Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Investment Banking myFT Digest — delivered directly to your inbox.Citigroup is stepping up its poaching of senior dealmakers from JPMorgan, signalling the ambitions of its new banking chief Viswas Raghavan after restrictions on hiring from his old bank recently expired. Citi hired Raghavan as head of banking in February 2024 to bolster its position in investment banking, taking him from JPMorgan, where he had led the dealmaking division.Raghavan has hired at least five senior bankers from JPMorgan as he begins to build out his team, including recruiting his former colleague Achintya…
For years, retail investors have watched private equity from the sidelines, locked out by steep investment minimums and opaque fund structures. But that may be changing, as a wave of new exchange-traded funds (ETFs) promises to bring private market exposure to the public. These funds may offer a new way to tap into the private equity boom, but they come with tradeoffs every investor should weigh carefully. Key Takeaways ETFs tracking private markets promise more access, but they might not deliver on performance. Some experts believe these funds are driven by asset managers chasing fees rather than strong investor demand.…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldBack in April, President Trump gave trading partners 90 days to strike trade deals, or face the reimposition of his so-called reciprocal tariffs. July 9 (last Wednesday) was D-Day.The deadline came and went. Trump kicked the can down the road, giving trading partners until August 1 to strike a deal, or face levies once more. And this time, he really means it.What has this whomp-whomp trade deadline actually taught us about the way Trump negotiates? Dmitry Grozoubinski joins MainFT’s senior…
Collaboration and workplace culture may be the reasons why some companies want their employees back in the office five years after the COVID-19 pandemic forced them to shift to remote and hybrid work. But as many as eight in 10 bosses say they aren’t confident that their employees are getting their work done remotely, while 77% of workers agree that it’s about being seen rather than being measured. If you’re a manager, transparency about your return-to-office (RTO) policies may be the best way to reconnect employees with the workplace. Key Takeaways Companies are putting return-to-office mandates in place following years…
BlackRock’s stock was bouncing Wednesday as Wall Street brushed off any concerns over a large redemption by a client in Asia, and as CEO Larry Fink said business in Asia was “stronger than we ever imagined.” Source link
Reports that President Trump was planning to fire Federal Reserve Chairman Jerome Powell sent stocks and the U.S. dollar tumbling on Wednesday, while long-dated Treasury yields charged higher. Source link
Image credit: Dubai Media Office (Picture used for illustrative purposes) Dubai’s largest provider of paid public parking, Parkin Company PJSC, has announced new subscription plans tailored for students, educators, and multi-storey parking users. The initiative aims to offer more flexible and affordable options to meet daily parking needs across the city. Read-Abu Dhabi: New paid parking zones announced Students can now subscribe for just Dhs100 per month, granting access to roadside and plot parking in Zones A, B, C, and D within a 500-meter radius of their educational institutions. Staff members of private educational institutions are also eligible for the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US Federal Communications Commission is poised to introduce a measure that would bar companies from connecting submarine communication cables to America that include any Chinese technology or equipment.The US telecoms regulator will next month vote on a new rule aimed at tackling potential Chinese espionage by ensuring any new communication cables that land in the US were less vulnerable to threats from Beijing and other adversaries. “Submarine cables are the unsung heroes of global communications, carrying 99 per cent of all…
Parents can help teens set themselves up within a brief period to have $4 million saved by the time they’re in their 60s, all without getting a bachelor’s degree, a social-media content creator claims. Source link
The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July. Source link