investors valued the firm at $44 billion in a “secondary deal” earlier in March, where they exchanged existing stakes in X, the FT report said, c ...
Investing.com-- Shares of Myer Holdings Ltd (ASX:MYR) reached a ten-month low on Wednesday after the company reported a decline in half-year profit, impacted by operational challenges at its distribution center and a tough retail environment.Despite online and comparable sales growth, supply chain disruptions and rising costs weighed on the bottom line, the company said.The Australian department s ...
Investing.com -- JP Morgan recommended buying these two stocks after the recent pullback in internet stocks given their strong fundamentals and resilient business models.JP Morgan’s internet coverage universe has declined 14% on average since market highs on February 19, underperforming the S&P 500, which is down 8%.Brokerage recommended Meta Platforms (NASDAQ:META) and Spotify Technology ...